LATEST NEWS

UBO register: What is changing?
With the increasing need for transparency through Anti-Money Laundering (AML) regulation, the Law on the Prevention and Combating of Money Laundering (Amending) Law of 2021

Mergers and Acquisitions
Cyprus constitutes a popular destination for mergers and acquisition transactions; these can be local, between Cyprus entities, or at a cross-border, EU level.

Fast-Track Activation Mechanism: Great Demand in the first few months
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

Buying your first home in Cyprus? Reduced VAT coefficient of 5%
Individuals and families looking to acquire real estate in Cyprus may benefit from the reduced VAT scheme currently in place for first-time home buyers. Cyprus

Rental Agreements & COVID-19: New Decree by the Minister of Health, 15 January 2021
The payment of rent, especially on commercial premises for businesses forced to suspend their operations, has been an issue of great discussion and controversy in

What is Pink Slip?
Pink Slip is a temporary residence permit for Non-EU citizens, visitors and students wishing to stay in Cyprus for more than 90 days. The Pink

Brexit and UK Nationals
The United Kingdom is now officially outside the EU. Due to Brexit, there are some changes for UK nationals who already reside in Cyprus or

Filing of Sales / Donations / Mortgage Declarations December 2020
The Department of Lands and Surveys announced that due to new COVID-19 virus and the very serious epidemiological picture in Cyprus, all requests and applications

New Exit Tax Rules in Germany: Implementation of the Anti-Tax Avoidance Directive
The German Federal Ministry of Finance has recently published a draft bill implementing the Anti-Tax Avoidance Directive (ATAD) into German law (source: Mondaq, https://www.mondaq.com/germany/tax-authorities/884466/drastic-tightening-of-exit-tax-planned-draft-of-atad-implementation-act). Under