In October 2021, the Cypriot Minister of Finance, Mr. Konstantinos Petrides, introduced an action plan for attracting foreign companies to operate or enlarge their business in Cyprus (the “Action Plan”), with the aim of making Cyprus a sustainable business hub. The core provisions of the Action Plan are summarily mentioned below: 1.Business Facilitation Unit The…
The deadline for the settlement of the second instalment of the 2021 temporary tax is the 31st of December 2021. 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…
We are very glad to inform you that the Fun Day event was completed successfully. We would like to send our heartfelt appreciation to you, the companies and groups who were involved in this initiative. Your donations are on the way to children and families living in conditions of poverty. The clothes, vouchers and food…
Η ραγδαία προηγμένη τεχνολογική εξέλιξη, η παγκοσμιοποίηση της σύγχρονης οικονομίας και οι συνθήκες της υγειονομικής κρίσης κάνουν σήμερα πιο επιτακτική την ανάγκη των επιχειρήσεων να οργανώσουν τον τρόπο λειτουργίας τους βασιζόμενοι σε μέτρα που προωθούν όχι μόνο την προστασία των πληροφοριών, αλλά και την κουλτούρα σεβασμού στην ιδιωτικότητα και στο προσωπικό απόρρητο. Στο πλαίσιο αυτό,…
The deadline for submitting the tax return for companies (Form IR 4) and self-employed individuals that have turnover exceeding the amount of €70,000 and have an obligation to prepare audited accounts (Form IR1 self-employed), for the year 2019, is extended until 30 November 2021.
On the 23 October 2019, the European Parliament and of the Council of the European Union has adopted the Directive 2019/1937 on the Protection of Persons Who Report Breaches of Union Law – EU Whistleblower Directive, herewith referred to as “the Directive”, with the aim to lay down common minimum standards across the EU for…
Η χρηματοοικονομική κρίση που ξέσπασε στις Ηνωμένες Πολιτείες της Αμερικής τα τελευταία χρόνια, εξαπλώθηκε με ραγδαίους ρυθμούς, πλήττοντας σημαντικά και τους κόλπους της Ευρωπαϊκής Ένωσης (στο εξής ʺη ΕΕʺ). Μεγαλειώδη σκάνδαλα εταιριών – κολοσσών είδαν το φως της δημοσιότητας και οδήγησαν σε αλυσιδωτές καταρρεύσεις εταιριών, με φαινόμενα κατάχρησης και διαφθοράς να διαφαίνονται στα διοικητικά συμβούλια…
The Legal System of Cyprus is based on Common Law. Its economy operates based upon an open, market driven principle, with favorable tax regimes for the incorporation of companies and investments. Moreover, Cyprus is characterized by a high per capita income and renowned as a European Union center for foreign investments, offshore businesses and activities
We are proud to announce that our law firm is expanding its’ legal services to Greece by opening a new office in the heart of Athens city center. Mrs Maria Ratsa, Mrs Maria Avzioti and Mrs Aggeliki Papantoniou are the new members of our legal team and each one of us is ready to offer…
Pursuant to sections 104 and 105 of the Municipalities Law 111/1985, and a City Council’s decision dated 26 September 2019, the Limassol Municipality announced its decision to impose annual trade license fees on legal entities having their registered office address within the geographic boundaries of the Municipality as follows: For legal entities working independently, an…
