On the 25th of June, 2021 Cyprus Securities and Exchange Commission (“CySEC”) introduced the Directive (269/2021) in regard to the registry of service providers whose their business activities are related to Crypto currencies “Crypto-Asset Services Providers (“CASPS”)”, pursuant to section 2 of Article 61E of the Prevention and Suppression of Money Laundering and Terrorist Financing…
Details
Due to the constant political instability, the impact of COVID-19 and the economic downturn that Lebanon is facing, Lebanese Nationals, who wish to extend their stay and reside in Cyprus, can enter the Republic with a visitor visa and before the expiration of the 90 days to proceed with the application submission for a Cyprus Temporary…
Details
The Civil Registry and Migration Department announced that from 02/08/2021 the new versions of residence documents for EU Citizens and their family members are put into circulation. The new versions comply with the requirements of EU Regulation 2019/1157 of the European Parliament and of the Council of 20 June 2019, on strengthening the security of…
Details
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…
Details
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…
Details
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…
Details
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…
Details
A. INTRODUCTION The provisions of the EU Directive 2011/16 are amended with the introduction of the EU Directive 2018/822 on Administrative Cooperation (DAC), regarding the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements. This represents the 6th modification of DAC, and for this purpose it is referred…
Details
Cyprus Permanent Residency Permit (Fast Track): New amendments were announced on the 26th of March, 2021 by the Cyprus Government. The minimum investment amount remains the same 300,000 Euro + VAT (if applicable), but new investment options are now available. The investors are now provided with the option to invest not only in new residential…
Details
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…
Details