Dec 13, 2018 | News-Events
The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions. The new legislation will introduce economic substance requirements for all companies and limited...
Dec 10, 2018 | News-Events
The Supreme Court of Cyprus has recently upheld a judgement of a District Court by which the latter ordered electronic disclosure of numerous trading accounts of the applicant Mr. Dababou (the “Applicant”), against MetaQuotes Software, the well-known Forex trading...
Nov 6, 2018 | News-Events
The Central Bank of Cyprus on the 2/11/2018 issued a new circular substituting the one of 14/6/2018 setting out a revised definition of shell companies, entering into force immediately. Definition of Shell Companies: The term “shell company/entity” refers to a limited...
Sep 10, 2018 | News-Events
The Cyprus Tax Department issued the tax circular EE25 on the Non Return Capital Contributions. NRCC refers to when a Cyprus company contributes to the net assets of its foreign subsidiary company without the latter issuing new shares. The tax circular is in Greek so...
