A new strategy aiming to attract foreign businesses to establish and expand their activities in Cyprus through a plan, was presented by the Cypriot Government and will be implemented from January 1, 2022.

The plan targets areas or fields interrelated to, inter alia, High Technology Companies, Innovation Companies, Shipping Companies, Pharmaceutical Companies, Biogenetics and Biotechnology Companies.

This plan aims to make Cyprus a Sustainable Business and Trade Center of the wider area and Europe that will be fully in line with the guidelines of the European Commission and the Recovery and Resilience Facility.

In this context, several incentives were prepared in order to attract foreign Companies to operate and/or relocate their headquarters and/or expand their business activities in Cyprus, which can be summarized as follows:

1. Business Facilitation Unit

A Business Facilitation Unit will be established which will act as the central point of contact for all Companies of international interest, which operate in Cyprus and/or relocate their headquarters and/or expand their business activities in Cyprus in specific areas of economy activity.

1. Company creation (Company registration, name approval, registration in the Social Insurance register, Registration in the VAT register and in the Income Tax)
2. Guidance for relevant permits for activation in Cyprus

• Acceleration in the issuance and renewal of residence and employment permits

2. Revised Policy for the issuance of Temporary Residence and Employment Permits to third country nationals employed in Companies of foreign interests operating in Cyprus

The Government of Cyprus has revised the existing policy for the employment of staff from third-countries who is employed by Companies of foreign interests operating in the Republic of Cyprus and/or Companies of foreign interest which intend to operate and/or relocate their headquarters in Cyprus and/or expand their business activities in Cyprus and have a physical presence in Cyprus including establishment/ operation of independent offices that are separate from any private residence.

Furthermore, the issuance of employment permits is facilitated, and work permits will be issued immediately within 1 month from the submission of the application and will last up to 3 years.

The eligible Companies are the following:

• Cypriot shipping Companies.
• Cypriot high technology / innovation Companies.
• Cypriot pharmaceutical Companies or Companies operating in the fields of biogenetics and biotechnology.

The necessary preconditions for the third country nationals to be employed in Cyprus are the following:

2. Minimum gross monthly salary of €2.500,00.
3. Possession of a university diploma or degree or equivalent qualification or certificate of relevant experience in a corresponding employment position of a 2-year duration and that the employee in question is presented with an employment contract of not less than two years.

The maximum number of third-country nationals that can be employed is set at 70% of the total number of employees of the Company over a period of 5 years.

The Company is also allowed to employ third-country nationals as support staff provided that it does not exceed 30% of the overall support staff. The aforementioned applies if there is a duly validated employment contract between the third country national and the employer in question which is in accordance with current legislation.

In addition, there is the right of family reunification of third country nationals who are part of the Business Facilitation Unit. Through this very Mechanism, the Labor Market will be directly and freely accessible to the Spouses of Employees who have Residency and Work Permits in the Republic. Said access will be limited however, to the Spouses who receive a minimum monthly salary of €2500, while, it does not apply at all to the family of the support staff.

3. Digital Nomad Visa

It should be noted that the Action Plan introduced the initiative of the “Digital Nomad Visa” according to which, Visas are granted to an initial maximum limit of 100 beneficiaries.

The Digital Nomad Visa concerns only residency permits in the Republic of Cyprus and not work permits, for people who live in Cyprus but work in Companies operating abroad.

Beneficiaries of the “Digital Nomad Visa” scheme, will be third-country nationals who are self-employed and/or are employees who work remotely using information and communication technology in order to communicate with their employers and/or clients. Said employers and/or clients must not be residents of the Republic.  The Visa is valid for a period of 12 months, with the right of renewal for another 2 years once said 12-month period has lapsed.

The holders of Digital Nomad Visa can be accompanied by their family members, who are granted, upon their request, a residence permit that expires at the same time as the beneficiaries’ does, but are not granted a work permit.

Moreover, if they have been residents of the Republic of Cyprus for a period of time which in total exceeds 183 days within the same tax year, then they are considered tax residents of Cyprus meaning they are not tax residents in any other Country.

They also have to present evidence which clearly indicate that they have sufficient resources, at a fixed income level, to cover their living expenses during their stay in Cyprus. The amount of resources required is set at €3.500.00 per month, together with medical coverage and a clear criminal record from the country of residence.

4. Tax Incentives

The possibility of extending the 50% tax exemption for investment in certified innovative Companies and by corporate investors is being considered. The regime that was in force until the end of June 2021 allowed tax exemptions only to natural persons. For this purpose, the opinion of the Directorate-General for Competition of the European Commission is expected and subsequently, the approval of the relevant bill is also expected by the Parliament.

In addition, the plan provides for the following:

• The extension of the tax exemption that applies to employees in the Republic, provided that they were non-residents of the Republic before starting their employment, for a period of 17 years.

• The expansion of the existing tax exemption to cover new residents-employees with a salary from employment of €55,000 and above with a tax exemption of 50%.

• Existing employees have the opportunity to extend the benefit from 10 to 17 years. Potential beneficiaries are persons with income (€55,000- € 100,000) for the remaining period of 17 years.

• At the same time, the abolition of the existing tax provision of 20% exemption from employment exercised in the Republic or €8,550 – whichever is lower – will be promoted, since incomes over €55,000 will receive a 50% income tax exemption.

• An increased deduction will also be granted for research and development costs and a deduction of taxable income equal to 120% of the actual cost.

These tax incentives also apply to Cypriots who have lived abroad for at least ten years, in order to persuade them to repatriate back to the Republic.

5. Naturalization

Furthermore, the right to apply for naturalization will be given to the employees of these Companies after five years of residence and work in the Republic or after four years if they meet the criterion of holding a recognized certificate of very good knowledge of the Greek language.

6. Social Insurance

Additionally, the transfer of social security contributions will be ensured so that when third-country nationals who have paid social security contributions in Cyprus, wish to return for permanent residence in their country, they will be entitled to transfer the contributions they paid, provided that they did not acquire any right in regards to age pension and/or disability etc.

The content of this article is valid as at the date of its first publication. It is intended to provide a general guide to the subject-matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided. For further information or advice, please contact Mrs. Stephanie Nicolaou, Advocate, Mediator, Legal Consultant & Certified AML Compliance Officer (CySEC) at the Law Firm CHAMBERSFIELD ECONOMIDES KRANOS, in Limassol Cyprus, # +357 25 356 800 or email at s.nicolaou@eklawyers.com, info@eklawyers.com.

The post Cyprus: New pioneer plan for attracting foreign businesses appeared first on Chambersfield Economides Kranos.

1. the definition of tax and the residency for companies incorporated in Cyprus,
2. the introduction of withholding taxes on payments of royalties, dividends, and interest to a company tax resident in a country included on the EU blacklist or to a company incorporate dinany of the EU back listed countries which is not considered tax resident anywhere.

Both laws are coming into force on December 31^st, 2022.

Until today, a company was considered as tax resident of Cyprus if its management and control is exercised in Cyprus. After this amendment, any company incorporated or registered in Cyprus whose management and control is exercised outside Cyprus will still be considered as tax resident of Cyprus, unless this company is considered as tax resident in any other state. As a result, a Cyprus-incorporated company can no longer be considered not to be tax resident anywhere. Unless a company is tax resident in a country included in the EU black list or if the company is incorporated in a country not included on the list, it is not tax resident in any jurisdiction

Royalties

The 10% withholding tax will apply to royalty payments made to a company that does not have a residence in Cyprus but which has a residence in a country that is included in the EU blacklist of non-cooperative jurisdictions, or to a company incorporated in such a backlisted country which is not tax resident anywhere, regardless of whether the assets for which the royalty is paid will be used in Cyprus or elsewhere.

Dividends

Dividends paid by Cypriot tax resident companies to companies tax resident in countries included in the EU black list of non-cooperative jurisdictions or to companies incorporated in such countries which are not tax residents anywhere will be subject to a 17% special defense contribution (“SDC”).

The above does not apply to companies listed on a recognized stock exchange.

Interests

The SDC rate on interest paid to a company that is not tax resident of Cyprus but tax resident in a country that is listed on the EU blacklist of non-cooperative jurisdictions, or to a company incorporated in one of those countries that is not considered tax resident anywhere, will be 30%.

The above does not apply to interest paid on securities listed on a recognized stock exchange.

Black listed countries

The list is adopted by EU on the 5^th of October 2021 and consists of the below countries

American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands and Vanuatu.

The post Cyprus: Amendments on Income Tax Law & SDC Law appeared first on Chambersfield Economides Kranos.

Today’s world strives to adapt to continue functioning, retain economic stability and society’s welfare.

In this new reality, businesses are in a high anxiety state and undertake intensive actions to secure their staff and retain business relations with clients, shareholders, stakeholders, and partners.

Even though the crisis is critically affecting our way of life, there are intricate business alerts that entrepreneurs should not neglect and seek ASAP the assistance of professional legal advisors and consultants to confront them successfully.

Business Alerts

Business Endurance

Businesses should form an effective business continuity plan with strategies that target the business’s continuation.

Professional legal assistance is needed when forming the business continuity plan to safeguard that the business fully complies with the legislative framework, i.e.:

• contractual relationships
• employment contracts
• compliance of the industry with its obligations before governmental authorities
• business relationships of company’s affairs with employees, clients, suppliers, shareholders, and stakeholders.

Business Insurance Coverage

In today’s business environment, many companies have business insurance coverage plans.

Consequently, the company’s legal advisors should thoroughly examine the insurance policies and coverages to identify if compensations for the COVID – 19 pandemic exist.

It is noteworthy to mention that all insurance contacts are subject to high variations when coverage policies and exemptions are concerned.  Chambersfield Economides Kranos lawyers can evaluate your business insurance contract and identify possible coverages according to the contractual and related pandemic litigation, as well as determine the coverage percentage of the cause.

Employment Law

Almost all the governments of the world, during the pandemic outbreak, issued supportive measures and degrees to safeguard business operations, social welfare and prevent mass layoffs.

Moreover, governments issued a safety and security degree for tackling the pandemic effects and provide a healthy, hazard-free workplace environment to all employees.

Despite the government’s efforts, many people have wrongly or unfairly being dismissed from their employment. Unfortunately, many of them were unaware of legislative and/or regulatory provisions aiming to safeguard their legal rights.

An unlawful employment dismissal depends on the individual situation and may violate the Termination of Employment Law, Violation of Constitutional Human Rights, or Breach of Employment Contract.

Subsequently, before proceeding with employment termination, businesses should consult their legal advisors to determine if there is a violation of employment rights.

Privacy and Security

There are many questions concerning network privacy and security on remote work, especially today that social distancing is promoted as a prevention measure of Covid-19 pandemic spread.

Due to pandemic measures, “business as usual” is disrupted, and the vast majority of companies proceeded with the introduction of remote work to maintain their sustainability.

At the same time, the implementation of “working from home” raised safety questions to companies regarding:

• The disclosure of sensitive data processed or saved in the company’s systems,
• Possible unauthorized access or disclosure of data,
• Unsecured Networks that are vulnerable to viruses, malware, etc.

Consequently, companies, to overcome those problems, should assess their policies:

• of remote access in their systems and develop regular risk checks,
• adopt continuous monitor techniques,
• and enhance employees’ security access points by implementing double system authentication techniques and encryptions.

Besides, special attention should be given to employees’ training and system defense mechanisms to prevent spear phishing, whaling, smishing, and vishing that flourish during a crisis.

Concurrently, companies should define their policies for gathering and receiving health-related information about their visitors, employees, and third parties to be fully compliant with the EU General Data Protection Regulations (GDPR).

The needs of each company vary according to the nature of the business operations and activities. For privacy matters and GDPR compliance, it is highly recommended to seek the advice of the professional lawyers of Chambersfield Economides Kranos.

It is noteworthy to mention that companies that do not implement the appropriate measures may face sudden threats and consequences.

Contractual Relationships

The coronavirus pandemic has undeniably affected the world economy and created massive negative impacts on all commercial contacts and activities.  Countless trade contracts were affected, and many business transactions were canceled or postponed.

Also, concerning contractual relationships, the pandemic has raised reasonable questions of who will be accountable and bear the financial losses of not meeting the contract obligations.

Additionally, a wise confrontation should be the implementation of crisis management strategies that will help in minimizing the effects of the outbreak i.e.

• Negotiation attempts will involve parties with suggestions that may solve the problem.
• Implementation of relief strategies
• Formation of a Contingency plan
• Legal risk analysis
• Revision of contract clauses
• Governing law, etc.

It is also highly recommended for overcoming contractual relationship vulnerability to seek the consultation of Chambersfield Economides Kranos, legal and business consultants.

The firm’s legal consultants can help form a crisis management plan, which will contain actions that will safeguard your firm’s contractual relationships and business operations.

Financial Concerns

Many companies and individuals have experienced financial distress for their earnings, cash flow, and loans after the pandemic outburst.

Also, many companies had to appeal for restructuring their contracts and agreements to cope with the pandemic consequences and continue their business operations.

The answer to business sustainability does not lie only with loan restructuring but with overall business restructuring due to Covid-19 unpredictable era effects.

Thereupon, for a successful restructuring of your business, entrepreneurs should appoint legal experts that will perform a thorough analysis of the company’s current situation and propose sustainable solutions.

Merges and Acquisitions

As previously stated, the Covid-19 pandemic has had a significant negative impact on all business activities, not only in nearly every sector of the economy but also on Mergers and Acquisitions transactions.

Many M&A transactions after the outbreak were affected in terms of:

• Financial Risk – due to future uncertainties on the behavior of the economy, in M&A transactions, entrepreneurs have shown hesitation on whether they will proceed with the transaction, cancel, or postpone it.
• Value – The conditions of the international market have changed dramatically.

Nowadays, we observe spontaneous economic tendencies. Therefore,  entrepreneurs are in the process of re-evaluating M&A pricing and risks before reaching a decision.  Also, in M&A re-evaluation, a great emphasis is being given on financial due diligence indicators, i.e., capital funding, continuity business plans, risk management, etc.

• Sustainability – entrepreneurs evaluate possible business sustainability scenarios before proceeding with the M & A transaction.

Additionally, entrepreneurs attempt to identify policies that will ensure the successful continuation of their business operations and mitigate the risks of market fluctuations.

With that said, today’s entrepreneurs are in more need of cooperation with lawyers that have great experience in cross-border transactions, M & A, and crisis management.

Intellectual Property Rights

Intellectual Property Rights have been highlighted even more during the pandemic era.

Subsequently, businesses should find “out-of-the-box” solutions to cope with the pandemic’s effects, which will sustain their operations and create new opportunities.

Several examples demonstrate this thinking in e-commerce, IT, pharmaceutical, etc.

For example, many IT companies seized the opportunity of social distancing and lockdowns and focused on technological developments.  It is a fact that the Research and Development department of Pharmaceutical companies got into the fight for developing vaccinations of immunity towards the coronavirus.

All new developments need to be assessed by the governmental authorities, register their IP rights, and acquire the license before entering the market.

The measures of the governmental authorities, as expected, created delays in the registration process of copyrights, trademarks, and patents.

Therefore, to avoid further procedure delays, it is highly recommended for your IP application and procedure be handled by experienced and accredited law firms.  The professional IP lawyers can provide the appropriate advice during the process, on a national and international level, and overcome any possible delays during the application stage.

E-Commerce

Nowadays, e-commerce is deemed to be the leader of the retail industry. Movement restrictions, lockdowns, and social distancing were the main reasons that contribute to the e-commerce booming induced. As expected, companies that adapted fast to consumer behavior changes thrived.

It is undeniable when it comes to e-commerce, it is of utmost importance to be sure that your online business is compliant with the relevant regulatory and legislative framework.

Several laws pertain specifically and related to online businesses, including but not limited to intellectual property rights (trademarks, copyrights, etc.), privacy policies, terms of service, data protection, and consumer rights.

Therefore, for safeguarding your online business operations, it is recommended to search legal consultants’ advice and seek their assistance with all legal aspects related to online businesses’ formation and function.

The post Legal Considerations in Today’s Businesses appeared first on Chambersfield Economides Kranos.

GOLD: It’s a well-known fact that most companies in Cyprus are family businesses. Do they tend to have a succession plan in place or not?

Michalis Economides: In my experience, the majority of family businesses do not. I have seen many instances of companies only realizing the need for such a plan at a very late stage, usually when a dispute arises among the members of the next generation and it ends up in court. Such situations have become much more common over the past five years, as more and more young people take over the management of their parents’ companies. When several siblings are involved, things can become very complicated.

GOLD: What kind of advice do you give to clients who recognize that they need to take certain steps to ensure a smooth transition?

M.E.: We tell them that they need to draw up clear rules and guidelines, including the founder’s wishes about how he envisages the future management and strategy of the company and to put everything in writing. Some years ago, I had a case in which, on a Friday, agreement was reached between the company owner and his children – who were already working as managers in various departments – and on the following Monday, the father passed away. It was tragic but he had understood the importance of making sure that everything was clearly stated in writing. Years later, his children still go back to that agreement and its provisions, and that has enabled them to avoid the kind of disputes that arise in other companies that have no such agreements in place. When it was drawn up, we had considered all the possible outcomes,eventualities and scenarios – or at least 99% of them. So my advice to family businesses and Groups of Companies is always to plan ahead, have a corporate and shareholder structure that does not allow any room for interpretation or disputes,and determine separate and specific duties and roles to the members of the younger generation.

GOLD: It’s said that in some countries, 70% of businesses fail to make a successful transition to the 2nd generation. How are things in Cyprus?

M.E.: To be honest, I think it’s even more than 70% in Cyprus. Unfortunately, too many people in family businesses become so emotionally attached to the company – understandably so – that they fail to see the reality that time is running out. But it is essential to plan ahead, make agreements, give solid instructions to the next generation and, in particular, arrange the shareholding in such a way that will not allow any disputes between the siblings. This is an area that can lead to huge problems. When the founder of a business gives his children an equal number of shares, it might seem fair but it can lead to deadlock. If two children are each given 50% of a company, I can tell you with near-certainty that, at some point, there will be problems.

GOLD: So there has to be a distinction made between ownership and management?

M.E.: Exactly. Unfortunately, there is rarely a clear separation of ownership and management in Cyprus. People think that, once they are owners, they have to be involved in the management. There are exceptions but the majority think like this.

GOLD: What happens if the children either don’t want to join the company or they are just not right for the job?

M.E.: If someone has worked hard to create a successful Group of Companies, it is only fair for that business to continue to thrive. If your child is not interested in continuing what you have started, fair enough; you should not push him or her to do something they don’t want to do. Instead, you should appoint a professional manager and simply transfer the company ownership to your children, who will receive an annual dividend and a share of the profits. A more problematic situation arises when the children want to get involved in the business but they are not cut out for it. If the father realises this in advance, he can propose ownership only. If, for emotional reasons, he decides to appoint his children to management positions, time and the financial results will show if they are capable  or not. Huge groups have gone bust because of poor management by younger members of the family.

GOLD: How do you deal with such a situation?

M.E.: I have often told clients that not everyone is meant to be a manager but they don’t always accept this advice. On occasion I’ve proposed that, if it’s a Group of Companies, it should be divided up and each family member can be given one company and be responsible for its management. That, of course, means that the Group is diluted and it is not a solution I like. A much better one is to appoint professional business managers and to try and persuade the siblings to be owners, with no say in the day-to-day management of the company. Whatever the answer, if they don’t want their children to end up fighting each other in court, company owners have to take timely action.

GOLD: Given the changing business scene and the impact of technology, even the most successful established companies need to move with the times, so new blood and next generation managers are essential.

M.E.: Absolutely and we’ve seen many examples of young people coming in, changing the whole system and the company’s operations, resulting in the business doing even better than before. But again, that presupposes qualified and suitable family members or professionals from outside the family. On the negative side, I have noticed that members of the next generation often tend to be risky spenders – they are not the ones who have worked hard and for a long time to create wealth and they are more likely to take risks when it comes to marketing budgets and mergers & acquisitions, which their parents would never have done. When you find a few million euros of available funds, it’s very easy to spend it recklessly.

GOLD: In practical terms, how does a law firm like yours, help in the succession process?

M.E.: What usually happens is that we have numerous meetings over weeks and months – years sometimes – so that everything is thought out and put down in writing. We also advise the family from a business perspective because, during those meetings, we see things that they, for emotional reasons, may not see clearly. It’s much easier for us as outsiders to recognize potential problems in advance so we draw up agreements that clearly state the wishes of the founder/CEO, give clear instructions and identify specific roles and duties for those entering the company. They key is to plan ahead for all eventualities. We try to make family business owners understand that they need to think more as business people than as parents.

GOLD: Are there occasions when you propose solutions that are not accepted by the owner or the next generation? What happens then?

M.E.: Yes, there are such cases. Again, emotional reasons are usually behind the refusal of our proposed solutions but in 99% of such cases, after some months or longer, they will come back to us and admit that we were right and they want to do it that way.

GOLD: Is this a major part of your firm’s work? Is it an area that you see increasing?

M.E.: The answer is yes to both questions. Many company owners and founders are at retiring age and we are seeing more and more cases every month. I definitely expect this area of work to grow considerably as more businesses understand the need to ensure continuity and a smooth succession process.

GOLD: Did you follow in your father’s footsteps and join the family business?

M.E.: No, not at all. My father and mother are not related with the legal industry in any way what so ever, therefore my decision to become a lawyer was a genuine decision to do what I love. I started in the legal profession as an employee, then I became a partner in another firm and eventually took the risk of creating my own legacy.

GOLD: Your use of that word ‘legacy’ makes me want to ask if you imagine facing a succession problem in 20years’ time with your own children!

M.E.: I don’t think there should be a problem because I am already very clear about everything from now and I don’t even have any children yet! But the word ‘legacy’ doesn’t only refer to a business being passed on to the next generation. It’s about the brand and the name and, actually, this is the legacy of the founders of every business. So if my children decide that they want to join the firm, they will start from the bottom as trainees and then employees and they will have to prove that they are capable of managing the company. They won’t be given that responsibility from Day One. But although I have stressed the need for long-term planning, I think that in my case, it’s very early to be having such a discussion!

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Ακολουθεί Ελληνική Μετάφραση

The Ministry of Finance announces that in the framework of the Support Program for dealing with the negative impacts and effects of the coronavirus, the following were approved today:

Legislation that provides the temporary suspension of the obligation to submit tax returns and pay the VAT, until the end of April 2020, provided that the taxable individual pays the amount due regarding the VAT, until the 10^th of November 2020, and in case their last annual turnover (i.e. for the past 12 months)  did not exceeded one million euros

Legislation that provides the temporary reduction of VAT, from 19% to 17% for a period of two months, commencing on the 1^st of April 2020 until the 31^st of May 2020; and from 9% to 7% for a period of three and a half months, commencing on the 1^st of April 2020 and until the 15^th of July 2020.

The Ministry of Finance also announced the temporary preservation of the initial rates for the contributions regarding General Health System (GESY), (from the employees, the employers, the self-employed, the income-earners and the government, as an employer and as a third party), from the 1^st of April 2020 until the 31^st of May 2020. In relation to the contributions for the General Health System (GESY) for March 2020, the increased contributions will be applied to all parties.

The proposal of the government to the Cyprus Energy Regulation Authority (CERA), in relation to the immediate reduction of the charged price of electricity consumption by 10%, for a period of 3 months.

The temporary suspension of the sale processes by Cyprus Property Management Company (CPMC) for a period of 3 months.

A 3-month extension is provided to the interested parties, who have already submitted an application for their inclusion in the plan of “ESTIA”, in order to fulfil their obligation to submit the necessary supporting documents.

Ανακοίνωση του Υπουργείου Οικονομικών σε σχέση με το Πρόγραμμα Στήριξης 

Το Υπουργείο Οικονομικών, ανακοινώνει ότι στο πλαίσιο του Προγράμματος Στήριξης για αντιμετώπιση των επιπτώσεων του κορωνοϊού, εγκρίθηκαν σήμερα τα πιο κάτω:

Νομοσχέδιο που προνοεί προσωρινή αναστολή μέχρι τέλος Απριλίου 2020 της υποχρέωσης υποβολής φορολογικής δήλωσης και καταβολής του ΦΠΑ, νοουμένου ότι το υποκείμενο στο φόρο πρόσωπο, καταβάλει το ποσό οφειλόμενου ΦΠΑ, μέχρι τις 10 Νοεμβρίου 2020, όταν οι συνολικές εκροές κατά τους τελευταίους 12 μήνες που προηγούνται της λήξης της καθορισμένης φορολογικής περιόδου, δεν έχουν υπερβεί το ένα εκατομμύριο ευρώ.

Νομοσχέδιο που προνοεί μείωση του βασικού συντελεστή ΦΠΑ από 19% σε 17% για περίοδο δύο μηνών, από 1 Απριλίου 2020 μέχρι 31 Μαΐου 2020, καθώς επίσης και του μειωμένου συντελεστή ΦΠΑ, ο οποίος μειώνεται από 9% στο 7% για περίοδο τρεισήμισι μηνών, από 1 Απριλίου 2020 μέχρι 15 Ιουλίου 2020.

Προσωρινή διατήρηση της καταβολής συνεισφορών στο Γενικό Σύστημα Υγείας, με τους αρχικούς συντελεστές (από τους μισθωτούς, εργοδότες, αυτοεργοδοτούμενους, εισοδηματίες και το Κράτος ως εργοδότης και ως τρίτο μέρος), από την 1η Απριλίου 2020 μέχρι την 31η Μαΐου 2020. Για το μήνα Μάρτιο, θα εφαρμοστούν οι αυξημένες συνεισφορές για όλα τα μέρη.

Εισήγηση της Κυβέρνησης προς τη ΡΑΕΚ, για καθολική μείωση της τιμής χρέωσης της κατανάλωσης ηλεκτρικού ρεύματος κατά 10%, για περίοδο 3 μηνών.

Προσωρινή αναστολή της διαδικασίας εκποιήσεων από την ΚΕΔΙΠΕΣ για περίοδο 3 μηνών.

Παράταση για 3 μήνες της υποχρέωσης προσκόμισης των απαραίτητων δικαιολογητικών από ενδιαφερόμενους που υπέβαλαν ήδη αίτηση για ένταξη στο «Σχέδιο Εστία».

Πηγή: Γραφείο Τύπων και Πληροφοριών

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Ακολουθεί Ελληνική Μετάφραση

In the relevant framework of the measures taken by the government for supporting companies / businesses that are being affected by the restrictive measures imposed for the limitation of the Coronavirus spread, the Department of Registrar of Companies and official receivers announces the following:

4th Companies Compliance Campaign for Registration of Annual Due Reports:

• The process of publication in the Official Gazette of the Republic is suspended for the duration of three months prior to the delisting of non-compliant companies until January 2021.

Payment of the annual fee of € 350:

• The payment option of the annual fee for 2020 is extended until December 31st, 2020 without the enforcement of the additional charge of 10% and 30%.

Enforcement of fees for the late submission of forms to MCIT:

• In co-operation with the House of Representatives, the implementation of the monetary charge on late submission of statutory forms to MCIT will be postponed and transferred to 2021.

Submission to the Department of the Annual Report 2020:

• The Annual Report dated 01/01/2020 to 31/12/2020 may be submitted to the Department until 28/01/2021, without the additional charge of € 20 imposed for late registration.
• Due to the relative adjustment that has to be made to the Registrar’s system, it is recommended to companies that are intending to submit now the Department’s Annual Report 2020, to wait the relevant announcement from the Department of Registrar of Companies and Official Receiver.

Spyros Kokkinos

Source: Department of Registrar of companies and official receiver

23/3/2020

Μέτρα για υποβοήθηση των Εταιρειών που έχουν υποστεί συνέπειες λόγω κορωνοϊού. 

Στα πλαίσια των μέτρων που λαμβάνει η κυβέρνηση για στήριξη των εταιρειών/επιχειρήσεων που επηρεάζονται από τα περιοριστικά μέτρα που έχουν επιβληθεί για τον περιορισμό της εξάπλωσης του Κορωνοϊού, το Τμήμα Εφόρου Εταιρειών ανακοινώνει τα εξής:

4η εκστρατεία συμμόρφωσης των εταιρειών για καταχώριση οφειλόμενων ετήσιων εκθέσεων:

• Αναστέλλεται η διαδικασία δημοσίευσης στην Επίσημη Εφημερίδα της Δημοκρατίας για τρίμηνη ειδοποίηση πριν τη διαγραφή των μη συμμορφούμενων εταιρειών, μέχρι τον Ιανουάριο 2021.

Καταβολή του ετήσιου τέλους €350:

• Η δυνατότητα καταβολής του ετήσιου τέλους για το 2020 παρατείνεται μέχρι και την 31η Δεκεμβρίου του 2020 χωρίς την επιβολή της επιπρόσθετης επιβάρυνσης του 10% και 30%.

Επιβολή χρηματικής επιβάρυνσης για την εκπρόθεσμη υποβολή εντύπων στο ΤΕΕΕΠ:

• Σε συνεργασία με τη Βουλή των Αντιπροσώπων, η εφαρμογή της χρηματικής επιβάρυνσης για την εκπρόθεσμη υποβολή θεσμοθετημένων εντύπων στο ΤΕΕΕΠ, θα μετατεθεί για το 2021.

Υποβολή στο Τμήμα της Ετήσιας Έκθεσης του 2020:

• Η Ετήσια Έκθεση με ημερομηνία σύνταξης από 01/01/2020 μέχρι και 31/12/2020 δύναται να υποβληθεί στο Τμήμα μέχρι και τις 28/01/2021, χωρίς να επιβληθεί το τέλος των €20 για εκπρόθεσμη καταχώριση.
• Λόγω της σχετικής ρύθμισης που πρέπει να γίνει στο σύστημα του Εφόρου Εταιρειών, συστήνεται όπως εταιρείες που προτίθενται να υποβάλουν τώρα εκπρόθεσμα στο Τμήμα την Ετήσια Έκθεση του 2020, αναμένουν σχετική Ανακοίνωση του Τμήματος Εφόρου Εταιρειών.

Σπύρος Κόκκινος

Έφορος Εταιρειών

23/3/2020

Πηγή: Έφορος Εταιρειών

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