Anti-Money Laundering/Counter-Terrorist Financing Compliance Manual seminar by UCLan.
The School of Law of UClan Cyprus organised a very interesting AML Seminar last Saturday 19/05/2018. The seminar entitled “How to Structure an Anti-Money Laundering/Counter-Terrorist Financing Compliance Manual” was presented by the experts...
Minority rights and derivative actions under Cyprus company law.
It is a general principle of company law that an individual shareholder cannot sue for wrongs done to a company or complain of any internal irregularities. This principle is widely...
Companies that own or trade in shares need to get an LEI code as of the 3rd of January 2018.
According to EU Regulation no. 600/2014, banking and financial institutions must present to their supervising authorities reports containing complete and accurate details of executed transactions. This starts from the 3rd of January 2018....
VAT introduced on the supply of building land and business.
VAT introduced on the supply of building land and business. On 3 November 2017, the Cyprus Parliament voted the amendments in the Cyprus VAT legislation fulfilling its obligation to the...
Notice to all companies to settle annual levy for past years.
The Registrar of Companies has resently sent out notices to all private companies that have not paid the annual levy in any year starting from 2012, 2013, 2014 or 2015, to...
Transparency changes in Belize company law.
Belize has recently introduced changes in its company law (the Belize IBC Amendment Act (2017) , to address certain OECD requirements while at the same time minimizing their impact on...
Get Cyprus tax residency by staying 60 days in Cyprus.
A new bill was voted into Law last Friday 14th of July 2017 amending the Income Tax Law allowing an individual to acquire Cyprus tax residency by staying only 60...
Changes in the anonymity status of BVI companies. The “BOSSs Act”
On June 12th, 2017 the BVI Government enacted the Beneficial Ownership Secure Search system Act, 2017 (“BOSSs Act”) and it shall come into force on June 30th, 2017. The BOSSs...
Bank charges and commissions charged by Cypriot banks.
Many international clients feel a disappointment when, after opening a bank account with a Cypriot bank, discover that bank charges and commissions are too expensive for their budget. Consequently, we...
Annual government levy deadline, 30th of June 2017.
Please be reminded that all Cyprus companies should settle the special annual government levy of 350 euro by the 30th of June 2017. The settlement of the annual duty should ONLY...
