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On 30/11/2022, the Council of Ministers approved the Amendment of the Policy for theRegistration of Companies in the Register of Foreign Interest Companies.The Decision modifies the eligibility criteria of foreign interest companies and specificallyincludes the criterion of a company’s obligation to prove an initial investment in the Republicof at least €200,000, which should be proven…

The deadline for the settlement of the second instalment of the 2022 temporary tax is the 31st of December 2022. The deadline refers to the second and final instalment of the temporary tax for the current year, which all Cyprus tax resident companies and individuals having income subject to income tax other than salary income…

The Cyprus Migration Department revised the current regime for obtaining a visitor’s permit during November 2022. The main additions are in relation to the eligibility of more dependant applicants and additional documentation to be submitted along with the application. The new regime and/or additions that have been decided, will be enforced starting from January 1st…

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