Companies of Foreign Interests in Cyprus and the employment of Third Country Nationals. Essential Information You Should Be Aware Of! A company registered in Cyprus is permitted to hire nationals from third countries, as long as specific conditions and requirements are met. Eligibility criteria of a Company to employ third country nationals: For a Cyprus […]Read More

Understanding the 5% reduced VAT scheme for property purchases in Cyprus. When acquiring a new property in Cyprus, the buyer is required to pay the applicable VAT charge of 19% on the purchase price. However, according to Law 42 (I)/2023, Cyprus offers a scheme that reduces the VAT rate to 5% for property purchases, provided […]Read More