Recent news
Latest items of recent news relevant to Cyprus as reported in our fortnightly newswire ‘Dernières nouvelles’.
Cyprus: House passes law extending maternity leave for second child and above
Paid maternity leave has been extended for mothers with two or more children …
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Cyprus: Vaccination leave
Employees are now entitled to a special leave of absence on the days of vaccination against COVID-19 …
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Cyprus: Coronavirus cases are climbing rapidly
Coronavirus cases are climbing rapidly, reaching 429 cases on 30th June 2021, from a seven-day average of just 52 recorded on 12th June 2021 …
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Cyprus: Income tax treaty with the Netherlands
The first double taxation treaty to be concluded between Cyprus and the Netherlands …
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Cyprus: Issuance of COVID-19 vaccination certificate
Those living in the Republic and intending to travel abroad in June 2021 may visit these locations to obtain a COVID-19 vaccination certificate …
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Cyprus: Commencement of Beneficial Owners Register of Corporate and other legal entities
The electronic service, registration of beneficial owner particulars for companies and other legal entities is now available under the section e-filing services of the Companies Section website …
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Cyprus: New bill lays out revised criteria for naturalisation
A new bill that revises the criteria for foreign citizens to obtain naturalisation has included new qualifications …
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Cyprus: New system for paying social insurance contributions presented
Employers are now able to pay their social security contributions online via the new online portal named SISnet …
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Cyprus: New Amendments to DTT with Russia
The revised double taxation agreement concluded between Russia and Cyprus has now come into force …
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Cyprus: Government okays schemes tackling unemployment
Two incentive plans for Unemployment and Employment of Young People (NEET, aged 15–29) both offer employers a grant of up to €8,600 (US$10,026) for a period of 10 months for every new recruit made through the schemes …
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Cyprus: Citizenship by investment scheme closed
The Citizenship by Investment Scheme, which allows applicants to obtain a Cyprus passport based on a significant real estate and/or business investment, has just been terminated by the government …
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Cyprus: Special training plan for employees in certain economic sectors affected by the pandemic
Eligible companies may now apply for a grant of €1,000 (US$1,165) from the Human Resources Development Authority (HRDA) to cover the cost of diagnosing training needs and preparing a training plan …
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Cyprus: Support measures to address the consequences of the Covid-19 Coronavirus as regards employment and enterprises
A request for €479M (US$567M) to finance government employment support projects remains pending from the Council of the European Union …
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Cyprus: Council of Ministers approves the creation of a Fast Track Business Activation Mechanism
Under the newly established “Fast Track Business Activation Mechanism”, all necessary official procedures for the registration and incorporation of a company will be completed within 7 working days, or 30 working days if extra permits are requested (with the exception of building and planning permits) …
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