Best Legal Conference will gather in Limassol partners from local and international legal firms, corporate lawyers, founders and managers of international companies based in Cyprus. It is a well-established B2B event organized in Cyprus since 2014. The event is held under the auspices of the Cyprus Bar Association. NETWORKING OPPORTUNITIES Best Legal Conference will start in the evening on the 21st of September with a networking cocktail for conference delegates and some VIP guests from the legal community of Cyprus,…

On 30 June 2022, the Cyprus Parliament voted for the introduction of transfer pricing documentation requirements for Cyprus tax resident persons and permanent establishments of non-Cyprus tax resident persons, applicable as from 1 January 2022. The arm's length principle is at the heart of Transfer Pricing, pursuing the fair and proportional attribution of profits between related parties for tax purposes. The arm’s length principle provides that transactions between related parties should be carried out at no different terms and conditions…

At the time of writing (14 March 2022), it is difficult to make predictions for Cyprus in 2022. This is due to the fact that it is impossible to forecast how long the military phase of action in Ukraine will last, and what type of solution one can expect. For 2022, however, it is likely that no matter what occurs (assuming this does not involve escalation into a regional conflict between NATO and Russia), the impact on Cyprus will be…

After two years of COVID, analysts and government officials in Cyprus were looking forward to a resumption of growth in 2022. Early bookings and flight schedules from a range of source markets pointed to a massive increase in tourism arrivals in 2022, possibly approaching the historic highs of 2019. Despite the pressures of higher inflation due to higher energy costs and the container “squeeze”, it was believed that if the Omicron strain of COVID would only die down, Cyprus would…