15 Jul 2017
The “60 day rule” tax residency test for individuals
On the 14th of July 2017 the Cyprus parliament voted for a tax law amendment adding an additional test, known as the “60 day rule”, for the purposes of determining whether an individual is tax resident in Cyprus. The legislation will be effective as from tax year 2017.
24 Jun 2017
Re-Domiciliation of Foreign Companies
The Republic of Cyprus is amongst the jurisdictions which allow re-domiciliation (i.e. the transfer of the company’s “seat of incorporation”) in and out of Cyprus.
22 Mar 2017
Tax Residency Amendment
Cyprus tax residency certificates for individuals can now be issued before the end of the relevant tax year.
13 Sep 2016
Amendment of the Criteria for Naturalisation of Investors in Cyprus
On the 13th of September 2016, by a decision of the Council of Ministers of Cyprus, the criteria for Naturalisation of Investors by exception have been amended. Investors can now apply for Cyprus Citizenship by making a stand-alone application (the previous ‘collective investments’ application has been abolished), upon making an investment under the new criteria which must be retained for a period of three years.