Cyprus re-opens applications for Digital Nomads
On 26th of March 2025, the Migration Department of the Deputy Ministry of Migration and International Protection of Cyprus has announced the re-launch the Digital Nomads Visa scheme, under which non-EU or non-EEA nationals are allowed to submit their application provided that they can perform their work remotely using telecommunications technology, to live temporarily in […]
Annual Financial Return (AFR) for BVI Companies
In the British Virgin Islands (BVI), Annual Financial Returns (AFRs) is a regulatory requirement for all BVI companies as part of their ongoing compliance obligations.
Preparation of Financial Statements for the year 2024
All Cyprus companies regardless if they are dormant or not, have an obligation to prepare and file audited Financial Statements to both the Registrar of Companies and the Tax Authorities. Additionally, banks are requesting audited Financial Statements for 2023 and 2024.
Obligation of BVI companies to file registers of members and beneficial ownership
We would like to inform you about the amendments announced by the BVI Financial Services Commission related to all BVI Business Companies and new obligations as of 2nd of January 2025. The recent changes affect the filing obligations of BVI business companies, introducing additional requirements for submitting registers of directors and establishing new obligations for […]
Essential terms of Employment should be registered to ERGANI system
Based on the Decree ΚΔΠ 455/2024, issued by the Minister of Labour & Social Insurance, all employers in Cyprus are obliged to register the essential terms of employment of all their employees to “ERGANI” information system until February 28th, 2025.
Submission of Withholding Taxes & Contributions Declaration (TF 7) for the year 2025
The Cyprus Tax Department has informed that the Withholding Taxes & Contributions Declaration (TD7) for the year 2025 will be prepared and submitted on a monthly basis. For its submission, it is required to complete the Tax Identification Number for all employees.
Farewell
We regret to inform you that our director, Mrs. Phani Schiza-Antoniou passed away yesterday at noon following her courageous and admirable years-long fight against cancer. Her life, achievements, and virtues in all her roles as a wife, daughter, mother, grandmother, sister, friend, mentor and businesswoman, shall be our guiding light and golden standard in the […]
2nd Instalment of Provisional Tax for 2024
We would like to inform you that the deadline for the payment of the 2nd instalment is the 31st of December 2024. However, if the payment will be made before the 31st of January 2025, no interest and penalties will be imposed.
Annual Confirmation of Beneficial Ownership
We would like to remind you of the important obligation to confirm the details of your company’s Beneficial Owners (BOs) in the Beneficial Owners Register (BOR), which must be done once a year. For the current year (2024), the confirmation process will take place from October 1, 2024, to December 31, 2024, and applies to […]
ECONOMIC SUBSTANCE ACT (ESA)
We remind you of the Economic Substance classification deadlines for the period 2023-2024 imposed by the International Tax Authority of the BVI
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