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Publications

CYPRUS NON-DOMICILE TAXATION STATUS – THE BEST OF BOTH WORLDS?

Cyprus is considered an alluring tax destination both for individuals and companies and is widely chosen by foreign entrepreneurs seeking to move their personal tax residency under the non-domicile status. With an aim to improve and simplify the tax system in Cyprus and maintain its status as an international business and financial hub, in July...
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Trusts: a cornerstone vehicle for wealth preservation

Trusts can be considered the cornerstone of wealth preservation, asset protection and estate planning, a valuable tool utilized both in the commercial and family context.  Cyprus is a beneficial jurisdiction for the establishment of a trust, with a favorable tax regime, particularly for non-locals, numerous tax advantages and the lack of stringent conditions for trust...
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Fast-Track Residence Permit in Cyprus – An Opportunity for Foreign Investors

0n the 24.03.21 the Ministry of Interior of Cyprus announced amendments to the existing Regulation 6(2) of the Aliens and Immigration Regulations, making the obtainment of a Permanent Immigration permit more attractive to foreign investors.  Pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, a third-country national (non-EU citizen) can apply...
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Purple Company Register under magnifying glass

The fight for tax transparency: Introduction of UBO register in Cyprus

Introduction The notion of a Central Register of Beneficial Owners (UBO Register), maintained at a national level by EU Member states flows from the 4th EU Anti- Money Laundering Directive (EU) 2015/849 (AMLD IV) which required Member States to introduce a Central Register of beneficial owners within their respective jurisdictions, likewise for trusts and all...
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