Shell Companies per Central Bank of Cyprus

Shell Companies per Central Bank of Cyprus

Shell Companies per Central Bank of Cyprus On the 2nd of November 2018, the Central Bank of Cyprus issued a Circular Letter to its members with reference number BS 6020 addressed to the Money Laundering Compliance Officers or all Credit, Payment and E-Money...
Annual Levy Abolition discussed in parliament

Annual Levy Abolition discussed in parliament

Abolition of Annual Levy The parliamentary committee of Energy, Trade, Industry and Tourism shall meet on Tuesday the 17th of September 2019 to discuss, among others, the abolition of the Annual Levy of Euro 350 applicable to every Cyprus company registered with the...
Cyprus Alternative Financing – Corporate Bonds

Cyprus Alternative Financing – Corporate Bonds

Before relying on anything in this Blog, please read the disclaimer 50% of all Cypriot business loans are non-performing (delayed greater than 90 days) in accordance with the KPMG report. Cypriot SMEs are severely restricted from receiving bank financing. Perhaps...
Cyprus Private Company Limited by Guarantee

Cyprus Private Company Limited by Guarantee

Cyprus Private Company Limited by Guarantee Cyprus Private Company Limited by guarantee is a class of private companies incorporated in accordance with the Cyprus Companies Law, Chapter 113 of the laws of the Republic of Cyprus. It is not frequently, used and many...
Cyprus Private Company Limited by Shares

Cyprus Private Company Limited by Shares

A Cyprus Private Company Limited by shares is a class of private companies incorporated in accordance with the Cyprus Companies Law, Chapter 113 of the laws of the Republic of Cyprus. It is the most frequently used vehicle in Cyprus its numbers, statistics of the...