Cyprus

What is Company Strike off? Strike off is the process by which a limited liability Company in Cyprus is removed from the Register of companies maintained by the Registrar of Companies. Strike Off Method A Company may be struck off in two ways: What Happens Next The Registrar of Companies publishes in the Official Gazette […]

To ensure the quality of the services provided and the safety of travellers, the Cyprus Government has licencing regulations in place for the set up and operation of Travel Offices and Tour Operators in Cyprus. Travel Offices The Tourism and Travel Offices and Tourist Guides Law (41(I)/1995) (the “Travel Office Law”) regulates the licensing and

The Registrar of Companies announced that the implementation of the Final Solution of the UBO Registry in Cyprus will take place in October 2023.  Following the implementation of the Final Solution, a period of one (1) month will be given for confirmation and completion of the information submitted in the current UBO registry system (of

The House of Representatives of Cyprus recently passed a new legislation to regulate and encourage certain strategic investments in Cyprus. What is a Strategic Investment The legislation introduces a mechanism for classifying an investment as ‘strategic’. In particular, an investment may be classified as strategic if: Other provisions of the legislation include the establishment of

In accordance with EU regulations and in an attempt to encourage and facilitate home ownership in Cyprus, a tax break was introduced on the purchase of new residential property for first-time home buyers in Cyprus. Current Scheme Cyprus VAT Tax Law provides for the imposition of 19% VAT coefficient on the purchase of newly built