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…
Introduction Upon the entering of Cyprus in the European Union (EU) in 2004, insurance and reinsurance brokerage in Cyprus has been a thriving industry that offers a wide range of services to both local and international clients. It is convenient to say that today the Cyprus insurance and reinsurance brokerage sector is highly competitive, and…
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…
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…
A trademark is a part of a Company’s brand and it is the embodiment of a Company’s reputation. The trademark registration has been proved in many cases vital, concerning the protection of a brand. Several brands have lost their trademark, because of their failure to secure it from the very beginning. In general, Trademark protection…
For many years Cyprus has been a popular destination for Lebanese investors who are seeking to pursue business opportunities and/or set up a second home for their families due to the geographical and cultural proximity of Lebanon and Cyprus, as well as the island’s popularity as a close-to home safe getaway. Due to the constant…
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…
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…
The Non-Habitual Residence (NHR) Programme The Portuguese NHR program was recently (2020) updated in an effort to starch foreigners to Portugal. Successful applicants of NHR can be enjoy decreased income tax on particular foreign income for 10 years. Eligibility for the NHR requires that applicants: * Are existing taxpayers but have not been tax residents…
IntroductionAn Investment Fund can be defined as a collective investment undertaking raising external capital from a number of investors with a view and purpose of investing it in accordance with a defined investment policy for the benefit of those investors.Procedure Initially the establishment and incorporation of a Cyprus company is required in order to obtain…