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Cyprus UBO Registry Updates: Deadlines Extended, Penalties Restructured and Enforcement Enhanced

On 16 December 2024, the department of the Registrar of Companies and Intellectual Property (RCIP) published a directive introducing the changes that come into force in the form of the Prevention and Combating of Money Laundering from Illegal Activities (Amendment) (No. 2) Law of 2024, N.141(I)/2024, which was published on 06 December 2024. Below are

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How to incorporate your business in Cyprus: A complete guide

Cyprus is one of the most business-friendly jurisdictions in Europe. It has a competitive corporate tax rate of 12.5%, which is one of the lowest rates in the EU. Cyprus also offers generous tax exemptions for companies, such as an exemption from tax on foreign dividend income and profits from foreign permanent establishments.   In

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Start-up Visa

With the recent modifications to its Start-Up Visa Scheme, Cyprus is taking bold measures to solidify its reputation as a centre for innovation and entrepreneurship. The modifications, which will take effect on January 1, 2025, are designed to attract senior executives and start-up founders from non-EU countries by providing new incentives and increased flexibility. The

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