The Companies Act (Cap. 113) in the Republic of Cyprus has recently been further amended to terminate the obligation of companies’ annual levy contribution for the year 2024 onwards. In addition, based on the aforesaid amendment, the annual levy contribution obligation for the years 2011 to 2023 (inclusive) is not affected and continues to burden entities subjected to such contribution.

GZGTeam "going the extra mile" at the Limassol marathon 2024.

MDigi-I Project receives €2.8 million from Cyprus Research and Innovation Foundation (RIF) to drive digitalisation in shipping industry

Global Advocaten is an exclusive network of independent law firms in more than 27 countries. Founded in 1990 as Euro Advocaten, the organization has grown from the original five lawyers to over 1,400 lawyers representing 23 member firms. Firms have exclusivity within the jurisdictions in which they operate, with rare exceptions being made with approval from both the prospective firm and the member firm. Global Advocaten is proud to be ranked in the Chambers Europe 2024 guide.

We, as Patrikios Legal, often leave our achievements within the court rooms, and let instead all 60+ years of our experience, expertise and presence speak for themselves!

A long journey of milestones, difficult moments, and achievements for the country’s largest financial institution was how the Bank of Cyprus described its 125-year history.

The Cyprus Statistical Service (Cystat) has announced the release of its bimonthly bulletin, “Monthly Economic Indicators,” covering the period of January to February 2024.

The Ministry of Energy, Commerce and Industry has announced the second phase of the New Business Activity Support Plan, amounting to €20 million.

Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to utilize it daily. Consequently, this strategic initiative aims to harness the power of GenAI to boost productivity, expedite service delivery, and foster innovation.

Commerce minister Giorgos Papanastasiou and the Republic’s Chief Scientist for Research, Innovation, and Technology, Demetris Skourides, were recently in Japan to promote Cyprus as a base for international business and as an emerging tech centre.