In order for a Cyprus company to be able to employ third country nationals, such company must be registered as a Foreign Interest Company. Since 1 January 2022 the Business Facilitation Unit (BFU)has been the...Read More
Extension on the deadline for filing the UBO information to the final solution of the Register of Beneficial owners with the Registrar of Companies has been provided. The deadline has been extended to 29.02.2024. It...Read More
On 30 June 2022, the Republic of Cyprus approved the new transfer pricing rules and documentation requirements which are in line with the recommendations of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax...Read More
The government of the Republic of Cyprus has implemented a set of incentives to attract international producers to choose Cyprus as their filming location. These incentives include the option for production companies to receive either...Read More
Based on the announcement issued by the Registrar of Companies on the 10th of November 2023, the Final Solution of the electronic system of the Beneficial Owner Register begins on the 14th of November 2023....Read More
On 17 October 2023, the Council of the European Union (the “Council”) amended the EU list of non-cooperative jurisdictions for tax purposes (the “List”). The Council decided to add Antigua and Barbuda, Belize, and Seychelles...Read More
On September 12th, the European Commission introduced a groundbreaking package of proposals aimed at streamlining taxation rules within the European Union (EU). This comprehensive initiative comprises three key components: Business in Europe: Framework to Income...Read More
At Wealthmore Services Ltd, we understand the importance of team bonding and spirit in the workplace. That’s why we organized a hiking day for our team at Almirolivado/ Amiandos mine trail (Troodos area) on Friday...Read More
Credit rating agency DBRS Morningstar has acknowledged the Cyprus government’s announcement that it aims to achieve budget surpluses in the coming years, despite various risks. The country’s finance minister cited strong economic performance and prudent...Read More
Cyprus has launched a new immigration scheme aimed at attracting non-European Union (EU) citizens to invest in the country’s economy and obtain permanent residency or citizenship. The new scheme, known as the Cyprus Investment Programme...Read More
The Cyprus International Trust is a powerful legal structure that has been used for decades by individuals and businesses to protect their assets, manage their wealth, and plan their estates. However, what many people do...Read More
The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 14 February 2023 and now consists of 16 jurisdictions which in addition to Russia, the BVI, Costa Rica and the Marshal Islands...Read More
