Cyprus

Transfer of Undertakings or Businesses: Safeguarding Employees’ Rights

As of July 2000, the rights of the employees in Cyprus in cases of transfer of undertakings, businesses or part thereof, are safeguarded and regulated by ‘the Safeguarding and Protection of Employees Rights in the Event of the Transfer of Undertakings, Businesses or Parts Thereof Law (104(I)/2000)’ (the «Law»). The Law applies to the transfer […]

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New Criteria: Cyprus Permanent Residency by Investment

Cyprus, Residency / Georgia Anastasi

As of 02/05/2023, the criteria to obtain a Permanent Residency by Investment in Cyprus have been revised and updated. These changes are part of the Government’s wider revision of the country’s immigration policies. Minimum Investment Required The minimum investment remains unchanged at €300,000 in property or in a company based in Cyprus employing at least

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Why Israeli Businesses Choose Cyprus.

Cyprus, International / Marilia Paraschou

Our team has on several occasions advised and assisted Israeli Companies to set up in Cyprus, from choosing the right business vehicle, to ensuring compliance with tax and ongoing compliance obligations and relocating employees and key team members.

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Non-Dom Status

Cyprus, Taxes / Georgia Anastasi

What is the Non-Dom Status? And why is it so popular? The Cyprus Government introduced the Non-Domiciled, or ‘Non-Dom’ status to make Cyprus more attractive to foreign investors, by granting them significant tax benefits. Individuals who become Cyprus Tax Residents (either under the 183-Day or the 60-Day Rule) and moved their tax residency to Cyprus

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60/183 Days: Becoming a Cyprus Tax Resident

Cyprus, Taxes / Georgia Anastasi

How does one become a Cyprus tax resident? An individual who spends 183 or more days in Cyprus during any given tax (i.e. calendar) year is considered a Cyprus Tax Resident. This is often referred to as the ‘183-day’ rule. As an exception to this rule, the ‘60-day’ rule provides that an individual is considered

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Legal Update: Advising Israeli Start-up on Relocation of Key Employees to Cyprus

Cyprus, Legal / Georgia Anastasi

Our team has successfully advised one of Israel’s most promising start ups on establishing a presence in Cyprus and relocating key team members from Russia and Israel to Cyprus. Our client, a prominent start up in the sports education field, was looking for options for relocation of some of its key employees, who are Russian

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Transfer of Undertakings or Businesses: Safeguarding Employees’ Rights

New Criteria: Cyprus Permanent Residency by Investment

Why Israeli Businesses Choose Cyprus.

Non-Dom Status

60/183 Days: Becoming a Cyprus Tax Resident

Legal Update: Advising Israeli Start-up on Relocation of Key Employees to Cyprus

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