According to the recent reports, following the decision of the Central Bank of Lebanon, the Lebanese banks will be closing their branches in Cyprus. Lebanon is going through a severe
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The Minister of Finance of the Republic of Cyprus, Costantinos Petrides, has announced today that the Council of Ministers has approved today a Bill of Law setting forward an attractive tax
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On March 1st 2022, the Department of Registrar of Companies announced that the submission period of beneficial owners’ data in the Beneficial Owner Register is extended to 31.07.2022. For further
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On 9 February 2022, the Tax Department of Ministry of Finance of Republic of Cyprus announced that, it is possible for Taxpayers to pay the VAT due for the period
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Providing more incentives to small and medium-sized enterprises is now a fact as the “Ideas Powered for Business” program comes into force again from 10/1/2022 to 16/12/2022. The European Union
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Recently, one of the major Cypriot banks announced that they have created a specialised unit solely devoted to serve technology companies. According to the statement of the Bank; “this initiative
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On 22nd November 2021, The Tax Department of the Ministry of Finance of the Republic of Cyprus announced that there will be no imposition of fines to DAC6 overdue reportable
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On 27th October 2021, the Justice Committee of the House of Representatives of the Republic of Cyprus began examining two bills for the establishment of Commercial and Maritime Dispute Courts in
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According to recent statistics published by the Department of Land and Surveys, Cyprus, the real estate market is experiencing positive movements towards normalisation and it seems that 2021 saw a
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On the 16th October 2021, Cyprus and Egypt signed a memorandum of understanding (MOU) on electricity interconnection. The MOU will facilitate the construction of the €2.5 billion EuroAfrica Interconnector and
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