The long-awaited Corporate Tax law has been released by the Ministry of Finance vide Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. It is now confirmed that the relevant businesses will become subject to UAE Corporate Tax from the beginning of their first financial year, which starts on or after 01 June 2023.
The Department of Registrar of Cyprus Companies and Intellectual Property announces that, following the Judgement of the Court of Justice of the European Union (CJEE) in joined cases C-37/20 and C-601/20, of November 22, 2022, access to the Register of Beneficial Owners for the general public is suspended as of the 23rd of November 2022. This is very important because the identity and name of the ultimate owners is protected and may remain confidential.
The Cyprus Registrar of Companies announces that it intends to proceed with the deregistration of companies, in accordance with article 327 (2A) (b) of the Companies Law, Chapter 113.