Cyprus Company Incorporation

December 8, 2017

The procedures for a Cyprus company incorporation are fast and simple. The company can be incorporated in your absence and in a few days. Choose the name of your company and we will do the rest. All we need from you is a copy of your passport, a description of the main activities of the […]…


Cyprus EU Anti-Tax -Avoidance Directive Implementation

November 29, 2017

Cyprus EU Anti-Tax -Avoidance Directive Implementation: A Draft bill has recently been presented by the Cypriot Tax Department to amend the Cypriot tax laws in line with the provisions of the EU Anti -Tax Avoidance Directive (“ATAD”), which was approved by the EU Commission in 2016.  Input has been invited from the Tax Department from […]…


Cyprus Parliament Votes for VAT Imposition on Land Transactions

November 8, 2017

VAT imposition on land transactions has been imposed by an amendment to the legislation relating to VAT has been voted into law on the 3rd of November 2017 by the House of Representatives. More precisely this is about the imposition of VAT at 19% on land transactions for business purposes. This legislation will affect the […]…


EU Parliament Committee proposals for Panama Papers

October 27, 2017

The EU Parliament Committee of inquiry into the Panama Papers leaks expressed that some member states of the EU are obstructing the fight against money laundering, tax avoidance, and evasion.The Committee of Inquiry into Money Laundering, Tax Avoidance, and Tax Evasion (PANA) approved its final report. There has been regret expressed on behalf of MEPs […]…


First Double Tax Treaty between Cyprus and Luxembourg

October 13, 2017

Cyprus and Luxembourg sign the First Double Tax Treaty: Recently, Luxembourg and Cyprus signed their first double tax treaty with an aim to strengthen their economic and commercial relationship.Moreover, after the signing of the double tax treaty both Luxembourg and Cyprus also signed the multilateral convention to implement tax treaty related measures aimed at preventing […]…


New EU Framework Proposed for Foreign Direct Investments

September 23, 2017

New EU Framework Proposed for Foreign Direct Investments: A new framework has been proposed by the European Commission for the screening of Foreign Direct investment into the EU.The reasoning behind this proposal as expressed by the Commission President is mainly for collective security protection.  Foreign direct investments on European ground concerning utilisation of energy or […]…


The Fourth EU Anti Money Laundering Directive

September 7, 2017

Introduction: The fourth EU Anti Money Laundering Directive, (EU) No. 2015/849 (Directive) has entered into force since 26th June 2015. EU Member States had to implement the Directive by 26 June 2017 into national law. Nevertheless, Cyprus was not able to meet the deadline and the government had submitted a proposed bill to the parliament for […]…


New Sanctions for Tax Havens under consideration

August 16, 2017

New Sanctions under consideration by the EU New Sanctions for Tax Havens under consideration:  Introduction: In 2016 the European Council took the decision that an EU list of non-cooperative jurisdictions should be prepared in 2017. Moreover the evaluation process which is intended to be regular and continuous process, for third countries is set to be […]…