The Foreign Direct Investment Guide is now live. Read here. The FDI Guide is the latest in our digital series, which will be followed by the sector guides listed below in the weeks ahead. Upcoming Sector Guides Banking & Financial Services/Investment Funds Construction & Real Estate Energy: Oil & Gas Energy: Renewables Research & Innovation […]
On 24 January 2022, the Cyprus Tax Department published a list of frequently asked questions that clarify certain provisions the Interpretive Circular 3, dated 30 June 2017, titled “Tax treatment of intra-group back-to-back financing transactions” (Circular 3). About Circular 3 Circular 3 applies to Cyprus tax resident companies and to permanent establishments of foreign companies […]
Read MoreFAQ to the Circular 3 on Back-to-Back Financing Transactions – Courtesy of KPMG
The Minister of Health within his speech today (full speech here in English) announced that the Council of Minister has approved the following: (α) as of 28 January 2022, the replacement of the PCR laboratory test with rapid antigen tests (rapid test) on the 7th day as referred to in the protocol for management of close […]
As 2022 begins, we take the opportunity to share our outline on last year’s key highlights. To this end, please see attached and below in a more read-friendly format a letter addressed to you, our members of the Cyprus International Businesses Association. CIBA Letter from General Secretary for Year 2022 Thank you for your constant […]
Read MoreLooking Back – Moving Forward: CIBA Letter by General Secretary as Y2022 begins
On the basis of the decision of the Council of Ministers of 21 December 2021, as announced here in English, the period of validity of the Certificate of Recovery is reduced from 180 days to 90 days. This change will apply as of 31 January 2022 to all holders of the Certificate, regardless of whether they have […]
The Cyprus Headquartering Guide is now live. Read here. The Headquartering Guide is the latest in our digital series, which will be followed by the sector and topic guides listed below in the weeks ahead. Upcoming Sector Guides Banking & Financial Services/Investment Funds Construction & Real Estate Energy: Oil & Gas Energy: Renewables Research & […]
As per latest announcement here in Greek, the Ministry of Health informs the citizens that from January 17, 2022, the release of people positive for COVID-19 will be done automatically after the completion of ten days of self-isolation from the date of test with the first positive result, with day zero being considered the date […]
Read MoreCOVID 19 Release Protocol Review and Automation of the Release Process
The Limassol Chamber of Commerce and Industry (LCCI) are organising an event with the Indian High Commission ”Ways to Expand India-Cyprus Trade and Investment Ties” and are inviting the CIBA Members, as well as the general public of the International Business community to participate. For more information regarding the event: India – Cyprus event Registration […]
Revised measures have been announced today by the Minister of Health Mr. Michalis Hadjipantelas as follows (full statement in Greek here): from January 17 to February 16, 2022, the integration of the measure “test to stay” in Primary and Secondary education, with the aim of schools to remain in operation and to detect in a […]
The Ministry of Health has issued updated instructions on how to manage COVID 19 cases and their close contacts here. The Full instructions documents in Greek Οδηγίες για στενές επαφές κρούσματος COVID19 8.1.2022 and English 08012022_instructionsforself-isolatingathome_EN here. 1. POSITIVE INCIDENT MANAGEMENT: Upon announcement of a positive result after Rapid antigen test or PCR test (molecular test), […]
Read MoreUpdated instructions for managing COVID-19 cases and their close contact, 10/01/2022