On 23 September 2016 the companies law has been amended. The main changes are as follows: The directors report, included in the financial statements, will change to a management report and the law specifies what should be included in that report There is a new definition for small – medium and large companies and also for small – medium and large groups On the calculation […]
According with the latest data from the registrar of companies the registration of new companies in Cyprus on September 2016 increased by 21% (1.129 companies) compared with September 2015 (934). For the 9-month period to September 2016 the registration of Cypriot companies increased by 23,3% compared with the same period of 2015. The total number of Cypriot registered companies is 207.470.