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On November 30, 2023, Cyprus took a major step towards attracting and retaining highly skilled individuals in the technology sector. Amendments to the Civil Registry Law aim to modernize the naturalization process, making it easier for tech professionals and their families to become Cypriot citizens. It is important to note that the bill is pending...
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In a recent development announced through the official government gazette on December 19, 2023, the Republic of Cyprus has implemented a fresh set of regulations governing the naturalisation of third-country nationals. The key criteria are outlined below: Key Changes in the New Criteria for Naturalisation Residency in the Republic: Applicants must demonstrate legal and continuous...
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As of 1st January 2024, the following changes regarding employment in the Republic of Cyprus: Social insurance contribution and maximum amount of insurable earnings: In accordance with the Cyprus Social Insurance Law of 59(I)/2010, as amended, the contribution rates to the Social Insurance Fund will increase as follows, effective 1st January 2024: In the case...
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Our Managing Director Savvas Poyiadjis comments on the Cyprus residency program Read Article
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Cyprus Tax Alert❗ The deadline for the electronic submission of the income tax return for the tax year 2021, for companies and self-employed persons whose turnover exceeds the amount of €70,000 and have the obligation to prepare audited accounts, is on 31st March 2023. Our team is at your disposal to assist with the submission...
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The tax Department has recently announced the commencement of the implementation of Tax For All (TFA) online platform. TFA will be developed in three stages. The first stage relates to Value Added Tax (VAT) and is expected to be released by end of March 2023. The second and third stages, which will handle direct and...
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