On 01 February 2022, the Ministry of Finance issued a Circular (1/2022) in connection with the acquisition of tax residency in Cyprus under the “60 days rule”. The aforesaid Circular replaces all previous Circulars issued on the subject (Circular 8 dd.22/09/2017, and Circular 36 dd.22/02/2019). Resident of the Republic of Cyprus under the 60 days...Read More
On 18 June 2021, the Council of Ministers exercising its powers under the Assessment and Collection of Taxes Laws of 1978 to (No. 3) of 2021, issued a Decree imposing the obligation to accept payment means by card on certain categories of businesses which carry out economic activities in Cyprus. The main purpose of the...Read More
Introduction Back in 2018 the Companies (Amending) Law of 2018 (N. 149(I)/2018) was enacted, focusing, amongst others, on setting in place stricter rules aimed to incentivise Cyprus companies to abide with their statutory obligations including submission of their annual returns with and payment of annual levy to the Registrar of Companies in Cyprus (the “RoC”)....Read More
The “Ideas Powered for business SME Fund” is a European Commission initiative implemented by the European Union Intellectual Property Office (EUIPO) which consists of a €20 million grant scheme helping European small and medium-sized enterprises (SMEs) to support businesses in developing their IP strategies and protecting their IP rights, at national, regional or EU level...Read More
Introduction On 13/5/2021 the Commissioner for Personal Data Protection (the “Commissioner”) published a set of Frequently Asked Questions and answers (FAQs) regarding the application of the provisions of Ministerial Decree No. 16 of 2021, issued on 8/5/2021, on measures to prevent the spread of COVID-19. On 12/7/2021 the Commissioner published a new set of Frequently...Read More
