In light of the fast approaching deadline for the legal exit of Britain from the European Union, awe outline below key concerns for expatriates in Cyprus as well as what you can do to prepare for Brexit. Leaving the European Union will affect most UK nationals to varying degrees, but those living in or owning property in Cyprus will have specific concerns about their future. The Ministry of Interior of the Republic of Cyprus has issued a document underlying they ways that t

Introduction Law 97(Ι) of 2016, which was published in the official gazette on 23 September 2016, amends the Companies Law Cap 113 in order to comply with the EU Accounting Directive (2013/34/EU) and also results in amendments to the Auditors and Statutory Audits of Annual and Consolidated Accounts Laws of 2009 and 2013 regarding the new management report. One of the most substantial changes is the abolition of the exemption from producing consolidated financial statements th

The Cyprus government has this month revised the requirements for the increasingly popular "Scheme for Naturalization of non-Cypriot investors by exception" whereby through a Euro 2 million investment in Cyprus, a non-Cypriot citizen can legitimately acquire a Cyprus passport for himself and his dependents thus reaping the benefits of European citizenship. The scheme’s immense success is due to various factors; the fact that it is the quickest procedure in Europe with one bei