Blog > Announcements
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Russian – Cypriot Double Tax Treaty (Part. 2 – Negotiation)
Following our recent announcement, on the 03rd of August, 2020, the Russian Ministry of Finance announced its intention to initiate the process of reviewing and amending the provisions of the Double…
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Announcement – Town Planning Authority
The Government of the Republic of Cyprus, via the implementation of a series of drastic interventions, continues to support the development of the constructions’ industry by (a) the renewal of…
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Russian – Cypriot Double Tax Treaty (Part. 1 – Proposed Changes)
The Republic of Cyprus (Cyprus) and Russia had entered into a Double Tax Treaty (DTT) in 1998 in a joint effort to avoid the double taxing of income and capital generated in…
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Department of Registrar of Companies & Official Receiver – COVID-19 Announcement
As part of the measures taken by the Government to support Companies and businesses affected by the restrictive measures imposed in an attempt to limit the spread of Coronavirus, the…
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Announcement – Coronavirus (COVID-19)
Dear valued Clients and Associates, Although the COVID-19 outbreak has admittedly created challenges to all the Organisations worldwide, we would like to assure you that G.C Charalambous & Co LLC will continue…
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Department of Registrar of Companies & Official Receiver: Measures to Assist Companies Affected by Coronavirus
In the context of the measures taken by the Government to support companies / businesses affected by the restrictive measures imposed to limit the spread of Coronavirus, the Department of…
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Extension for submission of Ultimate Beneficial Owners (UBO) data
Based on the provisions 4 and 5 of the Directive Κ.Δ.Π. 112/2021 regarding the Ultimate Beneficial Owners (“UBO Registry“), every Cyprus Company is obliged to report the details of its Ultimate Beneficial Owner(s) with the UBO Registry. The Registrar of Companies announced that the submission period…
Blog > Announcements
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Benefits of Non-Dom tax residents in Cyprus
The Republic of Cyprus has an open economy, characterized by a remarkable resilience over the years. As we are reaching the yearend 2021 and by looking at the recent past,…
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Briefly the Stamp Duties in Cyprus
According to the Stamp Duty Law (19/1963), stamp duties are paid in Cyprus, only if: (a) the contemplated asset is situated in the Republic of Cyprus; or (b) the contemplated matters / or things will…
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Contract’s Specific Performance
If you are the Purchaser or the Seller of real estate in Cyprus, you should know your rights / obligations and be rather diligent as to the transaction you are…
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Quick snapshot of the Capital Gains Tax (“CGT”) in Cyprus
Tax residents and Companies registered in Cyprus are subject to CGT when disposing their immovable property. CGT is calculated as the difference (profit) between the sales proceeds and the initial cost of the…
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What is the “Aliens’ Permit”, which is required for the acquisition of real estate in Cyprus?
This is a Permit issued by the Council of Ministers in Cyprus, as stipulated in article 3 of the Acquisition of Immovable Property (Aliens) Law Cap. 109. According to the Law,…
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“ERGANI” – Register as an Employer in Cyprus
The amendments to the Social Insurance Law (167/2017) affecting Employers in Cyprus are applicable from the 13th of September, 2021 (the “Effective Date”). You should be aware of the following critical points: 1. From now and onwards, the Application to register as…