Article 9(B) of the Income Tax Law 2002 (as amended) provides for a notional interest deduction for tax purposes on new equity capital (ie, paid-up share capital and share premium) injected into companies and permanent establishments of foreign companies on or after 1 January 2015 to finance business assets, calculated by applying a reference rate...Read More

Pursuant to an Announcement issued by the Department of the Registrar of Companies and Official Receiver of the Republic of Cyprus on 08/01/2019, and on the basis of legal advice received by the office of the Attorney General of the Republic, the Registrar of Companies shall cease accepting for registration several categories of charges. Specifically,...Read More

  We would like to inform you that the Cyprus Securities and Exchange Commission (“CySEC“) has published an announcement reiterating the legal and regulatory framework applicable to Registered Alternative Investment Funds (“RAIFs“). This has been done in an effort on behalf of CySEC to rectify various announcements and publications made from various RAIFs which contained […]Read More

The Council of Ministers has exercised its discretion and has, as of the 18th December 2018, amended the Regulations governing the applicable fees of the Registrar of Companies, by the issuance of the new ΚΔΠ 364/2018.Read More

The Central Bank of Cyprus (“CBC”) issued a circular (Ref. BS 6020) on 02/11/2018, with the purpose of clarifying and further explaining the vague information and definitions about the so-called “shell companies” and entities in Cyprus and how licensed Financial Institutions should deal with them. This was highly needed as the original circular which was […]Read More