OECD Global Forum upgraded Cyprus rating
The recent Global Forum on Transparency and Exchange of Information for Tax Purposes of the OECD took place on 29 and 30 October 2015 in Barbados. Following crucial changes in Cyprus’ legal framework, practices and procedures, the new rating of Largely Compliant has been finally assigned to the Republic of Cyprus. The last evaluation of […]
Article for “Ukrainian Lawyer” Magazine
«Ukrainian Lawyer» Magazine
New CySec Directive On Corporate Governance Of CIFs
The Cyprus Securities and Exchange Commission (“CySEC”), as an authority regulating the operation of Cyprus Investment Firms (hereinafter referred to as “the CIFs”), has recently issued guidance on what it considers to be significant Cyprus investment firms (“CIFs”). This guidance was presented in the form of the CySEC Directive DI 144-2014-14 for the Prudential Supervision […]
Greek shipping companies looking into Cyprus
Dear Colleagues, In view of the latest developments in EU, we would like to inform you about the services we are capable of providing in the sectors of shipping and maritime law, which can be of help for you. Firstly, let us dedicate few words for the general overview of the benefits of Cyprus. • […]
Newsletter July 2015
Dear Colleagues, In the present newsletter we would like to inform you about three recent announcements that you may find interesting and useful. Extension For The Payment Of Companies Annual Levy For 2015 Following a request by a large number of professionals and general public who encounter difficulties to pay the annual fee of three […]
Cyprus And Egypt Aim For Gas Import Deal
An energy deal was signed between Cyprus’s and Egypt’s energy ministers this past Monday, February 16th 2015, which could see the island supplying its Mediterranean neighbor with gas. Egyptian Prime Minister Ibrahim Mahlab was in Nicosia for the signing of the agreement by Cyprus Energy Minister George Lakkotrypis and his Egyptian counterpart Sherif Ismail. Cyprus […]
Greece’s prime minister Alexis Tsipras makes first foreign visit to Cyprus
Due to the visit of Greece’s Prime Minister Alexis Tsipras to Cyprus (this would be his first official visit to a foreign country after being elected as Prime Minister; it’s worth mentioning that the Cypriot President Mr. Nikos Anastasiades visited Athens in March 2013 on his first foreign visit as president), a joint press conference […]
Legal Advice for “Cyprus Expert” Newspaper
On the latest edition of the Cyprus-based newspaper “Cyprus Expert” our Managing Partner, Nasos Kyriakides, has provided a legal advice to a reader with regards to the mandatory requirements imposed in order for citizen of EU to legally and for a long term reside in Cyprus based to the reader’s case. His legal advice was […]
Greek Government Brings Forward Crucial Presidential Vote
The Greek government decided to expedite all necessary procedures concerning the election of the President of the Republic. Greek Prime Minister Antonis Samaras and Vice President Evangelos Venizelos met at Megaro Maximou, shortly after it became known that the representatives of the Troika will be returning to Athens in order to complete the assessment of […]
Effective VAT Rates
Dear Associates, We would like to provide you with the organized information as to the applicable rates of Value Added Tax in Cyprus. Please see all details in the table below: Rates | Applies in relation to | 0% | Exports, commission from abroad for imports/exports to/from Cyprus, international air and sea transportation of persons, […]