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showing 18 results of 45
1 August 2024
Saudi Arabia Transfers $163B Aramco Stake to Modernize Economy
Saudi Arabia has transferred a $163 billion stake in its national oil company, Aramco, to its sovereign wealth fund, the Public Investment Fund (PIF), as part of efforts to grow assets and modernize the economy. This transfer of an 8% stake marks the third such increase in the PIF’s holding in Aramco over the past two years, bringing the fund’s total control to 16%. Initially, the government transferred a 4% stake to the PIF in February 2022, followed by another 4% to Sanabil, an investment arm of the PIF, in April 2023. Crown Prince Mohammed bin Salman, who leads the
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8 July 2024
Declarations of Withholding Tax & Contributions (IR 7)
Declarations of Withholding Tax & Contributions (IR 7) that have not been submitted and concern the years from 2019 onwards The Tax Department informs that, in terms of complying with the tax obligations, it is possible to submit, up until October 31, 2024 without the imposition of an Administrative Fine, the Declarations of withholding Tax & Contributions (IR 7) that have not been submitted on the specified date and which relate to the years from in 2019 onwards. After this date, the provided charges will be imposed, in accordance with the provisions of the Law.
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2 July 2024
Extension for the submission of the Individual’s Income Statement
The Department of Taxation has announced an extension for the submission of the Individual’s Income Statement for the year 2023 and the payment of the tax due. Based on the Decree of the Minister, Council dated 21 June 2024 (ΚΔΠ 209/2024), the new deadline is now 31 October 2024. It is important to remember that the obligation to submit an Individual’s Income Statement for the year 2023 applies to Employees, Pensioners, and Self-employed individuals whose Gross Total Income for the year 2023 exceeds €19,500. https://taxisnet.mof.gov.cy/
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11 June 2024
Marketing & Promotion Agent
We are seeking a talented Marketing Promotional Officer to join our team on a full-time basis to promote a banking institution based abroad and trying to enter the Cyprus market. As a Marketing and Promotional Officer, your primary responsibility will be to design and execute marketing strategies to promote our bank’s services to the people of Cyprus. You will have the opportunity to visit offices, interact with potential clients, and showcase the benefits of banking with our institution. Key Responsibilities: Develop and implement innovative marketing campaigns to increase brand awareness and attract clients. Conduct market research to identify potential clients
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11 June 2024
Entry-level Accountant
Are you a recent graduate with a degree in Accounting, Finance, or a related business field? Are you ready to launch your career with a dynamic and forward-thinking company? Highworth is seeking a motivated and detail-oriented Entry-Level Accountant to join our team! About Us: At Highworth we pride ourselves on our innovative approach and commitment to excellence. Our team is dedicated to providing top-notch financial services and solutions, and we are looking for fresh talent to help us continue to grow and succeed. Key Responsibilities: Assist in the preparation of financial records and reports. Conduct regular reconciliations of bank accounts
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26 April 2024
New updated Rules for Greece Golden visa by real estate investment
Important revisions have been enacted by the Greek Parliament, implementing updated investment criteria effective as of September 2024 which entail a notable increase in the minimum investment threshold, escalating from €250,000 to €800,000. More specifically as of 30 March 2024, the required minimum investment increased to €400,000 however, certain exceptions with a transit period will apply and it is possible to keep the investment of €250,000 if a deposit of 10% will be made and the applications will be submitted until 31st of August 2024, and the transaction shall be completed by 31st of December 2024. The program now specifies
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11 April 2024
Saudi Arabia Emerges as a Premier Destination for Global Businesses
In recent years, Saudi Arabia has shifted from an oil-dependent economy to a diversified powerhouse, actively attracting global businesses. Central to this transformation is Vision 2030, led by Crown Prince Mohammed bin Salman, aiming to reduce oil reliance, stimulate private sector growth, and enhance citizens’ quality of life through economic, social, and cultural reforms. Under Vision 2030, economic diversification is prioritized, with special economic zones like NEOM and the Red Sea Project offering incentives for businesses. The government has simplified regulations, enhanced transparency, and strengthened intellectual property rights to attract foreign investment and promote entrepreneurship. Saudi Arabia’s strategic geographic location
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