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Global Tax Developments in Response to the COVID-19 Pandemic
Global Tax Developments in Response to the COVID-19 Pandemic 17.09.2020 3 min read

Fiscal policies have provided important emergency aid to individuals and businesses during the COVID-19 pandemic. They are also essential to increase countries’ ability to react to a crisis and assist …

Cyprus Has Been Thrashed by the COVID-19 Pandemic
Cyprus Has Been Thrashed by the COVID-19 Pandemic 11.09.2020 3 min read

The Cyprus tourism industry is a major reason for the sharp increase in the figure of the recently unemployed on the island. The recent government data has shown approximately a …

Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island
Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island 3 min read

Foreign investments might help Cyprus to overcome economic difficulties caused by the COVID-19 pandemic and adverse legislation moves on the Cyprus tax system. Historically, Cyprus is dragging its feet in …

Global Tax Developments in Response to the COVID-19 Pandemic
Global Tax Developments in Response to the COVID-19 Pandemic 17.09.2020 3 min read

Fiscal policies have provided important emergency aid to individuals and businesses during the COVID-19 pandemic. They are also essential to increase countries’ ability to react to a crisis and assist …

Cyprus: Changing the Face of the Island’s Professional Services Industry
Cyprus: Changing the Face of the Island’s Professional Services Industry 10.09.2020 3 min read

The recent developments on limited Cyprus’ Double Tax Agreement with Russia, and subsequent implementation of the Controlled Foreign Corporation rules in Ukraine have caused many to speculate that they will …

Banking for Offshore Companies: Changing the Global Landscape
Banking for Offshore Companies: Changing the Global Landscape 14.08.2020 3 min read

The COVID-19 pandemic, stringent regulations, and challenges from Electronic Money Institutions are pushing the traditional commercial banks to cut expenses and roll back operations. HSBC is a good example. It …

How to: Get Your Yellow Slip in Cyprus
How to: Get Your Yellow Slip in Cyprus 04.09.2020 3 min read

Applying for a residence permit (also known as the yellow slip) is a process which is to be completed by every EU citizen living and working in Cyprus. It is …

Cyprus ASPs: How We Can Help
Cyprus ASPs: How We Can Help 25.08.2020 3 min read

Each licensed Administrative Service Provider (ASP) in Cyprus is registered under CySEC, and must comply with the preparation and submission of the below-mentioned reports in order to be eligible for …

Cyprus: Holding Companies
Cyprus: Holding Companies 07.08.2020 3 min read

Cyprus is an ideal place for holding company location. The following factors are important when deciding the location of a holding company: Tax treatment of inward and outward dividends. Tax …

Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island
Cyprus’ Answer to Economic Challenges is Making Business Easier to do on the Island 11.09.2020 3 min read

Foreign investments might help Cyprus to overcome economic difficulties caused by the COVID-19 pandemic and adverse legislation moves on the Cyprus tax system. Historically, Cyprus is dragging its feet in …

UK: The Popularity of New Visas for Overseas Business Owners is Gaining Momentum
UK: The Popularity of New Visas for Overseas Business Owners is Gaining Momentum 10.09.2020 3 min read

The UK government has introduced a new type of UK visa – the Representative of an Overseas Business visa. The new UK visa allows senior management of overseas businesses to …

Cyprus-Russia: Russia Starts Proceedings to Scrap DTAA with Cyprus
Cyprus-Russia: Russia Starts Proceedings to Scrap DTAA with Cyprus 13.08.2020 3 min read

The economic pressure on the Russian government has to lead to the final decision to scrap the Double Tax Avoidance Agreement (DTAA) with Cyprus. In the press, sides are blaming …

Cyprus Has Been Thrashed by the COVID-19 Pandemic
Cyprus Has Been Thrashed by the COVID-19 Pandemic 11.09.2020 3 min read

The Cyprus tourism industry is a major reason for the sharp increase in the figure of the recently unemployed on the island. The recent government data has shown approximately a …

Cyprus is Facing Real Economic and Political Challenges
Cyprus is Facing Real Economic and Political Challenges 3 min read

The recent recovery from the 2013 financial crisis fueled a lot of hope that the Cyprus economy would be back on its feet and prosper again has returned. The Cyprus …

Malta: Punishment for Unlicensed Remittance Services
Malta: Punishment for Unlicensed Remittance Services 10.09.2020 3 min read

The Malta Financial Services Authority has recently penalised MPM Capital Investments and its Directors for the unlicensed conduct of regulated businesses regarding monetary remittance. Electronic Money Institutions (EMI) are one …