Blog
Practical articles on Cyprus law, taxes, immigration, property and business — written by Olga Papadimitri.
Increasing the amount of the social contribution from the beginning of 2024
From January 1, 2024, the rate of contributions to the social insurance fund has increased in Cyprus. For employees, the total contribution is set at 22.8%: 8.8% is paid…
PAYMENT OF FINES ISSUED AFTER FIXING TRAFFIC VIOLATIONS BY TRAFFIC CAMERAS
You can pay the fine through the website www.jccsmart.com (the user will need to enter the serial number of the fine notice and vehicle registration number, and then pro…
Revised VAT Reduction Scheme for Purchasing or Building New Houses in Cyprus
The real estate market in Cyprus has recently witnessed significant changes to the Value Added Tax (VAT) reduction scheme for individuals interested in purchasing or bui…
NEW REQUIRMENTS FOR VISITORS
As from 1st of January 2023 the requirements for Visitors will change and will be as follows: As for renewal of the status of Visitor’s will be as 1st of May 2023 as the…
On 30/11/2022, the Council of Ministers approved the Amendment of the Policy for the Registration of Companies in the Register of Foreign Interest Companies.
The Decision modifies the eligibility criteria of foreign interest companies and specifically includes the criterion of a company’s obligation to prove an initial invest…
Снижение НДС при покупке новой недвижимости на Кипре
С 1 октября 2011 года при покупке недвижимости на Кипре может применяться пониженная ставка НДС в размере 5% (по сравнению со стандартной ставкой НДС 19%). Это касается…
Employment of third-country nationals
The Companies admitted to hiring foreign employees through the Business Facilitation Unit (BFU) and admitted by the Migration Office can hire highly qualified third coun…
Conventional and corporate law
In addition to establishing and supporting Cyprus companies, as well as international companies in so-called "offshore" jurisdictions, Olga Papadimitri's law office in L…
Introduction of social security funds' electronic system "ERGANI" and new deadlines for filing notifications on the recruitment of employees
The Department of Social Insurance Services announced that as of September 13, 2021, the amendments to the provisions of the Social Insurance Regulations of 2017 (PIO 16…
ВЫДАЧА РАБОЧИХ ВИЗ (УПРОЩЕННЫЙ ПОРЯДОК ДЛЯ КОМПАНИЙ С ИНОСТРАННЫМИ СОБСТВЕННИКАМИ / ИНОСТРАННЫМ ИНТЕРЕСОМ)
В октябре 2021 года была одобрена новая Политика выдачи разрешений на проживание и работу для кипрских компаний с иностранным интересом , т.е. компаний, в акционерном ка…
КАТЕГОРИИ СОТРУДНИКОВ ДЛЯ ПОЛУЧЕНИЯ РАБОЧЕЙ ВИЗЫ
Компании, отвечающие критерию «иностранного интереса» ( см. статью ВЫДАЧА РАБОЧИХ ВИЗ (УПРОЩЕННЫЙ ПОРЯДОК ДЛЯ КОМПАНИЙ С ИНОСТРАННЫМИ СОБСТВЕННИКАМИ / ИНОСТРАННЫМ ИНТЕРЕ…
«УСКОРЕННАЯ АКТИВИЗАЦИЯ БИЗНЕСА» - ПРОГРАММА ПО ПРИВЛЕЧЕНИЮ БИЗНЕСА НА КИПР
Уже год, как был запущен «Механизм ускоренной активации бизнеса / Fast Track Business Activation» с целью привлечения иностранного бизнеса на Кипр, а также предоставлени…