Cyprus is not a tax haven but it is a competitive investment destination due to the legal framework, investors, natural wealth and skilled labour, finance minister Constantinos Petridis told CNBC on Tuesday.

With the title “Do you live in Cyprus and are you looking for a job?” the first official day for people seeking a job regarding their registration or renewal in the relevant registry has begun.

Tourism Minister Savvas Perdios is optimistic Cyprus can prevent another disastrous year blighted by coronavirus, despite the island depending solely on the decisions of other countries.

One of the main issues that concerns the world, and specifically Europe, is the “British Exit”, or otherwise commonly referred to as the “BREXIT”, from the European Union. Particularly, on 31/10/2020 the United Kingdom signed the Withdrawal Agreement which had a transitional period of eleven (11) months. From the 1st of January 2021 the United Kingdom has officially ceased being a member of the European Union. The Brexit caused various issues to the business world and especially to the British business owners. However, what are the advantages of re-domiciling a company in Cyprus?

Cyprus will boost French language teaching at its secondary schools and is also looking at introducing the French language exams Delf Scolaire, Education Minister Prodromos Prodromou told France’s ambassador Salina Grenet-Catalano on Monday.

Cyprus’ National recovery and resilience plan will increase the country’s GDP by seven percentage points during the five years of its implementation, according to Director General of the Ministry of Finance George Pantelis.

Reiterating that the coronavirus pandemic can only be effectively addressed through vaccinations, the health ministry on Monday announced the vaccination portal will be open for everyone over 18 from Friday onwards.

The Republic of Cyprus has issued an emergency order banning entry of foreign nationals traveling to the island from India, except Cypriots, Europeans, and permanent residents who now must undergo additional screening, in an attempt to slow down further spread of the Indian variant of Covid-19.

It is kindly reminded that all the Cyprus registered companies are subject to a €350 Annual Company Levy. The last date of the payment of the Annual Company Levy for 2021 is the 30th of June 2021.

The health ministry has announced that the Mediterranean island’s coronavirus vaccination appointment portal will be open for everyone over 18 from Friday onwards.