Cyprus – Double Tax Treaty signed with Luxembourg & Barbados
GRAND DUCHY OF LUXEMBOURG The Double Taxation Avoidance Agreement between the Republic of Cyprus and the Grand Duchy of Luxembourg was signed on 8th of May 2017 in Nicosia. Assuming the ratification process is completed before the end of 2017, the treaty is expected to enter into force and come into effect as from the […]
Completion of the Informative event organization by Nasos A. Kyriakides & Partners LLC
NASOS A. KYRIAKIDES & PARTNERS LLC is delighted to announce that the seminar on “How to keep your business alive” held in Athens on 18th of May 2017 at Royal Olympic Hotel was very successful and constructive. Among other, attendees had the chance to be introduced to the role of Cyprus in the international economic […]
Cyprus Court rejects FBME Bank liquidation
Ιnformative Εvent: How to keep your business alive, 18 May 2017, Athens
Management Accounts For BVI, Belize, Panama and Seychelles Companies
1. BVI Business Companies Section 98 of the BVI Business Companies Act 2004 (BCA) has always provided that a BVI business company must keep records that: • are sufficient to show and explain the company’s transactions; and • will, at any time, enable the financial position of the company to be determined with reasonable accuracy. […]
Obligation of Cyprus resident companies to provide information to Tax Authorities in relation to Deemed Distribution of Dividend by 31st January 2017
Dear clients and associates, In accordance with the provisions of the Special Defense Contribution (SDC) Law, a company must distribute 70% of its accounting profits by the end of the second year following the year of assessment, and where this has not been done it will be deemed to have made this distribution for SDC […]
Cyprus Court to Decide on FBME Liquidation
FBME Liquidation and FBME Claim This article contains details in regards to FBME Liquidation and FBME Claim. On the 21st of December, the final hearing concluded the legal procedure of the application filed to the Nicosia District Court by the Central Bank of Cyprus for the winding up and liquidation of FBME (Cyprus) LTD (hereinafter […]
Benefits of the Double Tax Treaty between Russia and Cyprus fully remain in place.
Cyprus and Russia reached agreement for postponing the implementation of amending Article 13 “Capital Gains” of the Cyprus – Russia double tax treaty. Cyprus and Russia signed a Protocol on 7 October 2010, which amongst others, provided changes in the taxation of capital gains in relation to disposals by a resident of one country of […]
Maintaining a Physical Office and Substance in Cyprus
Time for your company to have real substance – OECD Model Convention & BEPS – Following the OECD’s Action Plan to address Base Erosion and Profit Shifting (“BEPS”) intending to ensure that profits are taxed where the relevant economic activity that generates the said profits takes place, the need for companies to prove real substance […]
Job Position – Bookkeeper for full time
The Law Office of NASOS A. KYRIAKIDES AND PARTNERS LLC wishes to employ a bookkeeper for full time employment 8:00 – 13:00 & 15:00 – 18:00. Job Position-Duties : Bookkeeper • Bank Reconciliation • Debtors/creditor Reconciliation • Transactions postings in Accounting Software (Intelisoft) • Liaise with customers • Prepare/assist in VAT/VIES returns • Excel, Word Requirements: […]