Articles in English
On 30 June 2022, the Cyprus Parliament voted for the introduction of transfer pricing documentation requirements for Cyprus tax resident persons and permanent establishments of non-Cyprus tax resident persons, applicable as from 1 January 2022. The arm's length principle is at the heart of Transfer Pricing, pursuing the fair and proportional attribution of profits between related parties for tax purposes. The arm’s length principle provides that transactions between related parties should be carried out at no different terms and conditions…
At the time of writing (14 March 2022), it is difficult to make predictions for Cyprus in 2022. This is due to the fact that it is impossible to forecast how long the military phase of action in Ukraine will last, and what type of solution one can expect. For 2022, however, it is likely that no matter what occurs (assuming this does not involve escalation into a regional conflict between NATO and Russia), the impact on Cyprus will be…
After two years of COVID, analysts and government officials in Cyprus were looking forward to a resumption of growth in 2022. Early bookings and flight schedules from a range of source markets pointed to a massive increase in tourism arrivals in 2022, possibly approaching the historic highs of 2019. Despite the pressures of higher inflation due to higher energy costs and the container “squeeze”, it was believed that if the Omicron strain of COVID would only die down, Cyprus would…
From 2015 I have been blogging and reporting on Cypriot Startups, technology and innovation. I used to run the independent media DisruptCyprus, where we dealt with news and stories of innovation, start-ups, technology and inventions based in Cyprus and or created by Cypriots worldwide. We managed to grow a social media community of 15,000+ people organically, I covered 300+ events in Cyprus and abroad and we organised lots of innovative tech events. Through our interaction with a lot of people…
RCB Bank Ltd has taken a decision to transform the Bank into a regulated asset management company, shifting away from banking operations, which will be phased out. The announcement was published on the website of the Bank on the 24th of March 2022. The full text: Although RCB has been, and remains abundant in liquidity and capital, the on-going and extremely volatile geopolitical situation requires it to transform and adopt a new strategy - phasing out banking operations, while at…
Live Case Project for Top Kinisis by CIIM Students.  As Director of the CIIM MSc Business Management programme, I run every year an elective course called Corporate Live Case Project as part of our ‘Learning by Doing’ teaching philosophy. Even before the Covid-19 global pandemic, the rise in experiential learning has been a significant trend at the leading business schools worldwide. Prominent educators such as Dr Johan Roos, the Chief Strategy Officer at Hult International Business School, previously President of…
Corporate and litigation offices G. Kouzalis LLC are based in Paralimni. In the interview with the Successful Business the CEO of the firm Mr Kouzalis releases the firm’s plans for 2022 as well as the establishing of the one-stop boutique firm for the investors. Who is Giovanis Kouzalis? Can you tell us a little bit about yourself? I am the son of one of the first developers in Paralimni, Cyprus, following the invasion of Famagusta in 1974, and my Family…

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