News

November 28, 2022

Register of Beneficial Owners – Suspension of Access to the General Public

The Register of Beneficial Owners was introduced by the 4th Anti-Money Laundering Directive (2015/849/ΕΕ) and, as amended, with the 5th Anti-Money Laundering Directive (2018/843/EE). The provisions of the Directive were implemented in Cyprus with the national law on the Prevention and Suppression of Money Laundering Activities and Terrorist Financing of 2007 and its amendments. The main purpose of the creation of the Register is the enhancement...

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News, Publications

November 3, 2021

GOVERNMENT ACTION PLAN FOR THE ACTIVATION AND EXPANSION OF COMPANIES’ ACTIVITIES IN CYPRUS

The Ministry of Finance has introduced new measures for attracting companies to initiate and expand their activities in Cyprus, as part of the Action Plan to enhance Head Quartering and foreign investment in the country, which shall come into force in early 2022....

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September 13, 2021

CYPRUS INVESTMENT FIRMS

Cyprus Investment Firms (CIFs) are a gateway to the provision of investment services in the European Union and due to the taxation benefits enjoyed, are considered an advantageous option to consider for entering the European Union investment services market. ...

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News, Publications

April 10, 2020

COVID-19: EMERGENCY MEASURES TAKEN BY FINANCIAL INSTITUTIONS (30/03/2020)

The Emergency Measures taken by Financial Institutions and Financial Regulators Law of 2020 (No. 33(I)/2020) of the Republic of Cyprus sets the provisions on the suspension of monthly instalments, including the payment of any interest on credit facilities and offers protection to borrowers from the distress that is caused due to the coronavirus crisis. ...

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News, Publications

March 31, 2020

COVID-19: MEASURES TAKEN BY THE CIVIL REGISTRY AND MIGRATION DEPARTMENT (19/03/2020)

Announcement regarding the measures taken for limitation of the spread of coronavirus by the Civil Registry and Migration Department (19/03/2020)...

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February 24, 2020

AMENDMENTS TO THE TAX FRAMEWORK

As part of a reform of the tax framework of the Republic of Cyprus, certain of the proposed amendments were voted into law by the House of Representatives and were published in the Cyprus Government Gazette on the 16th July, 2015....

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News, Publications

February 24, 2020

AMENDMENTS TO TAX LAW (INNOVATIVE SMALL & MEDIUM ENTERPRISES)

On the 23rd of December 2016, the following amendments to the Income Tax Law of 2002 were made, introducing new provisions for tax relief for investors in innovative small and medium enterprises....

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February 22, 2020

CYPRUS INVESTMENT PROGRAM (AMENDMENTS – JULY 2019)

The Council of Ministers of Cyprus have approved the below amendments on the Cyprus Investment Program:...

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News, Publications

February 22, 2020

INTRODUCTION OF THE PARTNERSHIP LIMITED BY SHARES

The House of Representatives of the Republic of Cyprus voted into law the introduction of the partnership limited by shares (“Limited Liability Partnership” or “LLP”)....

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News, Publications

February 22, 2020

REGISTER OF ULTIMATE BENEFICIAL OWNERS OF CYPRUS COMPANIES

In accordance with the 4th Directive of the European Union on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (EE 2015/849, Article 30), Member States are to introduce a central register which shall contain information about the beneficial ownership of companies and other legal entities. entities....

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