fees

Charges to be Introduced for Park and Ride Services

Park and ride services in Cyprus will now charge fees for parking and bus use to cover maintenance costs and support service expansion. The new policy, introduced by Transport Minister Alexis Vafeades, aims to improve public transport and proactively address traffic management while offering users options for peruse payments or monthly charges.

Sweeping Changes in Company Fees: A Future Without Annual Charges

By Demis Papadopoulos

In a groundbreaking decision set to take effect in 2024, the Department of Registrar of Companies will eliminate standard annual fees for all registered companies, as outlined in the Companies (Amendment) Law 2024. This move aims to boost economic growth and streamline corporate financial processes, marking a significant shift in financial obligations for businesses nationwide.