Nicosia – The number of applications for the registration of new companies in Cyprus increased for the fourth consecutive year in 2017, according to the Department of the Registrar of Companies and Official Receiver. Specifically, applications rose by 0.93% in 2017, reaching 13,743 compared to 13,616 in 2016. In 2015, the number of applications reached...Read More

Riyadh – Cyprus and Saudi Arabia have signed an agreement for the avoidance of double taxation with respect to taxes on income and for the prevention of tax evasion. The agreement, which was signed on 3 January 2018 during the official visit of the President of Cyprus to Saudi Arabia, is based on the OECD...Read More

Limassol – Chelco VAT Ltd proudly announces the appointment of its Senior VAT Consultant, Panayiotis Panayi, to the firm’s Board of Directors as of 1 January 2018. Panayiotis is a seasoned professional with over 10 years of experience in VAT advisory and compliance services. An Associate Chartered Accountant (ACA) and a member of the Institute...Read More

Limassol – Chelco Management Services Ltd has made Christmas donations to The Dancing Queen Foundation, the Miranda Fund and the Cyprus Association for Children with Cancer (One Dream, One Wish) to help children in Cyprus in need. The donations were presented last week by the company’s Chairman, Costas Tsielepis, to the founder of the Miranda...Read More