apollo

Cyprus FAQ

Will Cypriots be allowed to participate in IBC’S?

Up to 31/12/2002 participation of Cypriots who are permanent residents of Cyprus was not allowed. As from 01/01/03 the tax distinction between International Companies and Local Companies is abolished and the participation of Cypriots and non-Cypriots in the capital of the companies, registered in Cyprus as from that date, is allowed.