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The decision by High-Net-Worth Individuals (HNWIs) to pursue second citizenship or permanent residency in the EU is often attributed to desires for greater global mobility and a "Plan B" for uncertain times.

In September 2014 the Russian Ministry of Finance published the third version of the draft law on the package of tax initiatives generally referred to as 'de-offshorisation'.

The United Kingdom is witnessing an unprecedented trend that could significantly reshape its economic landscape. In 2024, the UK is expected to see a net loss of 9,500 millionaires, placing it second only to China in terms of millionaire outflows globally.

At Savva & Associates, we understand the unique challenges and opportunities that come with cryptocurrency wealth.

The Cyprus International Trust ("CIT") continues to enjoy an increased momentum and demand, not only through the establishment of new trusts but also through having foreign trusts ‘redomiciled' to Cyprus and becoming CIT's.

Cyprus Companies are in wide use as major vehicles in international tax structuring mainly due to the broad range of legal and tax related benefits they can offer because of the flexible tax system and the extended network of double tax treaties between Cyprus and other countries.

Cyprus continues to strengthen its position as a leading international business and investment hub through the expansion and modernisation of its Double Tax Treaty (DTT) network. These treaties help businesses and individuals avoid being taxed twice on the same income while providing greater certainty for cross-border investments and international operations.

In addition to condominiums or homes, open-ended real estate funds offer the opportunity to invest money in real estate. Private investors buy fund units and are thus owners of a real estate portfolio.

The first-time Double Tax Treaty (DTT) between the Republic of Cyprus and The Kingdom of The Netherlands, signed on 1 June 2021, came into force on 30 June 2023 and its provisions are applicable as from 1 January 2024 onwards.

The Cyprus Parliament has approved on 18 February 2021 an amendment to the Prevention and Suppression of Money Laundering and Terrorist Financing Law 188 (I) 2017 (the "AML Law"),...

Earlier this year the Cyprus Tax Department announced that the so-called minimum margin scheme, under which a deemed margin is imputed on "back to back" intra-group loans for the purposes of assessing taxable income...

Currently the Eighth Schedule of the Cyprus VAT Law exempts the supply of land from VAT.

It should be noted at the outset that this chapter refers only to the part of Cyprus controlled by the government of the Republic of Cyprus...

The period of perestroika in Russia coincided with the introduction of the Cyprus International Trusts Law 1992, which gave Cyprus a ‘state of the art’ international trusts regime, with excellent tax mitigation and asset protection features, and the additional benefit of circumventing any forced heirship restrictions.

The EU Blue Card is a residence permit scheme designed to enable highly skilled non‑EU nationals to live and work in Cyprus, particularly in sectors experiencing a shortage of qualified professionals.

Offshore tax planning isn't as straightforward as it used to be.

The stable economy and banking system, as well as the minimal reliance on global markets supported and enhanced the standing of Cyprus throughout the downturn.