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  • Article

    Statement On G7 Agreement On Tax Reform

    The Ministry of Finance acknowledges the recent statement by the leaders of the Group of Seven (G7) nations regarding their position on proposed global tax reform.
    CyprusFinance and Banking
    Areti Charidemou & Associates LLC
    Areti Charidemou & Associates LLC
  • Article

    Supervisory Authority BaFin Warns Against Dubious Providers And Questionable Financial Products

    We are increasingly receiving inquiries from private investors who have made payments via online platforms for the alleged acquisition of crypto currencies or fictitious financial products.
    CyprusFinance and Banking
    Michael Kyprianou & Co. LLC
    Michael Kyprianou & Co. LLC
Article

Supreme Court Of Cyprus Decision On Administrative Recourses Concerning Bank Resolution Measures

Article 146 of the Constitution of the Republic of Cyprus gives the Supreme Constitutional Court (now the Supreme Court of Cyprus) exclusive jurisdiction to adjudicate on any complaint that a decision, act or omission of any organ, authority or person, exercising any executive or administrative authority is contrary to any of the provisions of the Constitution or of any law or is made in excess or in abuse of powers vested in such organ or authority or person.
CyprusFinance and Banking
Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
  • Article

    Cyprus Extends Debt Restructuring Tax Relief Provisions Through 2025

    In a strategic move to support economic stability and assist businesses in financial restructuring, Cyprus has extended its debt restructuring tax relief provisions until December 31, 2025.
    CyprusInsolvency/Bankruptcy/Re-Structuring
    S&A
    S&A
  • Article

    Guidance By The Supreme Court Of Cyprus On "Mens Rea" For Bounced Cheques

    In October 2015 the Supreme Court made a remarking judgment which overturned the decision of the First-instance Court in relation to the innocence of two Defendants who had issued bounced cheques...
    CyprusLitigation, Mediation & Arbitration
    Soteris Pittas & Co L.L.C
    Soteris Pittas & Co L.L.C
  • Article

    Automatic Exchange of Financial Information: OECD's CRS Now In Force

    Following Cyprus' accession to OECD's Common Reporting Standard on 29th October 2014, in an attempt to combat tax evasion and promote transparency, the practical implementation of automatic exchange of financial information is now a reality.
    CyprusTax
    Solsidus Law
    Solsidus Law
  • Article

    Tax Incentives For Start-Ups

    The IP box regime's benefits are maximised if a start-up develops its qualifying assets in-house.
    CyprusTax
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Article

    Cyprus Introduces New Payment And Crypto Compliance Laws Aligned With EU Standards

    In a major legislative update, Cyprus has implemented three new financial laws to enhance its digital payment ecosystem and strengthen its compliance with EU regulations.
    CyprusTechnology
    Eurofast
    Eurofast
  • Article

    Brexit - What Does It Mean For Banks And FS In Cyprus?

    The result of UK referendum on its membership of the EU creates significant uncertainty for the Banking and financial services industry.
    European UnionFinance and Banking
    Deloitte Cyprus
    Deloitte Cyprus
  • Article

    New PRIIPs Requirements In 2023

    Many European fund managers have benefited from transition periods since the PRIIPs regulation was first introduced in 2018, but all things come eventually to an end: From 1 January 2023...
    European UnionFinance and Banking
    KPMG in Cyprus
    KPMG in Cyprus
  • Article

    The Fundamental Freedoms Of The European Union

    The Four Fundamental Freedoms of the European Union (EU) are: the free movement of goods, the free movement of capital, the free movement of persons, the freedom of establishment and provide services.
    European UnionImmigration
    A. Karitzis & Associates L.L.C
    A. Karitzis & Associates L.L.C
  • Article

    CySEC Launches Preliminary Application Phase For Crypto-Asset Service Providers Under MiCA

    On 13 November 2024, the Cyprus Securities and Exchange Commission (CySEC) announced the commencement of a preliminary phase for accepting applications and notifications from entities...
    European UnionTechnology
    Harneys
    Harneys
  • Article

    Reduction Of Non-Performing Loans In The Cyprus Banking Sector - August 2018

    On 9 August the CBC published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 30 April 2018, showing aggregate NPFs and related indicators for the domestic...
    CyprusFinance and Banking
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Article

    Reduction Of Non-Performing Loans In The Cyprus Banking Sector - November 2018

    Since the end of 2014, banks have succeeded in reducing aggregate non-performing debt by almost 40 percent, from €27,328 million to €16,610 million.
    CyprusFinance and Banking
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Article

    Cyprus - Egypt Sign New Double Tax Treaty

    The Cyprus Ministry of Finance (the Cyprus MOF) has announced that Cyprus and the Arab Republic of Egypt signed a new double tax treaty (the new DTT) on 8 October 2019.
    CyprusTax
    PwC Cyprus
    PwC Cyprus
  • Video

    Hidden Cyprus Company Bank Account Secrets Finally Revealed Today (Video)

    Hidden Cyprus Company Bank Account Secrets Finally Revealed Today.
    CyprusCorporate/Commercial Law
    CYAUSE Audit Services Ltd
    CYAUSE Audit Services Ltd
  • Article

    Corporate Financing Using Cyprus Redeemable Preference Shares

    Redeemable preference shares (RPS) under Cyprus law facilitate financing in private equity and other corporate transactions.
    CyprusCorporate/Commercial Law
    Antoniou McCollum & Co.
    Antoniou McCollum & Co.
  • Article

    Cyprus Profile – Growth Opportunities In 2020

    Managing Partner, Elias Neocleous, was recently asked to join Cyprus business leaders in attempting to predict what 2020 will hold for their business sector and for Cyprus as a whole.
    CyprusCorporate/Commercial Law
    Elias Neocleous & Co LLC
    Elias Neocleous & Co LLC
  • Article

    Household And Business Debt

    Over the same period, the debt ratio for non-financial corporations stands at 150% of GDP.
    CyprusCorporate/Commercial Law
    KPMG in Cyprus
    KPMG in Cyprus
  • Article

    Amendment Of The Finance Leasing Law

    On 05/06/2020, the Parliament adopted the amendment of the Finance Leasing Law of 2016 (72(I)/2016) (the "Law") with 29 votes in favor, 14 against and 2 abstentions.
    CyprusFinance and Banking
    Harris Kyriakides
    Harris Kyriakides
  • Showing 221–240 of 836 results

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