Frangos Law at the 2nd Cyprus Business Presentations Summit in Athens
We were pleased to participate in the 2nd Cyprus Business Presentations Summit in Athens, contributing to a timely and substantive discussion on the evolving Cyprus tax landscape.
The event brought together Greek businesses and investment organisations, providing a comprehensive overview of the recent amendments to the Cyprus tax regime, effective as of 1 January 2026.
Our Managing Partner, Mr Iosif Frangos, addressed the critical interplay between effective management and control and the tax obligations of directors, outlining key legal principles, recent developments, and practical considerations for businesses operating in cross-border environments.
Particular emphasis was placed on the importance of substance and strategic decision-making in determining tax residency, as well as the increasing exposure of directors to both civil and criminal liability in cases of non-compliance.
Key highlights of the new Cyprus tax framework include:
▪️ Tax reform effective as of 01.01.2026, aligning Cyprus with European and international standards
▪️ Higher tax-free income thresholds within the European Union for individuals
▪️ Facilitation of employee relocation for businesses (headquartering)
▪️ Tax exemptions on company shares
▪️ Increase of the corporate tax rate from 12.5% to 15%, accompanied by important incentives that maintain Cyprus among the most competitive tax jurisdictions
▪️ Continued relevance of the Greece–Cyprus double taxation avoidance agreement
The evolving Cyprus tax framework presents both challenges and opportunities. With the right structuring and strategic approach, businesses can benefit from Cyprus’ competitive tax environment while ensuring full compliance with international standards.
