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“ERGANI” – Register as an Employer in Cyprus
The amendments to the Social Insurance Law (167/2017) affecting Employers in Cyprus are applicable from the 13th of September, 2021 (the “Effective Date”). You should be aware of the following critical points: 1. From now and onwards,… Read more
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Payments via credit cards
We would like to inform our Clients that, from the 18th day of September, 2021, all Companies listed in Annex 2093must proceed with the required steps to accept credit card payments based on the Law on… Read more
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Register of Crypto Asset Service Providers in Cyprus
In June, 2021 the Cyprus Securities and Exchange Commission (“Cysec”) issued the Directive for the registration of Crypto Asset Service Providers (“CASPs”) and, for the first time, defined the… Read more
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Double Tax Treaty between Cyprus – Netherlands
The Republic of Cyprus and the Kingdom of the Netherlands signed their 1st Treaty for the Elimination of Double Taxation with respect to taxes on Income and the Prevention of… Read more
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Announcement: Extension for the payment of the Annual Levy of 2021
The House of Representatives in Cyprus approved the extension to the deadline for the payment of the Annual Company Levy (€350) until the 31st of December, 2021. For any clarifications please… Read more
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Amendment of Law on the Central Body of Equal Distribution of Burdens (141/1989)
Subject: Amendment of Law on the Central Body of Equal Distribution of Burdens (Recommendation, Purposes, Responsibilities and Other Related Issues) (141/1989) (hereinafter referred to as the “Law”). Purpose of the amendment: Reinforcement of… Read more
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Centralized Register of Ultimate Beneficial Owners & the concerns in light of the GDPR
THE UNDERLYING PURPOSE: Taking into consideration the aggregate calls for transparency by the constitutions of the European Union (hereinafter referred to as the “E.U.”) which, now more than ever,… Read more
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What is Unfair Competition Among Businesses & How is it Regulated?
“Competition”, as a term, features in many commercial transactions and everyday dealings among individuals and / or Entities. In order to guarantee that consumers will enjoy the best options… Read more
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Russian – Cypriot Double Tax Treaty (Part. 3 – Resolution)
After a series of extended negotiations on the renewal of the Treaty for the avoidance of Double Taxation (“DTT”) between the Republic of Cyprus and the Russian Federation, the… Read more