Insights
Insightful Perspectives with Meaningful Impact
Cyprus implements new EU directive on combating late payment in commercial transactions
In order to protect European businesses, in particular SMEs, against late payment and to improve their competitiveness, a new Directive 2011/7/EU on combating late payment in commercial transactions was adopted on 16 February 2011 - Read More...
Cyprus Registrar of Trademarks introduces new policy on trademark classification
As a result of the recent decision of the European Court of Justice in the IP TRANSLATOR matter, the Registrar of Trademarks in Cyprus has introduced a new policy on trademark classification, aiming to - Read More...
Amendments on Cyprus stamp duty laws to apply from March 2013
Cyprus stamp duty is levied on ‘documents’ (i.e. written agreements/contracts) relating to assets located in Cyprus and/or matters or things taking place in Cyprus. As of March 1, 2013, the calculation of stamp duty - Read More...
Cyprus and Ukraine sign new DTA
On 08 November 2012 Cyprus and Ukraine signed a new double taxation treaty, replacing the old convention of 1982 concluded with USSR. According to the principle terms of the Treaty, the withholding tax on - Read More...
Cyprus Supreme Court in full bench rules on sham hire purchase agreements
In an 11-2 majority decision, the full bench of the Cyprus Supreme Court has ruled on the question of a Bank’s entitlement to receive funds drawn pursuant to a credit facility, in the event - Read More...
Exemptions in anti-usury law in aid of international business
Following the introduction of interest rate ceilings last year, the law has now been amended to allow exemption on usury sanctions in cases where loans are related to international finance transactions. According to section - Read More...
Double-tax avoidance agreement between Cyprus and Poland
Cyprus and Poland signed an amendment to the current double tax treaty agreement between the two countries, introducing substantial benefits for entrepreneurs using Cyprus companies as investment vehicles in Poland. The amended double tax - Read More...
Agreement for the avoidance of double taxation between Cyprus and Qatar
Cyprus and Qatar have completed the required procedures for the entry into force of the agreement for the avoidance of double taxation between Cyprus and Qatar, which was signed on the 11th of November - Read More...
Foreign Investment in Larnaca Free Zone
In an effort to encourage external trade and international commerce through the provision of various incentives such as the abolishment of custom duties and taxes in respect of goods imported into the zones, the Cyprus - Read More...