Tax Ruling in Cyprus: What It Is and How to Obtain One A tax ruling in Cyprus is an official written clarification issued by the Cyprus Tax Department, confirming how tax legislation applies to a specific transaction or set of circumstances. It offers legal certainty and is particularly useful for companies engaged in cross-border transactions, […]

Share premium is the amount by which the issue price of a company’s shares exceeds their nominal (par) value. Under Cyprus Companies Law (Cap. 113), this excess amount is recorded in a separate account called the share premium account. Example: If the nominal value of a share is €1, and it is issued at €10, […]

Cyprus offers three main types of ship registration: Provisional Registration: Valid for 6 months, with the possibility of a one-time extension for an additional 3 months. This allows owners to complete the necessary administrative procedures before applying for permanent registration. Permanent Registration: Must be finalized within 6 months after provisional registration, or within 9 months […]

Controlled Foreign Companies (CFCs) in Russia: What’s Important to Remember Before Moving to Cyprus Moving to Cyprus does not automatically relieve you from tax obligations in Russia, especially if you still retain your Russian tax residency. One of the most sensitive issues is reporting on CFCs (Controlled Foreign Companies). Missing deadlines or procedural requirements can […]

Cyprus IP Box Regime: 2.5% Tax on Intellectual Property Income In a world of tightening international tax regulations, finding a legally robust and transparent tax incentive is a rare advantage. The Cyprus IP Box regime is one of the few remaining compliant structures in Europe that offers a significant benefit to innovators, tech entrepreneurs, and […]

Cyprus Prepares to Accept Applications for the EU Blue Card Cyprus is getting ready to launch the EU Blue Card program. According to our information, the migration service will start accepting applications in mid-summer. As a reminder, the EU Blue Card is a residence and work permit that allows highly qualified third-country nationals to live […]

Buying property in Cyprus can be a profitable investment, but it’s also a legal process with mandatory fees. One of these fees is stamp duty, which is an obligatory payment. Although the amount may seem small, mistakes or late payments can lead to fines. Let’s take a closer look at how stamp duty works, who […]

On Wednesday, February 26th, the President of Cyprus was presented with the key proposed tax changes, which will form the foundation of the upcoming tax reform. Here are the most significant updates: Dividends & Corporate Tax: Abolition of the “deemed dividend distribution” system. If you need a refresher on what this means, check our post […]

When drafting a Will in Cyprus, one of the key roles is that of the Executor—the person responsible for ensuring that the wishes of the deceased are carried out. Usually, duties of the Executor go far beyond simple administrative tasks. What are responsibilities of the Executor? Below are some of the key responsibilities an Executor […]