Promotion of Technology Companies and Digital Transformation
Written by Petros Petrocostas on October 19, 2021
Newsletter, October 2021 The Republic of Cyprus, actively supporting the efforts to promote and create a business environment that encourages the operation and development of both technology and IT companies, as well as start-ups, has instructed the corresponding Ministries and Deputy Ministries to design a program aimed at economic and social development of the island, […]
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Προώθηση Εταρειών Τεχνολογίας και Ψηφιακός Μετασχηματισμός
Written by Petros Petrocostas on October 19, 2021
Ενημερωτικό, Οκτώβριος 2021 Η Κυπριακή Δημοκρατία στηρίζοντας έμπρακτα τις προσπάθειες για προώθηση και δημιουργία ενός επιχειρηματικού περιβάλλοντος που ενθαρρύνει τη λειτουργία και ανάπτυξη τόσο εταιρειών τεχνολογίας και πληροφορικής, όσο και νεοφυών επιχειρήσεων, έχει αναθέσει στα αρμόδια Υπουργεία και Υφυπουργεία, τον σχεδιασμό προγράμματος που στόχο θα έχει την οικονομική και κοινωνική ανάπτυξη του νησιού, μέσω της […]
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Οπτικοακουστική Βιομηχανία στην Κύπρο
Written by Petros Petrocostas on September 9, 2021
Οπτικοακουστική Βιομηχανία στην Κύπρο Ενημερωτικό, Ιούνιος 2021 Κύπρος…ο απόλυτος κινηματογραφικός προορισμός Τα τελευταία χρόνια η Κύπρος έχει καταρτίσει ένα ιδιαίτερα ελκυστικό σχέδιο με στόχο την προσέλκυση κινηματογραφικών παραγωγών για επενδύσεις οπτικοακουστικού προϊόντος. Τόσο τα οικονομικά οφέλη – όπως η παροχή συνδυασμού χορηγιών και φορολογικών κινήτρων – όσο και οι ομορφιές του νησιού δεν θα μπορούσαν […]
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Changes in the economic substance requirements for offshore jurisdictions – The example of BVI
Written by Petros Petrocostas on May 30, 2019
In addressing the concerns of the EU Code of Conduct Group for Business Taxation and OECD guidance around the economic substance of entities in low or no tax jurisdictions, a number of offshore jurisdictions, including the British Virgin Islands, Cayman Islands, Bermuda, Bahamas, Seychelles, Mauritius, Guernsey, Jersey and Isle of Man, enacted legislation requiring local […]
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Cyprus Yacht Leasing Scheme – An appealing VAT regime
Written by Petros Petrocostas on February 22, 2018
Whilst Cyprus has long been considered as a primary jurisdiction for registration of yachts in Europe, the amendment of the Cyprus Yacht Leasing Scheme (the “Scheme”) as this has been effected with the issuance by the Cyprus Tax Department of Circular 188 on 11th September 2014 is making Cyprus’ yacht Scheme being described as one […]
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Cyprus Tax Residency for Individuals (Update – July 2017)
Written by Petros Petrocostas on August 9, 2017
Please click on the below link to download the document Link to PDF
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Cyprus and India revised Double Tax Avoidance Agreement
Written by Petros Petrocostas on December 1, 2016
On November 18th 2016, Cyprus and India signed a revised double tax agreement to replace the one signed between the two countries back in 1994. The development is another welcome step for the business community as following the entry into force of the amending agreement, Cyprus will be retrospectively removed from the list of the […]
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The New Cyprus IP Box Regime
Written by Petros Petrocostas on November 14, 2016
On 14 October 2016, the House of Representatives enacted into law amendments to the Income Tax Law (ITL) which provide for: the gradual phase out of the current IP regime, and the introduction of a new IP regime that is fully aligned with the parameters of the relevant OECD recommendations of Action 5 plan on fighting […]
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