Frequently asked questions (FAQ) & Glossary

Frequently asked questions (FAQ)

About Cyprus

Banking in Cyprus

Cyprus Company

Company Redomiciliation to Cyprus

Beneficial Ownership Register (BO Register) in Cyprus

Cyprus Tax

Audit & Accounting in Cyprus

AML/CFT Compliance

Glossary

A
ACCAAssociation of Chartered Certified Accountants
ACFEAssociation of Certified Fraud Examiners
ADITAdvanced Diploma in International Taxation
AMLAnti-Money Laundering
Arm's LengthThe concept of an arm's length transaction assures that both parties in the deal are acting in their own self-interest and are not subject to any pressure or duress from the other party.
B
BEPSBase Erosion & Profit Shifting
BlacklistA list of selected tax havens or high-risk countries.
C
CCCICyprus Chamber of Commerce and Industry
CEECentral & Eastern Europe
CFTCounter Terrorist Financing
CRSCommon Reporting Standard
CTOCyprus Tourism Organization
CySECCyprus Securities and Exchange Commission
D
DTTDouble Tax Treaties
E
ECEuropean Commission
EMEAEurope, Middle East and Africa region
ENREnergy & Natural Resources
EUEuropean Union
F
FATCAForeign Account Tax Compliance Act
FATFFinancial Action Task Force
FOFForum of Firms
FSFinancial statements
G
GAAPGenerally Accepted Accounting Principles
GAPPGlobal Assignment Policies and Practices
GCCGulf Co-operation Council
I
IABInternational Accounting Bulletin
IASBInternational Accounting Standards Board
ICAEWInstitute of Chartered Accountants in England and Wales
ICPACInstitute of Certified Public Accountants of Cyprus
IFACInternational Federation of Accountants
IFRSInternational Financial Reporting Standards
IIA CyprusCyprus Institute of Internal Auditors
IMFInternational Monetary Fund
IPIntellectual Property
ISAInternational Standards on Auditing
ITInformation Technology
K
KYCKnow Your Client
L
LLCLimited Liability Company
LLPLimited Liability Partnership
LTDLimited Company
M
M&AMergers and Acquisitions
MOAMemorandum of Agreement
O
OECDOrganisation for Economic Co-operation and Development
P
PEPermanent Establishment
PLCPublic Limited Company
PPPPublic Private Partnership
S
STEPSociety of Trust and Estate Practitioners
T
TICTaxpayer's Identification Code
TPGTransfer Pricing Guidelines
TPRTransfer Pricing Regulation
TPSTransfer Pricing Studies
V
VATValue Added Tax
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