The municipalities of Limassol and Paphos are expecting payment of the 2026 municipal property tax. In both cities, the deadline for payment is September 30. Who has to pay The tax is paid by property owners within municipal boundaries. Under the law, an “owner” is not only a person formally registered as such, but also […]

Cyprus Citizenship in 3 Years: New Fast-Track Naturalization Rules for Highly Skilled Professionals Cyprus continues to refine its naturalization legislation, offering increasingly attractive conditions for foreign professionals working on the island. Under the updated rules, employees of qualifying companies can now apply for a Cypriot — and therefore European — passport significantly faster than under […]

Artificial intelligence has already ceased to be a technology of the future. Today, it helps analyze documents, draft contracts, structure information, and speed up the search for solutions. However, in the field of international law, taxation, business structuring, and asset protection, its role remains more supportive than decisive. For clients, this does not mean replacing […]

Preparation for the tax season requires attention to detail. For tax residents of Cyprus, filing a personal tax return (form TD1) is a mandatory process. Below are the key theoretical and technical nuances to consider when declaring income. Nuance 1: Threshold for Mandatory Filing The main criterion is the amount of your gross annual income. […]

As of 2026, Cyprus continues to apply updated rules for the reduced 5% VAT rate on the purchase of a first residence. While this preferential regime previously applied broadly to most first-time homes, the conditions have now become significantly stricter and are primarily focused on smaller and more affordable properties. What has changed? Previously, the […]

Starting from 1 January 2026, updated penalties for tax violations come into force in Cyprus. These rules apply to tax returns for the 2025 tax year, as the deadlines for submission and payment fall in 2026. Below are the main grounds for penalties and the applicable sanctions imposed by the tax authorities. Ground No. 1: […]

Main Partner Trust will be participating in Reflect Festival, one of the largest tech and business events in Cyprus, taking place in Limassol. The festival brings together key market players and serves as a platform for networking, knowledge sharing, and business development. Reflect Festival gathers: startups and technology companies investors and entrepreneurs experts in taxation […]

Income Tax Return in Cyprus for 2025: Who Is Required to File In 2026, taxpayers in Cyprus are required to submit their income tax return for the 2025 tax year. Below is an overview of who must file, what income should be reported, and the applicable deadlines. Who Is Required to File a Tax Return […]

Cyprus introduces FDI screening: what investors need to know before April 2026 Cyprus is entering a new regulatory phase for foreign investment. With the adoption of the Foreign Direct Investment Screening Law of 2025 (Law 194(I)/2025), the country has established its first formal mechanism for reviewing inbound investments from non-EU investors. The regime will apply from 2 […]