Our new offices are located on the state of art business center in the center of Nicosia. Our full address is: LOUCAS & LOUCAS Chartered Certified Accountants Office 103, 1st Floor 48 Themistokli Dervi Avenue, Athientitis Centennial Building, 1066, Nicosia - Cyprus. Tel: 00357 22 875808 Fax: 00357 22 875809

The long anticipated changes clearly aim for Cyprus becoming even more attractive for foreign investors and mutual funds as well as clarifying some important issues that were grey in the previous legislation. In summary the changes are: Income tax law Interest received by mutual funds/collective investment schemes is considered as earned from ordinary activities and therefore [...]

The Cyprus Parliament has recently approved the memorandum of understanding agreed by the Cyprus Goverment and the European Commission, the European Central bank and the International Monetary fund (collectivley called TROIKA). Despite the unprecedent 'haircut' of the deposits of Laiki Bank and Bank of Cyprus, which the majority of their clientelle are local people, the International [...]