Shareholders’ Agreements are private contracts between the members of a company which outline and regulate the rights and obligations of each shareholder. Shareholder Agreements are a useful tool to prevent conflicts arising in the management or decision taking of a company or alternatively, be used to reach a solution if a conflict does arise. The […]
Shareholders’ Agreements Read More »
In February 2022 the House of Representatives amended the Central Agency for the Equitable Distribution of Burdens (Recommendation, Purposes, Responsibilities and Other Related Issues) Law of 1989 (Law 141/1989) (the “Law”), introducing a levy of 0.4% on the selling price of immovable property in Cyprus. The same levy is imposed on the sale of shares
Equitable Distribution of Burdens: 0.4% on the sale of immovable property Read More »
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
Revolut in Cyprus: Crypto Asset Service Providers and the MiCA Read More »
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
Company Branch in Cyprus: What you need to know Read More »
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
Cyprus Companies: Latest Compliance Updates Read More »
All Companies registered in Cyprus have the obligation to keep accurate accounting records to prepare and submit to the Registrar of Companies a copy of their annual Audited Financial Statements. The House of Representatives recently introduced amendments to the Cyprus Company Law, Cap. 113, reducing the scope of this obligation. These have been introduced by
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