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CIBA promotes, connects and adds value
to companies operating in Cyprus!
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CIBA promotes, connects and adds value
to companies operating in Cyprus!

LATEST NEWS AND ANNOUNCEMENTS REGARDING COVID-19

Rapid Antigen Testing – what changes from 1 August

The Ministry of Health has issued additional information with regards to the changes in the Rapid Antigen Test Process that will be effective as of August 1st here as follows here and unofficially translated: What...
Read More

Epidemiological risk assessment of countries concerning COVID-19, dated 19/07/2021, effective as of 22 July 2021.

Following a decision of the Council of Ministers, on 18 February 2021, regarding the Action Plan for the gradual resumption of flights and the re-opening of airports, the Epidemiological Monitoring Unit of the Ministry of Health...
Read More

Answers to frequently asked questions about the decisions of the Council of Ministers, dated 16 July 2021

The Ministry of Health has issued FAQs here in Greek as regards the decisions announced July 16th as follows (Unofficial Translation): What about organized group camps? Organized summer group camps, regardless of the age of...
Read More

Statement by the Minister of Health Mr. Michalis Hadjipandelas on the decisions of the Council of Ministers to stop the pandemic – effective as of July 20th

The Minister of Health Mr. Michael Hadjipantelas  has announced today here in Greek, a number of measures agreed at the Ministerial Council. These include amongst others: Suspension of camping operations. Ongoing camps must be closed...
Read More

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.

GOVERNMENT USEFUL LINKS

SPOTLIGHT ON

GOVERNMENT USEFUL LINKS

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.

SPONSORS

LATEST NEWS

Rapid Antigen Testing – what changes from 1 August

The Ministry of Health has issued additional information with regards to the changes in the Rapid Antigen Test Process that will be effective as of August 1st here as follows here and unofficially translated: What...
Read More

Epidemiological risk assessment of countries concerning COVID-19, dated 19/07/2021, effective as of 22 July 2021.

Following a decision of the Council of Ministers, on 18 February 2021, regarding the Action Plan for the gradual resumption of flights and the re-opening of airports, the Epidemiological Monitoring Unit of the Ministry of Health...
Read More

Answers to frequently asked questions about the decisions of the Council of Ministers, dated 16 July 2021

The Ministry of Health has issued FAQs here in Greek as regards the decisions announced July 16th as follows (Unofficial Translation): What about organized group camps? Organized summer group camps, regardless of the age of...
Read More

Statement by the Minister of Health Mr. Michalis Hadjipandelas on the decisions of the Council of Ministers to stop the pandemic – effective as of July 20th

The Minister of Health Mr. Michael Hadjipantelas  has announced today here in Greek, a number of measures agreed at the Ministerial Council. These include amongst others: Suspension of camping operations. Ongoing camps must be closed...
Read More

TAKING CARE OF THE INTERNATIONAL BUSINESS COMMUNITY IN CYPRUS