This comprehensive legal guide outlines the strict regulatory framework governing merger control, corporate acquisitions, and joint ventures in Cyprus under the jurisdiction of the Commission for the Protection of Competition (CPC). It details the critical financial triggers, including the cumulative €3.5 million domestic and worldwide turnover thresholds, that mandate an ex-ante notification before a transaction can be legally closed.

Designed for international business owners and institutional investors, the article emphasizes the severe financial and structural consequences of non-compliance, such as "gun-jumping" administrative fines reaching up to 10% of global group turnover, the risk of deal invalidity, and the ongoing legislative modernizations reshaping the local antitrust landscape.

Grant Thornton Cyprus has launched its new EU AI Act & ISO 42001 Governance, Risk, and Compliance (GRC) services. As artificial intelligence moves from voluntary best practices to strict regulatory accountability under the EU AI Act, ISO/IEC 42001, and GDPR, this multidisciplinary service helps organisations manage digital risks proactively. Led by experts Christos Makedonas, Anna Papaonisiforou, and Monica Odysseos, the offering provides structured, end-to-end support, including readiness implementations, risk assessments, and technical assurance, to ensure AI systems are trustworthy by design and compliant by default.

Cyprus is finalizing a new national framework for screening Foreign Direct Investment (FDI) to align with EU Regulation 2019/452. The bill, approved by the Council of Ministers in July 2025, mandates that non-EU/EEA/Swiss investors notify the Ministry of Finance at least 10 days before finalizing significant investments. The mechanism focuses on safeguarding strategic infrastructure, including energy, health, and financial services, where an investment exceeds €2 million or involves a 25% or greater shareholding. This oversight ensures transparency and protects national security while bolstering Cyprus's international credibility as a secure investment hub.

Grant Thornton Cyprus has officially achieved the ISO/IEC 27001 certification, the global benchmark for Information Security Management Systems (ISMS). This milestone validates the firm's robust approach to data protection and risk management, covering people, technology, and internal processes. The certification is valid for three years and underscores the firm’s ability to move beyond theory, embedding high-level cybersecurity principles into daily operations to safeguard sensitive client and company data.

Since 2004, Cyprus has evolved into a premier destination for High-Net-Worth Individuals (HNWIs) and global entrepreneurs seeking a stable, common-law jurisdiction that balances high-tier lifestyle with aggressive tax efficiency. As the island moves toward its significant 2026 tax reform, understanding the current exemptions and upcoming changes is vital for any strategic relocation or investment plan. This summary outlines the core fiscal pillars that make Cyprus one of the most competitive relocation hubs in the European Union.