by Christos Demetriou

Personal Financial Planning

2 February 2020


Setting up a personal financial plan allows a person to have better control of the funds inflow, outflow, the assets and liabilities, and generally his/her wealth position. Read more...



The accountant-blog publishes financial information and material about developments, applications and changes that are affecting the global financial markets, industry and environment.


The publications are written by a financial professional with technical expertise and relevant experience in the financial profession.

Cyprus Emerging Companies Market (ECM)

3 January 2020


The Emerging Companies Market (ECM) of the Cyprus Stock Exchange (CSE) is considered as a Multilateral Trading Facility (MTF) operated, controlled and regulated by the CSE and is an alternative to the regulated/main market. Small and emerging companies can be benefited through the listing of the simplified regulatory environment of ECM Market. Read more...

Cyprus Holding Company Structures and Tax Planning

2 November 2019


Cyprus has one of the most preferential business environments and tax regimes of the European Union to set up a holding company. Read more...

Cyprus International Trusts

6 October 2019


Cyprus is a reputable international financial centre, which has one of the most preferential business environments and tax regimes of the European Union to set up an International Trust. Read more...

Asset Protection and Inheritance Planning

2 October 2019


Asset protection is a type of planning the protection of assets against any creditors’ claims. Asset protection is commonly used by individuals and businesses to protect their most valuable assets from creditors’ access. Read more...

5th Anti-Money Laundering Directive: What is changing?

2 September 2019


In June 2018, the 5th Anti-Money Laundering Directive (AMLD) became law. The new AML Directive brings major changes and developments to the existing Directive (4th Directive), and the EU member states must transpose those changes and developments into their national law until 10 January 2020. Read more...

OECD – Common Reporting Standard & Exchange of Information

19 August 2019


The Common Reporting Standard (CRS) has been developed by the Organisation for Economic Co-operation and Development (OECD), an organisation which gives directions and oversees the procedures against international tax evasion, aiming the improvement of international tax compliance and prevention of tax evasion. Read more...

EU Sanctions: Implementation and Monitoring

1 June 2019


EU restrictive measures and sanctions are considered to be an exercise of power and affecting decisions tool which is used by the member states over other countries which are violating international laws. Read more...

National Health System (NHS) of Cyprus

2 May 2019


The House of Representatives of Cyprus, in 2017, passed the legislation on the National Health System where it provides for the need to improve the quality of health care provision in Cyprus and provides issues, including health care services, healthcare service providers, as well as the way the system is financed through contributions and supplements. Read more...

5η Οδηγία Περί Παρεμπόδισης Ξεπλύματος Παράνομου Χρήματος: Τι αλλάζει;

4 October 2020


Τον Ιούνιο του 2018, η 5η Οδηγία περί Καταπολέμησης της Νομιμοποίησης Εσόδων από Παράνομες Δραστηριότητες (Παρεμπόδισης Ξεπλύματος Παράνομου Χρήματος – ΞΠΧ) κατέστη νόμος. Η νέα οδηγία για την καταπολέμηση της νομιμοποίησης εσόδων από παράνομες δραστηριότητες επιφέρει σημαντικές αλλαγές και εξελίξεις στην ισχύουσα οδηγία (4η Οδηγία), όπου τα κράτη μέλη της Ευρωπαϊκής Ένωσης (ΕΕ) πρέπει να μεταφέρουν τις εν λόγω αλλαγές και εξελίξεις στο εθνικό τους δίκαιο έως τις 10 Ιανουαρίου 2020. Read more...

AML Compliance is more than a KYC/CDD Compliance

2 November 2020


Now a day, organizations, businesses, individuals and any other legal arrangements must apply and be compliant with the Anti-Money Laundering guidelines, laws and regulations that apply in the country in which they operate and/or have been established. Read more...

How Business Sectors affected by Covid-19 pandemic

1 June 2021


Covid-19 has set millions of businesses vulnerable to the financial impacts of the pandemic, with the majority being unable to recover and the rest counting losses, employment cuts, change the way of operating and years forward for recovery. Read more...