In an attempt to enhance the efficiency of tax policies in Cyprus, on February 26th of 2025, the President of the Republic of Cyprus, in cooperation with the Economic Research Centre of the University of Cyprus, presented a tax reform proposal which is expected to have a strong fiscal impact both on physical persons as well as legal entities who are tax residents in the country….
THE NON-DOM REGIME FOR HIGH-NET-WORTH INDIVIDUALS IN CYPRUS HOLDS NO TAXATION ON INTEREST & DIVIDENDS Effective as of April 2025, the recent abolishment of the non-UK domiciled tax regime, leaves UK -based High-Net-Worth Individuals on the look out for alternative tax residency options. Where does that leave us with? Since 2015, Cyprus constitutes an ideal location for taxation of worldwide income for HNWIs who transfer their…
The continuous battle of the European Commission against money laundering and terrorist financing within the EU has been widely known over the past years. In fact, back in May 2020, an Action Plan had been set in place for the proper implementation of the AML/CTF framework, by reinforcing the legal framework and by proposing back in July 2021 the introduction of a new authority for the…
On September 12th of 2018, The European Parliament along with the European Council established a European Travel Information and Authorisation System, hereinafter referred to as ETIAS, by introducing Regulation (EU) 2018/1240 as well as Regulation (EU) 2018/1241 amending Regulation (EU) 2016/794 for the purpose of establishing ETIAS. Such measures were taken in order to provide a stronger security control at the boarders and ensure safety within…