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FSMO | cyprus law
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cyprus law

Jul 05 2019

Payment of 1st provisional tax instalment for tax year 2019

We would like to remind you that the deadline for the payment of the first provisional tax instalment for tax year 2019 is the 31st of July 2019.   Provisional tax payment obligation The following persons should consider whether a provisional tax payment would arise based on their expected annual taxable income: Individuals with taxable income other than salaries, pensions, dividends and interest, and Companies with taxable income.   Payment of provisional tax The provisional tax is calculated by applying the relevant tax rates (depending whether the taxpayer is an individual or a company) on the expected taxable...

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May 17 2019

Payment of the 2019 Annual Levy (€350) by Cyprus registered companies

According to the Companies Law, all Cyprus registered companies irrespective of their year of registration are required to pay the Annual Levy of €350 to the Registrar of Companies by 30 June of each year.   The Annual Levy for 2019 is payable by 30 June 2019.   The Annual Levy increases as follows if not paid by the due date: From 1 July 2019 – 31 August 2019: €385 From 1 September onwards: €490   It is worth noting that, For group of companies, the total annual levy payable is limited to €20.000 per annum. Companies that do not...

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Apr 12 2019

Cyprus Company Formation

Cyprus is one of the most popular locations in Europe for starting a business and to Register a Company. The Island is an attractive destination and offers a lot of advantages for investors. Please refer to the link for more information about Cyprus and it’s benefits for local and international investors.   Registering a company is a process that requires knowledge and expertise of certain legal rules and regulations.   The investors has the option of using one of the following legal entities: a limited liability Company a partnership a branch of a foreign Company   A Cyprus company...

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Feb 18 2019

Αλλαγές στη Νομοθεσία περί Εταιριών

Το Τμήμα Εφόρου Εταιρειών και Επίσημου Παραλήπτη ανακοινώνει ότι, στις 18.12.2018 δημοσιεύτηκαν στην Επίσημη Εφημερίδα της Δημοκρατίας οι ακόλουθοι τροποποιητικοί νόμοι και κανονισμοί: -Ο περί Εταιρειών (Τροποποιητικός) (Αρ. 3) Νόμος του 2018, -Ο περί Ομορρύθμων και Ετερορρύθμων Συνεταιρισμών και Εμπορικών Επωνυμιών (Τροποποιητικός) Νόμος του 2018 -Οι περί Εταιρειών (Τροποποιητικοί) Κανονισμοί του 2018 -Οι περί Εταιρειών (Τέλη και Δικαιώματα) (Τροποποιητικοί) Κανονισμοί του 2018 -Οι περί Ομορρύθμων και Ετερορρύθμων Συνεταιρισμών και Εμπορικών Επωνυμιών (Τροποποιητικοί) Κανονισμοί του 2018 -Οι περί της Μεταφοράς Εγγεγραμμένου Γραφείου Εταιρειών εντός και εκτός της Δημοκρατίας (Τροποποιητικοί) Κανονισμοί του 2018 -Οι περί Ευρωπαϊκής Δημόσιας Εταιρείας Περιορισμένης...

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