Cyprus Enacts KEDOSE Law, Marking a Milestone for Investment Fund Regulation.
The Cyprus House of Representatives has approved the Cyprus Collective Investment Undertakings Management Companies (KEDOSE) Law , a development hailed by the Cyprus Investment Funds Association (CIFA) as a transformative moment for the island’s investment funds sector. The legislation introduces a more robust framework for the management and oversight of investment fund managers, enhancing transparency […]
Business Support Center (BSC) – A One-stop-shop for all investors.
Finally, the Business Support Centre (BSC) started its operations on the 26 th of May 2025, as recently announced by the President of the Republic of Cyprus, Mr. Nikos Christodoulides. As emphasized by the President, BSC constitutes an important tool for facilitating business activity and enhancing the country’s competitiveness, with this significant step in an […]
Cyprus Notional Interest Deduction (NID)
Introduction to Notional Interest Deduction (NID) Legal Framework of NID • Cyprus tax-resident companies • Cyprus permanent establishments (PEs) of non-Cyprus tax residents Key Regulatory Approvals: • The EU Code of Conduct Group (Business Taxation) and ECOFIN assessed Cyprus’s NID regime as “not harmful” (November 2020). • Cyprus Tax Authorities (CTA) Circular 2016/10 provides further […]
Notice of Creditors’ Meeting from the liquidator of FBME Bank Limited (the “Branch”) in Cyprus
th Liquidator th Court Order th Agenda of the General Meeting: th LFA st Notice to Depositors and Creditors th proxy th creditorsmeeting@fbme.com th https://fbmeliquidation.com/creditors-meeting/cy/
Individual Residence for Tax purposes
Tax Residency for Individuals 60-day or 183-day rule The 183-Day Tax Residency Rule 183 days Cyprus tax resident The 60-Day Tax Residency Rule 183-day rule 60-day rule 2017 tax year How Does the Rule Apply? 60-day rule • Stay in Cyprus for at least 60 days; • Do not stay in another State for over […]
Overview of the Cyprus Non-Domicile (Non-Dom) Program
1. Introduction to the Cyprus Non-Dom Program • Overview: Launched in 2015, the Cyprus Non-Domicile (Non-Dom) Program offers unique and attractive tax incentives to individuals relocating to Cyprus while maintaining their non-domiciled status. This initiative aims to attract global talent, professionals, entrepreneurs, and high-net-worth individuals (HNWIs). • Objective: To foster economic growth by offering an […]
Confirmation of UBO Register (Republic of Cyprus)
The Department of Registrar of Companies and Intellectual Property (DRCIP) informs that all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited Liability Companies (SE), and all Partnerships (hereinafter referred to as “Organisations”) or their respective officers/partners are required to log into the Register of Ultimate Beneficial Owners (UBO Register) […]
Road map for acquisition of Real Estate in Cyprus
The present roadmap provides a clear and structured process for buying real estate. It outlines each step from initial property search to finalizing the purchase, ensuring that a buyer doesn’t overlook any critical aspects and follows appropriate below steps. 1. Due Diligence The roadmap emphasizes the importance of due diligence, including property inspections, valuation, and […]
Cyprus – An ideal destination of Tax Residency for HNWI
Cyprus has emerged as a premier destination for high-net-worth individuals (HNWIs), offering an enticing blend of financial benefits, strategic location, and exceptional quality of life. With its favorable tax regime, including zero tax on dividends and interest for non-domiciled residents, Cyprus provides significant tax savings. The absence of inheritance tax further enhances wealth preservation. Additionally, […]
Announcement for a second extension by the Liquidator of FBME Bank LTD
Announcement for a second extension of the deadline for the submission of proof of debt claims by the depositors and creditors of FBME Bank Ltd in Cyprus (the “Branch”) with registration no. AE1830 – in liquidation. Mr. Petros Ioannides, who has been appointed as liquidator (the “ Liquidator ”) of the branch of FBME Bank […]