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Beneficial Owners Details Due by December 31st 2024 We would like to remind you that all entities registered under Companies Law, Cap. 113, including European Companies (SE) and Partnerships, are required to confirm the details of their beneficial owners and senior management officials annually. This confirmation period runs from 1 October to 31 December 2024. […]

After the debate of whether AML regulations can come in conflict with GDPR regulations for EU citizens, the European Court of Justice issued a judgment dated 22/11/2022 that (quoted from the press release) “…the general public’s access to information on beneficial ownership constitutes a serious interference with the fundamental rights to respect for private life

British Virgin Islands: Amendments to the BVI Business Companies Act  number of significant amendments to the BVI Business Companies Act will come into force as of 1st January 2023. These amendments are intended to keep the BVI in compliance with the international standards and best practices. Those affected are urged to review and assess the

Cyprus is one of the EU’s smallest and most isolated countries, but it hasn’t remained untouched. Travel and tourism were abruptly curtailed. In mid-April the Central Bank of Cyprus urged banks to focus on the provision of short-term liquidity facilities for up to 12 months at preferential interest rates. This was designed to help viable

C. COSTA ASSOCIATES AUDITORS LTD – Coronavirus announcement Dear Clients and associates, In view of the current situation created by the spread of the coronavirus (Covid-19) which affects not only us as individuals but the whole world, we are trying to do our part to protect ourselves and those around us. We have taken a

VAT on building land 5% Recently the Cyprus Council of Ministers has come to a decision to provide a VAT refund to individuals who bought land for the construction of their primary residence in Cyprus. The purpose of this VAT refund is to reduce the VAT rate on the acquisition of land from 19% to