Cyprus to join Schengen information system

Cyprus will be joining the Schengen Information System on July 25th, 2023 after having been positively assessed and following decades of efforts. This means that Cyprus will be able to exchange information with other member states, enhancing its ability to prevent and investigate crime. It will also make it easier for Cyprus to manage and…

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Cyprus- an attractive destination for international headquarters

Cyprus is the European Union’s fastest-growing technology hub. Not only tech companies benefit from Cyprus’s business and lifestyle advantages. Many international companies that do business in Cyprus, the Eastern Mediterranean region, or globally consider Cyprus to be a stronghold. A growing number of international corporations are choosing Cyprus as their regional or global headquarters. Cyprus…

Suspension of UBO Registry Cyprus

Suspension of UBO Registry Cyprus

The Court of Justice of the European Union’s (CJEU) decision in the related cases C-37/20 and C-601/20 on 22nd November 2022, prompted the Registrar of Companies to make the following announcement on 28th November 2022, which states that access to the Register of Beneficial Owners will no longer be open to the public as of…

CYPRUS DIGITAL NOMAD VISA SCHEME

Cyprus Digital Nomad Visa Scheme

With its Decision of 15th October 2021, the Council of Ministers approved the introduction of the Digital Nomad Visa Scheme in Cyprus, with a ceiling of 100 residence permits to be issued. WHAT IS THE “CYPRUS DIGITAL NOMAD VISA The “Cyprus Digital Nomad Visa” Scheme allows nationals from non-EU and non-EEA countries, who can perform…

CYPRUS IP BOX REGIME

What is IP Box Regime? IP Box Regime (known also as a patent box, innovation box or IP box) is a corporate tax regime used by many countries to incentivize research and development activities by taxing revenues deriving from licenses, royalties, patents, sale or transfer of qualified IP assets differently offering lower taxes compared to…

CYPRUS HOLDING COMPANIES

What are Holding Companies? In simple terms, Holding Companies are companies that do not offer a product of services but exist for the sole purpose of owning and controlling other companies via share majority; they are usually found within a Group of Companies as the Parent entity of the other Subsidiary companies. As such, their…