Οn February 26, 2025, the Government of Cyprus announced a comprehensive tax reform aimed at enhancing economic growth, promoting environmental sustainability, and simplifying the tax system. These reforms are designed to increase household disposable income, support business development, and align Cyprus with global tax standards. Key Highlights of the Tax Reform: Increase in Tax-Free Income...Read More

In 2012, Cyprus introduced a comprehensive legislative framework to regulate betting activities. The Betting Law 2012 updated pre-established rules and guidelines and introduced new ones. Perhaps one of the most significant changes introduced by the Gambling Law was to appoint the newly established National Betting Authority (NBA) as the supervisory authority over all gambling activities...Read More

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, No. 69(I)/92, (“The International Trusts Law”), enacted in July 1992 and amended with the International Trusts (Amending) Law, No. 20(I)/2012....Read More