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Category: News

Fraud by entity presenting itself as Christophi Danos & CO LLC using our contact details.

Dec 5, 2016
  We have been contacted recently by several people from New Zealand , Australia and South Africa asking if we have any relationship with a law firm named Christophi Danos & CO...

How to pay the annual government levy to the Registrar of Companies.

Jun 26, 2014
Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2014. The settlement of the annual duty should ONLY...

Loans in foreign currency and borrower’s rights, Part 2

May 27, 2014
On the 14th of April 2014 I wrote an article about loans in foreign currency and the rights of borrowers. The link to that article is here. The article dealt...

Introduction of a “special cases” category for granting Cypriot citizenship.

Apr 7, 2014
On  Friday 28th of March 2014 the Council of Ministers announced a change to the criteria by which Cypriot citizenship may be granted to foreign investors. The change is temporary...

Abuse of the legal aid system by lawyers and lawfirms!

Mar 17, 2014
“Politis” newspaper in its Sunday edition 16/03/2014, discloses the names of lawyers and law firms whose clients applied and were approved for legal aid. Legal aid is available in Cyprus...

Appointment of new Governor of the Central Bank of Cyprus

Mar 11, 2014
Mrs Chrystalla Yiorkadji, Auditor General, is the new Central Bank of Governor. Her appointment, effective as from the 11th of April 2014,  was announced today following the resignation of the...

4 NEW CYPRUS DOUBLE TAXATION TREATIES ENTER INTO FORCE WITH EFFECT FROM 1 JANUARY 2014

Feb 5, 2014
In line with the OECD Model Convention, four new Double Taxation Treaties (DTT) have  come into force with effect from 1st of January 2014, between Cyprus and the following countries: 1. DTT...

NEW DOUBLE TAX TREATY BETWEEN CYPRUS AND UKRAINE

Oct 2, 2013
Following the ratification of the new treaty by the Government of Cyprus on the 22nd of  March 2013, the Ukrainian parliament has proceeded with the ratification the new double  tax...

INCREASE IN THE CORPORATE TAX RATE

May 8, 2013
With effect from 1 January 2013 the corporate tax rate has been increased from 10% to 12,5%. Transfer and carry forward of tax losses by credit institutions With effect from...

CASH RESTRICTIONS MEASURES

Mar 28, 2013
The Minister of Finance, in exercise of the powers conferred by Articles 4 and 5 of the restrictive measures in trade in Case of Emergency Act of 2013, upon the recommendation of...