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Monthly Archive for: ‘September, 2012’

Permanent Residence Permits – Invest in Cyprus – 13/9/2012

  In an effort to attract foreign investors the Republic of Cyprus has put in place new and accelerated procedures for granting Immigration Permits to applicants who are third party nationals and intend to invest in the Republic. It is estimated that the examination process of the application shall not exceed one or two months. Based on the new provisions …

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Cyprus Tax Treatment of Royalties – 13/9/2012

  On 24th May 2012, the House of Representatives of Cyprus voted on a number of amendments to the Income Tax Law in order to establish Cyprus as a favorable jurisdiction for companies owning any kind of intellectual property rights, patents and trademarks (collectively referred to as IPRs). The amendment comes into effect from the 1st of January 2012. Tax …

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