Reduction of Penalty for Late Submission of Annual Returns
Further to an amendment in the Companies’ Law, which came in to effect on 24 June 2022, the maximum of…
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Third Country Nationals Relocating to Cyprus – New Options
The Council of Ministers of the Republic of Cyprus recently approved new regulations permitting the issuance of immigration permits for…
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Reduction on tax rate applied on interest on corporate and other bonds
On 26 of May 2022, the Cyprus Parliament approved an important amendment to the Special Contribution for Defense (“SCD”) Law,…
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Change of Data at the Registrar of Companies for Sanctioned Companies
The Cyprus Registrar of Companies (the “Registrar”) announced on 30 May 2022 that for companies the name of which and/or…
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Access to UBO Register
The Cyprus Registrar of Companies issued an announcement on 24 May 2022, informing that as from 1 June 2022 access…
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Platform to accommodate the UBO Register for Trusts launched
The Cyprus Securities and Exchange Commission (CySEC) announced the launch of an online platform, which will accommodate the register for…
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Extension of Income Tax 50% Exemption Approved by Council of Ministers
The Council of Ministers approved on 10 May 2022 the significant improvement of an incentive aimed at attracting foreign companies…
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Easter Holidays
For a third year in a row we are celebrating Easter under COVID conditions, but at least this year we…
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UBO Register – Important Clarifications
The Cyprus Registrar of Companies issued an announcement on 11 April 2022, providing important clarifications with regards to the companies,…
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