Cyprus-Bahrain Double tax treaty

On 9 March 2015, Cyprus and the Kingdom of Bahrain signed a double tax treaty (DTT) based on the OECD Model Convention for the Avoidance of Double Taxation on Income and Capital with the aim to help attract foreign direct investment to...

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...