On 25 August 2025, the Department of the Registrar of Companies and Intellectual Property (DRCIP) announced that all companies, partnerships, and European Public Limited Companies (SEs) registered in Cyprus must
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Recently, the Cyprus House of Parliament has passed legislation approving the creation of a financial sanctions unit within the Ministry of Finance. The unit will coordinate the enforcement of sanctions
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The Cyprus Council of Ministers has approved an extension for the submission of 2024 personal income tax returns and associated payments. This adjustment is intended to simplify compliance and ease
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From the 2022 tax year onward, all companies in Cyprus, as well as Permanent Establishments (PEs) of non-resident entities that engage in controlled transactions (transactions with related parties), are obligated
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On 24 January 2024, the Department of Registrar of Companies and Intellectual Property (the Registrar) announced that all registered companies with the Registrar should verify and update their registered office
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On 16 December 2024, the Department of the Registrar of Companies and Intellectual Property (the Registrar) announced significant updates to the Beneficial Ownership Registry framework under the Prevention and Combating
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On 21 November 2024, the House of Parliament passed a law amendment significantly reducing the fines for corporate entities that fail to declare their ultimate beneficial owners (UBOs) on time.
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The Parliamentary Committee on Energy, Trade, Industry and Tourism of the Cyprus House of Representatives decided on 8 October 2024 to delete all fines imposed for failing to submit the
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On 16 July 2024, the Department of the Registrar of Companies and Intellectual Property announced that in cases of change of officers/partners in a company/cooperative, the responsibility to carry out
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On 1st of September 2023, the Department of Registrar of Companies and Intellectual Property announced that; “All companies that have been incorporated or registered according to Companies Law Cap. 113,
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