Latest News & Insights

UBO Register-Final solution *New Submission Date*

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...
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Transfer Pricing rules in Cyprus

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...
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Film Scheme in Cyprus

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...
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Implementation of the final solution of the Beneficial Owner Register

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....
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European Union’s updated list of non-cooperative jurisdictions for tax purposes

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...
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Catalysing Tax Reform in the EU:BEFIT, Head office tax and transfer pricing

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...
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Boosting Team Bonding and Spirit Through Hiking: Our Experience at Wealthmore Services Ltd

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...
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DBRS Morningstar Acknowledges Cyprus Government’s Plan for Budget Surpluses

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...
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Cyprus Launches New Immigration Scheme for Non-EU Citizens

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...
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Use of Purpose Trusts in Cyprus

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...
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EU Council revised its list for non-cooperative jurisdictions for tax purposes

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...
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Corporate & Trust Lawyer position

Our firm is seeking to recruit a semi-experienced Corporate / Trust Lawyer, to join our friendly Limassol Corporate practice, where we believe in building and maintaining high valued long term relationships with our clients. The...
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