News

19 Mar Cyprus Lifts Annual Levy Burden: A Boost for Local Businesses

Posted at 07:00h in News by Admin

On 21st February 2024, the President of the Republic of Cyprus made a groundbreaking announcement, revealing the Council of Ministers' decision to eliminate the annual levy requirement of EUR 350.00 which previously obligated all companies registered in Cyprus to pay this fee to the Registrar...

12 Mar Extension Granted for Register of Beneficial Owners Update – New Penalties and Refund Information

Posted at 07:00h in News by Admin

The deadline for updating the Register of Beneficial Owners on the enhanced digital platform has been extended to March 31, 2024. Penalties Overview: Upon the expiration of this extended deadline, non-compliant companies and other legal entities will face penalties as outlined in the Prevention and Suppression of...

20 Dec New Framework For Cyprus Citizenship For Highly Skilled Professionals

Posted at 09:34h in News by Admin

On the 30th of November 2023, the House of Representatives approved and passed the amended criteria for the Naturalization of highly skilled employees under the Civil Registry Law. The new law aims to modernize the legislative framework that governs the granting of the citizenship of the Republic...