Knowledge base

How to register a branch in Cyprus

Overseas companies may register a branch in Cyprus, according to the Companies Law, Chapter 113, regulated by section 347. A branch will not essentially consider as being a new legal entity in Cyprus.


Accounting support for a Cyprus company located in Russia

When expanding your business overseas, not only do you have to comply with International Financial Reporting Standards (IFRS) and accounting standards, thought must also be given to the specific jurisdictions own rules and regulations.


Working in Cyprus: EU & third country nationals

Immigrants wishing to live work or study in Cyprus are required to have either a valid work or residence permit. Fines may be imposed on anyone found to be employed in the country without valid and up to date paperwork.


Obtaining a Cyprus passport by investment or naturalisation

There are a number of methods of obtaining a Cyprus Passport, giving freedom of movement to the rest of Europe, as per the Schengen Agreement.


Re-domiciliation of foreign companies in Cyprus

As a result of the 2006 amendment to the Companies’ Law Cap.113, foreign companies can be re-domiciled in Cyprus and companies registered in Cyprus can be re-domiciled abroad.


Cyprus in early adopter group to implement the Common Reporting Standard

In an effort to improve the global reporting standard of local tax systems and combat tax avoidance, governments from various jurisdictions will bring the automatic exchange of information in tax matters for all countries up to the same standard. This is referred to as the Common Reporting Standard (CRS).


Cyprus tax department introduces application for the issuance of tax residency certificates

A Circular has been released by the Cyprus Taxation Department, introducing an application form for the issuance of tax residency certificates for companies. The application form is a questionnaire and includes all information required by the tax authorities in Cyprus for the issuance of a tax residency certificate.