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 »
Thinking of having an AirBnB business in Cyprus? As regards the licensing and operation of AirBnB properties in Cyprus and other short-term rental properties, the Deputy Ministry of Tourism now developing a new platform to the used by interested parties wishing to obtain the necessary license and operate such as a business in Cyprus. The
Short-Term Rentals Cyprus Read More »
According to the latest figures announced by the Cyprus Government, the newly-introduced Fast-Track Business Activation Mechanism has been very successful and has attracted great interest from both new and established businesses. This mechanism has already been used by many prominent companies to set up operations in Cyprus and demand has exceeded all expectations. The success
Fast-Track Activation Mechanism: Great Demand in the first few months Read More »
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