Explore Cyprus with Our Interactive Map

Featured Articles

Explore our top stories and discover ideas worth your time.

View all articles
Cyprus Corporate Tax System

Cyprus Corporate Tax System

The corporate income tax rate increased from 12.5% to 15% on January 1, 2026. This change aligns Cyprus with the OECD's Pillar Two global minimum tax framework. Parliament approved the comprehensive tax reform package on December 22, 2025, marking the most significant update to the Cyprus tax system in over two decades. Despite the rate increase, Cyprus maintains competitive positioning within the European Union. The 15% rate remains lower than most EU member states. The reform preserved key exemptions and deductions that define the Cyprus tax advantage. Companies earning profits before 2026 can still apply the previous 12.5% rate to retained earnings under specific conditions. Large multinational enterprises with annual revenues exceeding €750 million face additional considerations. These companies already operate under the Qualified Domestic Minimum Top-Up Tax, which took effect in 2025. The QDMTT ensures compliance with global minimum tax requirements while maintaining domestic competitiveness. Core Tax Exemptions That Remain Unchanged Cyprus continues to exempt dividend income from taxation. Companies receiving dividends from Cyprus resident or foreign entities pay zero corporate tax on this income. This exemption applies regardless of where the distributing company operates, subject to certain anti-abuse provisions. Capital gains from the sale of shares remain tax-free. Companies can dispose of securities, bonds, debentures, and other corporate titles without triggering corporate income tax. This creates significant advantages…

Read more
Cyprus Long-eared Hedgehog

Cyprus Long-eared Hedgehog

On a warm spring night in a Cypriot village, a small shape moves through the shadows of a lemon grove shuffling, sniffing, pausing to listen. Two enormous ears swivel like satellite dishes. This is the Cyprus Long-eared Hedgehog, Hemiechinus auritus dorotheae, one of the island's most charming and least-known residents. Most people who encounter it simply call it a skantzohoiros the Greek word for hedgehog and smile. But behind that endearing shuffle lies an extraordinary story of ancient seas, human migrations, island biology, and remarkable survival. And if you look closely enough, you will notice something quite unusual about this hedgehog: those ears are astonishingly, almost comically large. What Exactly Is a Hedgehog? Hedgehogs belong to the family Erinaceidae, one of the oldest surviving mammal families on Earth. They are part of the order Eulipotyphla a word meaning 'truly blind and deaf', though in practice these animals have perfectly functional senses. This group includes moles and shrews, and its members were among the earliest placental mammals to appear on Earth, with relatives tracing back over 50 million years. Hedgehogs themselves are insectivores at heart animals whose primary food has always been invertebrates. They are equipped with a coat of hardened spines on their back (actually modified hairs made of keratin) and a soft, furry belly. When threatened, they roll into…

Read more
Wild fennel

Wild fennel

Imagine wandering through the sun-drenched hills of Cyprus, where a tall, feathery plant sways gently in the breeze, releasing a sweet, licorice-like aroma that hints at ancient secrets. This is wild fennel, a humble herb that has flavored Cypriot life for millennia, blending culinary delight with healing wisdom. But what tales does this unassuming plant hold, and why does it thrive so vibrantly on this island paradise? A Fragrant Member of the Carrot Clan Wild fennel, known scientifically as Foeniculum vulgare, belongs to the Apiaceae family – a vast group that includes everyday favorites like carrots, parsley, and dill. This broader taxonomy places it among plants celebrated for their aromatic seeds and leaves, which have sustained Mediterranean communities for generations. In its simplest form, it's a perennial herb that pops up in unexpected places, offering both beauty and utility without demanding much in return. From Ancient Myths to Island Shores The story of wild fennel stretches back to the dawn of Mediterranean civilization, intertwined with human history and mythology. In ancient Greece, it was so abundant on the plain of Marathon – where a legendary battle unfolded in 490 BC – that the site was named after the plant itself; "marathos" in Greek means fennel, evoking images of vast fields swaying like a green sea. Greek scholars like Pliny the…

Read more