News

Green Olives Get Their Own Annual Festival in Episkopi, Cyprus

Green olives or elies tsakistes (Ελιές τσακιστές) as they’re known in Greek, recently received the recognition they deserve for being such an integral part of Cyprus’ food and culture.


Cyprus Receives 15,000 Yellow Slip Applications Since Brexit Announcement

The Cyprus government have released the official figures for residence certificates (yellow slip) applications since July 2016, when the UK voted to leave the EU. The departure has seen over 15,000 new British national applications have been filed.


Environmental Tax to be Adopted by Cyprus by as Early as 2021?

Green taxes are expected to be introduced in 2021, Finance Minister Harris Georgiades said earlier in the week at a 3-day Global Conference on Environmental Taxation, organised by the Cyprus University of Technology (Greek: Τεχνολογικό Πανεπιστήμιο Κύπρου) or "ΤΕΠΑΚ" in Limassol.


Cyprus Government Propose Corporate Tax Rate Increase to 15%

Finance ministry sources on Tuesday confirmed reports that the government is considering raising the corporate tax rate from 12.5% currently to 15%, whilst trying to alleviating economists growing concerns that the island may lose its competitive edge as a business and maritime hub.


G7 & OECD: US & EU International Tax Consolidation

Finance Ministers of the G7 have officially voted to support the OECD's proposed new rules for the taxation of multinational conglomerates and businesses, using revisions of existing fund allocation and relationship rules, as well as using new global minimum tax regulations.


Revisions to the Cayman Islands Companies Law & LLC Law

The government in the Cayman Islands have released guidance about how amendments to the Companies Law and the Limited Liability Companies Law (LLC Law) will affect companies registered in the Cayman Islands. We have compiled a shortlist of the most notable information for companies and Directors:


Virtual Currencies May Fill the Gap Left by the Correspondent Banking Sector

The Chairman of the International Committee on Payments and Market Infrastructure (CPMI) has expressed his concern for the number of correspondent banking arrangements that are in sharp decline around the world, with active relationships having decreased by 20% in the last decade.