Nicosia Number One PUBLISHED ON 21/02/2020 Nicosia, the capital of the Republic of Cyprus, has been ranked Number One of small cities for Human Capital and Lifestyle 2020/2021 by Financial Times – fDi Intelligence. Read more
Cyprus Ratifies MLI PUBLISHED ON 29/01/2020 Cyprus: Companies Need Sufficient Substance to Avoid Cross-Border Tax Issues As from 1 January 2021, Cyprus will apply the “Principal Purpose Rule” (PPT) and the “Limitation of Benefit Clause (LoB; simplified or detailed) in respect of tax treatment of related to cross-border profit transfers. In short; if a Cyprus company’s principle (or main) purpose is […] Read more
SPACs Hit Record in 2019 PUBLISHED ON 14/01/2020 Special Purpose Acquisition Companies (SPACs) aren’t new, but they are coming back in a big way. SPACs offer an alternative to a traditional Initial Public Offering (IPO). Instead of being underwritten by a major investment bank, a SPAC allows a company to go public by using an already listed SPAC and a reverse merger. Read more
PRESS RELEASE +++ UAE MoF begins receiving CbCR notifications PUBLISHED ON 12/12/2019 The Ministry of Finance (MoF) announced that it has started to receive CbCR notifications, through the CbCR notification system. This is in accordance with Cabinet Resolution No. 32 of 2019 regarding Country-by-Country Reporting (CbCR) in the United Arab Emirates. Read more
Setting up Your Business in Cyprus PUBLISHED ON 05/11/2019 Are you aware of the advantages of setting up your business in Cyprus? Planning to set up your business in Cyprus? Read about all necessary details and how we can support you. Read more
Liechtenstein Parliament Approves Blockchain Act PUBLISHED ON 04/10/2019 Following the second and final reading yesterday (3 October 2019), the Parliament of Liechtenstein unanimously passed the new Blockchain Act (“Token and TT Service Provider Act”), which will be in force from 1 January 2020. Read more