Marilia Paraschou

The announcement that the Digital Bank Revolut was granted a Crypto-Asset Service Provider (CASP) license in Cyprus has been in the news these last few days. This was much-anticipated as Revolut is at the forefront of Crypto-Asset services and was one of the first companies to apply for a CASP license in Cyprus. Revolut chose

Foreign (Overseas) Companies wishing to expand their operations in Cyprus may do so through the establishment of a place of business in Cyprus, known as a Branch. What is a Company Branch? A Branch essentially consists a permanent establishment in Cyprus, which serves as an extension of the Foreign Company. It enables a Foreign Company

Cyprus Companies: Penalty for Annual Return All Cyprus Companies have an obligation to submit their Annual Returns (HE32) to the Registrar of Companies Department on an annual basis. The House of Representatives recently voted for the penalty for the late submission of the Annual Returns (HE32) to the Registrar of Companies to be reduced. The

First-time home buyers, can benefit of a reduced VAT of 5% (instead of 19% which otherwise applies) for the first 200m2 of newly constructed residential properties to be used as their permanent residence. A draft bill has recently been submitted to the Cyprus Parliament which, if approved, will introduce limits to the scope of application