Cyprus continues to surface as one of the top EU investment fund centers. With the transposition of the Alternative Investment Fund Managers Directive in 2013, the enactment of the Alternative Investment Funds Law in 2014, the transposition of UCITS V in 2016 and the upgrade of the Alternative Investment Funds Law in 2018, the legislative...Read More

Greece, with newly enacted tax legislation, invites foreign pensioners to relocate and benefit from reduced taxation rates. Persons who receive retirement income from abroad and decide to become tax residents in Greece, can now enjoy a special, flat tax rate of 7% on the sum of their retirement income. The tax is payable annually as...Read More

A reminder that the 1st provisional tax instalment for the tax year ending 31 December 2020 is due on 31stJuly 2020 and the deadline for its payment is on 31st August 2020. The payment of provisional tax can be made through www.jccsmart.com. On the website, follow the path: Tax Department -> SELF ASSESSMENTS -> TEMPORARY Assessment...Read More

If you have been thinking about retiring abroad, you have surely been considering what your dream destination would look like. A warm weather, 65 blue flag beaches, low crime rates, a general health system, high quality infrastructure and services are just a glimpse of what Cyprus has to offer to pensioners. All these, matched with...Read More

The Greek Parliament has implemented the Tax Bill 4646/12.12.2019, introducing significant amendments related to the Greek Tax system.  By virtue of this Law, triggered are segments of the Greek Taxation, significant for both individuals and legal persons and amended are few Legal Acts, namely the Income Tax Code (ITC), the Tax Procedures Code (TPC), the...Read More

The Cyprus Tax Department has announced that the date of submission of the 2019 Income Return for: (a) employees and pensioners (IR1) and (b) self-employed individuals whose turnover does not exceed €70,000 (IR1 self-employed), as well as the payment of the payable tax, is extended until October 30, 2020.   It is clarified that the...Read More

On 2nd June 2020, an amendment of the Cyprus Income Tax Law has been published in the Official Gazette with respect to tax relief that landlords may claim on rental income subject to voluntarily reducing the rent payable by tenants. According to the amendment, a landlord may claim a tax credit against their income tax...Read More

As the situation with COVID-19 is evolving rapidly, please be informed that Fidescorp remains operational and continue to serve our clients and assist them in this difficult period. Our priority is to keep our people as well as your people safe so we have taken a number of measures to reflect the developing circumstances: •...Read More

Fidescorp is proud to have been voted as the Best Boutique Business Advisory Firm in Cyprus for 2019, awarded by the International Investor Magazine. This is a huge success for our firm and a recognition of the quality of services offered to our international clientele.Read More

As per the recent decision of the Council of Ministers, dated  the 13th of February 2019, the Cyprus Investment Program has been amended as follows: Amendments on the Financial Criteria In addition to the existing investment parameters, the applicant must have made the following donations:  €75.000 to the Cyprus Land Development Foundation; &  €75.000 to...Read More