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Participation at the Beirut International Property Fair – Citizenship by Investment Conference

May 14, 2018

Fidescorp’s Managing Director, Savvas Poyiadjis was a panel speaker at the 2018 Beirut International Property Fair –

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GDPR is here to stay – Are you aware?

April 9, 2018

The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy.

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Cyprus – IMF predictions

April 9, 2018

In April 2018, the IMF issued a Concluding Statement after the second post-program monitoring mission, taking note of the rapid pace of Cyprus’ economic expansion, noting that the coutnry’s GDP is projected to grow by 4–4,25% during 2018 – 2019 underpinned by a pipeline of mainly foreign-funded, large construction projects,

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New Double Tax Treaty (DTT) between Cyprus and the United Kingdom

April 9, 2018

On 22nd of March 2018, Cyprus signed the new tax treaty with the UK which replaced the 1975 treaty between the two countries. The new treaty is based on the OECD Model Convention and its key provisions are the following:

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VAT on Immovable Property

February 21, 2018

Following the amendment of the VAT legislation with regards to the imposition of VAT on the sale of building land and immovable property leasing, the Cyprus Parliament and the Tax Department have released Regulations and Circulars clarifying the applicability of VAT imposition on non-developed land as well as on commercial rents taxation.

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