Recent news
Latest items of recent news relevant to Cyprus as reported in our fortnightly newswire ‘Dernières nouvelles’.
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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Cyprus: Cyprus and Russia agree to amend Double Tax Treaty
Cyprus has agreed to capitulate to Russia’s demand to impose a new 15% withholding tax on outflows of capital arising from dividends or interest …
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Cyprus: Coronavirus: revised list of countries for travel to Cyprus
The categorisation of countries according to their epidemiological situation has been updated regularly by the Ministry of Health …
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Cyprus: Obtaining a Cyprus Flight Pass through the electronic platform
All those planning to travel to Cyprus must first fill out the required documents here electronically within 24 hours prior to their flight departure, to obtain a CyprusFlightPass for boarding purposes …
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Cyprus: Guidelines for precautionary measures to be taken at the workplace
The government has produced detailed guidelines for precautionary measures to be taken at the workplace during the present health crisis …
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Cyprus: Bank guarantee requirement abolished
Employers no longer need to submit a bank guarantee to the Civil Registry and Migration Department for the purposes of applying for a work permit for a non-EU employee …
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Cyprus: Restrictions are gradually lifted
The lockdown across the country has been particularly restrictive since mid-March, but it is now being lifted in several stages, each 17 days apart …
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Cyprus: Increased Gesy contributions for one month only
Employees will be charged a reduced-rate contribution of 1 …
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Cyprus: Validity of residence permits for seasonal employment extended by 3 months
Due to the extraordinary measures that have been taken to tackle the pandemic, the period of validity of residence permits for seasonal employment has been extended by 3 months …
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Cyprus: Court procedure for evicting defaulting tenants amended
Companies sometimes possess property used by employees whilst they are employed by the company …
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Cyprus: MPs give government minimum wage deadline
The government has been given until May by Members of Parliament to put forward its proposals for a universal national minimum wage …
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Cyprus: Higher social contributions burden both employees and employers
With effect from March 1st 2020, employees’ contributions to the General Health System, or GESY, will increase to 2 …
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Cyprus: Efforts for Cyprus to join US Visa Waiver Programme stepped up
There could soon be developments regarding US visa waivers for Cypriots from the Greek speaking zone …
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Cyprus: Pay deals signed in banking sector bring fragile stability
An agreement has been reached between two leading banks – the Bank of Cyprus (BoC) and Astrobank – and the trades union ETYK …
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Cyprus: Government submitted application to enter Schengen area in September
The Ministry of Foreign Affairs announced to the National Parliament this week that they have applied for admission to the Schengen free-movement zone …
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