Foreign Interest Company and Fast Track Mechanism On 3rd of September 2020, the Council of Ministers of the Republic of Cyprus approve the creation of the Fast Track Business Activation Mechanism (“FTBA”). This for Foreign Interest Company. The purpose of the enactment of this mechanism. Further, this in conjunction with amendments to the immigration legislation […]
Elevators (Communal Expenses and Non – Payers) Firstly, under The Immovable Property (Tenure, Registration and Valuation) (Amendment) Law of 1993 for elevators – 6(1) of 1993. Also, section 38K (hereinafter referred to as “The law”), common expenses should share between all owners. Further, hence it is an obligation of every owner to participate in the […]
Invest in Cyprus – Why should you? Republic of Cyprus is a strategic position for clients who work in Europe. Further, the Middle East, its excellent climate to invest in Cyprus. Also, well-developed infrastructure. Further, highly skilled workforce are just some of the advantages. Those have made the Republic of Cyprus a major business center. […]
Work In Cyprus – Third Country Nationals Many Foreigners who wish to move to Cyprus wish to know, can Third Country Nationals work in Cyprus? The Labour Department is responsible for applications from Employers. This to employ Third Country Nationals for short term needs (1-2 years). Also, provide that Cypriot or European citizens do not […]
Card Payments and Online Payments – Acceptance is mandatory by the law Under the scope of the Assessment and Collection of Taxes Laws of 1978 to (No 3) of 2021. On 18 June 2021 the new Decree establishing the requirement to accept card payments. Also, in electronic forms has issue (Issue No. 5548). Which businesses […]
Authentications of Public Documents to be used in Cyprus All authentications of public documents issue abroad and which will use in Cyprus, must be duly certify. As per the Law ratifying the Convention on the abolishing the requirement of legalization for Foreign Public Documents of 1972 (Apostille stamp). Hague Convention – Authentications of Public Documents […]
Resealing application – What does means? Firstly, according to the Probates (Resealing application) Law in Cyprus, if a District Probate Registry in a commonwealth country granted a Probate Order. This regarding the assets of the deceased, the Court in Cyprus can re-sealing the same probate order. That regarding the property of the deceased in Cyprus. […]
Investments in Cyprus and Abroad – Tailor Made Solutions Investments in Cyprus is for every ambitious person! Guiding and advising is for us! We have vast experience in many sectors, personalized solutions and opportunities in Cyprus, Greece, UK, Malta, Dubai and other countries. Merging our synergies – Investments in Cyprus It was about time that […]
Extension of Vat Payment Firstly, according to the announcement of the Ministry of Finance dated 22/07/2021. Also, all companies that face liquidity problems due to the Covid-19 pandemic. Further, the extension of VAT payment is extended for another three (3) tax periods. Specifically, the payments that had to be made on 10/05, 10/06 and 10/07 […]
Tax Return of Individuals 2020 – Submission G. KOUZALIS LLC informs you that based on the latest announcement of the Ministry of Finance dated 23/07/2021. Also, the submission of the Tax Return of Individuals for the year 2020 has begun. Pursuant to the Decree of the Council of Ministers (KDP288 / 2021), all Employees, Pensioners […]