Legarithm

Cyprus has become a popular hub for gaming operators, especially those targeting the European and global markets. The island’s widespread reputation for regulatory integrity, robust infrastructure, and favorable business environment puts it in the spotlight among iGaming entrepreneurs. But an important question arises: is a license required to operate a gaming or betting company in Cyprus? Let’s demystify the Cyprus gaming landscape, focusing on what’s legal, what’s prohibited, and the practical steps to obtain a license. What is allowed and what is prohibited in Cyprus? The framework for gaming in Cyprus is tightly controlled and primarily governed by the Betting Law of 2012 and its amendments. The National Betting Authority (NBA) supervises all betting activity, both land-based and online, ensuring fairness and consumer safety. In Cyprus, the key distinction lies between “betting” and “gambling.” While sports betting—both in physical locations and online—is regulated and permitted...

Cyprus is often described as a business owner's gateway to Europe. With great weather and a welcoming business environment, this island nation is the go-to spot for international entrepreneurs. Still, before jumping in, it’s critical to understand how the company registration in Cyprus process actually works — from required steps and timeframes to the real cost breakdowns. If you're thinking of taking advantage of Cyprus’s low corporate tax rate, EU access, and flexible business setup, you're in the right place. Below, I’ll walk you through the essentials you need to get your company started with transparency and confidence. Why choose Cyprus for your company Cyprus offers several key benefits that make it attractive for startups and global businesses. First, the corporate tax rate is only 12.5% — among the lowest in the EU. There are exemptions for dividend, interest, and royalty payments for non-residents, and double tax treaties with more than 60 countries. You get E...

Cyprus is well-known among entrepreneurs for its attractive tax regime, Mediterranean location, and friendly business climate. But what really separates successful ventures from the rest is an understanding of the island’s detailed accounting and tax reporting obligations. Whether you’re running a local startup or operating an international structure, maintaining compliance is not optional—it’s crucial for risk management and credibility. Here’s what you need to know about accounting and tax reporting in Cyprus , with a focus on real-life process, deadlines, and best practices. Understanding statutory accounting requirements Every company incorporated in Cyprus is legally required to maintain accurate and up-to-date accounting records. These records have to clearly explain all transactions, ensure that your financial position is always clear, and enable the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS). What must be recorded? ...