20 February

According to the 2018 Legatum Prosperity Index, which has been recently published, covering 149 countries, global prosperity rises to the highest-ever level. Our own Mr. Marios Eliades, shared some results from the report, providing insights on Cyprus. According to the report, Cyprus ranked 28 out of 149 countries in this global prosperity index, performing best on personal freedom, safety and security, and lowest on the natural environment and education pillars. Read the full article

M. Eliades & Partners LLC, Advocates - Tax & Business Consultants is a GGI Member firm

05 November

The Central Bank of Cyprus on 2 November 2018, issued an updated circular regarding the definition of Shell Companies following its first circular issued in 14 June 2018. The new circular provides clarifications on the definition of Shell Companies, offering clearer guidelines to Banks as well as the Services Industry, removing the ambiguities which were contained in its first circular. The full document as issued by the Central Bank of Cyprus can be accessed on below link.