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The provisions of the new IP Box regime, under some conditions, allow the companies that were benefiting from the old regime to continue to benefit until the end of June 2021.

The concept of the "Societas Europea", a European corporate form transcending national boundaries and common to all member states, was first proposed in the late 1960s. More than 30 years later, on 8 October 2001 the Council of the European Communities adopted Council Regulation No 2157/2001 on the statute for a European company and the supplementary Council Directive 2001/86/EC with regard to employee involvement.

Over the past few years the Department of Merchant Shipping (DMS) has issued a number of orders and circulars informing owners, operators and managers of ships flying the Cyprus flag...

Cyprus has introduced a Foreign Direct Investment screening framework that adds a new layer of regulatory oversight to cross-border transactions in strategic sectors. The regime extends beyond immediate investing entities to examine ultimate ownership structures, meaning EU-incorporated subsidiaries may still trigger notification requirements if third-country control exists higher in the corporate chain.

The government recently announced its decision to invite tenders for the digitisation of court procedures in all districts of Cyprus, with the dual objectives of streamlining the management of the court system and providing court users with new functionality and better information.

Although approximately 90% of the actions filed in the Cyprus courts are resolved without a trial, there are still long delays in hearing cases.

Agriculture Minister, Costas Kadis has had a busy week; on 6 November he announced a package of assistance measures for farmers impacted by the Covid 19 pandemic...

The Deputy Ministry of Shipping recently announced that the International Convention for the Control and Management of Ships' Ballast Water and Sediments ...

An article authored by Elias Neocleous, Managing Partner at Elias Neocleous & Co LLC, and recently published in Phileleftheros, discusses the challenges presented...

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

On 7 September the Tax Department announced further steps in its programme to improve efficiency and speed communication with taxpayers.

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

With the world currently in a state of flux due to the Covid 19 pandemic and a seemingly never-ending parade of new legislation and regulation it can sometimes be difficult for the private client to...

A double taxation agreement between Cyprus and the Federal Democratic Republic of Ethiopia was signed on 30 December 2015 and published in the Official Gazette of the Republic of Cyprus on 18 January 2016.

The Income Tax (Amendment) (No 2) Law 2016 (135(I)/2016) introduces new tax relief for investors in qualifying small and medium-sized innovative enterprises.

On January 8, 2020, within the framework of actions to boost entrepreneurship and innovation, the Council of Ministers approved a bill amending the Income Tax Law.

Our managing partner, Elias Neocleous, held an interview with Sofia and discussed whether humans and robots can co-exist, and even be friends.

In June 2019, the Council of Ministers of Cyprus, approved the National Strategy for Decentralized Technologies-Blockchain.