Cyprus’s real estate market is thriving, with apartment prices in key regions showing remarkable growth over the past decade. The recovery from the financial crisis of the early 2010s has strengthened, supported by steady demand from both local buyers and overseas investors. Property values continue to climb, reflecting a vibrant market with significant long-term potential. […]
The Intellectual Property (“IP Box”) regime in Cyprus offers one of the most attractive frameworks in Europe for companies and individuals seeking to monetize its intellectual property rights. Under this regime, qualifying IP assets — such as patents, software, and other copyrighted innovations — benefit from significant tax advantages through an 80% exemption on qualifying […]
The Cypriot government abolished the €350 annual levy on February 21st, 2024. This government fee was paid by all registered businesses to the Registrar of Companies in Cyprus. The move to cancel it is a part of a larger €60 million support package to stimulate the Cypriot economy. Originally introduced in 2011 during fiscal consolidation […]
Cyprus’ tax incentives for foreign technology companies have proven successful, with around 7,000 work permits issued as of September 2022 to highly skilled individuals of tech companies who moved their business operations to Cyprus. The tax incentives have attracted foreign technology firms from all of the world and significantly contributed to the growth of the […]
After a few contentious weeks of negotiations, Cyprus and Russia have reached a final agreement on their amended double tax treaty. Russia plans to introduce a 15 percent fee on dividends paid to Russian-owned parent companies in Cyprus in order to ease the pain caused by COVID-19 pandemics and cope with the current decline in […]
