LATEST NEWS

5% VAT for First Time Home Buyers: New Application Procedure
The Tax Department announced a New Application Procedure. As of May 27, 2024, the submission of the affirmation for a Reduced VAT Rate of 5%

GDPR: PERSONAL DATA PROTECTION – DOS & DON’TS, TIPS & TRICKS – Part 3
Welcome to the final part of our article series on Personal Data Protection. We’ve so far outlined the concept of Personal Data, the GDPR and

GDPR – DATA SUBJECT RIGHTS & LAWFUL BASES OF PROCESSING: Part 2
Data Subject Rights Pursuant to the GDPR, a Data Subject is afforded specific rights in relation to its Personal Data collected and processed by a

GDPR – PERSONAL DATA PROTECTION: Part 1
What is ‘Personal Data’? In a society where ‘information is power’, it is crucial for businesses to ensure the safe-keeping of personal data in relation

Redomiciliation out of Cyprus: What you need to know
Cyprus is one of the jurisdictions that allows the redomiciliation of Companies in and out of the country. A Company which is operating under the

New Cyprus Residency Permit (Blue Card) for Highly-Skilled Workers
The Cyprus Government is in the process of implementing the EU framework for ‘Blue Cards’. The Government recently announced a new draft legislation establishing the

Revised Strategy for Attracting Foreign Investment to Cyprus
The Minister of Finance announced on February 7th, 2024, the revision of the Strategy for attracting foreign businesses and talent to Cyprus. The revised Strategy

UBO Register: Extension of Deadline for the Submission of UBO Details and Refund of Penalties Paid
The Department of the Registrar of Companies announced the extension of the deadline for the submission of the Ultimate Beneficial Owner (UBO) details of all

Mrs. Marilia Paraschou Appointed to Cyprus Bar Association’s Business Immigration Committee
We’re thrilled to share that our Managing Director, Mrs. Marilia Paraschou, has been appointed to the Cyprus Bar Association’s Business Immigration Committee. This prestigious honor
