News & Views

Corporate Limassol Marathon – Saturday 23rd March 2018 – 9am Molos

CIBA will once again be participating in the PrimeTel 5km Corporate Race. Companies are invited to be a part of the CIBA TEAM for this exciting running event, which is held in Cyprus at the OPA Limassol Marathon GSO on Saturday 23rd March 2018 at 9.00am. Your free REGISTRATION INCLUDES: ▪ Up to 60 runners […]

ANNOUNCEMENT – Welcome new General Secretary of CIBA – Mr. Andreas Pishias

The Cyprus International Business Association (CIBA) would like to announce the recruitment of Mr.  Andreas Pishias as its General Secretary, as of 18th February 2019. Mr. Pishias, has extensive multi-country experience having worked with international research agencies as well as major multinationals both in Europe and the Middle East throughout his professional 20-year career.  He […]

CIBA New Members 2018

NEW MEMBERS 2018 ACTIVITY WEBSITE WISE WOLVES CAPITAL (EU) LTD. Fiduciary / Brokerage / Payments www.wise-wolves.com RARETRAIL HOLDING LIMITED Financial Services www.raretrail.com FINECISION ART LTD. Collectors and restorations of art  N/A EXNESS (CY) LTD. Investment Firm www.exness.com SYMEOU & KONNARIS LLC Law Firm www.sklaw.com FIBO GROUP HOLDINGS LTD. Investment Firm www.fibogroup.eu OIKOS GROUP Property Developers […]

VAT treatment for leasing of immovable property – Courtesy of Areti Charidemou & Associates LLC

On 27/12/2018, the Cyprus Tax Authorities published a circular which come into force on 1 January 2019 and relates to VAT treatment on the ‘’effective transfer of the right to use’’ an immovable property. The long-term leasing of immovable property, for which the right to dispose the immovable property as owner or dispose the immovable […]

Shadow Carbon Pricing Methodology – Technical note by EBRD

The  European Bank for Reconstruction and Development has recently published a technical note describing the economic assessment methodology of EBRD projects with high greenhouse gas emissions, which can be accessed on the EBRD website at https://www.ebrd.com/news/publications/institutional-documents/methodology-for-the-economic-assessment-of-ebrd-projects-with-high-greenhouse-gasemissions.html. Click here to read the technical note:  EBRD-Carbon-Pricing-Methodology The technical note is a staff working document subject to revision […]

VAT treatment for leasing of immovable property – Courtesy of Areti Charidemou & Associates LLC

On 27/12/2018, the Cyprus Tax Authorities published a circular which come into force on 1 January 2019 and relates to VAT treatment on the ‘’effective transfer of the right to use’’ an immovable property. The long-term leasing of immovable property, for which the right to dispose the immovable property as owner or dispose the immovable […]

CIBA 2018 ANNUAL GENERAL MEETING

The Cyprus International Businesses Association, celebrated its 25th Annual General Meeting at the Amathus Hotel in Limassol, with exclusive sponsor ASTROBANK.  Present at the AGM was the Chairman of ASTROBANK, Mr. Shadi A. Karam, who gave a brief welcome. The President of the Association, Mrs. Doxia Nikia Hadjivassiliou, gave her address to distinguished guests and […]

Modification of the “model” in the services sector through controversial practices and misinterpretations (see “Shell Company”).

GREEK VERSION For decades, an utterly Cypriot phenomenon is to advertise Cyprus as an International Business Center and to demand the strengthening of the services sector which is proven to account for 40% of the country’s GDP. On the other hand, within a few months, and by means of misinterpretations, there have been arguments that […]

Deloitte Academy workshop – “Tax Updates 2018: An eye on what really matters”.

November 27 @ 1:30 pm – 5:00 pm. AJAX Hotel, Georgiou Neophytou Street Mesa Geitonia, Limassol, Cyprus. The Deloitte 2018 Direct Tax update is ideal for individuals that would like to get-up-to speed with the latest tax developments both locally and internationally. Don’t miss the opportunity to listen to Pieris Markou (our Tax and Legal Services Leader) and Michael-Aris Michaelides (Director in the Deloitte Tax and Legal Services Department) sharing their understanding of the most significant tax law amendments that took place during 2018. More specifically the event will cover and outline the changes in the Tax laws during the…