Archive for Category: Working in Cyprus

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Using a Cyprus Investment as a Special Purpose Vehicle

Have you ever thought about purchasing real estate as an investment in Cyprus or abroad? Foreign tax jurisdictions are growing increasingly complex and strict in constantly finding new ways to challenge the effectiveness of tax structuring via global financial centres and how they’re regulated by foreign authorities. Unsurprisingly such...

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Employee Rights & Obligations in Cyprus Employment Law

Generally speaking, the labour laws in the Republic of Cyprus are extremely transparent and informative. This means that current legislation clearly states duties of companies and employers overall to give rights to employees in the event of a dispute or wrongdoing on behalf of either party contract to an...

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Cyprus Employment Law: Different Contract Types

Cyprus Employment Law makes a clear distinction  between an employment contract for service and a contract for multiple services. The current system in Cyprus is effective, fair and companies generally aim to follow the legislation carefully, like most countries in Europe. The law identifies two types of employment contracts for Cyprus companies:...

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Why Foreign Workers Can’t Work in the Public Sector in Cyprus

Many people arrive in Cyprus without having previous employment, hoping to find work there, so after you start working for a new company, what about your rights as an employee in Cyprus and the employment laws on the island? The legislation regarding employment in Cyprus currently states that the...

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Why do Russian Businesses Enjoy Doing Business in Cyprus?

Russian businesses and Entrepreneurs alike have always been interested in Cyprus as a business centre, mostly due to its tax regime, with double taxation agreements included, European Union membership, and Russian amiability, a study has found. Russia Doing Business in Cyprus 2017: Measuring Quality & Efficiency reported that 85%...

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Cyprus: Who are the Wealthy Elite That Bought EU Citizenship?

A leaked list of names reveals the extent to which Russian and Ukrainian politically elite have driven Cyprus’s citizenship-by-investment schemes which, according to the government, has generated over €4B in Cyprus based investments since 2013. Prior to 2013, Cypriot citizenship was granted on a flexible basis by MPs, in...

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Russia