Category

News
17
Mar

CYFA Update #10/2022 – Cyprus Tax Reform Consultation

March 17, 2022
In relation to CYFA Announcement #6/2022, the Association would like to inform its Members that following the industry stakeholders meeting held at CCCI offices on the 22nd February 2022, a jointly signed letter has been sent to the Ministry of Finance (dated 10th March 2022). The letter (attached), co-signed by all main stakeholders, including CYFA,...
Read More
12
Mar

CYFA Update #09/2022 – EU Shell Company Directive Proposal

March 12, 2022
Following CYFA Announcement #3/2022 on the subject matter dated 18th February 2022, we would like to inform our members that Association representatives participated in an informal consultation meeting which took place at the Ministry of Finance on Wednesday the 9th March 2022. During the meeting, industry stakeholders consulted with Ministry officials and exchanged views on...
Read More
01
Mar

CYFA Informative Circular #8/2022 – Extension of time for the submission of data of Beneficial Owners in the Beneficial Owners register of companies

March 1, 2022
CYFA would like to inform its members that the Department of Registrar of Companies has announced today, the 1st March, 2022 that the submission period of beneficial owners data is extended to 31.07.2022. Παράταση χρόνου υποβολής των στοιχείων των πραγματικών δικαιούχων στο μητρώο Πραγματικών Δικαιούχων Εταιρειών και άλλων νομικών οντοτήτων Extension of time for the...
Read More
01
Mar

CYFA Informative Circular #7/2022 – Ariadni – New forms for the authentication profile of the legal entities (including bulk authentication)

March 1, 2022
CYFA would like to inform its members that the Department of Registrar of Companies announces that, as of Monday 28.02.2022, Ariadni is implementing the new forms for the authentication profile of the legal entities registered with the Registrar of Companies (i.e. companies, European companies and partnerships). In addition, with the new forms the bulk authentication...
Read More
24
Feb

CYFA #06/2022 – Announcement – Tax Reform

February 24, 2022
CYFA would like to inform its members that the Ministry of Finance is currently examining a possible reform of the Cyprus Tax Regime. According to the Ministry, the need to update the tax system is deemed necessary and is part of the overall efforts to design a new competitive and attractive framework that shall reflect...
Read More
23
Feb

CYFA #05/2022 – Announcement – EBA Remote Customer Onboarding solutions

February 23, 2022
CYFA would like to inform its members that the European Banking Authority (EBA) launched a public consultation on its draft Guidelines on the use of remote customer onboarding solutions. These Guidelines set out a common understanding by competent authorities of the steps financial sector operators should take to ensure safe and effective remote customer onboarding...
Read More
22
Feb

CYFA #04/2022 – Announcement – CYFA holds meeting with CySec Officials

February 22, 2022
CYFA would like to inform its members that as part of the ongoing communication of the Association with the Industry Regulators, an online meeting between CYFA representatives and CySec Officials took place on the 7th February 2022. The main topic of discussion was the new RBSF report that is to be released later this year...
Read More
21
Feb

CYFA #03/2022 – Announcement EU Shell Company Directive Proposal

February 21, 2022
CYFA would like to inform its members that in relation to the draft Council Directive laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU (the Directive), published in December 2021 by the European Commission (EC), the Association has actively engaged in the pro-active informal consultation process initiated...
Read More
19
Feb

CYFA #02/2022 – Announcement – CYFA joins the CBC – Stakeholders Ad-Hoc Working Committee

February 19, 2022
CYFA would like to inform its members that in relation to Central Bank of Cyprus (CBC) initiative to address challenges in the banking sector, the Association has joined the ad-hoc Working Committee established by the CBC. The ad-hoc Committee that comprises of CBC officials, key industry stakeholders and banking officials has been formed with the...
Read More
18
Feb

CYFA #1/2022 – Directives for the Prevention and Suppression of Money Laundering and Terrorist Financing (Beneficial Owners) of 2021 in the English language

February 18, 2022
CYFA would like to inform its members that the Ministry of Energy, Commerce and Industry announces that the Registrar of Companies Directives (R.A.A 112/2021 and R.A.A 317/2021) for the Prevention and Suppression of Money Laundering and Terrorist Financing (Beneficial Owners) of 2021 are also available in the English language, on the website of the Companies Section,...
Read More
1 … 5 6 7