regulatory changes

Cyprus Business Now: A Sustainable Future and Economic Insights

Recent updates in Cyprus cover a range of economic and regulatory changes. From abolishing annual fees for businesses to introducing a new green tax, the country is striving for a sustainable future. With projections of economic growth and inflation rates, Cyprus is adapting to evolving global trends while focusing on preserving its unique heritage and natural resources.

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.