Based on letter received from Hellenic Bank, negative-interest rate policy will be applied to corporate depositors as from 3rd March 2020.
As of January 1, 2019 legislation was passed in Belize that states that Belize International Business Companies (IBCs) shall not acquire, hold, own, or deal in any intellectual Property Assets (IP assets), pursuant to Section 5(4) of the International Business Companies Act, Chapter 270.
Αll 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. All companies to be up to date and in good standing should prepare and file Financial statements until 2019. Companies that were incorporated in the second half of 2019 will prepare financial statements together with 2020.
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