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 […]
Opinion: The Misalignment of Trump’s “Gold Card” with Global Investor Realities
As an established global expert in the field of residency and citizenship by investment, I’ve observed countless initiatives aimed at attracting high-net-worth individuals (HNWIs). Recently, President Trump announced a new “Gold Card” program, offering permanent U.S. residency for a hefty price tag of $5 million. This proposal, in my view, is considerably out of touch […]
Cyprus Tax Reform Proposals: Corporate Tax to 15%, Dividend Tax Cut to 5% – But Not Law Yet
On February 26, 2025, President Nikos Christodoulides announced a set of proposed tax reforms that could significantly impact businesses and individuals in Cyprus. However, it is important to emphasize that these changes have not yet been enacted into law and are still subject to review, consultation, and possible amendments. Key Proposed Changes These Changes Are […]
Misconceptions About When Cyprus Exit Taxes Apply – What You Need to Know
Background: When and Why Were Cyprus Exit Taxes Introduced Exit taxation rules were introduced in Cyprus on 31 December 2019 through Law N. 116(I)/2019, aligning with the EU Anti-Tax Avoidance Directive (ATAD I & II). These rules were designed to prevent companies from transferring assets outside Cyprus to avoid taxation, ensuring that Cyprus retains the […]
VAT in Cyprus on Purchases of Services from Outside Cyprus & Reverse Charge Principal
The VAT treatment of services purchased from outside Cyprus is an essential consideration for businesses and individuals operating in Cyprus. Understanding how VAT applies to cross-border services can help ensure compliance and avoid unexpected tax liabilities. General VAT Principles for Cross-Border Services In Cyprus, VAT is governed by the Value Added Tax Law (VAT Law […]
VAT in Cyprus: The One Stop Shop (OSS) Scheme for Cross-Border Sales
Introduction to the One Stop Shop (OSS) Scheme The One Stop Shop (OSS) scheme is a VAT simplification mechanism introduced by the European Union (EU) to streamline VAT compliance for businesses engaged in cross-border sales of goods and services to consumers within the EU. For Cyprus-based companies selling to EU consumers, the OSS scheme offers […]
Understanding VAT Exempt Activities in Cyprus
Introduction to VAT Exemptions in Cyprus The Cyprus VAT system, governed by the Value Added Tax Law (N.95(I)/2000), imposes VAT on most goods and services at standard and reduced rates. However, certain activities are VAT-exempt, meaning they do not attract VAT, and businesses engaged in these activities cannot claim input VAT on related expenses. What […]