The Schengen area started 40 years ago in March 1985, as an intergovernmental project between five European Union countries – France, Germany, Belgium, Netherlands and Luxembourg- who signed the initial agreement. In 1990, the agreement was strengthened through the signed agreement at the Schengen convention, and in March 1995, the Schengen area expanded to include...
A Mediterranean Haven for Remote Workers What are digital nomads and is why is the movement growing so quickly? Digital nomadism is a highly popular and growing trend all over the world. Big companies are already head hunting for highly-skilled personnel without the limitation of having to select workers from the same country they are targeting to enter the...
General Overview of Cryptocurrency Taxation Cryptocurrency taxation in Cyprus depends on how digital assets are used, whether for personal investment or business purposes. The tax treatment varies based on the frequency and nature of transactions. Taxation for Individuals In Cyprus, crypto-related gains are generally treated as income, but different rules apply...
Starting a business in Cyprus means choosing between working as a sole trader (self-employed) or setting up a company. Each choice comes with its own legal and financial responsibilities, so it’s important to understand the differences before deciding which is right for you. What Does It entail to Be a Sole Trader? A sole trader is an individual who runs a...
Cyprus has established itself as a premier destination for international investment, largely due to its highly favorable tax system which is considered to be one of the most attractive tax regimes within the European Union A key component of the advantages offered by the tax framework is the country’s extensive network of Double Taxation Treaties (DTTs). Cyprus has...
In March 2024, the UK chancellor announced plans to phase out the non-dom tax regime. Following the recent elections, it was announced that this tax regime will be abolished by 06 April 2025. What exactly is non-dom (Domicile)? Non-dom is a British tax status that has been available since the French Revolution. Domicile comes from the Latin word Domus which means house...
The real estate market in Cyprus is full of investment opportunities, ranging from newly developed locations and high-end apartments to luxury beachfront villas. In this article, we will provide you with a simple guide for the most important things you need to know before you decide to buy a property in Cyprus. Cyprus is a small island country in the eastern Mediterranean...
Are you thinking of moving to Cyprus and you are in search of a house or property?In this article, you will learn all you need to know about the procedure of how foreign citizens can open an account in the Republic of Cyprus.Imagine that you find a huge opportunity whether it’s for investment or housing purposes, and you are not ready to make a bid. It is very important to be prepared, and ready...
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