eur1 certificate

EUR1 Certificate

INTRODUCTION: A EUR1 certificate, also known as a Movement Certificate EUR.1, is a document that is used in international trade to certify that goods being exported from one country to another are eligible for preferential tariff treatment, such as lower tariffs, under the terms of a trade agreement between the two countries. It is proof…

Digital Nomad Visa Scheme Cyprus

Digital Nomad Visa Scheme Cyprus

With its Decision of October 15, 2021, the Council of Ministers approved the introduction of the The “Cyprus Digital Nomad Visa” Scheme allows nationals from non-EU and non-EEA countries, who can perform their work location-independently using telecommunications technology, to reside temporarily in Cyprus and work for an employer registered abroad or perform work through telecommunications…

Who and What is MiCA and Why is it necessary?

The Council presidency and the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal in late June 2022 which covers issuers of unbacked crypto-assets, and so-called “stablecoins”, as well as the trading venues and the wallets where crypto-assets are held. This regulatory framework will protect investors and preserve financial stability, while…

cyprus business strategy

Cyprus New Strategy for Attracting Businesses & Talents

The Council of Ministers approved on October 15th, 2021, the “Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus” and the implementation of the strategy commenced in January 2022.   The new Strategy will include the following: Transformation of the existing Fast Track Business Activation Mechanism into a Business Facilitation Unit…

company re-domiliciation

Company Re-Domiciliation

Introduction The establishment of a Cypriot Company has numerous advantages and uses, and with the correct and proper structure, it can offer to its shareholder(s) a comprehensive tax-efficient method to conduct business internationally. Cypriot Companies are governed under the Cyprus Company Law, Chapter 113 (“CAP 113”), law based on the UK Common Law principles, aligning…

why setup investment fund in cyprus

Why to setup Investment Fund in Cyprus

Introduction:   Cyprus has been one of the first EU member states to transpose the Alternative Investment Fund Managers Directive into national law, as a result it now offers an effective and flexible legislative framework for all types of Investment Funds. Furthermore, the smooth collaboration between the competent authorities and the service providers in the…