What is the annual return? The Annual Return (also known as form HE32) is a statutory document that Cyprus companies must submit to the Company Registrar each year as provided for in section 118 of the Companies Law. The annual return is like a photograph of the state of affairs of a company which needs […]
Opening a travel agency in Cyprus.
Cyprus is an ideal destination for EU citizens to open a licensed travel agency due to the favourable conditions, low license fee and low cost of living in general. The licensing authority is the Deputy Ministry of Tourism. The prospective applicant must establish a limited liability company and use that to apply for the licences. […]
Ποιο είναι το κόστος εγγραφής και διαχείρισης μίας Κυπριακής εταιρείας;
Κόστος εγγραφής. Το κόστος εγγραφής αλλά και τα έξοδα διαχείρισης μίας Κυπριακής εταιρείας είναι το πρώτο ερώτημα που τίθεται από ενδιαφερόμενους πελάτες. Σε αυτό το άρθρο αναφέρομαι στα βασικά που πρέπει να γνωρίζει κάποιος. Υπάρχουν τέσσερα είδη εξόδων κατά την ίδρυση εταιρείας στην Κύπρο: 1. Η αμοιβή για την εγγραφή και τα τέλη εγγραφής. 2. […]
What are the rights of a shareholder in a private limited company?
Many times I get asked the question, usually from minority shareholders, what are my rights as a shareholder? There is a simple answer and a more complicated one. In this article I will list the basic rights of a shareholder, usually referred to as personal rights, in a private limited company. Right to be on […]
Current developments in the Cyprus Banking sector.
As at July 2019. I am publishing this article as additional guidance to our clients that operate a bank account through a company in Cyprus or wish to open a new one. I have divided my article to two main headings. Opening a bank account with a commercial bank and Opening a bank account with […]