Cyprus International Trusts: A Strategic Path to Wealth Preservation and Management
A Cyprus International Trust (CIT) is one of the most robust legal tools for protecting wealth and managing assets globally. Whether you’re an international investor, a high-net-worth individual, or planning for your family’s future, a CIT offers unparalleled advantages in privacy, tax efficiency, and asset…
Cyprus Strengthens Tax Compliance While Enhancing Competitiveness
This year, Cyprus has taken decisive action to leverage its position as a key center for international business. Amid global pressures to align with international tax standards, the country has introduced targeted tax reforms to stay competitive while ensuring compliance. Below are the main updates…
Cyprus’s Updated Tax Laws: Impact on Interest Income Taxation
Recent amendments to Cyprus’s tax laws have sparked discussions among savers and investors due to the increased interest rates and their implications on interest income taxation. The government of Cyprus has implemented significant changes, effective from 1st of January 2024, affecting the taxation of passive…
Updated Double Tax Treaty between Cyprus and France
The Cyprus-France Double Tax Treaty underwent revision and was officially signed on December 11, 2023, with the announcement made in the Official Gazette on December 22, 2023. Replacing the previous agreement from 1981, the new treaty awaits activation upon the exchange of ratification instruments, with…