On 22nd of March 2018, Cyprus signed the new tax treaty with the UK which replaced the 1975 treaty between the two countries. The new treaty is based on the OECD Model Convention and its key provisions are the following:Read More

Following the amendment of the VAT legislation with regards to the imposition of VAT on the sale of building land and immovable property leasing, the Cyprus Parliament and the Tax Department have released Regulations and Circulars clarifying the applicability of VAT imposition on non-developed land as well as on commercial rents taxation.Read More

Following on from the September 2016 revision of the Cyprus Investment Scheme (CIS) program qualification criteria, the Cyprus government, following the recommendations of investcyprus.org (the government investment promotion agency) has taken a step towards establishing a “soft regulation” for the program’s stakeholders. Read More

The Cyprus Investment Firms Law 144(I) 2007-2012 (the“Law”) provides the legal framework for the provision of investment services as well as for the registration, regulation of operations and supervision of Cypriot Investment Firms (CIF).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