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Update: Nigeria and South Africa under Increased Monitoring by FATF
On the 24th of February 2023, FATF issued an updated list of jurisdictions under increased monitoring. The updated list includes Nigeria...
Update: Russia and 3 other countries blacklisted by EU as non-cooperative
On the 14th of February, the EU issued a press release updating its blacklist regarding non-cooperative countries adding the British...
2023: Cyprus Tax Department Transfer Pricing updated FAQ
On 10 February 2023, the Cyprus Tax Department issued an updated text with Frequently Asked Questions regarding to transfer pricing. The...
Cyprus: A guide to filing Annual Returns and Financial Statements
All companies in Cyprus, following their incorporation with the Registrar of Companies, have the statutory obligation to maintain their...
Cyprus: Foreign interest companies and non-EU employees
The Ministers Council approved recently certain changes in the criteria for companies to register as foreign interest companies in...
2023: The new Cyprus Tax for All System
On 17/1/2023, the Cyprus Tax Department announced that the gradual implementation of the new Unified Tax Management System Tax For All...
Cyprus Businesses and Salary Payment – Employer’s Obligations
In December 2022, an amending law on the Protection of Salaries was published in the Official Gazette of the Republic of Cyprus, which...
Updated 2023: Cyprus Social Insurance and General Healthcare System contributions
General Healthcare System and Social Insurance contributions in Cyprus for the year 2023 will remain the same as in 2022. Please note...
A brief glance at the new Cyprus Shipping Limited Liability Companies (SLLC)
On October 6, 2022, the Cyprus Shipping Deputy Ministry (SDM) announced that the “Law on the Shipping Limited Liability Company” of 2022,...
Cyprus bank and public holidays for 2023
The dates listed below are Bank and Public Holidays in Cyprus for 2023. On these dates, all public services, private companies, banks,...
European Court of Justice rules against general public access to UBO registry
25/11/2022 After the debate of whether AML regulations can come in conflict with GDPR regulations for EU citizens, the European Court of...
Cyprus: Imposition and collection of 0.4% fee on immovable property sales
Based on legislation passed in February 2021, all transfers and sales of immovable property and/or shares of a company which is not...
Cyprus AIRBNB accommodations: Everyone must register
Cyprus: The Deputy Ministry of Tourism announces that all self-catering accommodations (on AIRBNB, BOOKING.COM and other platforms)...
Intellectual Property in Cyprus – information, benefits, protection
Contrary to owning tangible objects, such as for example owning a car, house or other objects, intellectual property refers to owning by...
October 2022: income tax declaration exemption update
Cyprus – The Council of Ministers issued a Decree (September 2022) regarding income tax returns for 2022. The decree states that all...
Cyprus Anti-Money Laundering (AML) documentation requirements
AML Compliance has grown to become an integral part of the financial services sector. Following the law requirements, Our Cyprus-based...
Cyprus CySEC: Registration for Express Trusts Beneficial Ownership
The Cyprus Securities and Exchange Commission wishes to remind all trustees of express trusts or persons holding an equivalent position...
2022: Social Insurance Payments, Unemployment and Maternity allowance
Cyprus: In the context of the digitization and modernization of the services offered to the Citizens, the Ministry of Labor and Social...
UK Overseas Entities must register their property
Overseas entities with existing UK property interests or who intend to acquire property, must register their beneficial ownership...
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