On 6 August 2021 the Seychelles introduced amendments to the legal framework governing International Business Companies (IBC) with the IBC (Amendment) Act 2021 (Act 32 of 2021). This newsletter article summarises a few, noteworthy changes relating to the dissolution of companies, the Register of Directors, accounting records, annual financial summary, additional amendments introduced, and how ServPRO can help you and your Seychellois IBC comply with the revised legislative framework.

The latest results of the annual Times Higher Education (THE) World University Rankings by Subject rank the University of Nicosia (UNIC) among the Top 201-250 universities in the world for Education for 2022, the university has announced.

Cyprus, with typically over 300 sunny days a year, has emerged as a lockdown-breaker for Russians as Moscow embarks on a wide-ranging lockdown.

Cyprus was among nine EU member states that recycled more than half the plastic packaging waste generated in the country, according to the latest Eurostat figures.

The Council of Ministers approved on Wednesday the allocation of approximately €9 million to farmers in order to support them, Agriculture, Rural Development and Environment Minister, Costas Kadis, announced after the Council`s meeting.

The Cabinet today announced the extension of existing COVID preventive measures until November 9 and the initiation of booster shots for people vaccinated with the Johnson and Johnson vaccine.

Approximately one in five (21%) people in Britain have a foreign holiday booked at the moment, easyJet’s ‘Taking The Temperature’ report has revealed.

Citizens have returned to their normal lives and proceed with loans mortgaging properties. Nicosia and Limassol are the two towns that have most mortgages in Cyprus. The capital has the largest number of mortgages but their value is less compared to Limassol.

The promotion of cycling aims to improve the traffic problem, Transport Minister Yiannis Karousos said on Tuesday as he announced that applications for the government’s bicycle purchase subsidy scheme can be submitted as of Monday.

The Cyprus government has issued a decree making it easier for companies to hire political asylum seekers in Cyprus.