Fintech is a relatively new concept that encompasses a whole variety of businesses also beneath the broader umbrella of financial services. The term generally incorporates any use of technology to […]
Read moreIR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Panayiotis Damianou of PDAudit. Panayiotis has joined IR as our exclusive Audit & Assurance Services member in Cyprus. PdAudit is a dynamic, fast growing firm of Chartered Accountants that offers a range of services such as audit, tax planning, accounting, business […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Panayiotis Sherepeklis of KPP Corporate Services LTD. Panayiotis has joined IR as our exclusive Corporate Services member in Cyprus. Having worked for more than 8 years in the International Units of 3 of the largest banks in Cyprus, Panayiotis has dealt major […]
CYPRUS FUND REGULATION: Developments in the regulatory framework governing AIFs Amendments to the AIF Law Further to the issuance of the relevant consultation paper on 22 April, 2016 (CP 2016-03) by the Cyprus Securities and Exchange Commission (CySEC) on the proposed amendments inter alia to the applicable law on Alternative Investment Funds (AIFs) and the […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Demetris Demetriades of Andreas Demetriades & Co. Demetris has joined IR as our exclusive Real Estate Member in Cyprus. Demetris is a managing partner and Head of the Immigration and Real Estate Department of Andreas Demetriades & Co. LLC in Cyprus. He […]
The Central Bank of Cyprus on the 14/6/2018 informed all Cyprus Banks that intends to incorporate in the forthcoming revision of the Directive for the Prevention of Money Laundering and Terrorist Financing, issued to Banks, certain requirements for business relationships with the so-called ‘shell companies’. To this effect, the following definition of shell companies will […]
PRESS RELEASE INTAX FORUM UKRAINE 2018 Stelios Americanos & Co LLC, participated at Intax Forum Ukraine 2018 which took place in Kiev, between 21 and 22 May 2018. Intax Forum is a professional platform for coordination between top managers of companies working on global matters and professional advisers and experts, www.intax-group.com. […]
Tax Update Cyprus Tax Department has announced that, as of June 1st 2018, the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website www.jccsmart.com.cy). JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You […]
The power vested in the Cyprus Courts to register and enforce foreign court judgments and arbitral awards is primarily statutory, and is regulated by the different bilateral or unilateral treaties that have been signed and ratified but also statutes that may be ancillary to the enforcement of such treaties. So, the question as to whether […]
THE MAIN PROVISIONS OF THE LEGISLATION WHICH IS UNDER DISCUSSION BEFORE THE HOUSE OF THE REPRESENTATIVES FOR THE LEGALISATION OF THE IMPORTATION AND/OR PRODUCTION AND/OR CULTIVATION OF PHARMACEUTICAL CANNABIS The purpose of the proposed legislation is to amend the Drugs and Psychotropic Substances Act of 1977 to 2016, in order to add additional provisions […]
FBME Bank Ltd: Compensation to Depositors, Deadline until 11th April 2018. The Central Bank of Cyprus has on 9/4/2016, activated the procedure for the payment of compensation amount from the Deposit Guarantee Fund for Banks for deposits held in FBME Bank Ltd – Cyprus branch. Depositors of FBME […]
Cyprus’ strong economic recovery-2018 Outlook Cyprus’ strong economic recovery will continue in 2018 with the GDP expected to be 3.2% (2017: 3.8%) which is well above the European Union average. Inflation forecast shows an increase in 2018 to 1.2% (2017: 0.7%) well within the healthy limits, with unemployment expected to be near the 10% mark […]
