Compliance Review- Cyprus Investment Firms Compliance Review- Cyprus Investment Firms Kyriakos Tramountanellis x / Friday, August 12, 2022 0 109 Article rating: No rating Our observations/comments during the review of some of our clients Compliance Reviews taken place in 2022 Read more
New Audit Requirements New Audit Requirements Kyriakos Tramountanellis x / Wednesday, August 10, 2022 0 173 Article rating: No rating Read more
Διευρυνσή πλαισίου για την προσέλκυση εταιρειών στην Κύπρο. Διευρυνσή πλαισίου για την προσέλκυση εταιρειών στην Κύπρο. Kyriakos Tramountanellis x / Friday, August 5, 2022 0 94 Article rating: No rating Με 50 ψήφους ψηφίστικαν τα νέα μέτρα που έχουν ως σκοπό τη προσέλκυση εταιρειών στη Κύπρο. Read more
Introducing ICARA - New Cysec Requirement for Cyprus Investment Firms Introducing ICARA - New Cysec Requirement for Cyprus Investment Firms Kyriakos Tramountanellis x / Friday, August 5, 2022 0 204 Article rating: No rating The Article is written for the Cyprus Invesment Firms, is the Cysec Requirement for the Internal Capital Adequancy Review assesment. Read more
Director Responsibilities & Misconceptions Director Responsibilities & Misconceptions Kyriakos Tramountanellis x / Thursday, August 4, 2022 0 94 Article rating: No rating The article intends to provide knowledge to the average reader in a summarised and simplified manner regarding the Company's Director's responsibilities. 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