Minority rights and derivative actions under Cyprus company law.
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.
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.
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.
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...
Changes in the anonymity status of BVI companies. The “BOSSs Act”
On June 12th, 2017 the BVI Government enacted the Beneficial Ownership Secure Search system Act, 2017 (“BOSSs Act”) and it shall come into force on June 30th, 2017. The BOSSs...
Annual government levy deadline, 30th of June 2017.
Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2017. The settlement of the annual duty should ONLY...
Cyprus – The Real Return on Investment!
“Cyprus, a country that is exceptional for business and ideal for living!” Watch a promotional video prepared by the Public Information Office which summarizes in 3.30 minutes the virtues of...
Annual government levy deadline, 30th of June 2016.
Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2016. The settlement of the annual duty...
Seminar – Company Directors: Duties & Liabilities
Our managing partner Christophoros Chirstophi will be presenting a series of two seminars for the Cyprus Fiduciary Association entitled “Company Directors: Duties & Liabilities” The seminars will be held on the 23/06/16...
Cyprus company strike off.
A company is a legal person. As such it has what is called “perpetual succession”. In other words it never dies. The question offers arises how a company can be...