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Establishing Economic Substance in Cyprus
What is Economic Substance? Economic Substance is the international tax law principle that mandates that for a transaction to be...
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Flexi Group
Jun 14, 20223 min read
Relocation to Cyprus
Thinking of relocating and working in Cyprus? We don’t blame you! Cyprus is a highly attractive jurisdiction not only to set up and run...
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Flexi Group
Jun 10, 20222 min read
New Foreign National Residence Permit Categories Have Been Approved By The Cabinet
Foreign nationals with an annual income of 40,000 euros, a privately owned house worth at least 250,000 euros, and who are investors,...
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Flexi Group
Jun 8, 20222 min read
Amendment of the Special Defence Contribution law - Expansion of application of 3% reduced rate
The Cyprus Parliament passed amendments to the Special Defence Contribution ("SDC") law on May 26, 2022, with the goal of expanding the...
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Flexi Group
Jun 2, 20223 min read
CRS developments and amendments to DAC 7
Due to the impact of the COVID-19 on businesses, the Organization for Economic Cooperation and Development (OECD) and the European Union...
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Flexi Group
May 30, 20223 min read
Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements
As of the 17th of May 2022, the Cyprus Security and Exchange Commission (“CySEC”) has commenced the operation of an online platform for...
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Flexi Group
May 26, 20221 min read
Public access to the UBO Registry as of the 1st of June
According to an announcement made on the 24th of May 2022 by the Registrar of Companies and Intellectual Property Department, the public...
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Flexi Group
May 26, 20222 min read
New tax incentives scheme to attract talent and foreign companies to Cyprus
On Tuesday, 10/05/2022, the Cabinet of Ministers approved a new bill with tax incentives aiming to promote headquartering and attract...
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Flexi Group
Apr 20, 20226 min read
ISLE OF MAN: Business Establishment and e-Gaming License
The Isle of Man is a self-governed dependency of Great Britain found in the Irish Sea. Political stability, business-oriented legislation...
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