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The European Securities and Markets Authority (ESMA) has published on the 9th of January 2019 its advice on Initial Coin Offerings ("ICO") and Crypto- Assets...

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...

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.

On 11 January 2019 the Central Bank of Cyprus (CBC) published on its website its latest monthly analysis of data on non-performing loans in the Cyprus banking sector ...

Hidden Cyprus Company Bank Account Secrets Finally Revealed Today.

The current debate regarding new legislation to streamline the procedure for the forced sale of mortgaged property illustrates the role of the courts in reviewing proposed legislation.

The European Court of Justice (ECJ) is currently reviewing Malta's Citizenship by Investment (CBI) program—a case that could have profound implications for Cyprus.

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.

On 8 June 2022, amendments to the Special Contribution for the Defence Law were published in the Cyprus Government Gazette ("Law amendments") amending the range of taxpayers eligible for 3% taxation...

The Ministry of Finance and the Central Bank of Cyprus announced on 30 July 2013 that the Bank of Cyprus has been fully recapitalised by the overall conversion of 47,5% of uninsured deposits into shares in the bank, thus putting an end to a period of uncertainty.

A bitcoin is digital crypto currency, which means it is entirely controlled and stored on computers spread across the internet.

On 2 May 2025, the Central Bank of Cyprus (CBC) announced the adoption of a new Directive (Κ.Δ.Π. 120/2025) focused on preventing money laundering and the financing of terrorism.

The revised definition of shell companies/entities comes in as a great tool to facilitate banks during account opening for international business companies as well as Service Providers offering corporate services in general.

RSM Cyprus together with our Global Network serves clients spanning all revenue categories, from start-ups to multi-billion-dollar entities.

IFRS 16 is expected to have an impact on both the numerator and the denominator of the TCR.

After the application of the EU Alternative Investment Fund Managers Directive 2011/61/EU ("AIFMD"), Cyprus has uniquely managed to combine the benefits of the sound EU