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

News & Publications

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
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
Income Tax Return – Deadline extension The deadline for the electronic submission of the income tax return for the tax year 2019, for companies and self-employed persons whose turnover exceeds the amount of €70,000 and have the obligation to prepare audited accounts, has been extended from 31 March to 30 September 2021. Our team is...
Read More
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 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
Expiration of the Reduced VAT rate on the hotel sector, restaurants and passenger transport from January 11, 2021 The reduced VAT rate of 5% instead of 9% in the following services, which was valid from 1/7/2020, expired on 10/1/2021: Hotels and tourist accommodation and similar premises Restaurants and catering services Transportation of passengers by taxis...
Read More
The evolving transparency measures taken across the world and the continuous advances in Anti-Money Laundering Legislation, have been leading the EU member states to the development of Centralised Registers of Ultimate Beneficial Owners (“UBOs”). On 16 December 2020, the Council of Ministers, in line with Article 57(b) of the “Prevention and suspension of money laundering...
Read More
1 2 3 7