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Cyprus
Harneys
This levy requirement has been in place as a statutory obligation for all such companies since 2011, and this decision is a positive development towards reducing the financial burden on businesses.
Chrysostomides Advocates & Legal Consultants
The obligation of all companies registered in Cyprus with the Department of Registrar of Companies and Intellectual Property to pay the annual levy of EUR 350...
Christophi & Associates
Opening a bank account in the EU has become very challenging in recent years due to the enhanced due diligence and KYC procedures.
Michael Chambers & Co. LLC
Cyprus has made a significant move to enhance its appeal as a leading international business destination by announcing the abolition of the €350 annual company levy, effective from 2024.
AGP Law | A.G. Paphitis & Co. LLC
Companies in Cyprus's dynamic business environment face a variety of legal challenges that have a substantial impact on their day-to-day operations and potential for future expansion.
Kinanis LLC
An important update was recently announced on the 17th of January 2021 by the Department of the Registrar of Companies and Intellectual Property of the Ministry of Energy, Commerce and Industry of Cyprus...
Kinanis LLC
On the 21st of February, the President of the Republic of Cyprus, announced the decision of the Council of Ministers to abolish the annual levy obligation of EUR 350.00...
MariCorp
All entities established or registered under the Companies Law, Cap. 113, European Public Limited Liability Companies (SE), and Cooperatives (hereinafter referred to as "Organizations")...
Patrikios Legal
During the last few years, Cyprus has been evolving in many sectors and has undoubtedly become a business hub, attracting talents and fresh ideas from around the world.
Kinanis LLC
The Emerging Companies Market ("ECM") is a recognised unregulated market of the Cyprus Stock Exchange ("CSE"), offering the opportunity to Cyprus and international companies...
McMillan Woods
The two most common ways to operate a business in Cyprus are as (a) self-employed or (b) through a limited liability company.
Michael Kyprianou Law Firm
In 2013, the Republic of Cyprus introduced the Law on the Establishment of a National Solidarity Fund (the ‘Fund') (Law 11(I)/2013) (the ‘Law') as a significant move towards financial governance.
AGP Law | A.G. Paphitis & Co. LLC
On Wednesday, 21st of February 2024 the President of the Republic of Cyprus Mr. Nikos Christodoulidis announced through a televised message...
McMillan Woods
This summary is intended for general guidance only and does not constitute a legal opinion.
Eurofast
On the 15th of February 2024, the Plenary of the Cyprus Parliament ratified a noteworthy amendment to the Companies Law (Cap.113), signifying a pivotal...
McMillan Woods
On 9th of June 2022, the House of Representatives passed amendments to the Companies Law.
Phoebus, Christos Clerides & Associates LLC (Clerides Legal)
In the recent judgment of the new Cyprus Court of Appeal dated 09/02/2024, Regarding the Petition of Evelyn Bates v. Regarding the Company M. Moniatis & Sons Ltd, Civil Appeal no. 145/2018, 9/2/2024 the following were decided:
McMillan Woods
Finally, after 12 years since 2011, the €350 annual levy fee is being abolished on all Cypriot companies. The decision was made on February 21, 2024.
European Union
Harneys
The Bill is currently before the Parliamentary Committee of Energy, Commerce and Industry for discussion before the final Bill may be presented in Parliament for voting.
McMillan Woods
Law 97(Ι) of 2016, which was published in the official gazette on 23 September 2016, amends the Companies Law Cap 113 in order to transpose the EU Accounting Directive (2013/34/EU) into domestic law..
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