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With effect from 1 July 2011, companies, partnerships, and national or local government bodies which pay rentals to Cyprus-resident landlords are required to deduct SDC tax from rental payments and remit it to the tax authorities.

The Republic of Cyprus has introduced a fast track procedure allowing high net worth individuals to acquire a permanent residence permit on an accelerated basis.

Cyprus has made a number of important changes to its tax laws relating to the participation exemption, the taxation of mutual funds and the taxation of interest.

Article 3 (Exemptions) and Article 24 (Transparency Requirements) of Directive 2011/61/EU on Alternative Investment Fund Managers require AIFMs ...

Cyprus has made a number of important changes in its tax laws relating to the participation exemption, the taxation of mutual funds and the taxation of interest.

The Cyprus Securities and Exchange Commission ("CySEC") has recently issued guidance on what it considers to be significant Cyprus investment firms ("CIFs") for regulatory purposes.

The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) established a procedure for settling tax arrears by monthly instalments.

Alternative Investment Fund Manager Cyprus can offer specific advantages to non EU fund managers wishing to raise capital in Europe, as well as to develop a presence in the European market to benefit from ...

Cyprus IP regime is fully compliant with international developments in the tax treatment of IP income and OECD's guidance.

The Cyprus VAT Service has launched new guidelines on VAT payments applicable under the Yacht Leasing Scheme.

Reorganisations legislation was introduced into Cyprus tax law in 2003 to align it with the EU Mergers Directive (90/434/EEC).

The Cyprus Department of Merchant Shipping has recently issued a circular reminding shipmanagers of the arrangements for assessment and payment of their liabilities for 2008.

The Central Bank of Cyprus ("CBC") issued a circular (Ref. BS 6020) on 02/11/2018, with the purpose of clarifying and further explaining the vague information and definitions ...

The Central Bank of Cyprus ("CBC") has recently issued a Directive (Directive on Arrears Management of 2013) under section 41 of the Banking Laws of 1997 to 2013 regarding arrears management and restructuring of bank customers' debts.

Business relationships with such companies are to be avoided.