BFU Policy Amendment

BFU Policy Amendment

Nicosia, December 16th, 2022, On 30 November 2022, the Council of Ministers approved an amendment of the policy for the current fast-track registration of companies of specific nature, i.e., high-tech, pharmaceutical, shipping, etc. through the Business Facilitation...
BFU Policy Amendment

Suspension of public access to UBO Register

Nicosia, December 5th, 2022, On 28 November 2022, following the relevant ruling from the Court of Justice of the European Union (CJEU) invalidating public access to UBO Registers within the EU, the Cyprus Registrar of Companies of the Republic of Cyprus has issued a...
BFU Policy Amendment

0,4% Immovable Property Levy

Nicosia, December 1st, 2022, Cyprus law provides for a 0,4% levy on the sale of immovable property as well as on the sale of shares in a company owning immovable property in the Republic of Cyprus as long as the buyer gets the ownership of the company. The Tax...
BFU Policy Amendment

BINANCE STEPS IN CYPRUS

Nicosia, October 25th, 2022, The Cyprus Securities and Exchange Commission (CySec) has granted a Class 3 registration Crypto Asset Services Provider (CASP) to cryptocurrency exchange Binance Cyprus Ltd. Executive Vice President of Binance Europe, Mr Bruncko says this...
BFU Policy Amendment

2022 INCOME TAX RETURN EXEMPTION

Nicosia, September 27th, 2022, On September 23rd 2022, the Council of Ministers issued Decree (No.373/2022) exempting individual tax residents in the Republic of Cyprus with gross annual income not exceeding EUR19,500 from the obligation to submit a personal income...