News | Areti Charidemou & Associates LLC Law Firm - Cyprus Lawyers, Limassol Lawyers

22 03 '24

Abolition of an annual company fee for the year 2024 onwards

The Department of the Registrar of Companies and Intellectual Property announces that according to the Companies (Amendment) Law 2024, L.25(I)/2024, which was published in the Official Gazette of the Republic on March 15, 2024, the annual fee for companies registered in the Register of the Registrar of Companies is abolished from 2024 onwards. The annual fees…

18 12 '23

ANNOUNCEMENT CONCERNING THE EXTENSION OF TEMPORARY PROTECTION STATUS FOR UKRAINIAN NATIONALS

The Ministry of Interior informs all interested parties that on the basis of the relevant Decision of the Council of Ministers, the right to temporary protection is automatically extended for one year, to those beneficiaries who have already received such status in Cyprus, i.e., until March 4, 2024.Therefore, for those who are already beneficiaries of…

08 12 '23

Areti Law Firm’s Heartfelt Invitation: No Child Without a Present

The holiday season is a time for warmth, generosity, and coming together to make a positive impact on those who may need it most. At Areti Law Firm, we believe in the power of community and the joy that giving can bring. This year, we are thrilled to extend a heartfelt invitation to all of…

07 12 '23

Cyprus naturalisation of foreign nationals based on years of residence

What changes with naturalisations – The new framework for qualifications and criteriaThe Cypriot House of Representatives approved on the 30th of November 2023 an amendment of the Civil Registry Law (‘the Law’), modernising the current legal framework and relaxing the requirements and criteria for naturalisation of foreign nationals. The amendments primarily relate to the amount…

07 11 '23

China joins the hague convention

On March 8, 2023, China officially submitted documentation to accede to the Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents, commonly known as the Apostille Convention. The Apostille Convention facilitates the use of public documents abroad by replacing the often long and costly legalization process by issuing a simple Apostille certificate. The…

29 09 '23

The Civil Registry Law of 2002 (141(I)/2002)

Deprivation of citizenship In the below article 113 of the above-mentioned law, are listed all the possible ways a Cypriot national, who acquired the Cypriot citizenship by any of the available legal means, may lose the citizenship:(1) A citizen of the Republic who is a citizen according to registration or is a naturalized person, ceases…

27 09 '23

Extended deadline for the submission of 2022 personal income tax returns (IR 1) and for the payment of tax

We would like to inform you that in accordance with a Decree issued on 25 September 2023, the following deadlines are extended to 31 October 2023: Electronic submission of the 2022 personal income tax return by employees and pensioners (TD1 – Employee) whose gross income exceeds €19.500, and for the payment of their final tax…

18 08 '23

Cyprus Transfer Pricing: Simplification Measures

On 6 July 2023, the Commissioner of Tax issued circular 6/2023 providing clarifications and guidance on the applicability of the Transfer Pricing (TP) Legislation applicable retroactively from January 1, 2022. The Circular presents simplified TP documentation on categories of transactions which do not exceed the threshold of €750.000, and thus do not create the obligation…

03 07 '23

Payment of Temporary Tax for the year 2023

According the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2023 should submit to the Tax Authorities by 31 July 2023, a temporary tax return form (T.D6), based on their estimated taxable profits for the current year and pay the temporary tax in two equal instalments before or on…

13 06 '23

Extended deadline for the submission of 2022 personal income tax returns (IR 1) and for the payment of tax

We would like to inform you that in accordance with a Decree issued on 09 June 2023, the following deadlines are extended to 02 October 2023: Electronic submission of the 2022 personal income tax return by employees and pensioners (TD1 – Employee) whose gross income exceeds €19.500, and for the payment of their final tax…