Legal Insights & Articles
Expert analysis and practical guides on Cyprus law, tax, immigration, and business.
Immigration14 min read
What Is GESY? Complete Guide to the Cyprus General Health System (2026)
GESY (Γενικό Σύστημα Υγείας) is the universal healthcare system in Cyprus, providing affordable medical care to citizens, EU nationals, and eligible residents. This guide covers eligibility, contribution rates, covered services, and how to register.
Gregoris Philippou·9 Mar 2026Tax5 min read
Selling B2C Across the EU from Cyprus? A Practical Guide to the VAT OSS Scheme
The One Stop Shop (OSS) scheme is a VAT simplification mechanism introduced by the European Union as part of the EU VAT e-commerce package. Its purpose is to simplify VAT compliance for businesses...
Gregoris Philippou·3 Feb 2026Immigration4 min read
Cyprus Temporary Residency (Pink Slip) vs Permanent Residency by Investment - Complete 2026 Guide
Cyprus continues to attract global interest as a modern, safe and business-friendly destination within the European Union. Its strategic location, warm climate and high quality of life make it...
Gregoris Philippou·28 Jan 2026Litigation4 min read
No Will in Cyprus? Understanding Intestacy Rules
In the land of estate planning, having a clear and comprehensive will is crucial to ensure that your assets are distributed according to your wishes after your passing. However, not everyone gets...
Gregoris Philippou·12 Jan 2026Litigation4 min read
Why You Should Instruct a Lawyer to Handle Your Probate Application in Cyprus
Managing a probate application while coping with the loss of a loved one can be emotionally and challenging. Although anyone may submit an application to the court, working with a lawyer provides...
Gregoris Philippou·12 Jan 2026Immigration16 min read
Cyprus Joining Schengen (2026): Timeline, Travel Rules and Practical Benefits
Cyprus is progressing towards full membership of the Schengen Area, and this is increasingly relevant for internationally mobile individuals and businesses who view Cyprus as a European base. Public...
Sergios Charalambous·3 Jan 2026Immigration4 min read
Important Update for UK Nationals in Cyprus: Mandatory Change from MEU1 and MEU3 to the New Biometric Card by August 2026
UK nationals and their family members who were legally residing in Cyprus before 31 December 2020 under the Withdrawal Agreement were issued the MEU1 paper certificate (the “yellow slip”). While this...
Gregoris Philippou·15 Dec 2025Immigration5 min read
Cyprus Citizenship: Your Gateway to the European Union
Cyprus offers one of the most clearly defined and accessible legal routes to obtaining European Union citizenship. Acquiring Cypriot citizenship not only provides visa-free travel to more than 170...
Gregoris Philippou·19 Nov 2025Property3 min read
Co-Ownership of Property in Cyprus: Issues and Legal Solutions
In Cyprus, a significant portion of immovable property is jointly owned by two or more individuals. This usually arises through inheritance, equal-share donations, joint purchases etc. While...
Gregoris Philippou·1 Nov 2025Tax19 min read
Cyprus Tax Reform 2026: What Changed and What Remains the Same for Businesses and Individuals
Cyprus has entered a new phase in the evolution of its tax framework. On 22 December 2025, the House of Representatives approved a comprehensive package of tax amendments, representing the most...
Sergios Charalambous·1 Nov 2025Immigration7 min read
Cyprus Permanent Residency Program by Investment: Why investors should act before Schengen Entry in 2026
Cyprus stands at the threshold of a historic transformation. With its long-awaited entry into the Schengen Zone expected in 2026, the island is poised to strengthen its position as one of Europe’s...
Gregoris Philippou·8 Oct 2025Tax4 min read
CANCELLATION OF THE 5% VAT REDUCTION ON PROPERTY
Buying a home in Cyprus comes with Value Added Tax (VAT) in some cases. To make home ownership more affordable, first-time buyers can benefit from a reduced 5% VAT rate, provided they meet certain...
Eleni Philippou·17 Sept 2025Property5 min read
Cyprus unlocks thousands of blocked cases of Trapped Purchasers' applications through landmark legal reform
In a landmark move to address one of Cyprus’s most persistent property challenges, the House of Representatives has unanimously passed an amendment Law that effectively resolves thousands of trapped...
Eleni Philippou·17 Sept 2025Property8 min read
New Swimming Pool Law to bring Clarity and Order
The much-anticipated new law on the operation of swimming pools — the Swimming Pools Law of 2025 — was passed in July 2025 with the aim of making swimming pools safer, management clearer, and rules...
Eleni Philippou·28 Aug 2025Tax9 min read
Taxation of UK Property Income for Cyprus Tax Residents
Introduction An increasing number of UK nationals have relocated to Cyprus in recent years, attracted by the island’s lifestyle advantages and its favourable tax regime. Many of these individuals...
Sergios Charalambous·26 Aug 2025Tax8 min read
IP Strategies for Startups and Tech Innovators in Cyprus
Introduction In today’s knowledge-driven economy, intellectual property (IP) is often the most valuable asset of a startup or technology venture. For founders in Cyprus, establishing a clear IP...
Sergios Charalambous·24 Aug 2025Tax11 min read
VAT in Cyprus: Essential Rules & Practical Scenarios for Cyprus Companies
Introduction Value Added Tax (VAT) is a central feature of commercial activity in Cyprus. For local companies it is not only a matter of compliance but also a matter of financial planning and legal...
Sergios Charalambous·24 Aug 2025Corporate7 min read
Registering a Cypriot Company for Digital Marketing Professionals: Your Complete Guide
In the fast-evolving online economy, digital marketers, social media consultants, and SEO professionals are increasingly seeking efficient ways to manage their income, reduce tax exposure, and scale...
Sergios Charalambous·15 Jun 2025Immigration9 min read
Cyprus vs Dubai: Why Relocating or Opening a Company in Cyprus May Be the Smarter Choice
Are you exploring the best jurisdiction to relocate your personal tax residency or to set up an international company? For years, both Cyprus and Dubai have attracted entrepreneurs, digital nomads,...
Sergios Charalambous·14 Jun 2025Immigration6 min read
Cyprus vs Malta: Why Relocating or Opening a Company in Cyprus May Be the Smarter Choice
Are you exploring the ideal EU jurisdiction to relocate your personal tax residency or establish an international company? For years, both Cyprus and Malta have attracted global entrepreneurs,...
Sergios Charalambous·14 Jun 2025Tax6 min read
Cyprus Notional Interest Deduction (NID): A Strategic Tax Incentive for Equity Financing
Introduction In today’s competitive and transparent international tax landscape, jurisdictions must offer sophisticated and compliant incentives to attract and retain investment. Cyprus, long...
Sergios Charalambous·26 Apr 2025Corporate11 min read
Cyprus Investment Firms (CIFs): Legal Framework, Licensing and Business Opportunities
Introduction Cyprus has emerged as a preferred jurisdiction for establishing investment firms within the European Union. With a modern regulatory framework fully aligned with MiFID II, a competitive...
Sergios Charalambous·21 Apr 2025Tax6 min read
Understanding the Rules on Controlled Foreign Companies (CFCs) under Cyprus Tax Law
In our interconnected global economy, tax transparency and the fight against tax avoidance are top priorities for tax authorities worldwide. Cyprus, as a member state of the European Union with a...
Sergios Charalambous·28 Mar 2025Property3 min read
Donation of Property vs. Trusts vs. Wills: Key Differences in Estate Planning
When planning the future of your estate, particularly regarding the transfer of property, it’s crucial to understand the different legal mechanisms available. Three common methods include donating...
Sergios Charalambous·8 Mar 2025Tax9 min read
Trade in Cyprus: Enjoy Tax-Free Capital Gains on Securities
Cyprus has firmly established itself as a leading jurisdiction for securities trading, offering a tax-free environment on capital gains, a business-friendly infrastructure, and flexible residency...
Sergios Charalambous·19 Feb 2025Corporate7 min read
Registering a Cypriot Company for OnlyFans Professionals: Your Complete Guide
In today’s digital world, OnlyFans professionals are always looking to maximize their earnings and streamline their business. For OnlyFans models and account managers, setting up a Cypriot company...
Sergios Charalambous·15 Feb 2025Corporate4 min read
Μηδενική Φορολογία στα Μερίσματα που Λαμβάνει Φορολογικός Κάτοικος Ελλάδας από Κυπριακή Εταιρεία
Σε μια εποχή όπου η διασυνοριακή επενδυτική και επιχειρηματική δραστηριότητα ανθεί, οι Έλληνες επιχειρηματίες και επενδυτές που επιλέγουν να επενδύσουν σε Κυπριακές Εταιρείες, ή να ασκήσουν την...
Sergios Charalambous·2 Feb 2025Corporate4 min read
Memorandum and Articles of Association for a Cyprus Company
Introduction Setting up a company in Cyprus is a smart move for business owners worldwide, attracted by the island's tax benefits and solid legal framework. This guide will walk you through the...
Sergios Charalambous·12 Jan 2025Immigration5 min read
Navigating US-Cyprus Taxation for American Expatriates
American expats in Cyprus benefit from the Double Taxation Avoidance Agreement (DTAA) between the US and Cyprus. This treaty which is designed to avoid double taxation on income including wages,...
Sergios Charalambous·12 Jan 2025Immigration11 min read
Moving to Cyprus from the US: A Complete Guide for 2025
The allure of relocating to Cyprus continues to captivate the imaginations of many Americans seeking a life that balances leisure and opportunity in the heart of the Mediterranean. Cyprus offers a...
Sergios Charalambous·12 Jan 2025Property6 min read
Rental Agreements in Cyprus: A Complete Guide to Landlord and Tenant
Rental agreements in Cyprus can be complex. Whether you are a landlord or a tenant, understanding rental contracts is key to protecting your rights. This guide offers expert insights into the...
Sergios Charalambous·7 Jan 2025Corporate9 min read
Cyprus Gambling License
Located at the crossroads of Europe, Asia and Africa, Cyprus offers a dynamic regulatory environment for online and land based gambling operations. This article will guide you through the process of...
Sergios Charalambous·5 Jan 2025Corporate5 min read
Joint Ventures in Cyprus: A Complete Guide
Situated at the crossroads of three continents, Cyprus is an attractive location for international business ventures, especially joint ventures. With its tax benefits, strong legal framework and EU...
Sergios Charalambous·3 Jan 2025Immigration6 min read
Cyprus Residency Through Company of Foreign Interests: Formation, BFU Registration, Residence and Employment Permits
Introduction Cyprus has become one of the most popular destinations for businesses and individuals looking for a European base. With its tax friendly environment, strategic location and simplified...
Sergios Charalambous·5 Dec 2024Tax5 min read
Inheritance Tax in the UK vs. Cyprus: A Strategic Guide for Wealth Preservation
Inheritance tax (IHT) is a big consideration for anyone planning their financial legacy especially for those living in high tax jurisdictions like the UK. The UK’s IHT system has become more...
Sergios Charalambous·1 Dec 2024Property5 min read
Intellectual Property Protection in Cyprus
At Polycarpos Philippou & Associates LLC we know that intellectual property is the foundation of innovation, creativity and business growth. Whether you are an entrepreneur, a multinational or a...
Sergios Charalambous·26 Nov 2024Immigration4 min read
Residence Permit Options for Non-EU Nationals in Cyprus
Welcome to this ultimate guide on residence permit options for non-EU nationals who want to live, work or retire in Cyprus. Whether your plans are short term, remote work, retirement or employment in...
Sergios Charalambous·24 Nov 2024Immigration12 min read
Moving to Cyprus from the UK: The Ultimate Guide
Relocating from the UK to Cyprus is a chance to live a new life, benefit from financial advantages and enjoy the Mediterranean weather. At Polycarpos Philippou & Associates LLC we will guide you...
Sergios Charalambous·24 Nov 2024Corporate6 min read
Retirement: Your Complete Guide to Moving and Retiring in Cyprus, a Mediterranean Heaven
Cyprus, a beautiful Mediterranean island famous for its great climate, history and location has become a haven for retirees and expats looking for a new life. Whether you want a tax efficient...
Sergios Charalambous·23 Nov 2024Immigration10 min read
Yellow Slip in Cyprus: Residency Guide for EU Citizens
What is a Yellow Slip? EU citizens have the right to move freely within the EU and live in any member state under Article 21 of the Treaty on the Functioning of the EU. EU and EEA citizens who wish...
Gregoris Philippou·20 Nov 2024Tax9 min read
Register Your E-commerce or Dropshipping Company in Cyprus: Tax Benefits, EU Access, and Easy Setup
E-commerce and dropshipping has changed the world, entrepreneurs are looking for jurisdictions that offer tax efficiency, ease of incorporation and operational flexibility. Cyprus is one of the best...
Sergios Charalambous·17 Nov 2024Tax5 min read
How to Pay 0% Tax on Cryptocurrencies Using a Cyprus International Trust
In a world where cryptocurrencies are revolutionizing finance, investors and businesses are facing increasingly complex regulatory and tax challenges, with several countries moving towards dramatic...
Sergios Charalambous·15 Nov 2024Corporate8 min read
Cyprus Accounting and Financial Statements Requirements for Companies
Overview of Cyprus Accounting and Financial Statement Requirements Establishing a business in Cyprus offers numerous advantages, including a prime geographical location, a favourable tax regime, and...
Gregoris Philippou·14 Nov 2024Tax5 min read
Taxation of UK Pensions in Cyprus: Essential Insights for British Retirees
Introduction: Why Retire in Cyprus? Cyprus has long been one of the most popular retirement destinations for UK citizens, renowned for its excellent climate, high quality of life and attractive tax...
Sergios Charalambous·14 Nov 2024Tax4 min read
Cryptocurrency Taxation in Cyprus: Individuals and Companies
Cyprus has become an attractive destination for cryptocurrency investments, offering a favorable tax environment and low tax rates, especially for companies. As cryptocurrency usage increases,...
Sergios Charalambous·12 Nov 2024Corporate7 min read
Guide to Establishing Economic Substance in a Cyprus Company
Introduction In today's globalized business environment, building sufficient economic substance has become essential, especially for companies operating across borders. Cyprus, recognized for its...
Sergios Charalambous·9 Nov 2024Corporate5 min read
Cyprus UBO Register: Essential Guide to Beneficial Ownership Compliance
Introduction In the global context of strengthening transparency and combating money laundering from illegal activities, Cyprus has created the Register of Beneficial Owners (UBO Register). The UBO...
Sergios Charalambous·2 Nov 2024Corporate8 min read
Why Cyprus is the Ideal Destination for UK Citizens Following the UK’s 2024 Budget Changes
Introduction The 2024 Autumn Budget in the UK, presented by Rachel Reeves, marks a pivotal change the country’s tax policy, the effects of which will particularly affect businesses, high-net-worth...
Sergios Charalambous·1 Nov 2024Corporate10 min read
The Intellectual Property (IP) Box Regime in Cyprus
Introduction Cyprus has long been recognized as a strategic hub for business and investment in the European Union. Beyond its favourable tax environment and well-developed financial infrastructure,...
Gregoris Philippou·28 Oct 2024Tax7 min read
Complete Guide to Cyprus Company Dividends: Types, Distribution, and Tax Benefits
Dividends are a cornerstone of shareholder returns, allowing companies to share their success with investors. In Cyprus, dividend distribution benefits from a favorable tax regime that has made the...
Sergios Charalambous·28 Oct 2024Tax9 min read
Property Tax Cyprus: Guide to VAT, Transfer Fees & CGT
The purchase or sale of real estate in Cyprus presents various tax aspects that both individuals and corporate investors need to understand. Cyprus offers a unique landscape of tax incentives and...
Sergios Charalambous·27 Oct 2024Corporate7 min read
Cyprus Holding Company
Establishing a holding company is a strategic decision that can substantially benefit your business. At Polycarpos Philippou & Associates LLC, we specialize in guiding clients through the process...
Sergios Charalambous·23 Oct 2024Corporate10 min read
Setting Up a Partnership in Cyprus
Introduction Cyprus stands out as a business hub, celebrated for its strategic position within the European Union, a well-educated workforce, and a transparent regulatory framework. Cyprus also...
Sergios Charalambous·23 Oct 2024Corporate10 min read
Detailed Guide on Share Capital Increase and Reduction in a Cypriot Company
Introduction In Cypriot corporate law, the share capital of a company plays a vital role in its financial structure, representing the funds contributed by shareholders to establish or expand the...
Sergios Charalambous·22 Oct 2024Immigration20 min read
Moving to Cyprus: Your Complete Guide for a Smooth Transition
Moving to Cyprus? This guide covers the benefits, visa requirements, housing, jobs, and essential steps for a smooth transition. Key Takeaways Cyprus offers a favorable climate, low crime rates, and...
Gregoris Philippou·21 Oct 2024Tax8 min read
Why Cyprus is the Best Choice for Those Looking to Escape the UK’s Rising Taxes?
Due to upcoming budgetary measures from the UK government, which are likely to result in heavy tax increases in a reasonably short period of time, many who are British nationals, including but not...
Sergios Charalambous·19 Oct 2024Immigration4 min read
EU Nationals: Experience the Ease of Moving to Cyprus, a Tax-Friendly Haven
Are you an EU citizen looking for a new start in a beautiful, tax-friendly destination? Cyprus, with its stunning landscapes, vibrant lifestyle, and attractive tax regime, is quickly becoming a top...
Sergios Charalambous·19 Oct 2024Corporate7 min read
Shareholders Agreement in Cyprus: Protection of Shareholders' Rights and Effective Management of the Company
One of the key legal documents of any Cyprus Company in which there is more than one shareholder is a Shareholders Agreement (SHA). This private contract between the shareholders of the Company...
Sergios Charalambous·18 Oct 2024Immigration8 min read
Cyprus Digital Nomad Visa: The Ultimate Guide to the Visa Scheme
As part of the ‘Council of Ministers’ new strategy for attracting businesses and talent from abroad, a Digital Nomad Visa Scheme has been introduced, with a ceiling of 500 residence permits to be...
Gregoris Philippou·16 Oct 2024Corporate6 min read
Corporate Nominee Services and Registered Office Solutions in Cyprus
Starting a business in Cyprus comes with numerous benefits, such as a favorable tax system, a prime location within the European Union, and a supportive legal framework. However, understanding the...
Sergios Charalambous·11 Oct 2024Corporate7 min read
Guide to the New Urban Planning Amnesty Scheme: Legalizing Unauthorized Constructions
The new Urban Planning Amnesty Scheme aims to provide citizens the opportunity to legalize unauthorized constructions within approved developments. Focusing on minor regulatory deviations, the scheme...
Sergios Charalambous·11 Oct 2024Property6 min read
Buying Property in Cyprus: Should You Buy in Your Personal Name or Through a Cypriot Company?
Introduction: The decision to invest in property in Cyprus can have a significant impact on your financial portfolio, your tax position and your long-term wealth strategy. One of the key decisions to...
Sergios Charalambous·10 Oct 2024Litigation17 min read
Trusts vs. Wills in Cyprus: A Comprehensive Guide to Effective Estate Planning
Introduction When planning for the future, one of the most important decisions involves choosing the right tool to manage and distribute your assets. In Cyprus, both trusts and wills are widely used...
Sergios Charalambous·9 Oct 2024Property6 min read
Short Term Rental License: What Airbnb Hosts Need to Know About Rental Law in Cyprus
Airbnb and other platforms providing short-term rentals for accommodation in Cyprus have become very popular recently, allowing more people to commercially exploit their properties and driving...
Gregoris Philippou·2 Oct 2024Corporate9 min read
Taxes in Cyprus: A Comprehensive Guide for Individuals and Companies
Cyprus has established itself as a top destination for individuals and businesses seeking a favourable tax environment. With a competitive corporate tax rate, a strong legal framework, and incentives...
Sergios Charalambous·2 Oct 2024Corporate6 min read
Corporate Tax Benefits of Registering a Company in Cyprus
Introduction Cyprus has strengthened its position as one of the most attractive places in Europe for business, largely due to its well-organized and internationally accepted tax system. More and more...
Gregoris Philippou·29 Sept 2024Litigation10 min read
Navigating Divorce in Cyprus: A Comprehensive Guide to Legal Procedures, Rights, and Considerations
Divorce is a significant life event that can bring about a host of emotional and legal challenges. In Cyprus, the divorce process was historically governed by different legal frameworks, and today it...
Gregoris Philippou·22 Sept 2024Corporate7 min read
Complete Guide to Obtaining an Electronic Money Institution License in Cyprus
Introduction As the digital financial landscape continues to expand, Cyprus has emerged as a key player in the European Union, offering a strategic platform for Electronic Money Institutions (EMIs)....
Gregoris Philippou·22 Sept 2024Corporate4 min read
Work Permits in Cyprus for Non-EU citizens
This guide addresses the process of obtaining a Cyprus work permit for non-EU Nationals. It is split into two sections: the first addresses work permits in Cyprus for companies owned by non-EU...
Gregoris Philippou·8 Sept 2024Corporate6 min read
Non-Domicile Cyprus: Tax Residency for Individuals and Non-Domiciled Status
What is Cyprus non domiciled status? Non-domicile (non-dom) status in Cyprus is a tax residency classification that offers significant tax benefits to individuals who are tax residents in Cyprus but...
Gregoris Philippou·28 Aug 2024Litigation7 min read
Trusts in Cyprus
A trust describes the relationship existing when a person holds the property on behalf of another in the exclusion of his/ her interests. The traditional English definition mentioned by Snell's...
Gregoris Philippou·27 Aug 2024Corporate4 min read
Cyprus Patent Register: Patent Protection in Cyprus
What is a patent? A patent grants exclusive rights for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a...
Gregoris Philippou·27 Aug 2024Immigration6 min read
Cyprus Pink Slip: Guide to Temporary Residence Permit
What is a Pink Slip in Cyprus? The Pink Slip in Cyprus is a temporary residence permit that allows non-European Union nationals to extend their stay in Cyprus beyond the standard 90-day visa period....
Gregoris Philippou·27 Aug 2024Property7 min read
Cyprus Property Taxes and Expenses for Buyers, Owners and Sellers
Summary Read about the applicable Cyprus property taxes when buying, owning and selling a property in Cyprus. Cyprus property taxes for property purchasers 1. Transfer fees A property purchase in...
Eleni Philippou·27 Aug 2024Immigration5 min read
Cyprus EU Blue Card Scheme: Opportunities for Highly Skilled Professionals
What is the EU Blue Card? The EU Blue Card is a work and residence permit designed for highly skilled professionals from non-EU countries. This card simplifies the process for these professionals and...
Gregoris Philippou·26 Aug 2024Litigation5 min read
Creating a will in Cyprus
This guide explains who needs to create a will in Cyprus, the reasons for doing so, and how this important legal document should be prepared. Will creation is one of the forms of estate planning and...
Gregoris Philippou·25 Aug 2024Immigration11 min read
Cyprus Permanent Residence (PR) by Investment
Cyprus is a premier destination for investors seeking permanent residency within the European Union. Through the Cyprus Residency by Investment program, qualified investors and their families can...
Gregoris Philippou·25 Aug 2024Corporate11 min read
A simple guide for registering a company in Cyprus
Summary This article provides a comprehensive overview of the process of Cyprus company formation, highlighting its efficiency and straightforward nature. Companies in Cyprus are typically used as...
Gregoris Philippou·24 Aug 2024Immigration6 min read
Top Things to Keep in Mind When Moving to Cyprus from UK
Are you thinking of moving to Cyprus from the UK? We can assist with immigration permits, property rental or purchase, starting a business, or obtaining a tax residency permit in Cyprus. Below,...
Gregoris Philippou·24 Aug 2024Immigration11 min read
How to Obtain a Cyprus Citizenship
Introduction Cyprus, strategically located at the crossroads of Europe, Asia, and Africa, offers a unique blend of rich history, vibrant culture, and modern infrastructure. Here are some compelling...
Gregoris Philippou·24 Aug 2024Immigration10 min read
Permanent Residency in Cyprus
Understanding Permanent Residency in Cyprus Securing permanent residency in Cyprus represents a significant opportunity for individuals and families seeking a stable and long-term presence in one of...
Gregoris Philippou·24 Aug 2024Corporate5 min read
4 Important Things to know about Capital Gains Tax in Cyprus
Understanding the intricacies of capital gains tax (CGT) in Cyprus, particularly in relation to income tax, is pivotal for individuals and entities engaging in property transactions or holding shares...
Gregoris Philippou·24 Aug 2024Corporate5 min read
The Benefits of Establishing a Holding Company in Cyprus
Establishing a holding company is a strategic decision that can substantially benefit your business. At Polycarpos Philippou & Associates LLC, we specialize in guiding clients through the process...
Gregoris Philippou·22 Aug 2024Tax4 min read
Taxation of Rental Income in Cyprus: A Comprehensive Guide for Individuals and Cypriot Companies
Introduction to Taxation of Rental Income in Cyprus The rental property market in Cyprus has seen significant growth in recent years, attracting both local and international investors. Whether you're...
Gregoris Philippou·22 Aug 2024Corporate4 min read
The Role and Responsibilities of a Director and Secretary in a Cypriot Company
Understanding the roles of director and company secretary is crucial for the successful management and compliance of any company in Cyprus. These positions carry significant responsibilities and are...
Gregoris Philippou·7 Aug 2024Property4 min read
Impact of Recent Court Ruling on "Trapped Buyers" in Cyprus
Cyprus Trapped Buyers Law: Background In 2015, the Parliament in Cyprus introduced the Law 139(Ι)/2015, commonly known as the “Trapped Buyers Law” to address issues faced by property buyers who...
Gregoris Philippou·18 Jul 2024Corporate4 min read
Start-ups and Technology Companies in Cyprus
Cyprus is an attractive destination for intellectual property companies such as software development due to its favourable tax, legal, and regulatory regime. Tax can be as low as 3% for qualifying...
Gregoris Philippou·6 Jul 2024Corporate7 min read
Your Ultimate Guide on Opening a Bank Account in Cyprus
Introduction Choosing Cyprus for your banking needs offers numerous benefits due to its robust economic environment and advanced banking system. Whether you're handling personal finances or...
Gregoris Philippou·3 Jul 2024Property8 min read
How to Secure Title Deeds in Cyprus: A Step-by-Step Process
Cyprus has a highly successful land registration system, where every piece of land is registered. This makes Title Deeds in Cyprus crucial for proving ownership and documenting all past transactions...
Gregoris Philippou·3 Jul 2024Corporate5 min read
How to Efficiently Register Your Business for Tax and VAT
Introduction This comprehensive guide is designed to help you register your business for tax and navigating the TAX and VAT registration processes in Cyprus. The island has long established itself as...
Gregoris Philippou·3 Jul 2024Property13 min read
Your Comprehensive Guide: The Property Sale Process in Cyprus
Introduction Selling property in Cyprus offers a unique opportunity to engage with one of the Mediterranean’s most vibrant real estate markets. Whether you are looking to sell a holiday home, an...
Gregoris Philippou·2 Jul 2024Corporate12 min read
Cyprus International Trusts and Asset Protection
Introduction to an International Trust in Cyprus Cyprus International Trusts (CITs) are a powerful legal instrument for asset protection, estate planning, and wealth management. Established under the...
Gregoris Philippou·30 Jun 2024Property8 min read
Comprehensive Insights for Investing in Cyprus 2024
Overview Cyprus has emerged as a premier destination for real estate investment, offering an ideal blend of affordability, lifestyle, and strategic advantages. This comprehensive guide explores why...
Gregoris Philippou·23 May 2024Corporate8 min read
Why Company Registration in Cyprus is Attracting Global Businesses and Tech Giants
Cyprus Becomes a Prime Destination for Corporate Headquarters as Global Firms and Tech Giants Move Operations to Leverage New Incentives Cyprus, traditionally celebrated as an international business...
Gregoris Philippou·18 Apr 2024Immigration5 min read
Cyprus Golden Visa Rises as Top Choice as Greece and Portugal Adjust Programs
In the dynamic landscape of investment migration in the European Union (EU), Cyprus has recently surged ahead, catching the attention of individuals seeking golden visa programs for lifelong...
Gregoris Philippou·18 Apr 2024Corporate2 min read
Abolishment of Annual Levy from 2024 Onwards: What you need to know
Cyprus has taken a significant step towards enhancing its business-friendly environment by abolishing annual levy from companies starting from the year 2024. The move, as outlined in the Companies...
Gregoris Philippou·27 Mar 2024Corporate3 min read
Important announcement – Registrar of Companies
Published: 28 February 2023 In a significant update from the Department of the Registrar of Companies and Intellectual Property, all companies registered under the Companies Law, including European...
Gregoris Philippou·28 Feb 2024Property11 min read
The Cyprus Real Estate Market: Prices and Expenses in 2024
The Cyprus real estate market remains resilient, overcoming challenges from the 2013 crisis as well as recent pandemic disruptions, attracting both local and international investors. According to the...
Gregoris Philippou·27 Feb 2024Property4 min read
The Cyprus Property Market remains resilient amidst the Gaza and Ukraine Wars
Overview: Regional Conflict resilience Cyprus has a long-standing reputation for attracting investors and homeowners seeking stability and growth in the real estate market. In this article, we...
Gregoris Philippou·13 Feb 2024Immigration4 min read
Understanding Cyprus’ New Permanent residency regulations
Overview As of May 2, 2023, Cyprus enacted significant changes to its permanent residency policies, introducing revisions that have introduced a more rigorous framework for individuals seeking...
Gregoris Philippou·1 Feb 2024Property5 min read
10 Things you need to know about a residential complex with communal areas
Introduction Residential complex with communal areas offer unique living experiences, but they also come with specific responsibilities and regulations that property owners need to be aware of....
Gregoris Philippou·17 Jan 2024Immigration8 min read
The 4 latest trends affecting Cyprus immigration
Cyprus used to offer various investment-based immigration programs that allowed individuals to obtain residency or citizenship by investing in the country. These programs aimed to attract foreign...
Gregoris Philippou·15 Jan 2024Property5 min read
The difference between New vs Re-sale Property in Cyprus
The Basic Differences Primarily let us clarify the terminology. By the term “new property” we mean a property which has never been lived in and this includes a property which is “off-plan”...
Gregoris Philippou·8 Jan 2024Immigration4 min read
Living in Cyprus as an Immigrant: Pros and Cons
Living in Cyprus, the enchanting island of Aphrodite, is a unique experience that combines warm hospitality with a set of pros and cons that immigrants in Cyprus often encounter. The journey of...
Gregoris Philippou·4 Dec 2023Immigration4 min read
Cyprus Prioritizes Schengen Area Membership and Foreign Policy Objectives
Published Wed, 22 November 2023 In recent years, Cyprus has placed great importance on its pursuit of Schengen Area membership and participation in the Visa Waiver program, as highlighted by Foreign...
Gregoris Philippou·22 Nov 2023Corporate8 min read
Top Reasons why international companies choose Cyprus for Business Incorporation
Cyprus has emerged as a prime destination for international companies seeking a conducive environment for investment and expansion over the past three decades. In recent years, many companies have...
Gregoris Philippou·13 Nov 2023Property4 min read
Overseas Investors Drive Surge in Cyprus Property Market
Despite facing a series of hurdles such as climbing loan interest rates, ongoing inflation, the impact of the conflict in Ukraine, and the lasting effects of the COVID-19 pandemic, the Cyprus...
Gregoris Philippou·9 Nov 2023Property3 min read
Rising Real Estate Demand Creates Turmoil in Larnaca Property Market
The property market in Larnaca, along with local authorities, is witnessing an unprecedented surge in demand for properties, primarily driven by foreign investors. This surge is attributed to the...
Gregoris Philippou·9 Nov 2023Litigation5 min read
7 Reasons why non-Cypriot citizens should have a Will in Cyprus
Navigating the complexities of estate planning in a foreign country can be daunting.Many non-Cypriot citizens, having invested in local properties, businesses, and as-sets, might not be fully aware...
Gregoris Philippou·2 Nov 2023Immigration4 min read
4 Best Locations for Property Investment in Cyprus
Cyprus is a small island nation in the eastern Mediterranean Sea, known for its rich history, culture, and natural beauty. Cyprus is also a popular destination for property investors, who are...
Gregoris Philippou·30 Oct 2023Property7 min read
The process of buying property in Cyprus: A beginner's guide
Cyprus offers an enticing blend of a high standard of living and favorable business costs, with distinctive locales such as the lively and cosmopolitan Limassol, the charming and archaeologically...
Gregoris Philippou·26 Oct 2023Corporate8 min read
Mandatory Notification on Cross-Border Arrangements (DAC6) in Cyprus
At a time of increasing global economic integration and cross-border transactions, tax authorities around the world are taking steps to enhance transparency and combat tax avoidance. The compulsory...
Gregoris Philippou·23 Oct 2023Property4 min read
New Regulations for Shared Building Ownership Unveiled
Overview In an effort to address longstanding challenges related to shared property ownership in Cyprus, new regulations has been unveiled. This comprehensive legislation, soon to be deliberated upon...
Gregoris Philippou·19 Oct 2023Immigration4 min read
The Benefits of Obtaining Cyprus Residency
Cyprus, frequently envisioned as a sunlit paradise, offers more than just picturesque beauty. Exploring the advantages of Cyprus residency reveals a myriad of opportunities and benefits that extend...
Gregoris Philippou·2 Oct 2023Corporate5 min read
The Landscape of Legal Services in Cyprus: An Overview
Introduction Cyprus boasts a rich history that spans millennia. In contemporary times, the island nation has not only carved a niche for itself as a leading tourist destination but also as a...
Gregoris Philippou·28 Sept 2023Property4 min read
The Cyprus Property Market: A Dive into 2022's Shifts
The Cyprus property market has changed a lot in recent years, attracting the interest of both local and foreign investors. In 2022, the property market witnessed a surge that stands as a testament to...
Gregoris Philippou·25 Sept 2023Immigration7 min read
5 Types of Visas for Cyprus: Which one is Right for you?
The allure of Cyprus, with its pristine Mediterranean coastline and a history rich with a myriad of civilizations, is clear to many. This island nation not only offers a captivating blend of cultures...
Gregoris Philippou·14 Sept 2023Corporate8 min read
Your pathway to incorporating a company in Cyprus
Cyprus offers businesses a competitive edge with its strategic location, favourable tax incentives, and streamlined company registration process. This guide explores the key steps and advantages of...
Gregoris Philippou·12 Sept 2023Property6 min read
Unlocking Cyprus: A Prime Property Investment Hub
Nestled between Europe, Asia, and Africa, the island nation of Cyprus has long captured the imagination of travelers with its beautiful beaches, azure waters, and historical treasures. But for...
Gregoris Philippou·4 Sept 2023Immigration6 min read
An Essential Guide to a Smooth Immigration process to Cyprus
Cyprus is a stunning island in the Mediterranean Sea, situated between Europe, Asia, and Africa. It has sunny beaches, a diverse culture, and a strategic location. But beyond its beauty lies an...
Gregoris Philippou·30 Aug 2023Immigration4 min read
Cyprus officially gains access to the Schengen Information System (SIS)
Cyprus has recently stepped up its national security capabilities by gaining access to the Schengen Information System (SIS) on 25 July 2023. The SIS, which houses data on 90 million individuals, is...
Gregoris Philippou·27 Jul 2023Property4 min read
Updated VAT Rules for Property Acquisition in Cyprus: A Comprehensive Guide
When investing in property in Cyprus, it is crucial to consider the various taxes and fees associated with the purchase. This article provides information on the relevant VAT charges for property...
Gregoris Philippou·21 Jul 2023Immigration10 min read
New insights on Cyprus Investor Immigration Permit
Are you looking to move to Cyprus from another country? You might be interested in their expedited Immigration Permit process. After receiving approval from the Council of Ministers, the...
Gregoris Philippou·28 Apr 2023Property7 min read
5 mistakes people make who buy property in Cyprus and how to avoid them
We help people who want to move to Cyprus and buy a home avoid the anxiety and do their property investment in Cyprus safe and worry-free. In this article, we refer to 5 common mistakes people who...
Gregoris Philippou·20 Oct 2022Immigration5 min read
3 steps to prepare for your move to Cyprus
The quality of life in Cyprus and the low taxes attract many expatriates, digital nomads, holiday homeowners, and retirees. However, moving to Cyprus does come with a few matters to deal with before...
Gregoris Philippou·31 Dec 2021Corporate7 min read
How to register a Crypto Asset Service Provider in Cyprus
Introduction On the 13th of September 2021, the Cyprus Securities and Exchange Commission (CySEC) issued a policy statement on the registration of crypto-asset service providers in Cyprus. The...
Gregoris Philippou·31 Dec 2021Corporate7 min read
Reasons to move your business to Cyprus
Cyprus lies where history, continents, rich scenery and quality of life meet. The island has received a lot of foreigners during the last years and it has attracted millions of tourists, becoming a...
Gregoris Philippou·15 Sept 2021Property5 min read
When is VAT payable when buying Property in Cyprus
VAT was introducedon the purchase of brand new property in Cyprus (since Cyprus’ accession to the EU in May 2004) and on the purchase of the land (from January 2018). The VAT rate is 19% and this is...
Eleni Philippou·19 Jul 2021Immigration5 min read
Updated immigration rules for UK Nationals in Cyprus after Brexit
As of 1 January 2021, the UK ceased to be an EU member country and UK nationals who are not either holders of Yellow slips (MEU1, MEU2, MEU3) or holders of residence documents (MUKW1, MUKW2, MUKW3),...
Gregoris Philippou·14 Apr 2021Immigration8 min read
New Amendments to Cyprus Permanent Residence Scheme to Attract Foreign Investment
PR 6.2 - 3rd Amendment (Effective 24th March 2021) In an attempt to encourage foreign investment to the island and boost economic growth, the government authorities have recently announced certain...
Gregoris Philippou·7 Apr 2021Immigration4 min read
Cyprus Residence for UK nationals after Brexit
As from the 1st of January 2021 UK officially ceased to be a member of the European Union. The Withdrawal Agreement (WA) will protect those UK nationals and their family members who have...
Gregoris Philippou·19 Jan 2021Corporate7 min read
Business in Cyprus: Work Permits for Foreign Investors
In an attempt to encourage foreign investors to set up their headquarters or expand their business in Cyprus, our government has recently reviewed the policy regarding the issuance of temporary...
Gregoris Philippou·19 Jan 2021Litigation4 min read
Assets in Cyprus & the UK? Why Two Wills are crucial
Assets in both Cyprus and the UK Cyprus is a melting pot of nationalities and especially British expats. While it is common to have assets in both Cyprus and the UK, you might have...
Gregoris Philippou·19 Jan 2021Litigation3 min read
4 key steps to a successful estate planning in Cyprus
What is estate planning in Cyprus?Estate planning is the act of making preparations so that your wealth and assets can be passed to the people you choose in the unfortunate event of your demise....
Gregoris Philippou·14 Nov 2020Property6 min read
Understanding the conveyancing procedure in Cyprus
Conveyancing is the process of the legal transfer of ownership of an immovable property from the seller to the buyer. The conveyancing process starts when the buyer’s offer to buy a property is...
Gregoris Philippou·17 Oct 2020Litigation4 min read
Cyprus International Trusts
Introduction Cyprus offers two types of express trusts. The first is the common law express trust and the second is the Cyprus International Trust which is a type of express trust with specific...
Gregoris Philippou·17 Oct 2020Litigation6 min read
Civil Claims Court Process in Cyprus
Summary This guide gives a summary of the civil claims court procedure in Cyprus. Civil claims are those in which the Court does not order the imprisonment of a person but has the power (amongst...
Gregoris Philippou·17 Oct 2020Litigation9 min read
Injunctions in Cyprus
Injunction in Cyprus - Polycarpos Philippou Definition and Understanding of Injunctions An injunction is a court order that requires a person or entity to either cease doing or start doing a specific...
Gregoris Philippou·17 Oct 2020Corporate7 min read
Gain valuable insights on Cyprus Tax Regime
Summary Cyprus has one of the most attractive tax regimes in Europe with taxation highlights of 15% corporate tax or 3% for QUALIFIED Intellectual Property profits and for non-tax domiciled...
Gregoris Philippou·17 Oct 2020Litigation3 min read
Top 5 Reasons Why Estate Planning, Trust Formation, and Will Drafting is Beneficial
Why plan your estate in Cyprus? Sometimes people don’t make the proper arrangements for their assets until it’s too late. This means that their assets may go to unintended beneficiaries or even the...
Gregoris Philippou·17 Oct 2020Immigration4 min read
Changes to the Cyprus Investment Program
Introduction On the 15th of May 2019, the new Cyprus Investment program requirements have been enforced. The new changes have introduced a few main changes the main ones being a government donation...
Gregoris Philippou·17 Oct 2020Corporate5 min read
Cyprus Startup Visa: The Entrepreneurs’ Guide
Summary This guide outlines the main requirements of the Cyprus Startup Visa Scheme and the benefits you can gain. The Scheme’s core goal is to enable non-EU entrepreneurs to reap the benefits of...
Gregoris Philippou·17 Oct 2020Property6 min read
Transfer of blocked title Deeds
Cyprus Trapped Buyers Law In 2015, the Parliament in Cyprus introduced the Law 139(Ι)/2015, commonly known as the “Trapped Buyers Law” to address issues faced by property buyers who were unable...
Gregoris Philippou·17 Oct 2020Corporate6 min read
The Cyprus Investment Program
This guide examines the requirements to obtain Cypriot citizenship through the Cyprus Investment Program. Despite the recent changes, the Cyprus Investment Program remains one of the leading...
Gregoris Philippou·17 Oct 2020Litigation5 min read
Administration of Probate and Estates in Cyprus
About the administration of Probate in Cyprus The death of a loved one is undeniably one of the most stressful events in anyone’s life. When dealing with the emotional stress of loss one also has to...
Gregoris Philippou·17 Oct 2020Corporate6 min read
Alternative Investment Funds in Cyprus
Alternative Investment Funds (“AIF”) are entities that collects funds from investors for their investment and is regulated by the law. Typically, the entity is a company of fixed or variable capital...
Gregoris Philippou·17 Oct 2020Corporate4 min read
Trademark Registration in Cyprus
This article discusses Trademark registration in Cyprus and the regulation and protection of trademarks. What is a Trademark? A Trademark is an Intellectual Property Right that includes logos, signs,...
Gregoris Philippou·17 Oct 2020Corporate5 min read
Understanding Tradenames in Cyprus
This post explains what is a tradename and how tradenames are protected and regulated in Cyprus. What is a Tradename? A Tradename or a Business name is the name under which the proprietor or the...
Gregoris Philippou·17 Oct 2020Corporate4 min read
Copyrights in Cyprus
What are copyrights and how they are protected in Cyprus? What is Copyright? Copyrights are Intellectual Property rights, which include artistic work, music, sound recordings, motion pictures,...
Gregoris Philippou·17 Oct 2020Corporate4 min read
Re-building the Cyprus economy after the Covid-19 Pandemic
Economic concerns are gradually replacing the healthcare concerns of Covid-19 as it seems likely we will be facing an unprecedented economic downturn. At the core are problems on the global supply,...
Gregoris Philippou·17 Oct 2020Litigation6 min read
Rights of Beneficiaries in Cyprus Trusts
This guide gives an overview of the rights of beneficiaries of trusts under Cyprus law and how these can be varied. A beneficiary is several times referred to as the true owner of property on trust....
Gregoris Philippou·17 Oct 2020Corporate3 min read
Transforming Paphos' Hospitality: Hotel Acquisition & Renovation
A group of Israeli investors was interested in buying and renovating a hotel in Paphos. The hotel was owned by a company whose shares had been foreclosed by the Alpha Bank, giving the bank the...
Gregoris Philippou·17 Oct 2020Corporate3 min read
Our Success in Slashing Software Company Tax by 97.5%
Two English partners created software for professionals being sold in the UK, Australia, and New Zealand. They had initially set up a structure in St Kitts and Nevis to avoid taxation in England. In...
Gregoris Philippou·17 Oct 2020Corporate3 min read
How we helped an international estate agency expand to Cyprus
Malta’s leading estate agency was interested in starting its international expansion from Cyprus. As with any company that wishes to expand to a new country successfully, it faced challenges such as...
Gregoris Philippou·17 Oct 2020Property4 min read
Facilitating Investor-developer joint venture in Cyprus: A Success Story
A fast-growing developing company in Cyprus wanted to increase its brand awareness and to further infiltrate the Russian market. It decided that the best way to do this was via a joint venture with a...
Gregoris Philippou·17 Oct 2020Property3 min read
How we helped two English couples get their Cyprus title deeds after 10 years
Two English retired couples, Mr. and Mrs. D and their neighbors Mr. and Mrs. P had purchased detached villas, part of a larger project, on the seafront in Paphos from a small developer. At the time,...
Gregoris Philippou·17 Oct 2020Litigation6 min read
Helping a Russian businessman get a quick and clean exit from a partnership gone bad
Mr. S, a Russian businessman, invested in a car-rental business in Paphos, Cyprus, owned by a close family friend of his, Mrs. J, who was facing financial problems. The car rental business appeared...
Gregoris Philippou·17 Oct 2020Litigation5 min read
Resolving a Russian businessman’s multimillion international dispute
A Russian businessman, Mr. P, who made a multi-million investment in shares in a Russian Bank through Cypriot companies and trusts. Mr. P had instructed one of his partners to set up the shareholding...
Gregoris Philippou·17 Oct 2020Litigation6 min read
Wills, Trusts and Probate in Cyprus FAQ
Frequently asked questions on Wills, Trusts and Probate in Cyprus What do we mean by estate planning?Estate planning refers to the preparations for the transfer of assets of someone upon his or her...
Gregoris Philippou·17 Oct 2020Immigration7 min read
FAQ Cyprus Immigration 2020
Cyprus Investment Program How can I get Cyprus citizenship?There are four ways to obtain a Cyprus passport: (a) You can get it by descent (heritage), (b) by marrying a Cypriot Citizen, (c) by legally...
Gregoris Philippou·17 Oct 2020Litigation6 min read
Litigation in Cyprus FAQ
What type of legal system does Cyprus have?Cyprus has a common law legal system. The English legal and equitable principle are followed in Cyprus unless there is a contrary provision in our statutes...
Gregoris Philippou·17 Oct 2020Corporate4 min read
Corporate and Commercial law in Cyprus FAQ
How can I invest in Cyprus?-As an individual-Through a company-Through a trust-Through a limited or unlimited partnership-A combination of all the above How can I establish a Joint Venture in...
Gregoris Philippou·17 Oct 2020Property5 min read
8 Considerations to have in mind when buying property in Cyprus
What shall you have in mind when buying property in Cyprus? Investing in any country is an inherently risky concept. While certain risks are common in investments globally (such as market risks where...
Eleni Philippou·17 Oct 2020Property5 min read
5 things to consider for an easy property sale in Cyprus
Summary Selling a property in Cyprus may cause inconvenience, stress and anxiety. We suggest 5 steps to take when selling a Cyprus property to do it safely, quickly and safe free. 1. Get proper...
Eleni Philippou·17 Oct 2020Property4 min read
Should you buy a Cyprus property without title deeds?
Many foreign investors and local buyers have concerns when the Cyprus property they are interested in does not have a title deed, or rather a “separate title deed”. This article explains why this may...
Eleni Philippou·17 Oct 2020Immigration3 min read
Assisting a foreign investor conclude his property acquisition safely and obtain a Cypriot passport
Mr. J, an Asian businessman was interested in investing in real estate in Cyprus and applying under the Cyprus Investment Program for Cypriot citizenship. He was interested in both diversifying his...
Eleni Philippou·17 Oct 2020Property5 min read
Navigating a Joint Property Purchase in Cyprus for an Unmarried Couple
An unmarried English couple found a re-sale property to purchase in Cyprus to use as a holiday home when the. The process started smoothly as the due diligence we conducted came out clear, and the...
Eleni Philippou·17 Oct 2020Litigation3 min read
Devising a mechanism to achieve an innovative and flexible restriction on property title
Mr. E had an English Court of Protection Order against him for being incapacitated to make decisions and two solicitors had been appointed to act as his deputies. Mr. E’s doctors had advised that he...
Eleni Philippou·17 Oct 2020Property7 min read
Property law in Cyprus FAQ
Frequently Asked Questions on Cyprus Property How can I buy a house or apartment in Cyprus?After you find the property you would like to buy, you should appoint a lawyer to do the due diligence and...
Eleni Philippou·17 Oct 2020Corporate5 min read
Company Registration in Cyprus - FAQ
How can I register a company in Cyprus?Once you contact us, we will send you the company registration form which includes the essential information you need to fill in. The required information is...
Gregoris Philippou·12 Oct 2020