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IP-intensive companies and R&D activities are key drivers of growth and employment globally. To attract such companies in Cyprus, on October 2016, the Cypriot laws governing the application of the Cypriot intellectual property regime (the IP box regime) have been modernised and amended
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Non-domiciled Cyprus tax resident individuals may be exempt from taxation in Cyprus on their worldwide income from dividends, capital gains, interest and rent (foreign taxes may apply). In light of the shifting international tax landscape and the challenges ahead, businesses and HNWI are focusing on streamlining their operations, asset base and tax residency, cautiously considering […]
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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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