Tax Reform · Defensive Measures · Cross-Border Structures Cyprus Low-Tax Jurisdictions List 2026 The Cyprus Low-Tax Jurisdictions List for 2026 has been published under Circular 1/2026, triggering defensive tax measures on dividends, interest, and royalties paid to associated entities in eleven named jurisdictions. What Cyprus companies and group structures need [...]
Tax Transparency · DAC8 · Crypto-Asset Reporting Cyprus Implements DAC8 The new tax transparency regime under Law 38(I)/2026 brings crypto-asset transactions, e-money, and high-net-worth individual rulings into automatic exchange of information. What service providers, financial institutions, and clients need to do now. Key Parameters at a Glance Regime: Mandatory due [...]
Regulatory · FDI Screening · Investment LawCyprus FDI Screening RegimeThe new mandatory pre-approval framework for foreign direct investments under Law 194(I)/2025, effective 2 April 2026. What non-EU investors and Cyprus-based businesses need to know.Key Parameters at a GlanceRegime: Mandatory prior notification and approval for qualifying foreign investmentsCompetent authority: Ministry of FinanceOwnership [...]
Digital On-boarding Initiative by Central Bank of Cyprus: A Step Towards Streamlining Banking Services On 19th October 2023, the Central Bank of Cyprus (CBC) launched a digital on-boarding project. Led by Governor Konstantinos Herodotou, this initiative aims to simplify customer identification for banks. It promises a swift, efficient customer service [...]
Policy Amendment for Registering Companies of Foreign Interests The Council of Ministers recently approved an amendment to the policy for registering companies of foreign interests through the Business Facilitation Unit (BFU). This policy pertains to the registration of companies in the Register of Foreign Interest Entities, which is currently [...]
Extension to the deadline for the payment of the 2022 annual company levy On 30 June 2022, the deadline for the payment of the 2022 annual company levy was extended from 30 June 2022 to 31 December 2022. Should the annual company levy be paid after 31 December 2022, the [...]
Reduction to the financial penalty for late submission of annual returns (Form HE32) relating to 2021 and 2022 On 9 June 2022, the Cyprus Companies Law was amended to reduce the maximum amount of the total financial penalty for late submission of annual returns relating to the years 2021 and 2022 [...]
Ultimate Beneficial Owner (UBO) Register in Cyprus Cyprus proceeded with the transposition of the 4th AML Directive (EU 2015/849) and started the implementation of the Ultimate Beneficial Owner (UBO) Register of Companies and other legal entities in Cyprus. Registrar of Companies (RoC) The competent authority for the maintenance of the central Register [...]
Professional License Fee by Cyprus Municipalities As from 2021, the Committee of the Union of Cyprus Municipalities decided on the adoption of a uniform policy for the imposition of the annual professional license fee to legal entities who carry on any business, trade or profession within each municipality’s limits. Legal [...]
Cyprus tax measures expected in 2021 On 22 October 2020, the Cyprus Council of Ministers announced certain tax measures to address aggressive tax planning. These measures follow Country Specific Recommendations (CSR) made to Cyprus by the European Commission. WHT to non-cooperative jurisdictions Currently, Cyprus does not impose any withholidng taxes [...]
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