Final approval of the amending legislation from the BVI Government has now been granted with the BVI Business Companies (Amendment) Act, 2015 being Gazetted late on New Year’s Eve. On 5 January 2016 a further notice was issued bringing into force the new provisions relating to the register of directors on 1 April 2016, and […]
Definition The PSC or ‘persons with significant control’ register is a new statutory register which most UK companies and LLPs will be required to keep in order to ensure that the individuals who are its ultimate beneficial owners and controllers are identified and details of their holdings made public. Rationale The Government hopes that the introduction of […]
On Friday 11th of December 2015, Cyprus and Ukraine signed a double taxation avoidance protocol in Kiev. This protocol amends the current double tax avoidance convention that is in place since 1st of January 2014. The said protocol is expected to enter into force no earlier than 1st of January 2019, the date at which […]
Important Changes to the Cyprus Tax System As part of the overall effort to continuously improve and simplify the Cyprus tax system as well as to remain a highly compliant and attractive jurisdiction, various new bills have been passed into new laws by the House of Representatives on 9 July 2015. Furthermore, a number of […]
“Our Group has been cooperating with GCP LAW for 10 years. We would like to point out high professional level of specialists of the firm, deep knowledge of legislation, excellent quality of legal, consulting and accounting services being provided to our group. Particularly, we mark operational availability of the team members, efficient assistance in day-to-day […]
Cyprus has a long history in the financial and corporate services sector. Cyprus has always been regarded as an exceptional setting for incorporating companies not just because of its advantageous tax system and its straightforward legal structure but also because of the island’s outstanding location at the crossroads of three continents, the low operating costs […]
Incorporation in Cyprus The type of company for international trade and investment is a private company limited by shares which is incorporated pursuant to the Companies Law, Cap. 113. There are a number of restrictions on the activities of a private company, and namely companies cannot: – undertake the business of banking, insurance or rendering […]
Citizenship and permanent residence programs Our law firm is established in Nicosia, Cyprus and offers citizenship and residence services to foreign clients ever since 2006. We are well versed on the acquisition of Cyprus passports and residence permits by foreign investors and entrepreneurs. In addition to that, we are able to provide a full range […]
