New legislation for SVG forex companies Please note that St. Vincent and the Grenadines Financial Services Authority (SVGFSA) recently adopted a new policy. According to the memorandum published on January 6, 2023 on their official website, the following requirements are introduced: Companies wishing to engage in FOREX business must provide a certified copy of the […]
NEW ADDITIONS TO THE EU LIST OF NON-COOPERATIVE JURISDICTIONS FOR TAX PURPOSES On 14 February 2023 the EU decided to add four more countries to the EU list of non-cooperative jurisdictions for tax purposes. The goal is to promote fair tax competition and deal with harmful tax practices. These countries are: British Virgin Islands, Marshall […]
Tax incentives for highly qualified foreign specialists approved in Cyprus. On July 14 the Cyprus Parliament approved important amendments to the Income Tax Law. They introduced provision of significant tax benefits to highly qualified foreign specialists. In particular, employees who were hired by Cypriot companies from January 1, 2022 will now be exempt from paying […]
All Cyprus companies have an obligation to file to the Registrar of Companies an Annual Return (HE32 form), which must be accompanied by the Financial Statements of the previous year. In this article we will explore the annual returns according to the new legislation. The Annual Returns are always accompanied by the audited financial statements […]
Due to the new Law N149(I)/2018 which will be enforced on 18 December 2019, the following changes of structure of a Cyprus company must be submitted to the Registry within 14 days from the date of the change on the relevant forms(HE2, HE4, HE57, HE12), which will be submitted to the Registry. In the case […]
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