This information note concerns the Amending (No. 2) Law of 2023 which amends the VAT Legislation and was published in the Official Gazette of the Republic of Cyprus on July 14, 2023.

The two most common ways to operate a business in Cyprus are as (a) self-employed or (b) through a limited liability company.

On 17 July 2020, an amending Income Tax Law (ITL) was voted by Parliament with respect to the tax treatment of intangible assets.

Moving your company to Cyprus can be a strategic decision for various reasons, such as favorable tax policies, access to the European market, and a business-friendly environment.

The Cyprus Digital Nomad Visa Scheme allows nationals from non-EU and non-EEA countries to work remotely across the European Union.

The amendment concerns paragraph 3 of Table C of Schedule Five on the basis of which, under conditions referred to in the said paragraph, it grants the right to main residence buyers to request the reduced rate of 5% instead of the standard 19% rate.

There are several reasons why German entrepreneurs may choose to move their company to Cyprus:

Following the issuance of a Decree by the Council of Ministers, the VAT Act was amended so that the zero VAT rate applies to two more supplies of basic items classified in specific tariff class codes...

There are two ways to close a Cyprus Company. The question that often arises is how a company can be dissolved or be "killed". We have the "strike-off" and the "liquidation" process.

In a meeting that took place on 2/5/2023, the Council of Ministers approved a Decree based on which the VAT Act is amended, for the zero rate to be imposed on supplies of certain basic. consumer goods

In view of the above, a company is governed by the Companies' Law Cap. 113

An amendment published in Cyprus' official Gazette on 20 August 2020 makes the following main changes to the Cyprus VAT law.

The New amending regulations of 2024 based on Article 30, were issued by the Council of Ministers, and after being submitted and approved by the House of Representatives were published ...

Law 97(Ι) of 2016, which was published in the official gazette on 23 September 2016, amends the Companies Law Cap 113 in order to transpose the EU Accounting Directive (2013/34/EU) into domestic law..

Foreign entrepreneurs choose the low tax jurisdiction of Cyprus as their tax residence under the non-domicile status.

Update in relation to the amending law (No. 3) of the VAT Law that entered into force on 21 July 2023.

An Italian watch supplier sells watches to a Cyprus Company, the Cyprus Company sells the watches to a Polish business customer.

We would like to remind you that base on the law provisions, the employers should at each month end pay the employee and also provide him/her with a pay slip showing the details of the amounts paid...

Advantages of Cypriot Companies...

On February 23, 2024, the amending Law No. 4982 of 2024 was published in the Official Gazette of the Republic, which amends the VAT Laws of 2000 until (No. 4) 2023.