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UK and Brexit: latest news

After lengthy negotiations, the UK and the European Union have finally concluded a treaty that will define their future relationship. The European Council announced the signing of the EU-UK Trade and Cooperation Agreement on December 30, 2020. The UK has started to implement the agreement with the European Union under the 2020 Act, which received […]

Merry Christmas and Happy New Year 2021!

Dear clients and colleagues! Merry Christmas and Happy New Year! Wishing you and your loved ones peace, health, happiness and prosperity this holiday season and in the coming New Year. With the warmest wishes, Your Hadjivangeli & Partners LLC Team

Protection against domestic violence in Cyprus

Protection against domestic violence in Cyprus According to a study by the European Union Agency for Fundamental Rights (FRA), one in three women aged 15 and over have experienced physical or sexual violence in Europe. At the same time, the organization suspects that the data obtained does not reflect the current state of affairs but […]

Classes of shares of a limited liability company in Cyprus

Classes of shares of a limited liability company in Cyprus The differences in the types of the share capital of a limited liability company in Cyprus should be understood: Authorized share capital. Issued or Distributed Share Capital – the total nominal amount actually issued to shareholders at any time. Paid-in share capital – the amount […]

Isle of Man notifies of mandatory electronic VAT filing

Isle of Man notifies of mandatory electronic VAT filing The Isle of Man’s Treasury has issued a notice that electronic VAT returns will be required from 1 April 2021. From April 1, 2021, legal entities and individuals registered as VAT payers will be required to submit VAT returns online and make payments electronically. Three-quarters of […]

Liechtenstein tax treaties with Germany and Switzerland

Liechtenstein tax treaties with Germany and Switzerland The Liechtenstein government approves protocols for tax treaties with Germany and Switzerland. On November 3, 2020, the Liechtenstein government approved for ratification the pending protocols to the 2011 income and capital tax agreement with Germany. This agreement between the states was signed on October 27, 2020. Similar protocols […]

Cyprus abolishes citizenship through investment program

Cyprus abolishes citizenship through investment program Cyprus announced that the controversial passport issuance scheme would soon be canceled following an investigation by Al Jazeera. This investigation showed that high-ranking politicians were ready to issue passports to convicted criminals. The Ministry of the Interior and Finance released a statement on Twitter that the Citizenship by Investment […]

Greece resumes its final beneficiary register

Greece resumes its final beneficiary register Greece announced that the three-month suspension of the UBO register expired on October 1, 2020. Greece previously suspended the UBO registry until June 30, 2020 due to the COVID-19 pandemic. This pause was extended for another three months in order to give individuals and legal entities more time to […]

Cyprus details guide to NID calculation

Cyprus details guide to NID calculation The NID concession was introduced in 2015 to provide tax incentives to companies using equity rather than debt capital to fund their investments. The NID deduction is available for Cyprus tax resident companies and permanent establishments of non-Cyprus tax resident companies that do business here. NID is an annual […]

Benefits of permanent residence in Cyprus

Benefits of permanent residence in Cyprus The Government of Cyprus, in its ongoing efforts to attract foreign investment, has taken a number of measures to enable non-EU citizens to obtain a Cyprus Residence Permit (PRP). A residence permit (permanent residence) is easy to obtain by purchasing real estate. The advantage of permanent residence in Cyprus […]

Cyprus celebrates its Independence Day

Dear Clients! The Hajivangeli team is pleased to inform you that tomorrow, October 1, Cyprus celebrates its Independence Day. Accordingly, our office will be closed. Normal operations will resume on Friday 02 October. Kind regards, Hajivangeli Team