Stella Strati

Private client and Tax Law – Global Mobility Is your jurisdiction developing immigration legislation to deal with ‘digital nomads’ – and if so, how is this set to change in the year ahead? Globally there is the shift to remote working. Following this trend, the Cyprus Ministry of Interior Affairs has introduced, since January 2022,…

The Cyprus Income Tax Law, as recently amended, introduces Transfer Pricing (“TP”) studies documentation compliance requirements, in accordance with the OECD Guidelines. Summary of key amendments and key TP rules: Defining the connection between related parties A threshold of 25% has been introduced, and therefore: Companies are considered related if one person or group(s) of…

PROVISIONAL TAX What is this tax?The provisional tax is actually the payment in advance of this year’s income tax. It is paid by two equal installments, on the 31st of July and 31st of December of each year (in two equal installments – for the given year). The assessment and the payment of the 1st installment…

Given the constantly changing global corporate environment, shifting business needs and closer scrutiny in an effort to prevent and suppress money laundering and profit shifting, as well as the requirement for enhanced substance, companies are being called to re-evaluate and challenge their existing structures. Company migration, also known as re-domiciliation, to Cyprus seems to be…

During a meeting held in Moscow between the Minister of Finance of the Republic of Cyprus and the Deputy PM of the Russian Federation on the 10th of August 2020, an agreement was reached on updating the Convention for the Avoidance of Double Taxation (‘DTT’) between the two countries. The revised protocol is expected to…

Cyprus remains one of the safest countries to visit, work and live despite the COVID-19 pandemic. Cyprus established itself as a consistent international and regional business centre and is also praised for the efficient reaction and handling of the pandemic which should reassure visitors, investors and residents making plans to visit the island for business…

Cyprus remains one of the safest countries to visit, work and live despite the COVID-19 pandemic. Cyprus established itself as a consistent international and regional business centre and is also praised for the efficient reaction and handling of the pandemic which should reassure visitors, investors and residents making plans to visit the island for business…

Within the framework of the support package introduced by the Government of Cyprus to support companies and businesses affected by the emergency restrictions imposed to prevent the spread of COVID 19 virus, the Department of the Registrar of Companies of Cyprus (the “ has announced the following measures on the 23th of March 2020: The…

Milto Charalambous certified Anti-Money Laundering Specialist Our Assistant Compliance Officer, Milto Charalambous, has successfully completed the CAMS (Anti-Money Laundering Specialist) certificate. She now has the core competencies and essential knowledge in the Anti-Money Laundering field. Milto joined our group in 2019 and she has since been working closely with regulatory compliance and AML law and…