Further to the adoption of the EU Merger Directive under the Cypriot legislation which enables company reorganization, having both a local as well as cross – border element, Cyprus has become a popular destination for mergers and acquisition transactions. With the economic crisis, there is a need for tax efficiency.... read more →
Sep
15
Jul
25
Provision of Financial Services in EU Markets using Cyprus as a Base: The Cyprus Investment Firm (CIF) Introduction The Cyprus Investment Firms Law 144 (I)/2007 (“the Law”) provides for the provision of investment services, the exercise of investment activities, the operation of regulated markets and other related matters. Investment services... read more →
Jul
25
Modernisation of cyprus companies law Further to the recent amendments to Companies Law, CAP 113, (“CAP 113”) on 24-07-2009, the main amendments which have been introduced are the following: 1.Definition of “common seal” Article 2 (1) of CAP 113 has been amended to include that a “Common Seal” also includes... read more →
Jul
25
Introduction With the new tax legislation in force as from 1st of January 2003, Cyprus has maintained and enhanced its competitiveness as an international financial center. It has been critically assessed of constituting an attractive location for holding companies from a tax perspective. This is due to the accession of... read more →