Insights
Archive
Earlier publications retained for reference. Please note that archived articles may no longer reflect current law or practice.
Read →ArchivedSeptember 13, 2024
Guide to Naturalization Requirements
To obtain Cypriot citizenship through naturalization, applicants must meet the following conditions:
- Read →Archived
October 21, 2022
EU list of non-cooperative jurisdictions for tax purposes
On 21 December 2021, amendments to the Income Tax Law and Special Defence Contribution Law were published in the Cyprus Government Gazette for the introduction of tax measures that will apply in Cyprus from 31 December 2022 in relation to jurisdictions included on the EU blacklisted jurisdictions for tax purposes.
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March 9, 2016
New Company Registrations In Cyprus Hit 3-year High
The applications for new company registrations in Cyprus soared in July 2016 to the levels prior to the haircut of 2013.
Read →ArchivedAugust 3, 2018
Non-Domicile Status
The non-domiciled rule was introduced by the Government of the Republic of Cyprus to attract start-ups to establish in Cyprus, encourage headquarters to relocate to Cyprus, and incentivize corporate executives and high-net-worth individuals to take up residency in the country.
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August 17, 2022
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 having enacted an amendment to the Companies Law and a set of regulations explaining the practical application of such amendment. The alternative to the re-domiciliation is to dissolve the existing company and transfer its portfolio of assets to an entity incorporated in the alternative jurisdiction.
Read →ArchivedAugust 17, 2022
Registration of Ships and Yachts
Vessels and pleasure yachts registered with the Cyprus Registry and their owners benefit of the tax advantages offered by the Republic of Cyprus but also of the various benefits that Cyprus offers as a modern, efficient and integrated shipping cluster ranked amongst the leading in the world.
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August 17, 2022
Tax Residency Amendment
The Tax Department of the Republic of Cyprus has issued circular 2017/8 on 10 March 2017 stating that individuals can now apply for a tax residency certificate at any time during the tax year without first having to reside in Cyprus for 183 days.
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August 17, 2022
The “60 day rule” tax residency test for individuals
Once the “60 day rule” is effective, an individual will be considered as a Cyprus tax resident if he/she satisfies either the “183 day rule” or the “60-day rule” for the relevant tax year.