On 29 September 2021, ServPRO celebrated its 10 Year Anniversary as a one-stop-shop for Professional Services, including accounting & finance, advisory & consulting, audit & assurance, corporate & legal, substance and taxation.
10 years ago, I embarked on a journey to establish a firm that will operate as a one stop shop for professional services, the quality of which surpasses the boundaries of the local market...
On 16 December 2020 the Council of Ministers has taken the decision (i) to designate the Registrar of Companies and Official Receiver of the Republic of Cyprus as the competent authority for the maintenance...
The starting date for the collection of the relevant information from companies and other legal entities has been revised to start on 22 February 2021. The information collection process will last for a period of 6 months.
The European Commission and the EU Intellectual Property Office (EU IPO) have recently announced the implementation of the Ideas Powered for Business SME Fund, a €20million grant scheme created to encourage European small and medium sized enterprises (SME) to ...
An amending law intended to harmonise the provisions of the Anti-Money Laundering Directive was voted on 18 Feb 2021, to make the implementation of certain provisions of Regulation concerning the mutual recognition of freezing and confiscation orders more effective
The Interim Solution providing for the establishment of an UBO Register for Cypriot entities has launched on 16 March 2021 and is in operation. The obligation to identify and record all relevant information of the beneficial owner(s) who own or control entities burdens all Cypriot entities, including companies incorporated or registered under the Companies Act (Cap.113) and European public limited liability companies. Moreover, the Registrar of Companies has also announced that the final solution will be established following the conclusion of this Interim Solution and the collection of all UBO information.
Cyprus has issued a decision on 24 March 2021 revising the criteria for issuing Immigration Permits to third country nationals-applicants through a fast track procedure for qualifying investments made in Cyprus.
the establishment of a UBO Register for companies in Cyprus as an important tool for strengthening transparency, prevention and combating the use of companies and other legal entities for money laundering and terrorist financing activities, in harmonisation with the provisions of European Union (EU) law.
