Re-registration in the Cyprus Securities and Exchange Commission’s Public Register of Certified Persons
Persons registered in the Public Register of Certified Persons maintained by the Cyprus Securities and Exchange Commission (CySEC) are required to renew their registration by the end of February each year via the CySEC website by paying the renewal fee of €80 and providing confirmation of having met the prescribed requirements regarding continued professional training. […]
Jurisdiction and recognition and enforcement of judgments in civil and commercial matters
Author: ANDREAS CHRISTOFIDES Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area: LITIGATION AND DISPUTE RESOLUTION
Running for the community
The PrimeTel 5KM Corporate Race has become an established feature of the annual Limassol Marathon event, acting as a platform to support local charities. As part of our firm’s commitment to our local community, a team of 35 of our staff participated in the race this year.
The new Cyprus – Saudi Arabia double tax agreement
On January 3, 2018 Cyprus and Saudi Arabia signed a new double taxation agreement (DTA), the first between the two countries. The new agreement was published in the Cyprus government gazette on March 5, 2018. Like all of Cyprus’s recent DTAs it closely follows the 2014 OECD Model Tax Convention. It also includes a protocol […]
Final date for submission of tax returns by companies
The Cyprus Tax Department of Taxation has issued a reminder on its website that companies and self-employed individuals who are required to submit annual accounts must file their tax returns for the year ended 31 December 2016 no later than 31 March 2018. Taxpayers are urged to do so without delay so as to avoid […]
Department of Merchant Shipping transformed into deputy ministry
Author: COSTAS STAMATIOU Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area: ADMIRALTY AND SHIPPING
New standards for recreational craft and personal watercraft
The Cyprus Department of Merchant Shipping has announced the publication of the Essential Requirements (Recreational Craft and Personal Watercraft) Regulations 2017. The new regulations repeal the earlier version and align Cyprus law with the latest EU directive on the matter. Like the earlier regulations, the new regulations set required standards for design and construction, exhaust […]
Reference rates for notional interest deduction for 2018
Author:PHILIPPOS ARISTOTELOUS Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area:TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING
Extension of transitional provisions of the Auditors Law of 2017
Article 113 of the Auditors Law number 53(I) of 2017 provides a “grandfathering” provision for audit firms registered before 29 June 2008 to re-register under the new law. Such firms were initially required to re-register within 6 months of the law entering into effect, that is, by 2 December 2017. Law 171(I) of 2017 extended […]
Cyprus Securities and Exchange Commission assessment of anti-money laundering procedures
The Cyprus Securities and Exchange Commission (CySEC) has issued a circular notifying entities it regulates of the most common weaknesses, deficiencies and best practice standards identified during its latest round of onsite inspections in relation to the prevention of money laundering and terrorist financing. The inspections found a significant improvement in the internal procedures applied […]
