Cyprus Investment Firms - Class 2 CIFs - Changes on Capital Adequacy Reports Cyprus Investment Firms - Class 2 CIFs - Changes on Capital Adequacy Reports Anonym / Sunday, February 13, 2022 0 49 Article rating: No rating This article should be read in conjunction with the article "Cyprus Investment Firms - Changes to Capital Requirements and Reporting". Read more
Restart the Cyprus economy after Covid-19 crisis Restart the Cyprus economy after Covid-19 crisis CYAUSE Auditors / Wednesday, January 26, 2022 0 54 Article rating: No rating 2021 was yet another challenging year, marked by the effects of the Covid-19 pandemic in both the private and public sector. Read more
Cyprus and Crypto Currencies! Some taxation aspects to consider Cyprus and Crypto Currencies! Some taxation aspects to consider CYAUSE Auditors / Tuesday, January 25, 2022 0 86 Article rating: No rating A cryptocurrency is a tradable digital asset or digital form of money, built on blockchain technology that only exists online. Read more
CySEC - Reporting Deadlines for CIFs CySEC - Reporting Deadlines for CIFs Anonym / Monday, January 17, 2022 0 103 Article rating: No rating CYPRUS SECURITIES AND EXCHANGE COMMISSION Read more
Simple steps for the creation of a Cyprus Company Simple steps for the creation of a Cyprus Company Anonym / Tuesday, January 4, 2022 0 116 Article rating: No rating All Cyprus companies must have the below set up Read more
Clarifications about sanctioned persons and Cyprus response to persons from Russia and Belarus Share Written By CYAUSE LTD Tags Cyprus response sanctionsCyprus sanctionsembarcoFAQsqueriesrussiasanctionssanctionscomplianceukraineukraine and russian 2022-04-19 Just released by our regulator, ICPAK Extract The Institute of Certified Public Accountants of Cyprus with the current Circular presents its members with a number of clarifications on derogations and common questions in relation to the EU Sanctions imposed against Russia and Belarus. The clarifications have been obtained through the Q&A provided by the European Commission as well as responses obtained through the specialized working group established by the government to deal with the coordination and the process of implementation of the financial sanctions. The questions are listed below with the answers as provided by the working group: Q1: Based on European Commission Opinion of 29/8/2019, the provision of services to sanctioned persons/entities could be allowed provided that the service is strictly limited to what is absolutely necessary for the person to continue to exist and strictly limited to essential activities without which the person would not be able to function legally. Could it be inferred that the provision of audit services to sanctioned persons is allowed, especially considering the fact that the Cyprus’s Companies Law does not provide for any exemptions to the statutory audit, requiring that all companies, irrespective of size, undergo a statutory audit? Click the link for the FAQs