Bizserve Consultants offers company registration, trust formation, bank account opening, office provision and other professional services in Cyprus, the United Kingdom, BVI, UAE, Seychelles and other jurisdictions

Archived News

We are seeking to recruit motivated Interns for our Summer Internship Programme 2018. The Internships have a minimum of 8 weeks and are based in Nicosia.

In order to apply to the Summer Internship Programme, candidates must have the following prerequisites:

1. Degree in Law, Finance, Accounting, Economics, Marketing or any other relevant field
2. Minimum grade as follows:

- University of Cyprus: 7.5/10
- Other local universities: 3.30/4
- Greek universities: 7.5/10
- UK universities: 2:1
- USA uni...

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Bizserve Consultants Ltd has been named 'National Winner' in the 2017-18 European Business Awards Europe's largest business competition, in the category of 'The Customer and Market Engagement Award'.

Bizserve Consultants was selected as a National Winner from 2,898 businesses, previously identified as 'Ones to Watch' in a list of business excellence published in December, by a panel of independent judges including senior business leaders, politicians and academics. Bizserve will now go on to re...

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We are proud to announce that Bizserve Consultants is named as one of Europe's best companies!

Our Firm is included in the 'Ones to Watch' list; a list of business excellence published by the European Business Awards.

The EBA comprise of 12 categories focusing on core values of innovation, success and ethics. Our selection is for exceptional achievement in the category of 'Customer and Market Engagement'.

The 'Ones to Watch' list can be found at www.businessawardseurope.com

Bizserve Consu...

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In order to meet the standards of the increasingly regulated environment as well as the OECD requirements, Belize has adopted changes in its International Business Companies Act.

The amendments are highlighted below:

Abolition of bearer shares
Bearer shares are now prohibited. Companies with bearer shares must convert them to registered shares by July 2018, otherwise the shares will be considered void. Non- fulfillment of this requirement will result to a penalty of US$5,000 per day.

Regis...

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The International Business Companies Act, 2016 (the "Act") came into force on 1 December 2016, replacing the International Business Companies Act, 1994 (the "1994 Act").

This New Act introduces changes which all Companies need to comply. Some of the key reforms are as follows:

RECORD KEEPING REQUIREMENTS

Register of beneficial owners: Beneficial ownership register must be kept at the registered office of the IBC. The information that must be provided for each beneficial owner is:

(a) Name,...

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The Department of Registrar of Companies and Official Receiver in Cyprus, in continuation to their announcement dated 15th of December 2016 and pursuant to Article 327 (3) (c) of Chapter 113 of the Companies Law, announced that on the 22nd of September 2017 it had proceeded to an official three months publication in the Government's Gazette for deletion of companies that have not paid the Annual Levy (Article 391 of the Companies Law, Cap. 113) and will continue the publications for deletion of ...

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The British Virgin Islands (BVI) beneficial ownership regime, "Beneficial Ownership Secure Search System Act (the Act), came into force on 30 June 2017. Through the creation of non-public search platform called BOSS (Beneficial Ownership Secure Search System) all BVI registered agents are required to store beneficial ownership information of each legal entity they represent.

Entities that are within the scope:   The Act applies to all companies registered under the BVI Business Companies Act, 2...

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The BVI Government has passed legislation which amends the fees applicable to BVI Business Companies, including the annual government fee.

The BVI Business Companies Act (Amendment of Schedule 1) (No. 2) Order, 2016 and the BVI Business Companies Act (Amendment of Schedules) Order, 2017 have revised the fees charged by the BVI Registry.

 

The changes will come into effect on 1 January 2018.

 

The changes that are particularly relevant to you are:

(a) The increase in the annual license fee ...

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'' You must be the change, you wish to see in the world.'' Mahatma Gandhi

The quote above describes in the best possible way what Corporate Social Responsibility is all about.

 

Our firm, following this belief, has included CSR activities in its policies.

TELETHON

It is an annual international fundraising event that was initially organized in the US and quickly expanded to many European countries, including France, Italy, Belgium, Germany, Switzerland, Cyprus and others.
In Cyprus, the fir...

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Cyprus provides a complete value jurisdiction as it offers increased quality while it meets clients' expectations. Foreign investors can take advantage from Cyprus' vast benefits such as the low tax rate, the extensive network of Double Tax Treaties, EU membership and many more.

However, close attention should be given to the importance of substance so that the objective of efficient tax planning is safeguarded.

The issue of management and control is nowadays investigated more thoroughly by In...

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Bizserve Consultants has always been focused on providing bespoke high-quality services.  Keeping in mind the increasingly complex and demanding environment in which we operate we made the decision to enhance our team with another highly qualified Manager.

We are pleased to introduce Ms. Andrie Lymbouri, who will take over as Administration Manager of certain client portfolios.  Andrie holds a BSc in Business Administration from St. John’s University in New York and an MBA from Kingston Univers...

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Panama Government has enacted Law number 52 dated October 27th, 2016 (hereinafter identified as "Law 52"), which introduces the obligation of all companies, especially those whose operations are not carried from the Republic of Panama to maintain accounting records and all supporting documentation (which shall include the contracts, titles, statements of account, invoices, receipts or any other document that validates the transactions and operations executed by the legal entity).

The accounting...

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The Cyprus Government has recently announced the revised scheme for acquiring Cyprus citizenship (naturalization of non-Cypriot investors by exception). The new scheme is based on the following financial criteria:

1. Investment in real estate (acquisition or construction), land development and infrastructure projects (residential or commercial) of at least €2 million. The investor should have an investment plan and any purchase of land should be in non-zero growth zones, or

2. Investment (acqu...

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On December 15, 2016 the Department of Registrar of Companies and Official Receiver in Cyprus announced that on March 31, 2017 pursuant to Article 327 (2A)(b) of the Companies Law, Cap.113, it will proceed with the deletion of all companies that have not paid the annual tax levy within one year from the day it become payable.

The companies that have not paid the tax levy for the years 2012, 2013, 2014 and/or 2015 will be published in the Official Gazette of the Republic for a period of three mo...

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We are proud to announce that Bizserve Consultants has been selected as National Champion representing Cyprus in the European Business Awards (EBA) 2016-2017, in The Award of Customer Focus category.

The European Business Awards is an independent program aiming at recognizing and promoting business excellence and best practices within the European Community. The EBA program, now in its 10th year, is supported by business leaders, academics and political representatives across Europe.

For 2016-...

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Annual tax levy for Cyprus companies is payable to the Registrar of Companies, by the 30th of June each year. The relevant fee is €350. In case a company does not comply, it will be obliged to pay the annual tax levy plus a penalty/ies as follows:

- If not payable by the 30th of June a penalty of €35 will apply (total payable fee: €385)
- If not payable by the 31st of August an additional penalty of €105 will apply (total payable fee: €490)

Therefore any company which until today has not settle...

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Bizserve Consultants has been a member of the Cyprus Fiduciary Association (CFA) since 2011. As a member we have been able to participate in various decisions and express our opinion through our employees that participate in the Association's Committees as well as in the Board of Directors.

We are honoured to announce that during the Annual General Meeting of the CFA held on 15 June 2016, Mr. Chris Koutouroushis, Managing Director of Bizserve Consultants, was elected as the Vice-President of...

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Important changes are coming that will affect your UK company or Partnership.

People with significant control (PSC)

From April 2016 private UK companies and Limited Liability Partnerships will have to create and maintain a new public register This will be a register of people with significant control (PSCs) over the company or partnership.

From June 2016, the PSC information will have to be included on the new confirmation statement which will replace the current annual return that is filed ...

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Mr Chris Koutouroushis, Managing Director of Bizserve Consultants, recently attended a tax conference organized by associates in Russia. The conference debated the “Current Issues of De-offshorization” . Read the press release HERE

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We would like to bring to your attention the new changes announced from the Government of the British Virgin Islands (BVI). The changes will be valid as of 01 January 2016.

BVI in an effort to comply with the criteria set out by the Organization for Economic Co-operation and Development (OECD) and the international standards of transparency as promoted by The Financial Action Task Force (FATF) has announced changes in the Register of Directors and the Eligible Introducer Regime.

 

1.Register ...

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