The Residences – Boutique Villas (May 2017)

  Our sister company, Pingos Estates, has just launched a new project, The Residences, which will be an exclusive gated community of seven boutique villas located on the outskirts of Ayia Napa, within walking distance of the picturesque Potamos, [...]

Cyprus Tax Treaty Update (April 2017)

Cyprus-India: The new treaty replacing the 1994 treaty entered into force on 14th December 2016 and applies as from 1 January 2017 for Cyprus and as from 1 April 2017 for India. It provides for a 10% withholding tax [...]

Intra-Group Financing Arrangements (March 2017)

The Department of Tax has informed the Institute of Certified Public Accountants of Cyprus (ICPAC) that from 1st July 2017 the pre-agreed minimum profit margins of 0.125% – 0.35% on intra-group back to back financing arrangements will no longer apply. [...]

Immigration Programs – Malta (October 2016)

Malta offers attractive immigration programs through which we can assist you obtain a permanent residence permit or the citizenship of Malta through investments. A brief description of the said programs will be provided below, however, if you would like [...]

Cyprus Citizenship – revised criteria (September 2016)

he Cyprus Government has announced the revised criteria for granting the Cypriot citizenship by investment which are significantly improved compared to the previous ones, therefore, making Cyprus an even more attractive option. The most important changes are as follows: The [...]

Bank of Cyprus revised fees (August 2016)

Bank of Cyprus, the island’s largest lender, has decided to change its fees and commissions for services for the first time since 2010 in an attempt to divert more business from traditional banking to online banking. The new fees [...]

Ancoria Bank in Cyprus (July 2016)

Ancoria Bank has launched operations with a total of two banking branches, one in Nicosia and another in Limassol, a total staff of 60 and an initial capital of €50m, the lender’s chief executive officer said. The goal of [...]