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EU list of non-cooperative jurisdictions for tax purposes

On 21 December 2021, amendments to the Income Tax Law and Special Defence Contribution Law were published in the Cyprus Government Gazette for the introduction of  tax measures that will apply in Cyprus from 31 December 2022 in relation to jurisdictions included on the EU blacklisted jurisdictions for tax purposes. In accordance with the Law […]

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Capital Gains Tax

Capital Gains Tax As a rule, Capital Gains Tax is imposed at 20% on all gains (regardless of the tax residence of the owner/seller) arising from: Direct Disposals and Indirect Disposals i.e. Disposals of shares of companies holding immovable property situated in Cyprus. Calculation The gain is calculated by deducting from the sales proceeds the

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Amendment of the Criteria for Naturalisation of Investors in Cyprus

On the 13th of September 2016, by a decision of the Council of Ministers of Cyprus, the criteria for Naturalisation of Investors by exception have been amended. Investors can now apply for Cyprus Citizenship by making a stand-alone application (the previous ‘collective investments’ application has been abolished), upon making an investment under the new criteria

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Non-Domicile Status

The non domiciled rule were introduced to further entice corporate executives and high net worth individuals to take up residency in Cyprus. The non domiciled rule were introduced to further entice corporate executives and high net worth individuals to take up residency in Cyprus. The Special Contribution for Defense Law (hereinafter referred to as “the

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