The Central Bank of Cyprus issued an amendment to the Directive regarding money laundering and terrorist financing following the international trend towards stricter AML regulation of the banking services industry. The main provisions of the amendment are: Enhanced “Know-Your-Client” [...]

ccording to the Department of Lands and Surveys the total number of property transactions during the first quarter of 2016 rose by 24% compared to the first quarter of 2015. The increase is attributed to the improvement of the [...]

The Registrar of Companies announced that the number of new companies registered in Cyprus during the first five months of 2016 rose by 24% compared to the same period of 2015. The increase is attributed to the recent amendments [...]

On 24 May 2016 a tax treaty was signed between Cyprus and Latvia. The treaty provisions will take effect on the 1st of January following the exchange of notification of ratification between the two states. The most significant provisions of [...]

The tax treaty between Cyprus and Bahrain entered into force and its provisions will take effect on the 1st January 2017. The most significant provisions of the treaty are as follows: Dividends, interest and royalties: These will only be [...]

Amendment of the Treaty Signed Between Cyprus and Ukraine To open, download and save this document in PDF format please click here.   An agreement was reached between Cyprus and Ukraine that will amend the existing Tax Treaty between the [...]

Tax Treaty between Cyprus and Iran   To open, download and save this document in PDF format please click here.   On 4th August 2015 a tax treaty, which is based on the OECD model treaty, was signed between Cyprus [...]