The Republic of Cyprus has made a number of changes to its tax rates pursuant to the implementation of the decision of the EuroGroup. The most relevant changes are described and analysed below: Increase in the Corporate Tax rate The corporate tax rate is increased from 10% to 12.5%, with effect as...
Second Decree
The Enforcement of Temporary Restrictive Measures on Transactions in case of Emergency Eleventh Decree
A. CRITERIA For the citizenship of foreign investors in Cyprus, the following criteria shall apply, alternatively: A.1 DEPOSITS: The applicant must have deposits in Cyprus of no less than € 3.0 million, which will be allocated as follows: (a) An amount of €2.0 million to the Development and Investment Fund (b) An amount of...
First Decree for Temporary Restrictive Measures on Transactions of Foreign Banks
The Tenth Decree for Temporary Restrictive Measures on Transactions has come into force, which entails significant relaxations in the measures in place. The main changes made are: - An increase in the limit for transfers of money or cashless payments to accounts in other credit institutions in the Republic to €10.000 for individuals...
The Enforcement of Temporary Restrictive Measures on Transactions in case of Emergency Ninth Decree, of 2013
The eighth Decree came into force on 14 April 2013. Eighth Decree for Temporary Restrictive Measures on Transactions
The Seventh Decree of Temporary Restrictive Measures in Transactions was published. It contains clarifications in relation to payments and transfers to other credit institutions. In this context: 1. Money transfers are allowed up to €2.000 per month per natural person per institution to accounts held in other credit institutions in the Republic of Cyprus. 2. Money...
The Cypriot Minister for External Affairs, Ioannis Kasoulides, had a meeting with the India Minister of State for Foreign Affairs, Preneet Kaur, yesterday morning, 11/04/2013, within the mandate of the three day visit of the Indian Minister of State for External Affairs to Cyprus. The Cypriot Minister announced that it...
