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...
Cyprus has made ‘enormous progress’ on money-laundering clampdown.
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...
How over-compliance in the banking sector threatens to kill Cyprus as a business center.
Cypriot banks are under extreme pressure, the last few months, by their regulator, the Central Bank of Cyprus, as regards the opening and operation of bank accounts of companies belonging...
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...