Cyprus is ready to introduce an updated and more attractive Citizenship by Investments Program (Cyprus Investment Program, CIP). On July 31st the Cyprus Parliament voted the revised legislation and regulations of the Cyprus Investments Program (CIP).
GHS (GESY) contribution rates from July 2020 are increased as follow:
See rates below
- 2,65% for employees,
- 2,90% for employers and
- 4% for self-employed
In 2016, Cyprus adopted amendments to the Income Tax Laws and to the Cyprus Intellectual Property (IP) regime, to fully comply with the EU legislation and the relevant OECD recommendations of the BEPS Action 5. The amendments apply retrospectively as from 1 July 2016.