by Salomi Michael | Jun 21, 2023 | Business, World News
Global adoption of cryptocurrencies Digital currencies like bitcoin are gaining increasing popularity worldwide. According to Phillips (2020), bitcoin ranks as the sixth largest currency globally, with the US dollar holding the position as the largest traditional...
by Demetris Nicolaides | May 9, 2023 | Business, World News
The European Parliament has recently approved new regulations on cryptocurrency tracing in the EU to combat money laundering and terrorist financing. These regulations require service providers to register and implement customer due diligence measures for tracing...
by Marios Panayides | Jan 7, 2023 | Business, Social Insurance
For 2023 the insurable amount applicable for social insurance contributions has increased to Euro 60.060 per annum from Euro 58.080 per annum, Euro 5.005 per month from Euro 4.840 per month for monthly paid employees and Euro 1.155 per week from Euro 1.117 per week...
by Stelios Spiliotis | Nov 25, 2022 | Business
In a decision published on 22 November 2022, the Court of Justice of the European Union (CJEU) invalidated a provision of the 5th EU Anti-Money Laundering Directive that guaranteed public access to information on companies’ real owners. The case was sent to the CJEU...
by Stelios Spiliotis | Apr 7, 2022 | Business
On 15 October 2021, the Council of Ministers approved the introduction of the Digital Nomad Visa Scheme in Cyprus with a ceiling of 100 residence permits, targeting to attract businesses and talent from abroad. On 3rd March 2022, the Council of Ministers increased the...
by Demetris Nicolaides | Mar 24, 2022 | Business, Cyprus Company Law, Economy, Social Insurance
On 15 October 2021, the Minister of Finance presented a new integrated strategy for attracting new businesses to Cyprus and encouraging their operations in Cyprus (the “Strategy”) aimed at making Cyprus a Sustainable Business and Commercial Center in the...
