The Department of Land and Cadastre of Cyprus is going to upgrade its registers and "tie" each object to the owner by an identification number. The updates are scheduled for 2023.
The Cyprus Ministry of Finance is preparing a comprehensive tax reform, the corporate tax rate will increase from 12.5% to 15%, taking into account the global tax reform of the OECD.
Due to the need to be reflected in the name of the Department (bureau) The Registrar of Companies and the official liquidator of Cyprus of the full range of competencies, the local authorities decided to rename it.
The Montenegrin authorities have published publicly available data on foreigners who received Montenegrin passports for 2020-2021, including under the investment citizenship program.
51 legislative acts - approximately the same number of acts will be proposed for consideration to the Cypriot parliament for the implementation of the "Plan for Recovery, Sustainable Development and Resource Allocation" in Cyprus.
The European Commission has filed lawsuits against the authorities of Cyprus and Malta for violation of the Commonwealth legislation due to the peculiarities of their programs of granting citizenship in exchange for investment - the so-called "golden passports".
The Register of Beneficial Ownership is a database which contains information about the ultimate beneficial owner of a company (a natural person) or a complex corporate structure.
In 2020, the Basel Institute on Governance presented its annual report "Ranking money laundering and terrorist financing risks around the world”. This is the ninth public edition of the Basel AML Index.
In the new ranking of Doing Business Russia rose from 31 to 28 place, entering the TOP 30 and thus getting ahead of France and China. The leading positions are occupied by New Zealand, Singapore and Hong Kong.
