Limassol-based rating agency Capital Intelligence this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of the Bank of Cyprus (BoC) to ‘BB’, from ‘BB-‘.

The island’s Finance Ministry on Friday said it will introduce a 15 per cent minimum corporate tax rate on multinational and domestic groups or companies with a combined annual turnover of at least €750 million while examining ways to mitigate any possible adverse impact on the Cypriot economy.

The traditional Small and Medium-sized Enterprise (SME) with semi-skilled personnel and an operating model that can barely serve the company's conservative objectives, is no longer the case in today's Cypriot business market. The ambitious Cypriot SMEs today are leveraging their own unique strengths increasing their share of the pie in the market to 76% of all value1 in Cyprus, recording a 10% growth from 2021, confirming once again their key role and prospects in our economy. Yet, the financing burden to acquire the necessary digital solutions and sustain their competitive and resilient model remains their biggest bet, as competitive pressure keeps on rising.

The obligation for a lawyer to inform other intermediaries is unnecessary and infringes the right to respect for lawyer-client communications

Following the landmark ruling by the Court of Justice of the European Union (CJEU), the Department of Registrar of Companies and IP (DRCIP) of the Republic of Cyprus has issued an announcement on 28 November 2022, stating that the general public’s access to the UBO Register is suspended as of 23 November 2022.

Following the landmark ruling by the Court of Justice of the European Union (CJEU), the Department of Registrar of Companies and IP (DRCIP) of the Republic of Cyprus has issued an announcement on 28 November 2022, stating that the general public’s access to the UBO Register is suspended as of 23 November 2022.

On 22 November 2022 the Court of Justice of the European Union (CJEU) has issued a landmark ruling regarding the implementation of Ultimate Beneficial Ownership (UBO) Registers across the European Union (EU).

On 20th of November 2022, Stelios Americanos & Co LLC attended as a firm the Radisson Blu Larnaca Marathon.

Thinking about relocating your business? Well, Cyprus should be shortlisted! In a vibrant, multicultural society, Cyprus has what it takes to be the investor's next strategic choice and it consists a competitive choice to relocate your business.

Stelios Americanos & Co LLC held a webinar on Relocation to Cyprus & Greece on 16th November 2022.