
Central Bank of Cyprus has prohibited service of shell companies
Being a regulatory authority in the sphere of banking and other financial activity in this jurisdiction, Central Bank of Cyprus has issued the Directive on

Being a regulatory authority in the sphere of banking and other financial activity in this jurisdiction, Central Bank of Cyprus has issued the Directive on

The Central Bank of Cyprus has issued a new Circular Letter dated 2 November 2018 concerning shell companies, also known as “paper companies” or “mailbox

On 14 June 2018 the Central Bank of Cyprus has sent a Circular Letter to all financial institutions of this jurisdiction with requirement to restrict

As is known, the corporate income tax rate in Cyprus is 12.5%. At the same time the law provides a special tax regime for income
The Institute of Certified Public Accountants of Cyprus (ICPAC) has given the following recommendations to Cyprus administrative service providers. Cyprus companies are not recommended (however,