Cyprus: Compliance

The Cyprus Tax Department has issued new guidance strengthening due diligence requirements for financial institutions under DAC2/CRS, specifically targeting potential misuse of Citizenship by Investment and Residence by Investment schemes. Financial institutions must now implement enhanced verification procedures to ensure accurate reporting of account holders' tax residency, with immediate application to new clients and a six-month compliance window for existing accounts.

Foreign residents in Cyprus face specific requirements when converting their driving licences, governed by EU residence rules and recognition agreements between countries. The process involves proving usual residence through documentation like registration certificates and utility bills, submitting applications through the Department of Road Transport, and navigating different pathways depending on whether the licence originates from an EU or non-EU country.

The Anjouan Brokerage Licence has emerged as a strategic licensing solution for forex brokers and financial services businesses seeking an international regulatory framework in 2026. This comprehensive guide examines the licence's operational scope, regulatory requirements, and how combining it with Cyprus payment infrastructure can support businesses targeting clients across the Middle East, Asia, Africa, and other international markets.

Starting a sweepstakes business requires careful legal structuring to avoid gambling classification and regulatory penalties. Understanding the distinction between promotional sweepstakes and regulated gaming activities is essential for compliance across different jurisdictions. This guide examines the legal framework, licensing requirements, and corporate structures needed to operate a compliant sweepstakes company.

Cyprus offers a structured legal framework for company formation under the Companies Law, Cap. 113, providing access to EU markets and a competitive tax environment. However, success depends on proper corporate structuring, regulatory compliance, and understanding the full scope of ongoing obligations. This comprehensive guide examines the incorporation process, cost considerations, and compliance requirements that determine whether a Cyprus company can operate effectively within the jurisdiction.

The Nevis iGaming licence framework, introduced in 2026, offers online gaming operators a structured licensing system with competitive costs and relatively fast approval timelines.

From a tax planning perspective, however, UAE foundations require careful planning, ongoing compliance, and a clear understanding of how tax rules apply across jurisdictions.

The recognition of Cyprus with the Best Global Climb Award Among EU Countries in the 3rd Edition of the StartupBlink Startup Ecosystem Awards, marking the largest improvement among all EU member states isn't just a symbolic win; it reflects genuine transformation.

Cyprus companies now operate in an environment aligned with EU and OECD norms, meaning investors can transact with confidence.