Blog > Announcements
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Benefits of Non-Dom tax residents in Cyprus
The Republic of Cyprus has an open economy, characterized by a remarkable resilience over the years. As we are reaching the yearend 2021 and by looking at the recent…
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Briefly the Stamp Duties in Cyprus
According to the Stamp Duty Law (19/1963), stamp duties are paid in Cyprus, only if: (a) the contemplated asset is situated in the Republic of Cyprus; or (b) the contemplated matters / or things…
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Contract’s Specific Performance
If you are the Purchaser or the Seller of real estate in Cyprus, you should know your rights / obligations and be rather diligent as to the transaction you…
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Quick snapshot of the Capital Gains Tax (“CGT”) in Cyprus
Tax residents and Companies registered in Cyprus are subject to CGT when disposing their immovable property. CGT is calculated as the difference (profit) between the sales proceeds and the initial cost of…
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What is the “Aliens’ Permit”, which is required for the acquisition of real estate in Cyprus?
This is a Permit issued by the Council of Ministers in Cyprus, as stipulated in article 3 of the Acquisition of Immovable Property (Aliens) Law Cap. 109. According to the…
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“ERGANI” – Register as an Employer in Cyprus
The amendments to the Social Insurance Law (167/2017) affecting Employers in Cyprus are applicable from the 13th of September, 2021 (the “Effective Date”). You should be aware of the following critical points: 1. From now and onwards,…
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Payments via credit cards
We would like to inform our Clients that, from the 18th day of September, 2021, all Companies listed in Annex 2093must proceed with the required steps to accept credit card payments based on the Law on…
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Register of Crypto Asset Service Providers in Cyprus
In June, 2021 the Cyprus Securities and Exchange Commission (“Cysec”) issued the Directive for the registration of Crypto Asset Service Providers (“CASPs”) and, for the first time, defined the…
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Double Tax Treaty between Cyprus – Netherlands
The Republic of Cyprus and the Kingdom of the Netherlands signed their 1st Treaty for the Elimination of Double Taxation with respect to taxes on Income and the Prevention of…
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Announcement: Extension for the payment of the Annual Levy of 2021
The House of Representatives in Cyprus approved the extension to the deadline for the payment of the Annual Company Levy (€350) until the 31st of December, 2021. For any clarifications please…
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Amendment of Law on the Central Body of Equal Distribution of Burdens (141/1989)
Subject: Amendment of Law on the Central Body of Equal Distribution of Burdens (Recommendation, Purposes, Responsibilities and Other Related Issues) (141/1989) (hereinafter referred to as the “Law”). Purpose of the amendment: Reinforcement of…
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Russian – Cypriot Double Tax Treaty (Part. 3 – Resolution)
After a series of extended negotiations on the renewal of the Treaty for the avoidance of Double Taxation (“DTT”) between the Republic of Cyprus and the Russian Federation, the…
Blog > Announcements
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Sale Agreement (Antiparochi): Quick Preview
“Antiparochi” (which is considered as an ordinary sale for the purposes of the Land Registry) is a very special transaction that is concluded among the Owner of an immovable property and a Developer who shall develop the real estate Project, in return…
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E-Auctions
Our Firm offers support for the participation of bidders in electronic auctions (e-auctions). With us, you can learn the steps you need to follow to register as a Bidder and to participate in online auctions. Call us…
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Insurance and Personal Injuries; Motor Claims
A car accident may cause many consequences – some of them might be serious and make your health and safety vulnerable. When the cause of the accident is not…
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Quick Snapshot of the Ultimate Beneficial Owner (“UBO”) Registry in Cyprus
Based on the provisions 4 and 5 of the Directive Κ.Δ.Π. 112/2021 regarding the Ultimate Beneficial Owners (“UBO Registry“), every Cyprus Company is obliged to report the details of its Ultimate Beneficial Owner(s) with the UBO Registry until the 12th day of…
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Transfer of Properties in Cyprus
It is prudent that you are diligent enough when it comes to the selling or purchasing real estate. Certain steps for you to have in mind: 1) Negotiate the commercial terms;2) Draft a Memorandum of Understanding / Reservation Agreement /…
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Quick analysis of Incorporating a Company in Cyprus
According to Advocates Law Cap 2, article 2 (1) (iv), only a “practicing Advocate may deal with the drawing, reviewing, amending of any Memorandum or Articles of Association of a Company…