On June 30, 2023, an amendment to the income tax law was published in the Government Gazette, specifically addressing the 50% exemption of employment remuneration under Article 8(23A). The amendments are as follows: The requirement for non-tax residency of the individual has been extended from 10 consecutive years to at least 15 consecutive years immediately…
What is a Trademark? A Trademark is type of Intellectual Property Right that consists of a recognisable symbol, logo, name or design used to distinguish a company’s product or services from those of this competitor. It serves as an asset to a business, as it legally protects the company’s reputation and brand image. With a…
In light of the recent Judgement of the Court of Justice of the European Union (CJEE) in joined cases C-37/20 and C-601/20, of November 22, 2022, access to the Register of Beneficial Owners for the general public was suspended as of the 23rd of November 2022. According to the above-mentioned Judgement of the CJEE, Article 1,…
Under Cap. 113, the Registrar of Companies may remove from the Register any company which appears not to be doing business and is not operation. The Registrar of Companies may struck off a company at the request of its Directors, which is delivered to the Registrar of Companies in the specified form and provided that…
In order for a company to be registered, the name under which it is proposed to be registered must have been previously approved by the Registrar of Companies and Official Receiver (hereinafter the “Registrar”) after submitting a relevant application. According to the Companies Law Cap.113 the proposed name to be approved by the Registrar certain…
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