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

IP-intensive companies and R&D activities are key drivers of growth and employment globally. To attract such companies in Cyprus, on October 2016, the Cypriot laws governing the application of the Cypriot intellectual property regime (the IP box regime) have been modernised and amendedRead More

Non-domiciled Cyprus tax resident individuals may be exempt from taxation in Cyprus on their worldwide income from dividends, capital gains, interest and rent (foreign taxes may apply). In light of the shifting international tax landscape and the challenges ahead, businesses and HNWI are focusing on streamlining their operations, asset base and tax residency, cautiously considering […]Read More

Fidescorp’s Managing Director, Savvas Poyiadjis was a panel speaker at the 2018 Beirut International Property Fair –Read More

The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy.Read More

In April 2018, the IMF issued a Concluding Statement after the second post-program monitoring mission, taking note of the rapid pace of Cyprus’ economic expansion, noting that the coutnry’s GDP is projected to grow by 4–4,25% during 2018 – 2019 underpinned by a pipeline of mainly foreign-funded, large construction projects,Read More

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