Recent news

The gross minimum monthly salary for those working in the hotel industry as a “Receptionist B” is now €1,147 (US$1,212) …

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Cyprus is the only member of the European Union that is physically in the Levant region of Western Asia …

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Public consultation on draft legislation implementing Pillar Two of the minimum tax initiative will run until 31st October 2023 …

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The House of Representatives has just confirmed an amended scheme to encourage foreign nationals and Cypriot diaspora to work in the country …

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Employees, whose gross total income for the year 2022 was greater than €19,500 (US$20,717), have been relieved for a further month from submitting their tax return and paying taxes due …

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Since February 2022, a reduced tax rate for above average earners has attracted 1,600 companies to move their head offices to Cyprus to benefit over 14,000 of their senior employees …

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The deadline for the submission of the electronic Income Tax Return for employees who do not prepare audited financial statements (Form T …

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From 1st January 2024, a new framework will be established for nationals of either country to be taxed when they take up work in the other country …

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The minimum investment remains unchanged at €300,000 (US$326,000) through purchase of personal property, or a company based in Cyprus employing at least five people …

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Based on provisional data, over the year to Q4 2022, the official average gross monthly earnings of employees increased by 5 …

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As the corporation tax rate rises back to 25% from 19% in the UK and remains doggedly well above 20% across much of western Europe, it is curious why Shareholders and Board Members do not insist that the company reregister in Cyprus – where corporation tax is still at 12 …

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Employers may now hire skilled foreign employees with the lure of a 20% reduction on income tax burdens if they had not worked in Cyprus for the previous three years …

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During an address at a business conference in Limassol, the Interior Minister, Nicos Nouris, revealed that until the end of 2026, existing foreign interest companies operating in Cyprus will be able to hire as many workers from outside the European Union as they desire …

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Agreement has finally been reached on a national minimum wage …

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Natural gas discoveries nearing exploitation, but are multinationals ready for the next gulf-style state – this time within the European Union? As Russian gas supplies are gradually being turned off across Europe, where will the future gas energy supplies come from? Back in 2011, a large reservoir of 4 …

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