Cyprus Strategy for Attracting Companies Including Tax Incentives

The Cyprus Ministry of Finance has issued a release on the strategy for attracting companies to Cyprus, which was presented by Finance Minister Constantinos Petrides on 15 October 2021. The strategy includes certain tax incentive measures as follows:

• An extension of the 50% tax exemption for investment in certified innovative companies, including for corporate investors (the exemption was previously in force until June 2021 and limited to natural persons);
• An extension of the existing 50% …