The Cyprus tax authorities announced on 24 September 2019 that individuals who had purchased undeveloped building land on or after 2 January 2018 for the sole purpose of constructing a dwelling to be used as their principal and permanent place of residence would be entitled to a partial refund of the VAT paid. VAT originally...Read More

It has been months since the first discussions started in the Cypriot Parliament surrounding expedited eviction and now, it has officially become part of the Rent Control Act 23/1983 as of the 31st of January 2020. What was already part of the Law: The Law provides that any tenant who delays to pay their rent...Read More

Cyprus – Yacht Leasing Guidelines for VAT Matters The Cyprus Tax Authority issued its relevant Circular during the first semester of 2019, to provide guidance as to the implementation of VAT and the way leasing of pleasure yachts will be taxed going forward as well as the procedure to be followed in relation to the...Read More

The British Virgin Islands’ International Tax Authority (ITA) has issued the final Rules on Economic Substance in British Virgin Islands (BVI) setting out the implementation of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the "Economic Substance Act"). The Rules were released on 9th October 2019. The new legislation is a direct response to the...Read More

This document is based on information and Guidelines issued by the Republic of Cyprus and aims to assist all interested parties in comprehending how Cyprus intends to practically implement the provisions of the Withdrawal Agreement concerning residence rights of United Kingdom (UK) nationals and their family members, including family members who are third country nationals,...Read More

Here, we talk about the much discussed topic: GDPR. With it being over a year since the regulation came into effect, we answer the 10 most FAQ questions on GDPR. “People’s personal data is just that – personal. When an organisation fails to protect it from loss, damage or theft it is more than an...Read More

All matters involving or related to divorce, split of marital assets, maintenance of spouse and/ or children, parental responsibility, adoption and any other issue constituting a family dispute is subject to separate Applications to the Court.  Practically this means, that a person applying for Divorce cannot with the same application apply for split of marital...Read More

The Financial Services Board of South Africa (FSB), now renamed to Financial Sector Conduct Authority (FSCA), is a supervisory body of financial services industry in South Africa under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The company that intends to conduct Forex business on a discretionary basis must obtain a...Read More

The Law firm of G. Vrikis & Associates LLC, would like to bring to your attention the recent Announcement of the Department of Registrar of Companies and Official Receiver issued on the 15.03.2019. The above announcement is a follow-up, after the clarification to the Attorney General's prior Opinion in regard to Article 90 of the...Read More

The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the recent introduction of a new Law which aims to regulation the registration and regulation of the services of sworn translators, including providing guidelines for official translations and related certifications. The new Law was introduced as of the 1st...Read More