Council of Ministers increases the number of potential holders of Cyprus Digital Nomad Visa up to 500 in March 2022. Due to the rapid pace of the digital transformation and promotion of Cyprus’ image as a business European «heart», the…
Last year the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been completed and the Ministry of Finance announced its official operation on April 6th, 2021. Τhe Department of Registrar reported today, March 1st,…
The Cyprus Securities and Exchange Commission (“CySEC”) announced on December 14th, 2021, the amendment of Directive 87-04. The amendment relates to the provision of investment services by entities authorised and regulated by the UK’s FCA to eligible counterparties and professional clients based in Cyprus after the expiry of…
On 15 October 2021, the Minister of Finance of the Republic of Cyprus, Mr. Konstantinos Petrides, announced the Action Plan for Attracting Companies to Operate and Expand their Activities in Cyprus. The implementation of the Strategy is expected to start from January 2022. The Action Plan…
H Eurofast θα ήθελε να σας ενημερώσει ότι το Τμήμα Φορoλογίας έχει δώσει εκ νέου παράταση στην εφαρμογή της οδηγίας για υποχρεωτική αποκάλυψη και ανταλλαγή πληροφόρησης για διασυνοριακές ρυθμίσεις (DAC-6) μέχρι τις 31 Ιανουαρίου 2022. Η εφαρμογή της οδηγίας DAC6 συνεχίζει να είναι αναδρομική και αφορά δηλωτέες διασυνοριακές ρυθμίσεις μετά την 25η Ιουνίου 2018 με τις ακόλουθες προθεσμίες: Διασυνοριακές ρυθμίσεις που έχουν πραγματοποιηθεί από την 25η Ιουνίου 2018 έως την 30η Ιουνίου 2020 Διασυνοριακές ρυθμίσεις που πραγματοποιήθηκαν από την 1η Ιουλίου 2020 έως την 31η Δεκεμβρίου 2020, οι οποίες έπρεπε να υποβληθούν…
Eurofast would like to inform you that an additional extension of the deadline until January 31st, 2022 has been given by the Tax Department, as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6 Reporting). The implementation of DAC6 continues to be retroactive and also concerns…
Lebanese companies seeking long term stability are increasingly looking to Cyprus to relocate their operations. Disasters of the last few years, an economy in free fall, and constant political unrest are fuelling the exodus. Unfortunately, optimism is at an all-time…
The European Investigation Order (EIO) is a judicial decision issued in or validated by the judicial authority in one EU country (Member State) to have investigative measures, to collect or make use of evidence in criminal cases taken place in…
Eurofast would like to inform you that an additional extension of the deadline until November 30th, 2021 has been given by the Tax Department, as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6 Reporting). The implementation of DAC6 continues to be retroactive and also concerns…
On April 7, 2021, the Republic of Cyprus announced amendments to the eligible criteria for the Cyprus Permanent Residency Programme. The Permanent Residency Programme covers the applicant’s relatives including his own parents, his dependent children up to the age of 18, unmarried children who are students up to the age of 25, as well…