Mon - Thu 08:30-17:30 - Fri 2:30+357 2226 2844
Follow Us
Number #1
Mid-Tier Firm in Cyprus
Trusted By
500+ Clients
Clients in Over
40+ Countries
Request Call Back

Category

Updates
Cyprus Permanent Residency Program
As per the announcement of 24/03/2021 of the Civil Registry and Migration Department, the Cyprus permanent residency program has been amended as follows: LEGAL FRAMEWORK Pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, third country nationals may be granted an immigration permit subject to satisfying the below quantitative and qualitative...
Read More
Ultimate Beneficial Owner Register
Following previous announcements, we would like to inform you that the Prevention and Suppression of Money Laundering and Terrorist Financing Law 188(I)/2007 (AML Law) has been amended on the 18th of February 2021 in order to be fully aligned with the EU Directive 2018/243. As per this amendment, a registry of Ultimate Beneficial Owners of...
Read More
Deemed Dividend Distribution (DDD) for tax year 2018 - Deadline extension
Please be informed that the deadline for the payment of SDC and GHS contributions on deemed dividends for the tax year 2018 has been extended from 31 January 2021 to 30 April 2021. Which companies are subject to SDC and GHS contributions on DDD? Any company which has not distributed at least 70% of its...
Read More
Ultimate Beneficial Owner Register- Update
Ultimate Beneficial Owner Register Following our update on 8 January 2021 regarding the introduction of the Ultimate Beneficial Owner register in Cyprus, you are informed that the data collection commencement date has been moved from 18 January to 22 February 2021. The Registrar of Companies is expected to provide more details on the way forward...
Read More
Annual levy alert
Annual levy alert In line with government measures in response to COVID-19, an extension has been given on the payment of annual levy payable to the Registrar of Companies, amounting to €350 per company, from 30th June to 31st December 2020, without any additional charges. In the case where the new deadline stated above is...
Read More
Cyprus Urban Planning and Building Permits in less than 20 days
A new process to fast-track building permits in Cyprus is set to start on 1st October 2020, targeting to reduce the application processing time from several months to only 10 or 20 days. According to the Minister of Interior, Nicos Nouris, with the fast-track process, permits will be issued within 20 days for applications submitted...
Read More
Cyprus Investment Program
On 18th August 2020, the long awaited regulations governing the Cyprus Investment Programme have been published in the official Gazette. Although the main financial qualification criteria remain the same, the following changes have now been implemented: 1)    The minimum contributions to local (pre-determined) charitable organisations and innovation institutions have increased from EUR150.000 to EUR200.000 in...
Read More
The Cyprus Tax Department has announced that the date of submission of the 2019 Income Return for: (a) employees and pensioners (IR1) and (b) self-employed individuals whose turnover does not exceed €70,000 (IR1 self-employed), as well as the payment of the payable tax, is extended until October 30, 2020.   It is clarified that the...
Read More
As the situation with COVID-19 is evolving rapidly, please be informed that Fidescorp remains operational and continue to serve our clients and assist them in this difficult period. Our priority is to keep our people as well as your people safe so we have taken a number of measures to reflect the developing circumstances: •...
Read More
The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy.
Read More
1 2