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As per this announcement, amendments to the current Cyprus Intellectual Property tax regime will be promoted, so that a new IP tax regime is introduced as from 1st July 2016.

Cyprus is an appealing European jurisdiction, located in the eastern Mediterranean Sea offering a warm climate, attractive beaches and the perfect balance of cosmopolitan living and rural villages.

In this article, Savvas Savvides answers some frequently asked questions about the issue of tax residence in Cyprus.

Cyprus has become a destination of choice for High-Net-Worth Individuals (HNWIs) and family offices due to several reasons, including a highly favourable tax system...

Cyprus's 2026 tax reform introduces a 10% charge on disguised dividends, targeting previously informal arrangements where shareholders use company assets for private purposes. The charge applies to the full market value of assets like company cars and properties, creating significant tax exposure for owner-managed businesses that were previously operating under unreported arrangements.

It is a recognised principle that wealth-creating assets may well rest on Intellectual Property (IP) rights, as all companies have them, but few exploit them to their fullest extent. IP rights derive from the legal system and include registered rights, trade marks, etc.

The new double taxation agreement (DTA) between Cyprus and Luxembourg, which was signed on May 8, 2017, entered into force on May 21, 2018, following completion of both countries' domestic ratification procedures.

A non-dom is someone who lives in a country but does not have the same domicile as that country. Once an individual is born in a particular country they automatically become domiciled in that country...

As an EU member state, Cyprus offers a pleasant climate, adequate infrastructure and a convenient geographical location. There are two main airports which provide frequent flights to most European cities...

The tax reform that came into effect in January exemplifies how legal change can simplify, clarify, and enhance certainty without fundamentally altering the system. The reform addressed key areas where uncertainty had previously existed, particularly in relation to corporate tax treatment and compliance expectations, providing clarity on grey areas that could create doubt for companies operating on the island. Rather than overhauling the entire tax system, the reform focuses on certainty and reliability.

As Cyprus continues to attract global investors and professionals seeking a stable and vibrant European base, the Cyprus Permanent Residency Program remains a cornerstone for those looking to establish a foothold in the Mediterranean.

Technology and innovation are the future and the Republic of Cyprus has been taking positive steps to ensure that it will be at the forefront in these areas.

Cyprus has fundamentally changed how it taxes outbound dividends, interest, and royalties paid to associated companies. Depending on where the receiving shareholder is located, the same payment can now attract 0%, 5%, or 17% withholding tax—or trigger a complete denial of the deduction. Most international groups have not yet reviewed their ownership structures against these new rules, which took effect on 1 January 2026 and apply automatically based on the recipient's jurisdiction.

A Convention, for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, has been concluded between Cyprus and Latvia on 24 May 2016.

1.What are the Companies Tax rates and personal income tax rates in Cyprus?

Over the years, and especially since the emergence of the global financial crisis, the challenges for the lawyer or accountant dealing with international tax planning have increased substantially.