Urgent Update for Investors: Greece’s Golden Visa Investment Threshold to Increase Significantly
In recent years, Greece’s Golden Visa program has firmly established itself as one of the most attractive and successful residency-by-investment schemes globally, and certainly the most desirable such program in the EU. The program has experienced an unprecedented surge in applications, evidencing its popularity among international investors seeking not only a secure investment but also […]
Reduction in Special Defence on interest
Cyprus’s Tax Update 2024: What You Need to Know About Interest Income Taxation Introduction to Recent Changes Interest rates have seen a notable increase in recent years, leading to a renewed focus on the tax implications of interest income. Particularly in Cyprus, these changes have become a point of discussion for savers and investors alike. […]
Revised DTT with France
REVISED DOUBLE TAX TREATY BETWEEN CYPRUS AND FRANCE A new treaty aimed at preventing double taxation between Cyprus and France was signed on December 11, 2023, and announced in the Official Gazette on December 22, 2023. This treaty supersedes the one established in 1981 and will become effective after the ratification instruments are exchanged. The […]
Urgent action required for UK non-doms
Urgent Action Required for UK Non-Doms: Anticipate Changes and Explore Cyprus’s Non-Dom Program As we approach 2024, UK non-domiciles (non-doms) are at a critical juncture. The potential revision or discontinuation of the UK’s non-dom program necessitates immediate, strategic action for High-Net-Worth Individuals (HNWIs) to secure their financial futures. The UK’s non-dom status has traditionally offered […]
The Evolution of Investment based Citizenship
The Evolution of Investment-Based Citizenship: Transitioning from Caribbean to EU Golden Visa Programs In the realm of investment-based citizenship, Caribbean Citizenship by Investment (CBI) programs have long been favored by those seeking an additional passport. However, the shifting global landscape is now challenging their dominance. A critical juncture has arrived with the European Union’s potential […]
New DTT with The Netherlands
The new Double Tax Treaty (DTT) between Cyprus and The Netherlands is coming into effect. The Double Tax Treaty (DTT) between the Republic of Cyprus and The Kingdom of The Netherlands, signed on June 1, 2021, came into force on June 30, 2023, marking a significant milestone in the financial relations between the two nations. […]
Navigating the New Path to Citizenship in Cyprus: A Comprehensive Overview
Introduction: A New Era in Cypriot Citizenship Cyprus, known for its strategic location and robust economy, has recently taken a significant step in refining its immigration laws. On November 30, 2023, the House of Representatives enacted a transformative amendment to the Civil Registry Law. This pivotal change aims to modernize the framework for naturalizing foreign […]
Understanding the New Social Insurance Fund Contribution Rates in Cyprus for 2024
Key Changes Starting January 2024 In line with the latest amendments to the Cyprus Social Insurance Law (59(I)/2010), significant changes are set to impact both employed and self-employed individuals from 1st January 2024. These changes are essential for employers, employees, and the self-employed to understand, as they will affect financial planning and payroll processes. For […]
Assessing Hungary’s Latest Residency Scheme: A Subpar Addition to EU’s Golden Visa Programs
In 2024, Hungary is poised to launch its Guest Investor Program (GIP), marking a new chapter in EU residency options. This program, different from Hungary’s halted 2017 golden visa initiative, deserves close scrutiny, particularly when compared with established EU golden visas from Greece and Cyprus. Regrettably, it seems Hungary chose not to create a highly […]
Maximizing Business Potential in the EU: The Strategic Advantage of Cyprus Holding Companies
Establishing a holding company in the European Union, particularly in Cyprus, offers a wealth of advantages, grounded in the region’s robust legal frameworks and favorable tax regimes. Cyprus, a prominent EU holding company jurisdiction (often referred to as the world’s premier holding company jurisdiction), provides a compelling case study due to its investor-friendly environment, strategic […]
