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As per the recent decision of the Council of Ministers, dated  the 13th of February 2019, the Cyprus Investment Program has been amended as follows: Amendments on the Financial Criteria In addition to the existing investment parameters, the applicant must have made the following donations:  €75.000 to the Cyprus Land Development Foundation; &  €75.000 to...
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Fidescorp’s Managing Director, Savvas Poyiadjis was a panel speaker at the 2018 Beirut International Property Fair –
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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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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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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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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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Following on from the September 2016 revision of the Cyprus Investment Scheme (CIS) program qualification criteria, the Cyprus government, following the recommendations of investcyprus.org (the government investment promotion agency) has taken a step towards establishing a “soft regulation” for the program’s stakeholders. 
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The Cyprus Investment Firms Law 144(I) 2007-2012 (the“Law”) provides the legal framework for the provision of investment services as well as for the registration, regulation of operations and supervision of Cypriot Investment Firms (CIF).
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On the 12th September 2016, the Cyprus Government through the Council of Ministers has revised the criteria for granting the Cypriot citizenship by investment, in an effort to further promote foreign direct investments in Cyprus and align the scheme with the most recent industry requirements and standards.
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he Fidescorp Tax Facts and Figures is an annual publication that provides an overview of the tax system in Cyprus, based on the current tax legislation and practice.
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