On 16 December 2019 the European Commission has approved under EU State aid rules, amongst others, the prolongation of a tonnage tax and seafarer scheme in Cyprus. The Commission assessed the Cyprus tonnage tax scheme under EU State aid rules, in particular its Guidelines on State aid to maritime transport (the “Maritime Guidelines”) and established […]
The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank of Cyprus representatives presented the relevant provisions of the legal and regulatory framework with regard to addressing money laundering and […]
The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank of Cyprus representatives presented the relevant provisions of the legal and regulatory framework with regard to addressing money laundering and […]
Read MoreCIBA/BOC Compliance Event Nicosia 13/12/2019 – with photos
The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank of Cyprus representatives presented the relevant provisions of the legal and regulatory framework with regard to addressing money laundering and […]
Read MoreCIBA/BOC Compliance Event Limassol 11/12/2019 – with photos
The Cyprus International Businesses Association, celebrated its 26th Annual General Meeting at the Parklane Hotel in Limassol, with exclusive sponsor AMDOCS.
Present at the AGM was the Site Manager of Amdocs, Mr. Yiannis Tinis, who gave a brief welcome at the AGM.
In view of the upcoming CIBA 2019 ANNUAL GENERAL MEETING, we are pleased to attach hereto the Financial Statements of our Association, as at 31 December 2018, for your consideration. The FS 2018 have been approved by the Executive Committee. CIBA 2018 FS signed A special thanks to our Auditors PwC who worked hard to […]
Read MoreCIBA Financial Statements of CIBA for the year ended 31 December 2018 – Prepared by PwC
All Cyprus companies have an obligation to file to the Registrar of Companies an Annual Return (HE32), which must be accompanied by the audited financial statements of the previous year. The Annual Returns (HE32) are always accompanied by the audited financial statements of the previous year (e.g. the Annual Return (HE32) for the year 2019 […]
Read MoreAnnual Returns for the year 2019 (HE32) – Courtesy of Areti Charidemou & Associates LLC
We wish to inform you that the Statistics Department of the Central Bank of Cyprus has published the new “Ship Management Report”, which covers the period 1 January 2019 – 30 June 2019. The said report can be downloaded from the official website of the Central Bank of Cyprus using the following link: https://www.centralbank.cy/en/publications/ship-management-survey Should […]
Read MoreBOP “Ship Management Report” – 1 January 2019 – 30 June 2019
The Protocol was agreed in 2015 and was ratified by the Cypriot Government on 11 December 2015. On 30 October 2019, the Ukrainian parliament approved the ratification of the protocol. Thus, the Protocol is now in force and will have effect on 1 January 2020. The main amendments effected by the Protocol to the existing […]
Following recent amendments to the Cyprus Companies Law, Cap. 113 (“the Law”), the Registrar of Companies will impose administrative penalties on certain filings submitted after the prescribed timeframes as provided by the Law. The imposition of the administrative penalties will be effective from 18 December 2019. In relation to annual returns the administrative penalty to […]