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Introduction The iGaming and sweepstakes industry continues to experience rapid global expansion, driven by digital accessibility, scalable technology, and high-margin business models. Founders are increasingly attracted to the sector due to its revenue potential and relatively low initial capital requirements compared to traditional industries. However, the underlying structural reality of the industry is often misunderstood. A significant proportion of platforms currently operating in the...

In January 2026, Cyprus implements one of the most significant personal tax reforms of the past decade. The Cyprus Tax Department has issued an official Explanatory Guide clarifying how the new rules apply to individuals who are tax residents of Cyprus, with effect from the 2026 tax year (returns filed in 2027). This article provides a clear, structured, and practical overview of the reform and its implications. Official Guidance and forms can be found here: https://www.mof.gov.cy/mof/tax/tax...

Effective 1 January 2026 , Cyprus will implement the most significant tax reform in decades. On 22 December 2025 , the Cyprus House of Representatives voted to approve the key tax reform bills , marking the first major overhaul of the tax system in over 20 years. The reform package was built around six legislative bills prepared by the Ministry of Finance and debated in Parliament following extensive public consultation and stakeholder input. Below is a structured explanation of what’s...