In light of the shifting international tax landscape and the challenges raised, businesses and HNWI are focusing on streamlining their operations, asset base and tax residency, cautiously considering the jurisdictions that offer them the most optimized and efficient status.Read More

On the 12th September 2016, the Cyprus Government through the Council of Ministers has revised the criteria for granting the Cypriot citizenship by investment, in an effort to further promote foreign direct investments in Cyprus and align the scheme with the most recent industry requirements and standards.Read More

he Fidescorp Tax Facts and Figures is an annual publication that provides an overview of the tax system in Cyprus, based on the current tax legislation and practice.Read More

Cyprus combines mild and sunny Mediterranean weather with a distinctly European lifestyle at a comfortable pace, due to the short distances from coast to coast.Read More

There are many ways that you can benefit from Cyprus citizenship. Apart from feeling truly at home on this beautiful island and enjoying all the rights that accompany full citizenship status, a few salient points always stand out. Most of them are a result of Cyprus’s membership of the European Union.Read More

Introduction Cyprus has been a full member of the European Union since 2004 and a member of the Eurozone since 2008. The geographic position of Cyprus, connecting Europe to Africa, the Middle East and Asia has for centuries made the island a hub for business and trade.Read More

Introduction Cyprus Stock Exchange’s  Emerging Companies Market (“ECM”) is similar to the AIM for the London Stock Exchange, with the added advantage that it is a Multilateral Trading Facility (MTF) as defined by the EU’s Markets for Financial Instruments Directive (MiFID) and operated by an EU regulated Stock Exchange.Read More

Introduction One shareholder is required for the incorporation and continued existence of a Cyprus private company. The nationality of the shareholders is immaterial. Apart from the shareholder, a Cyprus company should have at least one director and one corporate secretary. The Cyprus Companies Law, Cap 113, as amended, allows for single member companies i.e. shareholder,...Read More

Under Cyprus tax legislation, Cyprus tax resident individuals are taxed on all chargeable income accrued or derived from all sources in Cyprus and abroad. An individual who is not a tax resident in Cyprus, is taxed on income accruing or arising only from sources within the Republic. Foreign taxes paid can be credited against the...Read More

On the 9th July 2015, the Cypriot House of Representatives voted a number of significant amendments to the Cyprus tax legislation, further improving the attractiveness of the Cypriot tax system. One of the most important changes made was the introduction of the concept of a non-domiciled resident individual.Read More