Corporate Tax 2023
1. Types of Business Entities, Their Residence and Basic Tax Treatment 1.1 Corporate Structures and Tax Treatment Businesses in Cyprus generally adopt a corporate form. The most common type of corporate form is that of a private (or public) limited liability company with shares. A Cyprus company is fiscally opaque for tax purposes; therefore, it …
Large-Scale Real Estate Developments in Cyprus
Patrikios Pavlou & Associates LLC is a top-tier full service law firm based in Cyprus with significant expertise in the local and international legal market.
Sanctions relating to vessels
When advising on sanctions, the lawyer providing the relevant advice should be extra careful to cover all angles of the specific transaction.
Crowdfunding Service Providers – Cyprus update
As access to funding via traditional routes becomes increasingly challenging and expensive, crowdfunding is gaining notable popularity.
Revised Cyprus Permanent Residence Permit Criteria – Investor Visa
The Cyprus Minister of Interior has revised, pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the criteria and processes for the issuing of Permanent Residence Permits to individuals investing in Cyprus under the relevant scheme, with effect as from the 2nd of May 2023.
Project Finance 2023 by International Comparative Legal Guide
Our partners Stella Strati and Stylianos Trillides have written a comprehensive article on the project finance landscape in Cyprus!
Tax incentives for relocation to Cyprus – Updated
As of 26 July 2022, by the enactment of the Income Tax Law (Amending)(No.6), a new tax incentive scheme has been incorporated in the Cyprus Income Tax Law (Law 118(I)/2002 as amended) (the “Law”), in an attempt to attract talented professionals from all over the world, in Cyprus.
Turkish Competition Authority’s Vigilance on Digital Markets: Examining Recent Initiatives and Their Implications
In line with the global trend, the Turkish Competition Authority (the “TCA”) has recently displayed a remarkable level of interest in addressing competition concerns on digital markets.
Investigation into the Small Household Appliances Sector Concluded with Settlement Procedure!
The Turkish Competition Authority (“TCA”) initiated a full-fledged investigation (“Investigation”) against Korkmaz Mutfak Eşyaları San. ve Tic. A.Ş. (“Korkmaz”), Gençler Ev Araç ve Gereçleri Pazarlama Tic. A.Ş. (“Gençler”) and Punto Dayanıklı Tüketim Malları İth. İhr. Tic. Ltd. Şti. (“Punto”).
Unveiling the Distinction: Turkish Competition Authority Clarified “Mergers” and “Acquisitions” under Turkish Merger Control Regime
With its decision dated 17 March 2022 and numbered 22-13/205-88, the Turkish Competition Authority (“TCA”) cleared the transaction concerning the merger of Slim Fusina Rolling S.R.L. (“Slim Fusina”) and Niche Fusina Rolled Products S.R.L. (“NFRP”) (the “Transaction”) on the grounds the Transaction does not significantly impede effective competition.