The Cyprus Government has announced the revised criteria under which foreign (Non EU) nationals may obtain Permanent Residency in the country, in an attempt to increase foreign investments in areas other than Real Estate. These amendments were made effective on the 24th of March 2021. LEGAL FRAMEWORK In pursuance of the provisions of Regulation 6(2) of
Important and Mutually beneficial agreement Amendment of the Agreement for the Avoidance of Double Taxation between the Republic of Cyprus and the Russian Federation The Ministry of Finance is expressing its satisfaction for the conclusion on 10th August 2020, of the extensive negotiations on the Agreement for the avoidance of Double Taxation between the Republic
Cyprus and Switzerland signed on July 20th 2020 a protocol for the avoidance of double taxation. The agreement was signed between Finance Minister Constantinos Petrides and the Ambassador of Switzerland to Cyprus Dr Pierre-Yves Fux in Nicosia. The signed Protocol introduces, among others, the minimum standards of the Base Erosion and Profit Shifting (BEPS) actions