ArticleCyprus-India Double Taxation Avoidance AgreementOn the 18th November 2016, the Republic of Cyprus and the Republic of India signed a double taxation avoidance agreement in relation to taxation on income.CyprusTaxMichael Kyprianou & Co. LLC
ArticleCyprus-Saudi Arabia: Avoidance Of Double Taxation TreatyOn 5th March 2018 the Official Gazette of the Republic of Cyprus published the Treaty that was signed between the Cyprus Government and the Government of the Kingdom of Saudi Arabia, ...CyprusTaxMichael Kyprianou & Co. LLC
ArticleDouble Taxation Convention Between Cyprus And BarbadosOn 3 May 2017 an Agreement was signed between the Republic of Cyprus and Barbados for the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to taxes on income. CyprusTaxMichael Kyprianou & Co. LLC
ArticleTax NoticeThe Cyprus Tax Department informs that the reporting deadline for CRS Purposes for Financial Institutions is 21st July 2017, rather than 30th June 2017.CyprusTaxMichael Kyprianou & Co. LLC
ArticleThe Law Was Passed For The Implementation Of The American Legal System FATCAThe official Government Gazette published the law: Agreement between the Government of the Republic of Cyprus and the Government of the USA for the improvement in international tax compliance...CyprusTaxMichael Kyprianou & Co. LLC
ArticleThe Law Was Passed For The Implementation Of The American Legal System FatcaaOn 3 February 2017 the official Government Gazette published the law: "Agreement between the Government of the Republic of Cyprus and the Government of the United States of America...CyprusTaxMichael Kyprianou & Co. LLC
ArticleTonia Antoniou, Discusses Why Tax Benefits Offered In Cyprus Are A Competitive Advantage For Any BusinessTonia Antoniou, Discusses Why Tax Benefits Offered In Cyprus Are A Competitive Advantage For Any Business.CyprusTaxMichael Kyprianou & Co. LLC
ArticleEU-New Zealand Collaboration AgreementOn 14 July 2017 the Government Gazette published the Law which approved the partnership agreement on relations and cooperation between the European Union and its member states...WorldwideInternational LawMichael Kyprianou & Co. LLC
ArticleSuspension Of The Application Of The Protocol Which Amends The Agreement For The Avoidance Of Double Taxation Between Cyprus-RussiaOn the 29th of December 2016 the Ministry of Finance announced that an agreement has been reached between Cyprus and Russia for the suspension of the application of the Protocol ...WorldwideTaxMichael Kyprianou & Co. LLC
ArticleThe Conversion Of Agia Sophia Into A MosqueMichael Kyprianou & Co LLC would like to thank Phileleftheros Newspaper and Philenews.com for publishing the articleCyprusMedia, Telecoms, IT, EntertainmentMichael Kyprianou & Co. LLC
ArticleCyprus Securities And Exchange Commission - C178On 20 January 2017, the Cyprus Securities and Exchange Commission ('CySEC') issued Circular 178 referring to Alternative Investment Funds with a Limited Number of Persons ("AIFLNPs") and their managers...CyprusCorporate/Commercial LawMichael Kyprianou & Co. LLC
ArticleCyprus Securities And Exchange Commission (CySEC) – Reporting RequirementsCyprus Investment Firms (CIF) are reminded that one of their first reporting obligations for 2017 is due by January 31st, 2017. Subject to the provisions of section 33(7) of the Investment Services...CyprusCorporate/Commercial LawMichael Kyprianou & Co. LLC
ArticleRegister Of Beneficial Owners: €14 Million In Fines Set For Cancellation – A Flat Penalty Of €250 Under ConsiderationDuring a recent session of the Parliamentary Committee on Trade, a proposal was discussed to cancel fines totalling €14 million that were imposed for delays in submitting Ultimate Beneficial Owner (UBO) information.CyprusCorporate/Commercial LawMichael Kyprianou & Co. LLC
ArticleEleni Drakou's Article On Mutual Wills, Published In Step JournalWe are proud for Eleni Drakou, Partner contributor to the latest issue of the Step Journal. The Step Journal provides news, reviews, opinion and technical analysis on trends and issues, industry debatesCyprusFamily and MatrimonialMichael Kyprianou & Co. LLC
ArticleImpairment Of Funds During The Events Of 2013: Re-Opening Of The Electronic Service For The Participation In The Replenishment Plan Of The National Solidarity Fund For Submission Of Electronic ApplicationsThe Ministry of Finance has extended the submission deadline for the Cyprus National Solidarity Fund Replenishment Scheme (the ‘Scheme'). The new deadline for electronic applications is 25 May 2024. CyprusFinance and BankingMichael Kyprianou & Co. LLC
ArticleStricter Supervision In Relation To The Scheme For Naturalisation Of Investors In Cyprus By ExceptionRecently there were a lot of publications within the European Union expressing concerns about the allegedly very high number of Cypriot passports being given to foreign investors the last few years.CyprusImmigrationMichael Kyprianou & Co. LLC
ArticleMedical Negligence Caselaw ReportAs seen with our previous article on the subject, which can be found here, a court may make a finding of medical negligence in relation to the following...CyprusLitigation, Mediation & ArbitrationMichael Kyprianou & Co. LLC
ArticleSignature Protocol Between Cyprus - San Marino In Tax MattersOn 19 May 2017, a Protocol was signed between the Republic of Cyprus and the Republic of San Marino amending the Convention on the Avoidance of Double Taxation with respect to taxes on income.CyprusTaxMichael Kyprianou & Co. LLC
ArticleCyprus-India Agreement For Commercial ShippingOn July 7, 2017, the Agreement between the Government of the Republic of Cyprus and the Government of the Republic of India on the Merchant Shipping Law of 2017...CyprusTransportMichael Kyprianou & Co. LLC
ArticleEU Anti Money Laundering Authority – FAQs Outline Its Role In Relation To Sanctions ImplementationThe European Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) was established in June 2024. It is an EU agency that will coordinate with national authorities...European UnionGovernment, Public SectorMichael Kyprianou & Co. LLC