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Amendments to the Cyprus “citizenship by investment” programme

November 1, 2016 8:40 am

The Cyprus Citizenship by Investment Programme was recently been amended to attract more individuals wishing to obtain a European Passport. This change has been made in an effort to accelerate growth and attract foreign investment in Cyprus. The change as to the Investment The minimum investment requirement has been reduced to €2 million. Previously the […]

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Cyprus Tax Legislation

September 23, 2016 11:04 am

Cyprus Tax Legislation: New Non-Domiciled Regulations & Notional Interest Deduction New and beneficial amendments have been made to the Cyprus tax legislation, further promoting the country’s beneficial tax regime. The following tax alterations were made on 17 July 2015: The Income Tax Law No 118(I) of 2002 The Capital Gains Tax Law No. 119(I) of […]

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Alterations to the legislation concerning collective investment schemes

September 8, 2016 1:42 pm

The Cyprus Securities and Exchange Commission recently announced at a conference on the 9th of May, its intentions and plans to make alterations to the legislation concerning collective investment schemes so as to enhance the investment fund sector. The Cyprus Securities and Exchange Commission plans to modify the Alternative Investment Funds (AIF) Law by implementing […]

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Cyprus & Bahrain DTAA Entry into Force

September 8, 2016 1:41 pm

On 9 March 2015, Cyprus and Bahrain signed a Double Tax Avoidance Agreement (DTAA), which came into force on 28 April 2016, after both parties completed the ratification processes. The provisions stated in the DTAA concern the tax years starting on and after 1 January 2017 as well as taxations suspended at source or after […]

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