Posts Tagged ‘Relocation’

Cyprus Parliament Approves EU Blue Card Legislation

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...

Application for Cyprus Citizenship Based on New Provisions

On 22 March 2024, the Ministry of Interior announced further clarifications regarding the amended provisions of the Civil Registry Law regarding naturalisation.

Cyprus Citizenship – Special Provisions for Highly Skilled and Qualified Individuals

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...

Changes in Employment Contributions for 2024

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%.

Important Amendments on 50% Income Tax Exemption

On 22 June 2023 the Cyprus Parliament approved further amendments to the Income Tax Law in relation to this incentive.

Amendments to the Cyprus Permanent Residence Permit Programme

To address some shortfalls of the Programme, important amendments were introduced with effect on 2 May 2023. These amendments are...

Foreign Interest Companies – Important Amendment

On 30 November 2022, the Council of Ministers approved the Amendment of the Policy for the Registration of Companies in the Register of Foreign Interest Companies. The decision entered into force on 12 December 2022.

Income Tax exemptions for Persons who Move to Cyprus for Employment - Clarifications by Tax Department

On 1 November 2022 the Cyprus Tax Department issued Tax Circular 10 of 2022, providing clarifications and examples on how the exemptions are applied in practice.

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