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Category: Company and Corporate

Company law and corporate law related posts

Alert! Failure to file Annual Return on time leads to an administrative fine.

Oct 26, 2019
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?

Oct 1, 2019
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.

May 23, 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.

May 22, 2019
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...

Cyprus has made ‘enormous progress’ on money-laundering clampdown.

Apr 24, 2019
US Department of Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea on Friday praised Cyprus’ “enormous progress” on issues relating to anti-money laundering (AML). Billingslea who is visiting Cyprus, met...

Minority rights and derivative actions under Cyprus company law.

Jun 1, 2018
It is a general principle of company law that an individual shareholder cannot sue for wrongs done to a company or complain of any internal irregularities. This principle is widely...

Companies that own or trade in shares need to get an LEI code as of the 3rd of January 2018.

Jun 1, 2018
According to EU Regulation no. 600/2014, banking and financial institutions must present to their supervising authorities reports containing complete and accurate details of executed transactions. This starts from the 3rd of January 2018....

Notice to all companies to settle annual levy for past years.

Oct 12, 2017
The Registrar of Companies has resently sent out notices to all private companies that have not paid the annual levy in any year starting from  2012, 2013, 2014 or 2015,  to...

Transparency changes in Belize company law.

Oct 4, 2017
Belize has recently introduced changes in its company law (the Belize IBC Amendment Act (2017) , to address certain OECD requirements while at the same time minimizing their impact on...