A Strategic Advantage For High-Net-Worth Individuals Relocation

Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.

The Cyprus Tax Department has announced that the 2023 Income Tax return (IR1) for Individuals can now be submitted via the TaxisNet system.

Cyprus corporate tax changed materially on 1 January 2026. The headline change is the corporate tax rate, which rose from 12.5% to 15%. But the reform package went further, touching loss carry-forward..

Cyprus has raised its corporate income tax rate from 12.5% to 15%, but the total tax burden on distributed profits has actually fallen by more than eight percentage points for Cyprus-domiciled shareholders due to a dramatic cut in the Special Contribution for Defence on dividends. However, non-domiciled residents and foreign shareholders now face higher effective rates, fundamentally reshaping the island's tax competitiveness for different investor categories.

Cyprus removed a key barrier to its 60-day tax residency rule in January 2026, allowing applicants to qualify even if another country still claims them as tax resident. The change shifts the resolution of competing residency claims from domestic statute to double tax treaty tie-breaker provisions, fundamentally altering how internationally mobile business owners and executives can establish Cyprus tax residency.

Cyprus has increasingly positioned itself as a jurisdiction of interest for entrepreneurs, international business owners, remote professionals and high-net-worth individuals seeking an EU base with a modern...

Cyprus approved a comprehensive tax reform package on 22 December 2025, marking the first major overhaul of the tax system in more than twenty years.

A Cyprus resident company holding a portfolio of listed securities, funds, or bonds can generate capital gains and dividend income entirely free of corporation tax.

The Cypriot tax landscape has undergone a significant recalibration following the entry into force of a broad package of fiscal reforms, effective as from the 1st of January, 2026.

Cyprus tax residency has become the subject of intense interest among internationally mobile business owners and entrepreneurs. The reason is straightforward: Cyprus offers a legal, transparent, and well-tested framework...

Firstly, there are two laws governing arbitration proceedings in Cyprus: domestic arbitration proceedings are governed by the Arbitration Law of 1944, Cap. 4...

Cyprus continues to strengthen its position as a reputable and strategically attractive international business hub in today's increasingly regulated global environment.

For years, Environmental, Social and Governance (ESG) disclosures of companies (broadly referring to a company’s environmental impact, social practices and internal governance structure), were largely driven by reputational incentives and sustainable financing, showcasing a “green” or “responsible” corporate branding.

The 14th package of EU restrictive measures against Russia was issued on the 24th of June 2024. As it seems, the primary aim of the EU was to broaden the coverage of EU sanction.

Please watch this webinar from Patrikios Legal.

Artificial Intelligence is rapidly becoming a central part of everyday business operations, from recruitment systems and contract review to predictive analytics and compliance monitoring.

Artificial intelligence is often presented as either a blessing or a curse. In reality, it has the potential to become both. While AI is transforming modern life in remarkable ways, it is also creating entirely new forms of abuse capable of violating privacy, dignity and fundamental human rights.

The Cyprus Migration Department has officially announced the reopening of applications for the Cyprus Digital Nomad Visa Scheme. This initiative offers non-EU and non-EEA nationals the opportunity to reside in Cyprus while working remotely for foreign employers or clients.

The law in Cyprus on the recognition and enforcement of foreign judgments provides for various legal frameworks, the applicability of which depends on the originating country in which the judgment was issued.

In December 2025, two prisoners at Nicosia Central Prisons died. One lost his life minutes after being punched in the face by another inmate inside his cell...