The end of anonymity. Cyprus transposes into Law the Fifth Anti-money laundering Directive. (Directive 2018/843)
Introduction The Fifth Anti-Money Laundering Directive (5AMLD) came into effect on the 10th January 2020 and serves to address new issues that have been exposed since the Fourth Anti-Money Laundering...
Reminder about obligation to pay annual government levy for 2020.
This is a reminder to our clients that they need to pay the annual levy 2020 for their company up to 31 December 2020. Normally the annual levy is payable...
Opening a travel agency in Cyprus.
Cyprus is an ideal destination for EU citizens to open a licensed travel agency due to the favourable conditions, low license fee and low cost of living in general. The...
Extension of the deadline of the special government levy of companies until 31/12/2020.
The obligation to pay the company’s special government levy payable every June is suspended and is transferred on the 31th of December 2020. The Companies Law (Amendment) (No. 2) Law...
Companies House in Cyprus.
The companies house in Cyprus is the department of the Registrar of Companies and Official Receiver as it is called. The registrar of companies has recently launched a new website...
Open a company in Cyprus. Find all the information free!
There are many reasons to open a company in Cyprus. An important one is the possibilities that are offerred in terms of sensible tax planning. Asset protection is also another...
Alert! Failure to file Annual Return on time leads to an administrative fine.
Following a change in Company Law that took place in March 2019, the non timely submission of the annual return will lead to an automatic fine. The annual return is...
What are the rights of a shareholder in a private limited company?
Many times I get asked the question, usually from minority shareholders, what are my rights as a shareholder? There is a simple answer and a more complicated one. In this...
Annual government levy deadline, 30th of June 2019.
Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2019. The settlement of the annual duty should ONLY...
Recent changes in Cyprus company law – December 2018.
The Cyprus Companies Law was amended in December 2018 by the House of Representatives (Law 149(I)/2018) . Certain changes came into force at of the date of publication of the...