The Cyprus Parliament has passed the new amendment to the Law for the Prevention and Combating of Legalization of Income from Illegal Activities (amendment Law N.141(I)/2024), which introduces the following main amendments to the Law relating to the obligation imposed for the filing of the Ultimate Beneficial Owners (UBO) of each Cyprus Company with the...Read More

Introduction of New Provisions for Registers On the 26th of July 2024, the Official Gazette of the Republic of Cyprus published the new Companies (Amendment) (No.4) Law 101(I) of 2024. This law introduces significant changes to the basic Companies Law, with the main amendments as follows: Amendment to Article 365H A new paragraph (f) has...Read More

The Department of Registrar of Companies and Intellectual Property announced on the 28th of March 2024, in the context of facilitating compliance with the Register of Beneficial Owners, that by presenting a Declaration it is possible to find out in which companies someone is appointed as officer and/or Shareholder and the search will be made...Read More

Introduction of Transfer Pricing Documentation Requirements in Cyprus On 30th June 2022 the Cyprus Parliament approved the long awaited amendments to the Cyprus Income Tax Law and new Regulations to introduce Transfer Pricing (“TP”) documentation compliance obligations which closely follow the OECD TP Guidelines (as amended from time to time). The amendments to the Income...Read More