The Central Bank of Cyprus (“CBC”) issued a circular (Ref. BS 6020) on 02/11/2018, with the purpose of clarifying and further explaining the vague information and definitions about the so-called “shell companies” and entities in Cyprus and how licensed Financial Institutions should deal with them. This was highly needed as the original circular which was...Read More

The Cyprus Parliament has passed on the 29th September 2017 an amendment to the relevant law, effectively extending the deadline for individuals and corporations and entities to file for any apply for the scheme of settlement of taxes which are in arrears.Read More

Global Legal Insights provides current and practical comparative legal information on a range of practice areas, prepared by prominent Law Firms around the world. We are proud to have contributed to this year’s guide to Commercial Real Estate,Read More

Partnership Law has a long-standing background in Cyprus, but it is worth noting that it has received a notable update in October 2015, by the amendments introduced to the General and Limited Partnership and Business Names Law (the “Law” by the amending Law 114(I)/2015.Read More

A. Introduction The ability of foreign entities to register a Branch in the Republic of Cyprus has been available for many years, and is covered by Section 347 of our Companies Law, Cap. 113 (hereinafter, the “Law”).   Read More

1. Law and Applicability Under Cyprus Law, stamp duty is governed by Stamp Duty Law (19/1963), as amended from time to time (the “Law”). The Stamp Duty Law, under Article.4 (1) therein, provides that the documents specifically named in its first schedule of the Law are subject to stamp duty if the documents:Read More

Introduction The right to attend, speak and debate within a shareholders’ meeting, whether extraordinary or annual, is governed by the provisions of Cyprus Companies Law, Cap. 113, in conjunction with the provisions of the company’s Articles of Association.Read More

As daily life is becoming more and more integrated with the digital world, invariably the business and work environment has followed suit. Under Cyprus Law, personal data is safeguarded and protected under the Processing of Personal Data (Protection of the Individual) Law of 2001 (as amended).Read More

SINCE September 2015, and the adoption of the Immovable Property Transfer and Mortgage Law (Amendment) (No. 10) Law of 2015) (hereinafter, the “Law”), thousands of applications have been made with the District Land Registries in Cyprus by enclaved buyers of immovable property,Read More

Introduction The key starting point when reviewing an Employment issue which has arisen, is to always establish whether the “employer-employee” relationship was established between the persons concerned; this is due to the fundamental factor that all relevant Laws which govern employment issues in Cyprus refer to rights andRead More