In view of the strict restrictive measures imposed, the Municipality of Limassol informs the public that the deadline for the payment of the annual licensing fee has been extended to 31/05/2020. For more information or clarifications, you can contact our Operation Compliance Officer Mrs. Vicky Koula at  +357 25 50 80 80 as well as…

Areti Charidemou & Associates LLC wishes to inform its Clients that on 16/03/2020 the Members and the President of the Supreme Court of Cyprus, in the presence of the Minister of Justice and Public Order, the Attorney General and the President of the Cyprus Bar Association, unanimously, decided the following measures, amongst others, in order…

Areti Charidemou & Associates LLC amid coronavirus outbreak decided the following in order to preserve the health and safety of our Clients and our Employees. To suspend and reschedule all of our business trips. To minimize the risk of spreading coronavirus we encourage conference calls, Skype meetings or phone calls with our Clients instead of…

We are pleased to announce that the Senior Associates Katia Tsangari and Andria Antoniou make Partner with Areti Charidemou & Associates LLC. The Firm’s management would like to thank them for their loyalty, dedication and valuable contribution to the firm’s growth and wish them every success to their new role and responsibilities.

1   Changes to Law for IBCs holding IP Assets We would like to update you regarding Belize International Business Companies (“IBCs”), and their legal obligations regarding the holding of international property assets (“IP assets”): IBCs shall not acquire, hold, own, or deal in any IP assets, pursuant to Section 5(4) of the International Business Companies…

The deadline for the settlement of the second instalment of the 2019 temporary tax is the 31st of December 2019. The deadline refers to the second and final instalment of the temporary tax for the current year, which all Cyprus tax resident companies and individuals having income subject to income tax other than salary income…

All Cyprus companies have an obligation to file to the Registrar of Companies an Annual Return (HE32), which must be accompanied by the audited financial statements of the previous year. The Annual Returns (HE32) are always accompanied by the audited financial statements of the previous year (e.g. the Annual Return (HE32) for the year 2019…

The Cyprus Parliament voted on 5 April 2019 the first implementation law in Cyprus of the EU AntiTax Avoidance Directive (ATAD) and specifically on the following areas: Controlled Foreign Company (CFC) rule – effective date 01 January 2019 (Net) Interest limitation rule – effective date 01 January 2019 General Anti-Abuse rule (GAAR) – effective date…