Cyprus Reconsiders EU Green Taxes – Balancing Sustainability and Economic Stability
Introduction As Europe pushes forward with ambitious sustainability goals, including the EU Green Deal and the Recovery and Resilience Facility (RRF), member states face growing pressure to implement environmental taxes. Cyprus, however, is taking a cautious approach. In mid-May 2025, President Nikos Christodoulides announced Cyprus’ intention to postpone or limit the introduction of new green […]
Cyprus Sharpens Tax Rules – How New Measures on Low-Tax and Blacklisted Jurisdictions Impact International Business
Introduction In an era where global tax compliance is tightening, Cyprus is stepping up to align its domestic tax framework with international standards. On April 10, 2025, the House of Representatives approved a series of tax amendments designed to curb tax avoidance, particularly through transactions involving low-tax jurisdictions (LTJs) and EU blacklisted jurisdictions (BLJs). These […]
Looking to Set Up a Low — or Even Zero — Tax Trading Structure? It’s Still Possible… If Done Correctly.
As global tax rules tighten and anti-abuse scrutiny rises, many advisers will tell you that international low-tax trading structures are a thing of the past. They aren’t. But success today depends on one factor above all others: implementation. At Savva & Associates, we are not just international tax specialists advising on jurisdiction selection and structuring. […]
Cyprus Tax Reform: ICPAC’s 14 Proposals and What They Could Mean for Strategic Planning
Cyprus is once again at the forefront of tax innovation, as the country’s leading accounting body has submitted a comprehensive set of proposals aimed at modernizing the nation’s tax system. The Institute of Certified Public Accountants of Cyprus (ICPAC) has recently proposed 14 targeted measures aimed at refining the nation’s tax system. These suggestions are […]
Caribbean Citizenship Programs Under Fire: Why Smart Investors Are Turning to the EU
As global uncertainty rises and international scrutiny of citizenship by investment (CBI) programs intensifies, high-net-worth individuals are beginning to reassess their options. One of the clearest signs of this shift came recently when U.S. Senator Marco Rubio visited Antigua and Barbuda and reportedly voiced strong concerns over the country’s CBI program. His criticisms, which focused […]
The Crypto-Asset Reporting Framework (CARF): A Comprehensive Compliance Guide for Cyprus Businesses
Introduction: A Transformative Regulatory Shift The cryptocurrency sector is entering a new phase of regulatory maturity with the impending implementation of the OECD’s Crypto-Asset Reporting Framework (CARF). As Cyprus moves toward full adoption by 2026, businesses across financial services, technology, and digital asset sectors face comprehensive new compliance obligations that will fundamentally change how crypto […]
From Condemnation to Embrace: The EU’s Hypocritical Yet Welcome Shift on Citizenship by Investment
It wasn’t long ago that the European Union harshly criticized Cyprus for its Citizenship by Investment (CBI) program. The program, which allowed high-net-worth individuals (HNWIs) to acquire Cypriot — and by extension, EU — citizenship through significant financial contributions to the country, became the target of intense political and media scrutiny. In 2020, under pressure […]
Work Remotely, Live Freely: Cyprus Reopens Digital Nomad Visa Applications
Cyprus has officially reopened applications for its Digital Nomad Visa Scheme, once again welcoming remote professionals from around the world to live and work from the heart of the Mediterranean. With a capped number of residence permits available, this initiative offers a unique lifestyle opportunity for highly mobile individuals and their families. What is the […]
Crypto for Property in the UAE: A Gimmick or Genuine Investment? Why Cyprus Offers a Smarter Alternative
The recent surge in promotions encouraging property purchases with cryptocurrency in the United Arab Emirates (UAE) warrants a critical examination. While the concept appears innovative, a closer look reveals that only a select few developers, such as Emaar and Damac, accept cryptocurrency payments. This exclusivity raises questions about the broader implications for investors. Regulatory Constraints […]
Greece’s Golden Visa: The Most In-Demand Residency Program – Secure Your €250,000 Investment Opportunity
Greece’s Golden Visa program is the most sought-after residency-by-investment scheme in Europe, consistently attracting high-net-worth individuals (HNWIs) and global investors. The program has set record-breaking numbers in recent years, surpassing competing programs in Portugal and Spain. Its appeal lies in its affordable real estate investment threshold, visa-free access to the Schengen Zone, and straightforward residency […]
