Cyprus Company Incorporation and Business News

Latest Tax Incentive for Repatriation of Cypriot Professionals As part of the Cyprus government’s “Minds in Cyprus” initiative, a new Cyprus tax incentive for professionals returning to Cyprus came into effect on 6 March 2026. The measure is designed to encourage skilled Cypriot professionals currently living and working abroad to relocate to Cyprus and contribute

Cyprus Tax Reform Updates Introduction On 22 December 2025, the Cyprus Parliament approved a major package of tax reforms, representing the most significant update to the Cyprus tax system in over twenty years. The reforms introduce a series of targeted changes to modernise Cyprus’ tax framework, strengthen compliance as well as enforcement, align the system

Cyprus Talent Repatriation Action Plan Cyprus Announces New Tax Incentives to Encourage Expats to Return Home The President of the Republic of Cyprus, Mr Nikos Christodoulides, recently unveiled a number of new tax incentives designed to encourage skilled Cypriots who are living and working abroad to return to Cyprus.  The goal is to reverse Cyprus’ “brain

Cyprus Tax Reform Introduction The Cyprus Government has announced a series of comprehensive tax reform proposals to strengthen Cyprus’ tax base whilst retaining tax incentives in accordance with the global tax initiatives put forward by the OECD BEPS Actions and the UN International Tax Framework Convention. The proposed tax reforms, presented by the Economic Research

Cyprus Digital Nomad Visa Scheme – Latest Update Cyprus Re-Opens the Digital Nomad Visa Applications  Further to our article on the Cyprus Digital Nomad Visa Scheme the Cyprus Migration Department has officially announced the re-opening of applications for individuals interested in the Cyprus Digital Nomad Visa Scheme. The Cyprus Digital Nomad Visa Scheme permits individuals

Cyprus Ultimate Beneficial Owners Register – Latest Update The Cyprus Registrar of Companies has announced that all Cyprus registered entities are obligated to verify the particulars of their (UBOs) in the Beneficial Owners Register by 31st December 2024, in order to comply with regulatory requirements. This verification process is applicable to companies incorporated / registered

What is the Cyprus Digital Nomad Visa Scheme? The Cyprus Digital Nomad Visa Scheme is an appealing scheme for citizens from non-EU and non-EEA countries to conduct their work remotely while enjoying the many advantages of living in Cyprus. A digital nomad is a person who works for companies registered abroad and performs his/her job

Abolition of the Annual Levy for Companies in Cyprus One of the targeted supportive measures recently announced by the Government of Cyprus is the abolition of the annual levy on companies. The abolition of the mandatory annual levy of €350, that was payable by all companies registered at the Cyprus Registrar of Companies, is applicable

Cyprus has Issued New Tax Circular for Tax Residency in Cyprus March 2017 The Cyprus Tax Authority’s new tax circular on the issuing of Tax Residency Certificates is expected to increase the demand and interest of investors and other parties for tax residency in Cyprus, Cyprus company formations and investments in Cyprus. The circular, which

Piraeus Bank Cyprus Changed its Name and Brand to AstroBank March 2017 Piraeus Bank Cyprus, at a special event held on 29 March 2017 and in the presence of Minister of Finance Harris Georgiades, unveiled its new name and brand ……AstroBank. Piraeus Bank Cyprus was acquired last December by new international investors led by Mr.