The Cyprus Non–Dom Regime – What Are Considered The Strong Points of a Non-Dom Regime?
Being at the crossroad of the three continents Europe, Asia and Africa, Cyprus is an EU member state with a stable economy low tax rates…
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Non-Governmental Organisations (NGOs) in Cyprus
A non-governmental organisation (NGO) is an entity that operates independently of any government with the primary aim of improving societal conditions.
The Cyprus Non–Dom Regime – Who Are the Potential Applicants?
Cyprus is increasingly positioning itself as a prime destination for high-net-worth individuals due to its attractive tax regime and other factors that support wealth management.
Η Αιτιολογία: Ο Πυρήνας της Δικαστικής Απόφασης
Η δικαστική απόφαση αποτελεί την τελική φάση μιας μακράς και απαιτητικής διαδικασίας, κατά την οποία το Δικαστήριο καλείται να επιλύσει μια νομική διαφορά και να αποδώσει δικαιοσύνη.
The Rationale: The Core of the Judgment
A judgment is the final phase of a long and demanding process, in which the Court is called upon to resolve a legal dispute and dispense justice.
Decoding eIDAS
In an ever-evolving digital age, the eIDAS (electronic Identification Authentication and Trust Services) Regulation provides a framework for secure electronic transactions across the European Union (EU).
Real Estate in Cyprus
Cyprus is a common law jurisdiction, and its legal system is based on the UK one. It is a clear and robust system which leaves no uncertainty as to the ownership status of real estate in Cyprus.
MiCA CASP License in Cyprus – CySEC announces acceptance of applications
The Cyprus Securities and Exchange Commission (CySEC) has announced on 13 November 2024, that it now accepts applications for a preliminary assessment under the EU’s Markets in Crypto-Assets Regulation (MiCA).
The Cypriot government’s initiative to establish a Unified Supervisory Authority must be revisited
Recently, the Cypriot government announced its initiative towards establishing a Unified Supervisory Authority.
The EU Digital Services Act – Overview of Key Obligations
As digital platforms, such as e-commerce sites, social media networks, and digital applications continue to shape commerce, information, and communication in Europe, the need for regulatory clarity and a coordinated approach has become increasingly vital.
From Fame to Serious Allegations
Human trafficking is not a modern crime, rather, it is a persistent challenge that continues to affect countless individuals.
Electronic Money Institutions: Licensing & Passporting Rights in Cyprus
Cyprus has established itself as a reputable European Union (EU) jurisdiction, making it an attractive location for Electronic Money Institutions (EMIs).
Exploring the EU AI Act
The Artificial Intelligence (AI) Act entered into force on 1 August 2024 and will be broadly applicable after two years, following a phased implementation process.
Ο Περί Εταιρειών (Τροποποιητικός) (Αρ.4) Νόμος 101 (Ι) του 2024
Ο Περί Εταιρειών (Τροποποιητικός) (Αρ.4) Νόμος 101 (Ι) του 2024 εισήγαγε σημαντικές αλλαγές…
Listing of Green Bonds in the Emerging Companies Market (ECM) of the Cyprus Stock Exchange (CSE)
Listing of Green Bonds on the Emerging Companies Market (ECM) of the Cyprus Stock Exchange (CSE) is drawing significant interest from companies and investors alike.
Digital Era: Online Mediation
Online Dispute Resolution (ODR) is an effective alternative approach when resolving disputes, offering several benefits over traditional face-to-face dispute resolution practices.
Mergers & Acquisitions in Cyprus: Practical Law Global Guide
Mergers & Acquisitions in Cyprus: Practical Law Global Guide We are pleased to have contributed to Practical Law Global, the Cyprus part of the Private M&A Global Guide (Private Mergers and Acquisitions in Cyprus: Overview). The guide provides an overview of key legal and deal structuring issues relating to private M&A transactions in Cyprus, including as…
Essential Due Diligence Checks for Cyprus Real Estate
Purchasing property abroad can be an exciting option and Cyprus stands out as a top location, whether you are seeking a new home for relocation, an investment opportunity…
Structuring M&A Deals – Protecting the Seller’s Earnout Post-Acquisition
Earnouts, while offering the potential for additional compensation based on future performance, they also introduce a layer of uncertainty and risk for sellers.
Navigating the Threat of AI on International Democracy and Human Rights
In democratic societies, consensus, trust and shared information are foundational.
Annual Report Late Submission: Max Fine €150
The Department of Registrar of Companies and Intellectual Property announces that according to the Companies (Amendment) Law of 2024…
Delivering Financial Licensing Results with Simplicity
In a recent review of financial service providers across Europe, the Financial Services Review has recognised our law firm as one of the top…
Amendment to the Sale of Property (Specific Performance) Law
Cypriot legislation governs the process to be adhered to in situations where a person passes away without a will and is a resident of Cyprus and when a person dies abroad without a will but at the time of the death, he/she possessed immovable property situated in Cyprus.
Cyprus Tax Residency and Non-Dom for Individuals
As of 2017, an individual is considered a tax resident of Cyprus if they meet either the ‘183-day rule’ or the ’60-day rule’ for the tax year.
Navigating the Administration Process: Handling Deceased Person’s Estate in Cyprus
Cypriot legislation governs the process to be adhered to in situations where a person passes away without a will and is a resident of Cyprus and when a person dies abroad without a will but at the time of the death, he/she possessed immovable property situated in Cyprus.
Fast Track Cyprus Citizenship for Highly Skilled Professionals
In a significant legal advancement, the Cypriot House of Representatives has approved an amendment to the Civil Registry Law, marking a substantial change in the nation’s naturalisation approach.
Ενημέρωση Μητρώου Πραγματικών Δικαιούχων
Το Τμήμα Εφόρου Εταιρειών και Διανοητικής Ιδιοκτησίας (ΤΕΕΔΙ), σε συνέχεια της ανακοίνωσης του ημερομηνίας 8 Φεβρουαρίου 2024, ενημερώνει ότι:
Reduction of Company Share Capital
Share capital refers to the funds contributed by shareholders to establish or expand a company.
Abolition of the Annual Levy for Cyprus Companies
With a decision dated 21/02/2024, the Council of Ministers abolished the annual company fee of 350 euros as an additional measure to support businesses. This decision will take effect from this year.
Greenwashing in the Fund Industry
Sustainability has gained significant traction across various industries, including finance. With growing concerns about climate crisis and environmental degradation, investors are increasingly seeking opportunities to support companies and funds that align with their values.
Navigating Corporate Disputes: The Arbitration and Mediation Perspective
Individuals in the corporate world, often find themselves in deadlocks arising from corporate disputes. Therefore, being able to resolve these conflicts in a timely and efficient manner is a priority for maintaining a strong business continuity.
Ongoing Obligations of a Cyprus Company
Incorporating a Cyprus company is an easy and relatively swift procedure, but what about the obligations regarding tax and statutory reporting?
Cyprus Trade Names
A Tradename, also known as a Business name, is the designation under which an individual or company conducts its business activities, distinct from the legal entity’s registered name.
Why Saudi Investors opt for Cyprus as Their Preferred Destination
Cyprus emerges as a compelling destination for Saudi investors seeking strategic business opportunities.
Establishing a Business Entity in Cyprus
Cyprus is an EU member state and a common law jurisdiction with a legal system similar to that of the UK. It is located at the eastern end of Europe linking 3 continents, Europe, Africa and Asia and it has a long and strong reputation as an international business center.