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 […]
The beginning of cryptoassets can be traced to 2008 and the conception of Bitcoin by (pseudonym) Satoshi Nakamoto, who envisioned the creation of a distributed, decentralised ledger, accessible to everyone in the world. Our firm has put together a comprehensive report to examine and consider some of the questions and challenges posed by the advent
CryptoCurrencies in Cyprus: Legal, Tax & Other Considerations Read More »
With the increasing need for transparency through Anti-Money Laundering (AML) regulation, the Law on the Prevention and Combating of Money Laundering (Amending) Law of 2021 (the “Law”) transposes the 4th EU AML Directive (Directive 2015/849/EU) into Cyprus law. The Law provides for the creation of a Register of Ultimate Beneficial Owners (UBO) of companies and
UBO register: What is changing? Read More »
The advantageous corporate tax regime, with a corporate tax rate of 12,5% and all the other benefits Cyprus that has to offer, has led many business owners to the decision to transfer or structure their operations via Cyprus. Cyprus law allows for the transfer of the registered seat of companies to and from Cyprus. When
Cross-Border Transfer of Company Seat Read More »
Following extensive discussions, the amended regulations regarding the Cyprus Investment Programme (CIP) were published in the Official Gazette.
Cyprus Investment Programme: New Amendments Read More »
The Tax Department of the Republic of Cyprus, by an announcement dated 30/06/2020, provided further information as regards the process to be followed to stamp documents in accordance with applicable Stamp Duty legislation. In accordance with the latest guidance, as from 29/06/2020 the stamping of documents with a fixed stamp duty fee will be done
Stamp Duty in Cyprus: New Announcement by the Tax Department Read More »
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