News

The Minister of Health, Dr. George Pamborides, accepted an invitation from the Cyprus International Businesses Association (CIBA) to inform the members regarding the National Healthcare Scheme and the reform thereof. This event took place at the Amathus Hotel in Limassol. In his presentation the Minister gave an overview of the Cyprus National Healthcare Scheme, stating amongst […]

Read MoreCIBA EVENT WITH SPEAKER THE MINISTER OF HEALTH, DR. GEORGE PAMBORIDES

In order to inform the CIBA members and guests, of the main provisions and obligations, arising from the General Data Protection Regulation coming into force in May 2018, as well as to assist and guide them, for the aim of compliance with these regulations, a GDPR workshop was organized. This event was a huge success, highlighting […]

Read MoreGDPR WORKSHOP AT THE FOUR SEASONS HOTEL

Cyprus and Iran signed an Income Tax Treaty, on 4 August 2015, for the avoidance of double taxation and fiscal evasion with respect to taxes on income (the Treaty). The Treaty entered into force on 5 March 2017 and will come into effect on 1 January 2018. With this new Treaty, Cyprus has further expanded […]

Read MoreCYPRUS-IRAN DOUBLE TAX TREATY TO COME INTO EFFECT ON 1 JANUARY 2018 – COURTESY OF EY

Official notice of our 24th Annual General Meeting, is hereby given – which will take place on Friday 1st December, 2017 at 18.00 hrs at the Amathus Beach Hotel in Limassol (closed session for Members only) H.E. The President of the Republic of Cyprus, Mr. Nicos Anasastasiades has accepted our invitation to address the CIBA 2017 Annual […]

Read MoreOFFICIAL NOTICE OF CIBA 2017 AGM

The Cyprus International Businesses Association (CIBA) in collaboration with the Norwegian Business Association Cyprus (NBAC) held an event entitled “Songa Offshore from the ashes to the fire – A Cypriot Energy Service Company Success Story” with guest speaker, Mr. Bjørnar Iversen, the CEO of Songa Offshore SE. Mr. Iversen enlightened the esteemed audience, regarding the financial […]

Read More“SONGA OFFSHORE FROM THE ASHES TO THE FIRE – A CYPRIOT ENERGY SERVICE COMPANY SUCCESS STORY”

CIBA is pleased to announce its support of the Christmas Champagne Gala Dinner & Award Ceremony of the Russian Businesswoman of the year 2017, which is organised by the Cyprus Russia Business Association. This event will be held on Friday 1st December, 2017 at the Four Seasons Hotel in Limassol at 8pm. Follow the link http://www.cyprus-russian.org.cy/awards/ to read more […]

Read MoreCHRISTMAS CHAMPAGNE GALA DINNER & AWARD CEREMONY 1ST DECEMBER 2017 FOUR SEASONS HOTEL

This is to inform you of changes in the legal regulation of foreign investments in Russian companies. The amendments impose additional restrictions on some foreign investors in relation to assets which are considered to be of strategic importance to the Russian Federation. Here below the legal flash report issued by PwC Russia (Russian and English version) […]

Read MoreSIGNIFICANT CHANGES IN THE LEGAL REGULATION OF FOREIGN INVESTMENTS IN RUSSIAN COMPANIES – COURTESY OF PWC

CYPRUS: EXTENSION OF THE PROCEDURE FOR THE SETTLEMENT OF OVERDUE TAX LIABILITIES Further to the EY Tax Alert issued in June 2017, relating to the new law for the settlement of overdue taxes, please be informed that the Cyprus House of Representatives has voted for an amendment to this law (L.4(I)/2017) (“Law”) which effectively provides for an extension […]

Read MoreOCTOBER 2017 – EXTENSION OF PROCEDURE FOR SETTLEMENT OF OVERDUE TAX LIABILITIES – COURTESY OF EY

Fleet Management’s Cyprus 10th Anniversary has take place on Friday 22nd September 2017 in Hilton Park, Nicosia.  An excellent party that warmed hearts and stimulated minds as its senior management team, customers, partners, government and other state officials and representatives from the island’s shipping industry and business community toasted its achievements. The highlight of the […]

Read MoreCIBA MEMBER – FML SHIP MANAGEMENT LTD – CELEBRATES 10 YEARS IN CYPRUS!

VAT Obligations – Company Directors’ Liability: Supreme Court imposing imprisonment for Directors’ VAT criminal liability The Supreme Court, has announced a 4 month custodial sentence for two Directors whose entity failed to settle both accrued and assessed VAT and submit VAT returns. The Court has emphasized that the VAT provisions are of paramount significance for […]

Read MoreVAT OBLIGATIONS: SUPREME COURT IMPOSING IMPRISONMENT FOR DIRECTORS’ VAT CRIMINAL LIABILITY – COURTESY OF EY