Dear clients, associates and friends   Describing the past year as strange or difficult would be an understatement, to say the least. The global turmoil, challenges and adversities were of an unprecedented scale, placing great strain on everyone. Nevertheless, we have done our utmost to remain in close contact with you, assisting you to the maximum permissible extent.   Having reached our Golden Jubilee milestone, all of us here at Totalserve Group remain fully committed and closely following all the relevant needs and developments of our industry, we continue to take a proactive stance in relation to strengthening or adjusting our existing lines of service and adopting new ones as needed - whilst at the same time remaining fully compliant with all relevant laws and regulations.   We would like to thank you all, for your continued support and to wish you health, happiness and every success.   Let us brace ourselves with optimism and steadfastness and to welcome the new year with hope and positivity.   Happy New Year!   Petros Rialas CEO

CYPRUS SUSPENDS PUBLIC ACCESS TO UBO REGISTERS FOLLOWING ECJ RULING   On 22 November 2022, the Court of Justice of the European Union effectively ruled that public access to the beneficial owner registers of the EU member states (as per the relevant provisions of the 5th EU Anti-money-laundering Directive) is illegal.     READ MORE

BRITISH VIRGIN ISLANDS: AMENDMENTS TO THE BVI BUSINESS COMPANIES ACT   A number of significant amendments to the BVI Business Companies Act will come into force as of 1st January 2023.     READ MORE

TOTALSERVE STRENGTHENS ITS CORPORATE BRAND IDENTITY   Totalserve is excited to unveil its revamped corporate brand identity! This has been planned to coincide with the group’s 50th anniversary celebration.     READ MORE

GOLD MAGAZINE-THE LEGAL ISSUE, INTERVIEW WITH GEORGE ECONOMIDES   George Economides, points out the continuous hard work that needs to be done in order for law firms to keep up with the demanding regulatory and technological changing environment in Cyprus.     READ MORE

NORWICH PHARMACAL ORDERS IN THE CYPRUS CONTEX   From our new Brief Insights publication series, find out the basic elements to a Norwich Pharmacal order.     READ MORE

TECHNICAL NEWS

Introduction of Transfer Pricing legislation in Cyprus Tax exemptions for first employment in Cyprus Redomiciling a foreign company and relocating persons to Cyprus Extension of tax incentives for investments in innovative SMEs

LIMASSOL (HQ) | LONDON | ATHENS | TORTOLA www.totalserve.eu | [email protected]

Totalserve House 17 Gr. Xenopoulou Street 3106 Limassol, Cyprus   Tel: + 357 25866000 Fax: + 357 25866001

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