The Cyprus Lawyer

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When a foreign company is going to be operating in Cyprus it can do so by registering with the department of the registrar of companies and official receiver. In this article we will be considering the legal aspects regarding doing business in Cyprus, the relevant obligations, as well as the differences between the various business vehicles that a Foreign Company operating in Cyprus may choose from for a quick answer scroll to the Questions and…
The Cyprus Government has published a draft legislation on the 15th of January 2020 whereby it tries to regulate the services offered by British Insurance Companies in Cyprus. The proposed law comes to regulate British insurance Companies as well as British re-insurance companies by amending national relevant law. For the avoidance of any doubt in this article the term Insurance Company shall also include a Re-Insurance Company. Last year a similar law was passed whereby…
The Cyprus Government has published a draft legislation on the 15th of January 2020 whereby it tries to regulate the services offered by British Insurance Companies in Cyprus. The proposed law comes to regulate British insurance Companies as well as British re-insurance companies by amending national relevant law. For the avoidance of any doubt in this article the term Insurance Company shall also include a Re-Insurance Company. Last year a similar law was passed whereby…
Cyprus private companies limited by shares are required to prepare and submit to the registrar of companies an annual return HE32. The Cyprus annual return HE32 must be accompanied by: Audited Financial Statements (the “FS”) Declaration of the Director and Secretary (the “Declaration”) confirming that the FS submitted are those presented to the shareholder at an Annual General Meeting (“AGM”) 4 Common Mistakes Affecting Cyprus Annual Return HE32 Although the above seems a simple and…
Cyprus private companies limited by shares are required to prepare and submit to the registrar of companies an annual return HE32. The Cyprus annual return HE32 must be accompanied by: Audited Financial Statements (the “FS”) Declaration of the Director and Secretary (the “Declaration”) confirming that the FS submitted are those presented to the shareholder at an Annual General Meeting (“AGM”) 4 Common Mistakes Affecting Cyprus Annual Return HE32 Although the above seems a simple and…
The MOF (Ministry of Finance) has started checks on the qualifying investments undertaken between 1st of May 2013 and 31st of December 2018 as part of the Cyprus Investment Programme. The MOF requested the members of the Register of Service Providers of the Cyprus Investment Programme to provide supporting documents for their clients qualifying investments to check that they still hold those qualifying investments which entitled them to be naturalized under the Cyprus Investment Programme…
The MOF (Ministry of Finance) has started checks on the qualifying investments undertaken between 1st of May 2013 and 31st of December 2018 as part of the Cyprus Investment Programme. The MOF requested the members of the Register of Service Providers of the Cyprus Investment Programme to provide supporting documents for their clients qualifying investments to check that they still hold those qualifying investments which entitled them to be naturalized under the Cyprus Investment Programme…
To my friends, readers and loyal supporters, i would like to wish you all a Merry Christmas. Hope you spent plenty of time away from your work and in the depths of your love-ones arms. Remember that Christmas is a time of love and rejoice in life and family time. Enjoy the small moments even more; since they are the only ones which remain. Forgive and make menace since time is precious Sincerely Harris Sharpe…
To my friends, readers and loyal supporters, i would like to wish you all a Merry Christmas. Hope you spent plenty of time away from your work and in the depths of your love-ones arms. Remember that Christmas is a time of love and rejoice in life and family time. Enjoy the small moments even more; since they are the only ones which remain. Forgive and make menace since time is precious Sincerely Harris Sharpe…
Double Taxation Dispute system inoculated in Cyprus relates to a double taxation dispute between Cyprus and one or more member state as to the taxing rights over the same profit. Cyprus On the 5th of December 2019 transposed EU Directive 2017/1852 of 10 October 2017 on tax dispute resolution mechanisms in the European Union . The EU-wide system: Ensure that businesses and citizens can resolve disputes related to the interpretation and application of tax treaties…