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Cyprus has long been established as one of the leading banking and financial services centres in the European Union. Its banking sector is regulated by the Central Bank of Cyprus, which is part of the European System of Central Banks and operates within the EU Single Supervisory Mechanism. This means

Executive Summary Cyprus is implementing the most comprehensive tax reform in over twenty years, with most measures applying to income and profits earned from 1 January 2026. The reform increases the corporate income tax rate to 15 percent, redesigns personal income taxation, simplifies dividend treatment, introduces clear frameworks for crypto