Insights
Insightful Perspectives with Meaningful Impact
Amendment of the Finance Leasing Law
On 05/06/2020, the Parliament adopted the amendment of the Finance Leasing Law of 2016 (72(I)/2016) (the “Law“) with 29 votes in favor, 14 against and 2 abstentions.
Amendments to the Transfer and Mortgage of Property Law N.9/65
On 02/08/2019, the Parliament has passed the Transfer and Mortgage of Property (Amending) (No. 4) Law of 2019 (the “Amending Law of 2019”) with 27 votes in favour of the proposed amendments and 23 against, - Read More...
Retrospective submission of a contract of sale
On 8 May, 2020, the Supreme Court of Cyprus delivered its much-awaited judgement in the context of the appeal 68/19 (Appeal), granting leave for the submission of an application for the issuance of a Certiorari, - Read More...
Moneyval publishes the Cyprus Risk Assessment of Money Laundering and Terrorist Financing Risks
Moneyval published on 12 February 2020 Cyprus’ comprehensive assessment of the effectiveness of anti-money laundering and countering the financing of terrorism (AML/CFT) system and its level of compliance with the Recommendations of the Financial Action - Read More...
Cyprus Tax Facts and Figures 2020
We are pleased to share our 2020 guide on Cyprus Tax Facts and Figures. This comprehensive and easy-to-use publication is aiming to provide complete, valid and updated information to Cyprus companies and individuals based on the cypriot legislation and tax - Read More...
Amendments to the legislation for “Trapped buyers”
The House of Representatives of the Republic of Cyprus has amended the Transfer and Mortgage of Property Law of 1965 (9/65) (the Law) in 2015, through the introduction of Part VIB of the Law, seeking - Read More...
Registered Alternative Investment Funds
On 31 July 2018, the Cyprus Parliament enacted Law 124(I)/2018 Alternative Investments Funds Law of Cyprus (the AIF law) which allowed for the establishment of a new investment vehicle called Registered Alternative Investment Funds (RAIF).
Cyprus Regulates Official Translations
Cyprus has enacted a new law on the Registration and Regulation of the Services of Sworn Translators, which establishes the Registry of Sworn Translators and regulates official translations and related certifications.
NEWS ALERT: New amendments to the Cyprus Investment Programme
The Ministry of Interior has officially published the new guidelines approved by the Council of Ministers as a part of new changes of the Citizenship by Investment Scheme and in an effort to constitute - Read More...
Update on the Cyprus Investment Programme
Recently, the Cyprus Government, as a part of its efforts for the further improvement of the Cyprus Investment Programme, has established the Committee for Supervision and Control as well as the Registry of Service Providers. - Read More...
Military service update for Cypriot citizens by exception of investment
On 23/05/2014, Council of Ministers issued a decision regarding military service for every person who obtained a Cypriot citizenship by exception of investment. The decision states the abovementioned citizens have no obligation to attend - Read More...
Preparation of audited Financial Statements by individuals
According to the Article 30(1) of the assessment and collection of taxes law, every individual with a total Gross Annual Turnover of over Euro 70.000 is required to keep proper books and records and to - Read More...