Economic and corporate insights

Cyprus Investment Firms (CIFs)

3 August 2022
With a continuous upgrade of its legislative and regulatory regime, Cyprus has evolved into an ideal destination to conduct business. 

CySEC reporting obligations - New Deadlines

20 April 2022
CySEC granted an extension to several annual reporting obligations of CIFs. The new deadlines apply only to certain reports. 

One step before the end of Treaty Shopping

30 March 2022
The adoption of the multilateral instrument (MLI) as part of the OECD's BEPS project by many jurisdictions worldwide forces them to put measures to prevent the misuse of their existing bilateral tax treaties.

Social Insurance | Regulation Amendments and Commencement of “Ergani”

13 September 2021
The Social Insurance Services announce that from September 13, 2021, new submission dates will apply to employers.  Also, it announces the commencement of the operation of the information system "Ergani".   

Companies are required to accept payments via cards

18 June 2021
Companies operating in the service sector and retail trade are obliged to accept payments via cards and inform consumers in a transparent manner.

Reminder | Annual company levy 2021 and Settlement of Special Contribution for Defence on rents

15 June 2021
All Cyprus registered companies are subject to a €350 Annual Company Levy. The last date of the payment for 2021 is the 30th of June, 2021.  

Companies Central Beneficial Owner Register / Κεντρικό Μητρώο Πραγματικών Δικαιούχων Εταιρειών

1 April 2021
The Registrar of Companies announced that the Companies Central BO Register has been launched.

New decisions on support measures to address the effects of Covid-19 / Νέες αποφάσεις για τα μέτρα στήριξης για αντιμετώπιση των επιπτώσεων του Covid-19

2 June 2020
New decisions have been issued  on support to the effects of Covid-19 For more information, follow the link   Έχουν εκδοθεί νέες αποφάσεις για τη στήριξη των επιπτώσεων του Covid-19

New decisions on support measures to address the effects of Covid-19 / Νέες αποφάσεις για τα μέτρα στήριξης για αντιμετώπιση των επιπτώσεων του Covid-19

5 May 2020
New decisions have been issued  on support to the effects of Covid-19 For more information, follow the link   Έχουν εκδοθεί νέες αποφάσεις για τη στήριξη των επιπτώσεων του Covid-19

Business Restart with Covid-19 / Επανεκκίνηση Επιχειρήσεων με Covid-19

5 May 2020
While businesses prepare to restart their operations under Covid-19, what could be the  best way to mitigate the risks and adverse effects that may occur?

Covid-19: Special Allowances calculations

23 April 2020
For purposes of the best information for the public, we provide the way of calculation of the special allowances which the Republic of Cyprus  provides for the Special Unemployment Allowance, the Special Sick leave Allowance and the Special Child Care Allowance. The information is only available in Greek.  

Newsletter COVID-19

19 March 2020
The Cyprus Government has announced a number of measures, aimed at safeguarding public health and encouraging the business' and employees' economic survival. The document is available only in Greek and can be downloaded here.

Annual Levy / Ετήσιο Τέλος Εταιρειών

12 March 2020
This is to inform you that the deadline for the payment of the special levy of €350 to the Department of the Registrar of Companies for the year 2020, is on 30th June 2020. Companies who do not respect the provisions of the law will be fined with penalties as set below:

Submission of Annual Report

13 November 2019
The announcement refers to the new penalties to be imposed by the Cyprus Registrar for the late submission of the annual report (HE32). The new penalties will come into force on 18/12/2019.

Annual Levy | Ετήσιο Τέλος Εταιρειών

31 May 2019
This is to inform you that the deadline for the payment of the special levy of €350 to the Department of the Registrar of Companies for the year 2019, is on 30th June 2019. Companies who do not respect the provisions of the law will be fined with penalties as set below:

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