Financial Statements: All The Basics In 3 MINS!

some truths about Cyprus broker license it takes approximately 12 months to get granted your license running a Cyprus investment firm cost you at least 150 to 200,000...

The Cyprus Ministry of Finance has made known that the double tax agreement with Saudi Arabia, which was signed on 3 January 2018, will enter into force on 1 March 2019.

Cyprus Tax Department announced that all Financial Institutions have been granted an extension to the reporting deadline for FATCA and CRS/DAC2 purposes.

How Are Cryptocurrencies Taxed in Cyprus (up to 2025)?

The credit facility was substantially oversubscribed by a group of 13 leading international banks.

The terminal, which began operations in November 2014, is strategically located, connecting Europe and the Black Sea with markets in the Middle East and Asia.

The President of the Republic of Cyprus announced on 3 April 2015 that the restrictive measures on movement of capital relating to transactions and transfers of funds abroad would be completely abolished...

In August 2009 the Cyprus Stock Exchange announced the abolition of online fees for the provision of information for customers’ orders transactions and balances of trading accounts.

In 2011 the Criminal Code was amended by the addition of a new article 314A, which makes it a criminal offence, punishable by up to 5 years' imprisonment, a fine of up to EUR30,000 or both...

Our Partner Nicolas Tsardellis and associate Aggelos Antonelos, have recently published an article in the Fileleftheros newspaper, on the issue of the corporate directors liability in cases of VAT debts.

Apart from implementation of EU directives, amendments to the Cyprus tax lasw are generally infrequent. This means that taxpayers can undertake transactions ...

The Eurogroup has endorsed the decision by the European Stability Mechanism to release the next tranche of financial assistance to Cyprus.

CySEC has issued a circular inviting entities it regulates to participate in the EBA's survey and data collection in connection with the European Commission's Call for Advice on a new prudential framework for MiFID firms.

"H Foni tis Lemesou", a local news magazine, recently published an article written by Elena Michail, partner and advocate at our Nicosia office, examining the Law on the establishment of the Financial Ombudsman of Cyprus.

"H Foni tis Lemesou" published an article written by Christiana Achilleos examining the legal steps taken by former depositors and bondholders of Laiki Bank.

On 1 March, the European Banking Authority (the ‘EBA') published its final revised Guidelines on Money Laundering (ML) and Terrorist Financing (TF) risk factors.

The December edition of the Great Britain and Cyprus Business Association Gazette contains an article authored by Associates Adonis Zachariou and Theodora Alexandrou.