The deadline for payment of the Annual Company Levy for the year 2021 has been extended to 31 March 2022.
On 26 June 2021 the new prudential framework for investment firms in the EU (including for Cyprus Investment Firms (CIFs)) has entered into force. The new framework forms part of the European Union’s (EU’s) action plan for a Capital Markets Union.
The revised submission deadline for DAC6 has been set for 31 January 2022 for the following reportable cross-border arrangements: ...
The IMD World Competitiveness Ranking is a worldwide reference point on the competitiveness of countries measured against a set of factors, including economic performance, Government efficiency, business efficiency, and infrastructure. In the rankings for 2021, Cyprus has positioned 33rd overall, with a notable 13th place in economic performance.
Roundtable with the Government of Cyprus: Foreign Investors Discuss with the Government of Cyprus the Strategy for Attracting Business and Talent to the Island. The strategy presented forms part of the Action Plan for Companies to Operate & Expand their Activities in Cyprus 2022-24, which will come into effect on 1 January 2022.
On 15 October 2021, the Minister of Finance of the Republic of Cyprus, Mr. Konstantinos Petridis, has given a Press Conference which marked the launch of the Action Plan for Attracting Companies to Operate and Expand their Activities in Cyprus.
On 6 August 2021 the Seychelles introduced amendments to the legal framework governing International Business Companies (IBC) with the IBC (Amendment) Act 2021 (Act 32 of 2021).
The Tax Department of the Republic of Cyprus has announced an extension to the imposition of administrative fines for overdue submission of information subject to EU Directive 2018/822 (“known as DAC6”).
