Recently, one of the major Cypriot banks announced that they have created a specialised unit solely devoted to serve technology companies. According to the statement of the Bank; “this initiative
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On 22nd November 2021, The Tax Department of the Ministry of Finance of the Republic of Cyprus announced that there will be no imposition of fines to DAC6 overdue reportable
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On 27th October 2021, the Justice Committee of the House of Representatives of the Republic of Cyprus began examining two bills for the establishment of Commercial and Maritime Dispute Courts in
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According to recent statistics published by the Department of Land and Surveys, Cyprus, the real estate market is experiencing positive movements towards normalisation and it seems that 2021 saw a
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On the 16th October 2021, Cyprus and Egypt signed a memorandum of understanding (MOU) on electricity interconnection. The MOU will facilitate the construction of the €2.5 billion EuroAfrica Interconnector and
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Recently, the Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos announced that Cyprus will proceed implementing a tele-service to serve its citizens. Tele-service means serving citizens via telephone,
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In an interesting interview on the 29 August 2021 with Politis Newspaper, the Minister of Finance Constantinos Petrides announced that Cyprus will soon implement extensive tax reforms. From the interview
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Cyprus has recently provided a definition for obliged entities under the Prevention and Suppression of Money Laundering Law 2007 (188(I)/2007) (AML law). This is an implementation under the requirements of
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Today, June 1st, 2021, the Republic of Cyprus and the Kingdom of the Netherlands finally signed the double tax treaty for the avoidance of double taxation and prevention of tax
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According to the statistical data “Contract of Sale 2020-2021” published by the Department of Land and Survey, the Pancyprian total number of registered contract of sales for the year 2021
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