On 26th of March 2025, the Migration Department of the Deputy Ministry of Migration and International Protection of Cyprus has announced the re-launch the Digital Nomads Visa scheme, under which non-EU or non-EEA nationals are allowed to submit their application provided that they can perform their work remotely using telecommunications technology, to live temporarily in Cyprus and work for an employer registered abroad or perform work remotely through technology for companies or for their clients that are located abroad.
In the British Virgin Islands (BVI), Annual Financial Returns (AFRs) is a regulatory requirement for all BVI companies as part of their ongoing compliance obligations.
All Cyprus companies regardless if they are dormant or not, have an obligation to prepare and file audited Financial Statements to both the Registrar of Companies and the Tax Authorities. Additionally, banks are requesting audited Financial Statements for 2023 and 2024.
