News & Publications

Cyprus – Reduction of Registrar of Companies Fees for Incorporation of Cyprus Companies

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...

Cyprus – New Definition for “Shell Companies”

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...

Cyprus – CYSEC Risk-Based Approach Guidance for the Securities Sector

The Cyprus Securities and Exchange Commission (the ‘CySEC’), has issued a Circular on the 5th November 2018 (Circular C286), to inform the Regulated Entities that the Financial Action Task Force (FATF) has published...

Cyprus – Passenger Name Record Directive

The Cyprus Parliament has, on November 30th, 2018, approved the law which transposes the provisions of the Passenger Name Record (PNR) Directive of the EU (2016/681) into the national legislation.

G. Vrikis & Associates LLC has been ranked amongst the top law firms in Cyprus

We are proud to announce that the law firm of G. Vrikis & Associates LLC has been ranked amongst the top law firms in Cyprus and has been included in the Legal 500...

European Union Announces its first Tax Havens Blacklist

The European Union, after a lengthy process, has announced on the 5th December 2017 its first Tax Havens Blacklist, being the first EU list of non-cooperative jurisdictions for tax purposes. The said blacklist...

Cyprus – VAT Update

The Cyprus Parliament has passed on the 3rd November 2017 an amendment to the relevant VAT law, effectively introducing VAT imposition at the standard rate (currently 19%) to the sale of land which...

Cyprus – Extension for Payment of Tax Arrears

The Cyprus Parliament has passed on the 29th September 2017 an amendment to the relevant law, effectively extending the deadline for individuals and corporations and entities to file for any apply for the...
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