News & Publications

Inclusion in Legal 500 EMEA 2017

We are proud to announce that the law firm of G. Vrikis & Associates LLC has been ranked amongst the top law firms in Cyprus and has been included in the Legal 500...

Cyprus – Loans Between Related Parties To No Longer Have Minimum Acceptable Margins

In accordance with relevant notification by the Cyprus Tax Department, there will be a termination of the current tax practice in relation to the minimum acceptable margins on loans granted to related parties....

Cyprus – Special Scheme for Innovative Businesses

Earlier this month, the Cyprus government approved a new scheme aimed at attracting innovative start-ups to establish their business operations in Cyprus and thus benefit from its advantageous tax regimes offered to individuals...

Cyprus – Special Contribution on Salaries abolished

As of the 1st of January 2017, the Special Contribution which was imposed on gross monthly earnings for salary-based employees and the self-employed and private sector pensioners in Cyprus has been abolished. This...

Cyprus And India Sign a Double Tax Treaty

As of mid-November, the Republic of Cyprus and the Republic of India signed a Double Tax Treaty in relation to taxation on income.

Work Permit Application For Employees of International Companies

A. ELIGIBLE COMPANIES All companies of foreign interests, including international companies (ex-IBCs), in order to be eligible to employ third country nationals in Cyprus, should fulfil the following:

Cyprus Government updates the Cyprus Citizenship by Investment Scheme

As of September 2016, Cyprus has proceeded with amending the criteria for its Citizenship by Investment Scheme. Under the amended legislation, the criteria set forth make the obtaining of the Cyprus Citizenship even...

Summary of Procedure for Registering a Branch in Cyprus

A. Introduction The ability of foreign entities to register a Branch in the Republic of Cyprus has been available for many years, and is covered by Section 347 of our Companies Law, Cap....
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