ArticleBusiness And Investment Opportunities in Cyprus - 11. Residence And Work PermitsCyprusWealth ManagementElias Neocleous & Co LLC
ArticleCountry-By-Country Reporting Under Base Erosion And Profit Shifting Action 13Cyprus signed the Organisation for Economic Co-operation and Development's Multilateral Competent Authority Agreement for the Automatic Exchange of Country-by Country Reports...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleCyprus Chapter Of The Merger Control ReviewIn Cyprus, mergers and acquisitions are regulated by the Control of Concentrations between Undertakings Laws 1999 to 2000.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleCyprus In Top 25% Of Economies For Ease Of Doing BusinessDoing Business 2010 is the seventh in a series of annual reports produced by the World Bank presenting objective indicators on business regulations and the protection of property rights that can be compared across 183 economies, from Afghanistan to Zimbabwe, on a consistent basis over time. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleDeferral Of Requirement For Security Awareness CertificationWhere a seafarer has not received a security awareness certification, compliance with Section 13 of the International Ship and Port Facility Security Code is acceptable.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleDepartment Of Merchant Shipping Issues Lists Of Countries Whose Ships Are Subject To Tonnage Tax Surcharge For 2014The Department of Merchant Shipping has determined that the flags listed below are included in the relevant Grey or Black List for the purposes of calculating tonnage tax for 2014.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleEU Commission Approves Cyprus Bank Liquidity SchemeThe European Commission has approved the Cyprus government’s plan to use special government bonds to reinforce stability in financial markets and mitigate the effects of the current financial downturn under EC Treaty state aid rules. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleExtension Of Accelerated Writing-Down Allowances For Tax PurposesThe Income Tax Law was amended in 2012 to introduce accelerated capital allowances for tax purposes on assets purchased between 2012 and 2014, inclusive. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleExtension Of Tax Exemptions For Loan RestructuringIn December 2015 the Cyprus tax laws were amended to temporarily exempt loan restructurings from tax in order to facilitate and encourage the restructuring of non-performing loans. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleExtension Of Time For Alternative Investment Funds With A Limited Number Of Investors To Deliver Compliance ReportsLaw 89(I) of 2015, which made a number of amendments to the Companies Law aimed at streamlining registration procedures and improving companies' compliance with their reporting obligations...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleExtension Of Time For Alternative Investment Funds With A Limited Number Of Persons To Deliver Compliance ReportsArticle 116(2) of the AIF Law requires AIFLNPs to prepare an annual report, audited by an independent auditor, confirming their compliance with Article 114 of the AIF Law...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleGuidance Ahead Of Entry Into Force Of Ballast Water ConventionThe Department of Merchant Shipping recently issued guidance to owners, charterers and managers of Cyprus ships regarding the entry into force of the International Convention for the Control and Management of Ships'...CyprusWealth ManagementElias Neocleous & Co LLC
ArticleMaria Kyriacou Interview With InBusinessNewsNews website InBusinessNews, operated by IMH, the leading business information service in Cyprus, currently features a wide-ranging interview with Maria Kyriacou, head of our firm's Nicosia office. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleNegotiations In Progress For Double Tax Agreement With BarbadosThe Barbados Government Information Service has announced that negotiations are in progress for a double tax agreement between Cyprus and Barbados, as well as for cooperation in other areas, such as tourism. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleNew Law For Regulation Of Fiduciary Service ProvidersThe Third EU anti-money laundering Directive extends Member States’ anti-money laundering and antiterrorist financing obligations to cover life insurance intermediaries and trust and company service providers. CyprusWealth ManagementElias Neocleous & Co LLC
ArticleNew Procedure For Announcing International Sanctions Against States, Individuals Or EntitiesThe Department of Merchant Shipping ("DMS") has adopted a new procedure for informing interested parties of United Nations economic sanctions and European Union restrictive measures in the field of merchant shipping.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleNotional Interest Deduction Rates For New Capital To Finance Assets In Russia RevisedThe Tax Department recently revised reference rates used to calculate the notional interest deduction under Article 9B of the Income Tax Law for new capital used to finance assets employed in Russia.CyprusWealth ManagementElias Neocleous & Co LLC
ArticleOil And Gas: Developments And ProspectsOn 28 May Andreas Neocleous & Co LLC presented a conference on Oil and Gas: Developments and Prospects.CyprusWealth ManagementElias Neocleous & Co LLC
ArticlePillar III Disclosure In Accordance With Part Eight Of Regulation (EU) 575/2013The Cyprus Securities and Exchange Commission (CySEC) has issued a circular to Cyprus Investment Firms reminding them of their obligations regarding Pillar III disclosures under Regulation (EU) 575/2013.CyprusWealth ManagementElias Neocleous & Co LLC