Month: December 2020

Ultimate Beneficial Owner (UBO) register to be introduced in Cyprus from 2021

Announcement, Companies, Cyprus, Regulation, Transparency / December 23, 2020 December 23, 2020

With the constant strengthening of AML regulation and enhancing transparency around the globe, the Cyprus Council of Ministers on 16/12/2020, have resolved to appoint the Registrar of Companies (RoC) as the competent authority to maintain a centralized register of beneficial owners (“UBO”) of companies and other legal entities; and an intermediate (temporary) platform has been …

Ultimate Beneficial Owner (UBO) register to be introduced in Cyprus from 2021 Read More »

Expatriate tax relief for employment in Cyprus extended

Announcement, Cyprus, Residency, Taxation / December 22, 2020 December 22, 2020

On 15 December 2020, an amending law was published in the Official Gazette of the Republic which relates to Article 8(21) of the Income Tax Law. The purpose of the amendment is to extend the application of the 20% or €8,550 (whichever is the lower) tax exemption for remuneration from employment which is exercised in …

Expatriate tax relief for employment in Cyprus extended Read More »

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