The Cyprus Registrar annouced the below related to the BOs registry:
• As from today the officials / partners of a legal entity may submit on the BO register the beneficial owner’s details on behalf of their legal entity
• As from today the submission of the beneficial owner’s details of a partnership is also possible via the creation of a partnership profile in Ariadni
On Friday October 15th the Cyprus Government announced its new Action Plan for attracting new companies for operate or expand their activities in the island. The new strategy is in line with the guidelines European Commission and the Recovery and Resilience Facility and aims to introduce Cyprus as an ideal jurisdiction for High Tec, Research and Development and Shipping investments and also improve its attractiveness in Europe.
The Cyprus Tax Department announced the extension of the deadline for the submission of corporate income tax return for 2019 and the 2019 income tax return filed by individuals preparing audited financial statements
