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Cyprus
G. Vrikis & Associates Ltd
The Department of Registrar of Companies and Intellectual Property announced on the 28th of March 2024, in the context of facilitating compliance with the Register of Beneficial Owners...
McMillan Woods
When thinking about registering a company in Cyprus, there are several important factors to consider. Here are some key points to keep in mind:
Michael Kyprianou Law Firm
A limited liability company can be incorporated provided that one or more persons have signed the memorandum and the articles of this company and have agreed that they will hold shares in this company.
Eurofast
The financial surroundings in Cyprus have been a subject of intrigue, particularly concerning its association with foundations. Contrary to misconceptions, Cyprus is not inherently...
Harneys
On 28 February 2024, the Registrar of Companies and Intellectual Property (the Registrar) issued a press release urging all companies, including those registered under the Companies Law...
G. Vrikis & Associates Ltd
In accordance to the amendment passed into the Cyprus Companies Law, Cap.113 by the Company Law (Amendment) Law 2024, L.25(I)/2024...
S&A
Great news for the Cyprus business community! In a landmark decision, the annual company fee of EUR 350 will be abolished starting in 2024.
KPMG in Cyprus
For online payments made through JCC, the excess amount will be refunded directly to the card used for payment without any further action by the applicant.
KPMG in Cyprus
Read our regulatory newsletter to find out the latest updates in Cyprus and Europe
Chrysostomides Advocates & Legal Consultants
The phased implementation process of the final electronic system solution of the Cypriot Register of Beneficial Owners of companies and other legal entities (the "UBO Register")...
Elias Neocleous & Co LLC
2023 marked 30 years since the establishment of the European Single Market and the introduction of the four fundamental freedoms of movement it embodies: freedom of goods, capital, services, and people.
McMillan Woods
There are two ways to close a Cyprus Company. The question that often arises is how a company can be dissolved or be "killed". We have the "strike-off" and the "liquidation" process.
Elias Neocleous & Co LLC
Companies established prior to 2024 were obligated to pay an annual corporate levy by June of every year amounting to EUR350 according to section 391 of the Companies Law...
AGP Law | A.G. Paphitis & Co. LLC
What are the main reasons for the rise of shareholder disputes and what are the mechanisms available for shareholder dispute resolution?
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.
European Union
Eurofast
Following the European Council's approval on 26 February 2024, the amended directive, encompassing changes to Directives 2011/61/EU and 2009/65/EC, is set to be published in the EU's...
Y. Vasiliou & Co LLC
As a general rule, a company in the Republic of Cyprus should give priority in employment recruitment to Cypriots and EU nationals before employing a Third Country National.
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.
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