Recently, the Deputy Ministry of Migration and International Protection of the Republic of Cyprus announced that starting Monday, July 7, 2025, the Republic of Cyprus will begin processing applications for
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The Cyprus Council of Ministers has approved an extension for the submission of 2024 personal income tax returns and associated payments. This adjustment is intended to simplify compliance and ease
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Cyprus’ real estate market continued to grow steadily in 2025. March and April have seen significant activity, with Nicosia emerging as a key player in overall sales and high-value transactions.
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On March 24, 2025, the tax department introduced Circular 2/2025, providing the option to submit Form T.D. 1220 until December 31, 2025. This form facilitates the election for non-taxation for
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On 26 March 2025, the Deputy Ministry of Migration and International Protection announced the launch of the updated Digital Nomad Visa Scheme. Accordingly, 500 residence permits will be issued under
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From the 2022 tax year onward, all companies in Cyprus, as well as Permanent Establishments (PEs) of non-resident entities that engage in controlled transactions (transactions with related parties), are obligated
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On 20 December 2024, the Official Gazette of the Republic of Cyprus published a Decree ΚΔΠ 455/2024 issued by the Minister of Labour and Social Insurance. By this Decree ΚΔΠ
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Spain is experiencing a housing crisis. Shortages and rising housing prices are believed to be caused by foreign buyers and mass tourism hence recently large protests were held against tourists
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On 12 December 2024, the Cyprus House of Representatives approved the transposition of Council Directive (EU) 2022/2523 of 14 December 2022, referred to as the “Pillar Two Directive,” into domestic
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The Deputy Ministry of Research, Innovation and Digital Policy announced at the end of 2024, that the Council of Ministers approved the revision of the Startup Visa Scheme to attract
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