The introduction in 2015 of the concept of domicile in the tax system and the resulting special regime for persons not domiciled in Cyprus, commonly known as “Non-Dom” regime, is perceived as one of the most important provisions introduced in...
On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from employment exercised in the Republic”.
On 11 July 2024, the Cyprus Parliament approved the draft legislation for the implementation of the EU Blue Card Scheme. The EU Blue Card offers a significant opportunity for...
On 22 March 2024, the Ministry of Interior announced further clarifications regarding the amended provisions of the Civil Registry Law regarding naturalisation.
On 30 November 2023, the Cyprus Parliament approved an amendment of the Civil Registry Law , modernising the current legal framework and relaxing the requirements and criteria for naturalisation of foreign nationals...
As from 1 January 2024, the Social Insurance Contribution rates for each of the employer and the employee are increased by 0,5% and for self-employed individuals by 1%.
On 22 June 2023 the Cyprus Parliament approved further amendments to the Income Tax Law in relation to this incentive.
To address some shortfalls of the Programme, important amendments were introduced with effect on 2 May 2023. These amendments are...
