Auditors are publicly appointed and have the professional task of carrying out business audits andissuing audit opinions on the performance and result of such audits, in particular audits of annual financial statements of economic enterprises. This is regulated in Section 2 (1) of the Act on the Professional Code of Conduct for Auditors. Furthermore, there is the legal obligation for companies to have their business figures certified by an auditor - the so-called auditor's certificate.

The green light was given by the Cypriot Parliament to the new legislation amending the VAT price on the primary residence. The European Commission found that the previous provisions were incompatible with the EU regulation, hence the new amendments are now moving forward. Following the approval by the Commission, Cyprus will be again in compliance with the EU regulation.

HISTORY

Due to the fact that Cyprus is part of the EU and is very strategically located at the crossroads of 3 continents, the Immigration permit for Investors in line with the provisions of Regulation 6(2) of the Aliens and Immigration Regulations is a very attractive immigration option allowing the applicant and his/her family the choice to have an alternative permanent residence in Cyprus indefinitely and offering them a safe and stable permanent alternative.

Why Exactly is the Cyprus Immigration permit for Investors so popular?

Directive 2019/2121- the Mobility Directive- came into force on 1 January 2020 and draws together provisions from previous directives to codify and clarify the law. Along with other provisions the directive amends provisions of Directive (EU) 2017/1132 of 14 June 2017 regarding cross-border conversions, mergers, and demerges. Member States must comply with the directive by the 31^st of January 2023.