One of the main considerations when expanding one’s business and choosing a headquartering base is connectivity to main markets but also lifestyle options for employees and key business executives. Cyprus is a popular headquartering option for businesses looking to expand into the EU. Relocating and moving Employees can be a challenge. We set out below […]
Moving Employees to Cyprus: Options Available Read More »
EU citizens wishing to remain in Cyprus for more than 90 days, should be aware of the requirement of obtaining a yellow slip. The Cyprus Yellow Slip is the Registration Certificate which enables EU citizens and their family members to remain and work in the country. The application for the Yellow Slip should be submitted
What is a Yellow Slip? Read More »
The Cyprus Ministry of Finance published this week (06/09/2021) the proposed draft of the Distributed Ledger Technology Bill for public consultation in both Greek and English. Interested parties may provide comments and suggestions on the draft legislation by the 08/10/2021. The bill includes the following: • Definitions for Distributed Ledger Technology and Cryptocurrencies. • Legal
Cryptoassets in Cyprus: New Draft Bill Read More »
The much-anticipated Directive on the Registration of Crypto-Asset Service Providers in Cyprus was published in the Official Gazette and entered into force in Cyprus. This follows the incorporation of crypto-asset businesses in EU AML legislation under the 5th EU AML Directive and the 5th AML Law in Cyprus. The Virtual Assets Services Providers that offer services from
Crypto-Asset Service Providers in Cyprus Read More »
Individuals wishing to move to Cyprus and become Cyprus tax residents have the opportunity to enjoy, for at least 17 years, a full exemption from withholding tax on worldwide dividend and interest income. Tax Residency for Individuals in Cyprus As per applicable tax rules, an individual who remains in Cyprus for more than 183 days
Moving to Cyprus? Tax Residency withholding Tax Exemption Read More »
The Law on the Encouragement of Long-Term Shareholder Engagement of 2021 (Law 111 (I)/2021) (the “Law”), which has come into effect on May 12th 2021, transposes Directive (EU) 2017/828 (the “Directive”) into Cyprus law. The Directive revises its predecessor, Directive (EU) 2007/36, and regulates the exercise of certain shareholder’s rights for listed companies, while it
Shareholders Rights Directive III: Now Coming into effect in Cyprus Read More »
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