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Cyprus – Civil Partnership Law

18/03/2016

With the recent adoption of a new law in Cyprus by the House of Representatives of the Republic of Cyprus, which was published and became effective as of the 9th December 2015 under the name “the Civil Partnerships Law, L.184(I)/2015”, it has now become possible that “two heterosexual or homosexual persons“

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Cyprus Companies – Strike-Off from Registrar of Companies’ Registry

12/02/2016

A recent practice, marking a change of policy, of the Cyprus Registrar of Companies and Official Receiver (the ‘‘Registrar’’), having being initiated in late 2014, is to send out notices to Cyprus registered companies, informing them of their non-compliance with their obligation under Cyprus Companies Law, Cap. 113,

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Legal Update (Limited Partnerships)

31/12/2015

Update to the Partnerships and Business Names Law, Cap. 116 – The introduction into Cyprus Law of the “Partnership Limited by Shares” The recent amendment to the aforementioned law, by the adoption and enactment of the amending Law 144(I)/2015, introduces to Cyprus Law the notion of the Partnership Limited by Shares (“PLS”).

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Introduction of “Non-Dom” Rules

31/07/2015

The new non domiciled rules were introduced to further entice corporate executives and high net worth individuals (currently entitled to a 50 per cent tax exemption of personal income tax for a five-year period where income exceeds €100.000) to take up residency in Cyprus.

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