Annual Report Late Submission: Max Fine €150
The Department of Registrar of Companies and Intellectual Property announces that according to the Companies (Amendment) Law of 2024…
Cyprus Tax Residency and Non-Dom for Individuals
As of 2017, an individual is considered a tax resident of Cyprus if they meet either the ‘183-day rule’ or the ’60-day rule’ for the tax year.
Ενημέρωση Μητρώου Πραγματικών Δικαιούχων
Το Τμήμα Εφόρου Εταιρειών και Διανοητικής Ιδιοκτησίας (ΤΕΕΔΙ), σε συνέχεια της ανακοίνωσης του ημερομηνίας 8 Φεβρουαρίου 2024, ενημερώνει ότι:
Reduction of Company Share Capital
Share capital refers to the funds contributed by shareholders to establish or expand a company.
Abolition of the Annual Levy for Cyprus Companies
With a decision dated 21/02/2024, the Council of Ministers abolished the annual company fee of 350 euros as an additional measure to support businesses. This decision will take effect from this year.
Ongoing Obligations of a Cyprus Company
Incorporating a Cyprus company is an easy and relatively swift procedure, but what about the obligations regarding tax and statutory reporting?
Cyprus Trade Names
A Tradename, also known as a Business name, is the designation under which an individual or company conducts its business activities, distinct from the legal entity’s registered name.
Establishing a Business Entity in Cyprus
Cyprus is an EU member state and a common law jurisdiction with a legal system similar to that of the UK. It is located at the eastern end of Europe linking 3 continents, Europe, Africa and Asia and it has a long and strong reputation as an international business center.
Update on the 50% Exemption of Employment Remuneration
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).
Trademark Registration in Cyprus
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.