Ultimate Beneficial Owner Register – Simplification of Submission Procedure
On 29 October 2021 the Cyprus Registrar of Companies announced that as from that day the submission of information to…
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New Package of Incentives for Establishing or Expanding Presence in Cyprus
On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to establish or expand presence in…
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Inheritance and Estate Planning – Company or Trust?
In this newsfeed we will focus on two popular Cyprus entities, which can be used for arranging and administering the…
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Further Extension to Deadline for Submission of 2019 Tax Returns
The Ministry of Finance of the Republic of Cyprus issued a decree on 24 September 2021 based on which the…
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DAC 6 – Further Extension of Period With No Administrative Fines
On 21 September 2021 the Cyprus Tax Department announced an extension to the period over which no administrative fines for…
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Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessels – Procedure and Arrangements
Through a Circular issued by the Shipping Deputy Ministry on 3 September 2021, the relevant procedure and practical arrangements for…
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Changes to Employment and Social Insurance Regulations
The Cyprus Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the Social Insurance...
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Setting Up in Cyprus: Company-Officers-Premises
We will consider whether to form a company in Cyprus or redomicile a foreign company to the country. We will…
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Extended Deadline for Payment of Residual Income Tax for 2020
Through a directive issued on 30 July 2021 by the Minister of Finance, the a deadline has been extended...
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