We are pleased to announce that the Cyprus Chamber of Commerce and Industry is once again a proud supporter of the upcoming 20th Cyprus Summit organized by The Economist. This prestigious event will take place in Nicosia on November 21 & 22, 2024, bringing together global leaders, policymakers and industry experts to discuss pressing economic, geopolitical and social issues.

With a focus on innovation, sustainability and regional collaboration, the summit presents a unique opportunity for Cyprus’s business community to engage in high-level discussions, gain insights into emerging global trends and network with international and local decision-makers.

We encourage you to attend in this event to stay informed on the latest developments that could impact your business operations and strategic planning.

The Cyprus Chamber of Commerce and Industry, as a longstanding supporter of the conference, has secured a special participation status for its members. Members who are interested in participating in the conference please contact us via email at andand@ccci.org.cy and /or at 22889860 no later than November 8th, 2024.

PDF Circular – Economist Conference – 20th Annual Cyprus Summit, November 21st & 22nd 2024, Hilton Nicosia

We would like to inform you that the Enterprise Europe Network Cyprus will be participating in a significant panel discussion at the Cyprus Forum 2024, which will take place on 4th of October at 14:00, at the Nicosia Old Town Hall, Cornaro Hall. The event will be accessible both in person and online.

This is an excellent opportunity to learn about the services of the Enterprise Europe Network (EEN) and how it can support you in securing funding, complying with regulations, and networking with international partners.

We invite you to join, share your experiences, and make the most of the available resources.

We would be delighted to have you with us.

Reserve your spot HERE

PDF Circular – CYPRUS FORUM 2024

Φ (47) – Τερματισμός επιβολής μειωμένου συντελεστή ΦΠΑ στις παραδόσεις βασικών ειδών από 1η Οκτωβρίου 2024

PDF – Προϊόντα που περιέχουν Επικίνδυνες Χημικές Ουσίες ΚΧΠ/22

We would like to remind you of the important obligation to confirm the details of your company’s Beneficial Owners (BOs) in the Beneficial Owners Register (BOR). The confirmation process will take place from October 1, 2024, to December 31, 2024, and applies to all companies incorporated or registered under the Companies Law, Cap. 113, as well as to European Public Limited Companies (SEs) and Cooperatives.
Important Points:

1. Financial Penalties: Failure to confirm the BOs’ details within the given timeframe will result in a financial penalty of €200 on the first day, followed by an additional€100 for each subsequent day of delay, with a maximum total penalty of €20,000. This penalty applies to the company and its officers.

2. Annual Confirmation Requirement: Regardless of any changes to the BOs’ details throughout the year, confirmation must be carried out once annually between October 1 and December 31.

3. Instructions for Confirmation: The confirmation process is completed through the BOR system, and the steps are detailed on the Registrar of Companies’ website. You can find more information at: https://www.companies.gov.cy/gr/βάση-πληροφοριών/συνήθεις-ερωτήσεις-πραγματικοί-δικαιούχοι/επιβεβαίωση-στοιχείων-στο-μητρώο-πραγματικών-δικαιούχων.

4. Technical Issues: If you encounter any technical difficulties during submission or confirmation, you may contact the IT and Technical Support Department at the following emails

kpanayi@drcor.meci.gov.cy  

mmenelaou@drcor.meci.gov.cy

aprodromou@drcor.meci.gov.cy

Timely compliance with the legal requirements is essential to avoid penalties. Should you have any further questions, please do not hesitate to contact us.

PDF Circular – Confirmation of beneficial ownership details