NEWS & LEGAL UPDATES

Amendment to the law of reduced VAT rate on permanent residences

The House of Representatives recently amended the Value Added Tax Law 119(I) of 2016 which allowed for a reduced VAT rate of 5% levied on...

EU Sanctions Debrief - 11th -13th Packages

The European Union (EU) continues to adopt further packages of economic sanctions against Russia due to the continuance of its military...

Navigating the EU sanctions - a debrief of the 6-10th packages

Sanctions adopted following Russia’s military aggression against Ukraine. In reaction to Russia’s military intervention against Ukraine...

EU SANCTIONS

Sanctions adopted following Russia’s military aggression against Ukraine. In reaction to Russia’s military intervention against Ukraine...

''The novel registration of Crypto-Assets Service Providers in Cyprus'' published on LEGAL 500.

Click on the link below to read our Article on Crypto-Assets Service Providers on LEGAL 500: https://www.legal500.com/developments/though...

Registrar of Companies Announcement for the extension of the Annual Levy Payment

The Department of Registrar of Companies in Cyprus announced on the 27th of December 2021 that, based on the decree published by the...

UK businesses operating under the Temporary Permission Regime: A CySEC Policy Statement

The 187-04 Directive amendment On the 14th of December 2021, the Cyprus Securities and Exchange Commission (‘’CySEC’’) has issued a...

New incentives for Companies setting up and operating in the Republic of Cyprus

On 15 October 2021, the Ministry of Finance announced new incentives in the form of an action plan for the purpose of encouraging more...

DAC6: New mandatory disclosure regime for Intermediaries and their clients

The Directive (EU) 2018/822, also called DAC6, represents the 6th modification of the Directive 2011/16/EU on Administrative Cooperation...

Cyprus as the ideal headquartering location: Key drivers & the Fast-Track Business Activation

In an era of global business, with distributed work forces, shifting employee preferences and hiring trends, businesses around the world...