Fast track economic citizenship program

The Council of Ministers has decided on 15.04.2013 to implement an “economic citizenship” programme, granting accelerated citizenship to applicants who satisfy one of the following criteria: Cash: The applicant has invested at least €3 million in Cyprus,...

Amendments to tax legislation

During November and December 2012, the House of Representatives voted for a number of new and amending laws under the Memorandum of Understanding between the Republic of Cyprus and Troika in order to strengthen public finances. We present below the most relevant...

The Cyprus International Trust

Cyprus International Trust – the Law Law 20(I)/2012 has recently amended the provisions, which date back to 1992, relating to Cyprus International Trusts. The new provisions are in force as of March 23, 2012. Trust laws in Cyprus derive from English sources. A...