The EU Blue Card is a type of residence permit that enables highly qualified professionals from outside the European Union to work and live in most EU member states (with the exceptions of Denmark and Ireland). EU Blue Card was created to address the shortage of skilled workers in certain industries and provides a streamlined process for highly skilled professionals and their families to relocate to the EU. Benefits of the EU Blue Card: The right to work: Holders of the EU Blue Card can work in any EU country and compete with locals. […]

Over the last few years, several significant events have impacted the lives of UK residents, including UK citizens (or permanent residents) who hold Russian passports. Brexit officially took place on January 31, 2020, when the UK formally left the European Union. However, the referendum in which UK residents voted to leave the EU was held […]

On 15 December 2020, the Cyprus Income Tax Law (“the Law”) has been amended to provide for an extension of the 20% exemption of salaried income for individuals relocating to Cyprus.

The experts of the first EY Attractiveness Survey Cyprus 2020, which is part of EY’s broader FDI (Foreign direct investment) Attractiveness program, reports that despite the pandemic Cyprus remains attractive as an investment destination in the new environment after COVID-19.

The EU Code of Conduct Group (Business Taxation) (the “Group”) issued a report on 20 November 2020, which was approved by ECOFIN on 27 November 2020, through which the Cyprus Notional Interest Deduction (NID) regime has been assessed as “not harmful”.

Aljona Sakharova and Elina Christofi joined the working committees of the Cyprus Fiduciary Association.

On Tuesday, 8 September, Russia and Cyprus signed a protocol to amend the agreement on the avoidance of double taxation on income and capital taxes.

The official representative of Hermes Airport, the company which operates the international airports of Larnaca and Paphos, informed the news agency RIA Novosti.

On August 17, amendments were made to the Cyprus Investment Program that will tighten control over service providers assisting in filing applications for the citizenship under the Cyprus Investment Program. The changes will primarily affect developers. Pursuant to new rules, only licensed companies accountable to regulatory authorities will participate in the preparation of documents.