This articles discusses certain matters related to the appointment of directors of Cyprus companies, its general rights and obligations as well as procedure of dismissing Cyprus directors. Additionally, we consider some tax issues, in particular tax consequences when the director is a non-Cyprus resident. How many directors are in Cyprus companies? Cyprus public companies have … Continue reading “Directors under Cyprus Law: things you should know”
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New Gaming Act in Malta entered into force on August 1, 2018
Malta has become a premier and important location for the gaming business. This country offers a perfect ecosystem for gaming industry. On August 1, 2018 the new Gaming Act entered into force. The brand new act replaces the previous Gaming Act having been in force from 1998 which evidently became old-fashioned. Main changes in Gaming … Continue reading “New Gaming Act in Malta entered into force on August 1, 2018”
Company’s financial reporting in Cyprus: what do you need to know?
Cyprus is still considered as a highly attractive European country in terms of the applicable taxes and investment prospects. Cyprian tax rates are some of the lowest as compared to other European countries. However, it is essential to have an attentive approach to book-keeping and to timely submit accounts and declarations in order to successfully … Continue reading “Company’s financial reporting in Cyprus: what do you need to know?”
Legal Alert: New EU General Data Protection Regulation that May Affect You
GDPR has been a hot topic for the past year. On May 25 2018, your business will most likely be affected by the new General Data Protection Regulation (“GDPR”). Despite having been introduced in the European Union, it has an extraterritorial impact and addresses the export of personal data outside the European Union and European … Continue reading “Legal Alert: New EU General Data Protection Regulation that May Affect You”
Non-domicile status in Cyprus
Cyprus introduces new Cyprus resident non-domiciled status, also abbreviated as non-dom. This new highly attractive amendment provides a tax exemption for the personal investment income of non-dom individuals. The non-domiciled status in Cyprus is specifically tailored to attract corporate executives and high-net-worth individuals to reside and invest in Cyprus. Before these amendments came into force, … Continue reading “Non-domicile status in Cyprus”
