EU consumer protection rules 14 days return policy
As per DIRECTIVE 2011/83/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 25 October 2011, on consumer rights: EU consumer protection rules ensure that when you buy goods and services in the EU you have clear information on the product or service you’re buying, its price, shipping and delivery costs as well as on […]
Locating company headquarters in Cyprus
Cyprus government approves new tax scheme for foreign workers and companies The Cabinet of Ministers of Cyprus on Tuesday 11 of May approved a new tax incentives scheme aimed at attracting foreign companies and high-quality workers to Cyprus to relocate their headquarters in Cyprus. In statements made after the Cabinet meeting, Finance Minister Constantinos Petrides […]
Cyprus permanent residence by investment
The Department of Population and Migration has proceeded with a revision and subsequent improvement of the criteria for granting an immigration permit to applicants who are third country (Non-EU) nationals and who invest in Cyprus. 1. LEGAL FRAMEWORK 1.1 In accordance with the provisions of Regulation 6(2) of the Foreign and Immigration Regulations, the Minister […]
Notice for the Payment of Levy for 2018 – only for Cyprus Companies
Dear Associates, We would like to bring to your attention that according to the Cyprus Company Law, Cap. 113 all Companies are liable to pay the levy of €350 for the year 2018. Please note that the deadline for the payment is 30/06/2018. If the levy is not paid till 30/06/2018, penalties will be imposed […]
Shell company ban in Latvia. Last-call for restructuring of operations and banking in solid EU jurisdictions
On April 19 the Latvian parliament with majority votes supported a bill banning Latvia’s banks from doing business with shell companies in the first reading. Under the draft law, the shell company is defined as an entity that fits one or several of the following three criteria. Firstly, there is no actual economic activity and […]
Meet us at the VEDOMOSTI LEGAL FORUM in Moscow, 12-13 of April 2018
Nasos A. Kyriakides & Partners LLC is participating at the VEDOMOSTI LEGAL FORUM in Moscow on April 12th and 13th. You can visit our booth No. 1 to discuss the latest legal developments in Cyprus companies, Cyprus banks, Tax issues, Cyprus passport by investment and any other questions that you may have. Furthermore following the […]
FBME Bank Ltd – Cyprus Deadline for the submission of application for the Deposit Guarantee Scheme
Dear Associates, Since 9th of April 2016 the Central Bank of Cyprus (CBC) has activated the Deposit Guarantee Scheme (DGS) compensation for FBME Bank Ltd – Cyprus Branch (FBME) deposit holders. The Deposit Guarantee and Resolution of Credit and Other Institutions Scheme, which has been established by Law (“the DGS”), will pay via the Deposit […]
ABLV – bonds, stocks, ETFs, funds, futures, options.
With regards to the liquidation of Bank ABLV, we have partner European fully regulated broker, that can open accounts for clients from any jurisdiction and provide transfer for any transferable securities (bonds, stocks, ETFs, funds, futures, options) from bank ABLV. • Account opening within 1-2 days in case all necessary documents are provided. • Minimal […]
Tax Certificates for the year 2018
Dear Associates, Company tax returns (form IR4) for all companies must be filed within 15 months from the end of the tax year, which is 31 December, i.e. the tax return for the year 2016 must be filed not later than 31 March 2018. The tax returns must be based on audited financial statements. In […]
ABLV announcement: Our services for reclaim of funds and new bank account opening
Further to the recent announcement of ABLV, in accordance with the Deposit Guarantee Law, there are available for payment up to EURO 100 000 guaranteed deposits to each eligible client from Deposit Guarantee Fund. ABLV has sufficient amounts of liquid assets to ensure repayment of all sums; therefore, the Bank has already transferred more than […]