Naturalisation is the legal process that allows a foreign national to obtain Cypriot Citizenship once she or he has met the legal criteria. In Cyprus dual Citizenship is allowed as there is no restrictions under the Civil Registry Law 2002 neither by the Treaty concerning the establishment of the Republic of Cyprus 1960, which means…
Introduction Cyprus is an island in the Eastern Mediterranean, situated at the crossroads of three continents and civilizations and has been a member of the European Union since 2004 and adopted the euro in 2008. Cyprus’ strategic location has established it as a prominent business hub for worldwide organisations. The island is known for its…
Under the Withdrawal Agreement, the UK nationals and their family members who have exercised their right under the EU law to move and reside freely in the Republic, before the withdrawal date and/or until the end of the transitional period, have the right of residence, work and free movement and also have the possibility to continue…
Permanent Residence of UK Nationals and their family members in the Republic of Cyprus after Brexit. The Brexit Withdrawal Agreement sets out the terms of the UK’s withdrawal from the EU and provides for a deal on citizens’ rights. It sets out a transition period which lasts until 31 December 2020. During this time, British…
On 10 August 2020, Cyprus and Russia concluded the negotiations of a new protocol to amend the existing provisions of the Cyprus-Russia tax treaty. 15% WHT on dividend and interest payments According to the agreement reached, the existing withholding tax (WHT) rates on dividend and interest payments made from Russia to Cyprus will increase…
What is the importance of DAC6? In May 2018 the EU Council Directive 2018/822/EU has amended the Directive 2011/16 on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (hereinafter the “DAC6”). The DAC6 can be seen as a highly important amendment after the Common Reporting Standards (CRS),…
Currently, a business, organisation or individual that has protected its brand as an EUTM has exclusive rights to use and protect the brand across all EU member states, including the UK. The question facing many brands is whether their registered trade mark will continue to offer protection in the UK after Brexit. A few months…
In this dynamic environment where everything changing CYPRUS as full member of European Union and despite the financial crisis remains a safe and attractive destination for investments where investors can take advantage of the significant tax benefits that Cyprus offering to meet their global needs in an efficient and operating environment under the status of…
The common EU visa policy makes travelling to the European Union for tourism or business purposes easier. However, lengthy and cumbersome procedures can deter tourists from travelling to Europe, affecting the EU’s economy negatively. In addition, increased security concerns, challenges linked to migration and new opportunities deriving from technological developments call for an update of…
The European Commission issues Notices on the legal and practical implications of the..