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A trust is a fiduciary relationship in which one party, known as a settlor (or trustor or grantor in the U.S.), gives another party, the trustee, the right to hold title to property or assets...

Recently there is widespread speculation that the UK non-domiciled regime is under active review by the UK's Treasury Department.

Cyprus has uniquely positioned itself as a tax jurisdiction of choice for individuals. Various positive aspects of Cyprus Income tax legislation are available to individuals seeking a flexible and attractive tax regime.

Cyprus has emerged as a premier destination for high-net-worth individuals (HNWIs), offering an enticing blend of financial benefits, strategic location, and exceptional quality of life.

Cyprus adopted the European Union Mergers Directive which allows the companies to engage into an approved reorganization scheme.

Third-country nationals seeking permanent residence in Cyprus through the expedited investment route apply under Regulation 6(2) of the Aliens and Immigration Regulations. The published policy remains the fourth revision effective from 2 May 2023, read together with the Migration Department's subsequent clarifications. Meeting the €300,000 investment threshold is only one part of eligibility; income, family, documentation and continuing compliance requirements also apply.

Bringing Cypriot Income Tax Law in line with the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations and within the framework of Action 13 of the BEPS action plan.

On 4 June 2021 the first-time Double Tax Treaty (DTT) between Cyprus and the Netherlands, which was signed on 1 June 2021, was ratified by Cyprus.

Individuals can now become tax resident in Cyprus under the 60-day rule even where another country also treats them as resident for the same year. The change, made by Law 244(I)/2025 amending the Income Tax Law, was published in the Official Gazette on 31 December 2025 and has applied since 1 January 2026.

We are pleased to share our 2020 guide on Cyprus Tax Facts and Figures.

The third-largest island in the Mediterranean, Cyprus is uniquely positioned at the crossroads of Europe, the Middle East, Africa and Asia.

Many people who have acquired, or who intend to acquire, an immovable property in the TRNC may consider earning some additional income from the letting of their property either for short term holiday lets or long term rentals.

On 17 January 2020 the Cyprus-Kazakhstan double tax treaty (the agreement) entered into force.

Elena Christodoulou of Elias Neocleous & Co provides an overview of how Cyprus tax resident individuals are taxed in Cyprus.

The Cypriot Minister of Foreign Affairs, Erato Kozakou Markoulli, and the Austrian Finance Minister, Andreas Schieder, have signed a Protocol recently amending the current Convention for the Avoidance of Double Taxation

An important element for the transition to the TFA Taxpayer Portal is the electronic address (e-mail) which is used for the update and communication with Users.

Highworth (Cyprus) Ltd, a trusted leader in financial services, proudly presents the Tax Facts of 2024.