
The Cyprus Tax System: Features, Pros, and Cons
For those planning to open a company or relocate to Cyprus, it is important to understand how the tax system works and what benefits it can provide.
The Council of Home Affairs Ministers of the European Union has approved a new timetable for the implementation of the European Travel Information and Authorization System (ETIAS). The full launch of the system, which will require online pre-registration from citizens of 59 visa-free countries, has been postponed until April 2027. This is the fifth postponement since the original plan to launch in 2021.
Citizens of visa-free countries, including the UK and the US, will need to:
It is important to note that during the transition period (end of 2026 - April 2027), the absence of ETIAS will not be grounds for refusal of entry if other requirements are met.
According to the EU Directorate General for Migration and Home Affairs, the postponement is due to several factors:
The European Commission recommends that travelers avoid using third-party sites offering ETIAS processing services - the official portal will not be operational until 2026 - and follow updates on ETIAS resources and EU government platforms.
Both systems (EES and ETIAS) are designed to:
The EU statement emphasizes that the phased approach will give time for transport companies, airports and border guards to adapt to the changes.
For those planning to open a company or relocate to Cyprus, it is important to understand how the tax system works and what benefits it can provide.
In this article, we'll take a detailed look at what a green card is, the rights and responsibilities it provides, how to obtain one, and the pros and cons of permanent resident status.
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