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Updates
Cyprus Investment Program
On 18th August 2020, the long awaited regulations governing the Cyprus Investment Programme have been published in the official Gazette. Although the main financial qualification criteria remain the same, the following changes have now been implemented: 1)    The minimum contributions to local (pre-determined) charitable organisations and innovation institutions have increased from EUR150.000 to EUR200.000 in...
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The Cyprus Tax Department has announced that the date of submission of the 2019 Income Return for: (a) employees and pensioners (IR1) and (b) self-employed individuals whose turnover does not exceed €70,000 (IR1 self-employed), as well as the payment of the payable tax, is extended until October 30, 2020.   It is clarified that the...
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As the situation with COVID-19 is evolving rapidly, please be informed that Fidescorp remains operational and continue to serve our clients and assist them in this difficult period. Our priority is to keep our people as well as your people safe so we have taken a number of measures to reflect the developing circumstances: •...
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In light of the shifting international tax landscape and the challenges raised, businesses and HNWI are focusing on streamlining their operations, asset base and tax residency, cautiously considering the jurisdictions that offer them the most optimized and efficient status.
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Cyprus Citizenship by Investment
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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