The European Central Bank (ECB) has reduced interest rates for the second time since June. The deposit rate, which is the ECB’s primary tool, was lowered from 3.75% to 3.5%,
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According to the European Union’s Statistics Service (Eurostat) data published recently, Cyprus recorded the third-highest annual growth rate in the EU for the second quarter of 2024. Based on seasonally
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On 16 July 2024, the Department of the Registrar of Companies and Intellectual Property announced that in cases of change of officers/partners in a company/cooperative, the responsibility to carry out
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On the 9th of July 2024, Eurostat (the statistical office of the European Union) published its findings regarding house sales in the EU. According to Eurostat data, house sales were
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Cyprus is considering easing residency rules for high-income earners. The new proposed bill foresees a minimum of EUR 250, 000 investment in residential property and EUR 40, 000 income from
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On February 7, 2024, following the meeting of the Council of Ministers of Cyprus, the Minister of Finance Mr. Makis Keravnos announced that the Council of Ministers approved the revision
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On February 21, 2024, despite previous opposition from the Ministry of Finance, the Cyprus Cabinet decided to abolish the annual company levy of €350 imposed on Cyprus companies. The Ministry
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In February 2021, the House of Representatives of Cyprus passed a law (Law 12(I)/2021) levying a 0.4% tax on all sales of immovable property whereby the proceeds would go towards
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On December 11, 2023, the Ministry of Finance of Cyprus announced the signing of a new double tax treaty and its protocol with respect to taxes on income and the
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As of 20 November 2023, the one-stop-shop shipping centre at the Deputy Ministry of Shipping in Limassol started its operations as a first step for matters related to the services
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