Initial Coin Offering is a relatively new phenomenon that has quickly become the main player in the Financial Services and Crowdfunding industries, as well as being the key subject of discussion...

The enactment of the Alternative Investment Funds Law of 2014 ("AIF Law") marked the beginning of a new era and strong opportunities for Cyprus in the fund industry.

On the 13th of March 2012, the Cyprus VAT Authority has launched a scheme making Cyprus one of the most attractive EU jurisdictions for yacht registration.

As of 1st January 2015, supplies of telecommunications, broadcasting and electronically supplied services by suppliers located in the EU to private consumers and non-taxable customers...

On 23 July 2021, the Commissioner of Tax under the powers granted to him by the law, issued a decree relating to the settlement of overdue taxes. The decree refers to the process, years of applicability and relevant reliefs to be provided.

Examines the right of a holding company to deduct input VAT on services acquired in the interest of its subsidiaries where those services are offered to its subsidiaries with no consideration.

The Court examined whether the 3 conditions in order for the European Union to incur non-contractual liability were satisfied.

On the 12th of March 2021, the Registrar of Companies and Official Receiver (the "Registrar") pursuant to Article 61A of the Prevention and Suppression of Money Laundering and Terrorist Financing...

In an effort to accelerate growth and attract foreign investment, the Government of Cyprus proposed a major tax reform.

As it is known already, the Russian Federation has sent an official notification to the Republic of Cyprus asking for the renegotiation of the Double Tax Treaty (DTT) agreement between the two countries.

As per the provisions of the Directive, each company / legal entity, MUST declare its ultimate beneficial owners, physical persons, holding more than 25% of beneficial interest in the company

The recent decision of the Supreme Court in Limnatitis and others dated 08/06/2021 highlighted, once again, the importance of registering a contract for sale of immovable property in the Lands Registry.

The freedom of establishment, one of the fundamental principles of Union law, allows for the mobility of businesses within the EU.

The legal framework governing trusts in Cyprus is based on The Trustees Law, Cap. 193, ("The Trustees Law"), which is largely based on the English Trustee Act of 1925 and on The International Trusts Law...

It is expected that CySEC will publish relevant directives in due course with the relevant requirements and information on the Register.

On the 25th of June 2021, the Cyprus Securities and Exchange Commission ("CySEC") published the Directive on the Register of Cryptoasset Service Providers ("the Directive").

ICOs have become an increasingly popular method of fundraising for start-ups and other companies with the intention to fund innovative projects based on Blockchain technology

The below mentioned comments relate only to companies which are tax residents of Cyprus and refer to the worldwide income these companies may have.

It has now become crucial that actual substance is infused into the operations of international business Companies in order to safeguard their tax residency.

With this publication we outline the main provisions of the Taxation Laws in relation to the tax treatment of interest income and interest expense and we elaborate on the various financing schemes available.