Freelance/ contractor work is becoming increasingly popular for its flexibility, and Cyprus is an attractive destination for contractors due to its favourable tax policies, affordable living costs, and growing digital infrastructure. Whether you’re a social media contractor, SEO specialist, or seeking contract work across various industries, understanding Cyprus’s business landscape is essential. From tax regulations to work-life balance, this guide will provide crucial information for succeeding as a contractor in Cyprus.

In an article published in the Solicitors Journal, Athina Evagorou, Associate at our firm, highlights that the promotion of gender equality is crucial for societal and economic development, requiring equal participation of men and women in decision-making, free from stereotypes. The Commissioner for Gender Equality and Related Matters Law of 2024 in Cyprus aims to strengthen equal rights, promote balanced resource distribution, and ensure visibility and participation across public and private sectors. The law mandates the development of a National Strategy and Action Plan, coordination with government bodies, and international representation.

Our Partner – Corporate Finance, Tax, Private Client, Stella Strati Attended the 7th European International Bar Association Start-up Conference 2024, in Stockholm, Sweden.❄️

The answer is simple. You should start using the Cyprus tax regimes!

The enactment of the Alternative Investment Funds (AIF) law in July 2014 aligned the Cyprus legal and regulatory framework with EU directives on asset management, with the aim to enhance transparency and investor protection. Following on-going efforts to modernise its fund framework, Cyprus introduced a new law offering more investment structuring possibilities and upgraded rules for the authorisation, on-going operations, transparency requirements and supervision of Cyprus AIFs, as well as the regulation on the role and responsibilities of their directors, depositaries and external managers. AIFs that are established under domestic Cyprus fund legislation can be sold on a private placement basis or marketed to professional investors across the EU under the Alternative Investment Fund Managers Directive (AIFMD) passport.

The 15th edition of the Limassol Economic Forum, Cyprus’ largest current affairs conference, recently took place, bringing together global thought leaders, policymakers, economists, and industry experts to address key economic challenges and opportunities.

Our Executive Chairman Stavros Pavlou, FCIArb, Bsc (Econ), Barrister, TEP attended Dubai Arbitration Week and had the honor of keynote speaker on the 13th November 2024!

Cyprus can offer specific advantages to non-EU fund managers wishing to raise capital in Europe, as well as to develop a presence in the European market to benefit from the right to distribute their funds to investors in all EU countries.

The ‘single EU passport’ has opened up good prospects for Cyprus to be used as a base for setting up funds or for fund management companies seeking to take advantage of the country’s beneficial framework to manage and/or market funds across Europe from Cyprus. The Undertakings for Collective Investment in Transferable Securities V Directive (UCITS V) and Alternative Investment Fund Managers Directive (AIFMD) ‘management’ and ‘marketing’ passports allow fund managers to manage and/or market funds across the EU, without the burden of establishing extensive administrative functions and allows them to create economies of scale.

Cyprus has become a top destination for corporate structuring and professional financial services, serving as a strategic hub in the Eastern Mediterranean. Positioned between Europe, the Middle East, Africa, and Asia, it offers attractive tax optimisation opportunities for global businesses.