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Cyprus - Russia DTT Protocol is ratified

The pending Protocol to the Double Taxation Treaty between Cyprus and Russia has been ratified and Cyprus is official confirmed to be removed from the Russia’s ‘black list’. It has been signed by the Russian Duma in February 2012 and by the Russian President Dmitry Medvedev on 2nd March 2012. It is expected to come into force on 1st January 2013.

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Annual fee to the Registrar of Companies

We would like to bring to your attention the provisions of a new law which was recently introduced in Cyprus as a result of which, all companies incorporated in Cyprus must from now on pay an annual fee of €350 to the Registrar of Companies (except in their year of incorporation).