Companies are required to submit the Audited Financial Statements accompanied with the Annual Return (HE32 form) once a year to the Registrar of Companies.
The Employers in Cyprus are obliged to provide their employees with certain rights which are enforceable by legislation in order to protect the employees.
Employees working for at least 2 years and their employment is terminated due to redundancy are entitled to a redundancy payment.
All property owners in Cyprus are subject to Immovable Property Tax which is calculated on the total value of their properties at the beginning of each year.
The unemployment period is usually hard and stressful. Find out how the unemployment benefit works and how much you should expect to receive.
Any person who is unable to work temporarily due to sickness and illness is entitled to the Sickness Benefit subject to certain conditions.
Persons who have lost over 50% of their work capacity and are expected to remain permanently disabled are entitled to invalidity pension (disability allowance).
GMI/EEE offers a minimum standard of living for Cyprus Residents subject to certain criteria. The allowance covers the basic needs for survival in Cyprus.
The Maternity Grant is an one-off payment to each woman who gave birth while living in Cyprus and is payable in addition to the Maternity Benefit.
The child benefit is paid to parents who have been residing in Cyprus for the last 3 years and have at least one resident child, provided that they are living together.
Cyprus Tax Residents are liable to to be taxed on their worldwide income in Cyprus. Overseas taxes can be credited against their personal income tax liability.
Pregnant women and newly mothers who are working in Cyprus are entitled to the maternity leave benefit regardless of the time for which they have been working.