LATEST NEWS AND ANNOUNCEMENTS REGARDING COVID-19

Update on Measures as of May 10th, Rapid/PCR Testing, Safepass and available guidelines for Health at the Workplace during COVID-19

n view of questions raised, we would like to detail information on the latest decree, RAPID/PCR testing, the implementation of “SAFEPASS”, and available guidelines for health at the workplace. DECREE The latest decree covering the...
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Latest Announcements on reopening measures

In view of the reopening on May 10th and for the sake of expedience, a number of government announcements need to be brought to your attention: Exemption of employees from the mandatory weekly check with rapid...
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Answers to Frequently Asked Questions about what will change from May 10 as part of the economic and social restart strategy

The Ministry of Health has issued FAQs in Greek here which we have translated (unofficial translation) for your information as follows: (decisions of the Council of Ministers 5 May 2021)  MOVEMENT: During what hours does...
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Statement by the Minister of Health Mr. Konstantinos Ioannou on the decisions for the restart of the Economy and Social Activities

The Minister of Health made  a clarification statement on the measures this afternoon here in Greek, on measures announced yesterday night: What follows is an unofficial translation of the statement: “After evaluating the epidemiological picture and having...
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ABOUT CIBA

The Cyprus International Businesses Association (CIBA) was established on 31 December 1992 as a registered not-for-profit company limited by guarantee.

CIBA came to existence on the initiative of a number of expatriate business executives who had moved their international operations to Cyprus in order to benefit from the island’s strategic location, bridging Europe to Middle East Africa and the Far East, as well as to take advantage of the island’s relaxed atmosphere and Mediterranean climate and its rather simple but competitive and effective tax regime.

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UBO Registry

Beneficial Owners Register of corporate and other legal entities, February 19, 2021

The framework for the prevention of money laundering and terrorist financing activities has been strengthened with the establishment of a Beneficial Owners Register for corporate and other legal entities.

The law for the “Prevention and Suppression of Money Laundering and Terrorist Financing (Amendment) Law of 2021”, was voted yesterday by the House of Representatives.

The Ministry of Energy, Commerce and Industry welcomes the voting of the relevant Amendment Law which harmonizes and strengthens national law with the 5th European Directive (EU 2018/843, 30th May 2018), on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing activities. One of the basic provisions of the Amendment Law regards the establishment, maintenance and operation of a Beneficial Owners Register for corporate and other legal entities, by the Registrar of Companies.

The start date for the collection of the relevant data from companies is set for the 16th March, 2021. Within the next few days, the Registrar of Companies will issue the 1st Directive regarding the maintenance and operation of the Register, as well as a manual for the operation of the interim system solution that has been developed to this end.

It is noted that the Ministry of Energy, Commerce and Industry intends to organise an online seminar to demonstrate the interim solution, for which an announcement will be issued soon.

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LATEST NEWS

Applying OKR Goal Setting Model for SME’s – Increasing Productivity and Competitiveness – 100% Funded for companies by HRDA 🗓

The Cyprus International Businesses Association In its quest to provide high-value educational opportunities for member companies, presents and supports the Training program: “Applying the OKR Goal-Setting Model for SME’s – Increasing Productivity and Competitiveness”. The training seminar...
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Update on Measures as of May 10th, Rapid/PCR Testing, Safepass and available guidelines for Health at the Workplace during COVID-19

n view of questions raised, we would like to detail information on the latest decree, RAPID/PCR testing, the implementation of “SAFEPASS”, and available guidelines for health at the workplace. DECREE The latest decree covering the...
Read More

Latest Announcements on reopening measures

In view of the reopening on May 10th and for the sake of expedience, a number of government announcements need to be brought to your attention: Exemption of employees from the mandatory weekly check with rapid...
Read More

Answers to Frequently Asked Questions about what will change from May 10 as part of the economic and social restart strategy

The Ministry of Health has issued FAQs in Greek here which we have translated (unofficial translation) for your information as follows: (decisions of the Council of Ministers 5 May 2021)  MOVEMENT: During what hours does...
Read More

TAKING CARE OF THE INTERNATIONAL BUSINESS COMMUNITY IN CYPRUS