Insights
Insightful Perspectives with Meaningful Impact
Moneyval publishes the Cyprus Risk Assessment of Money Laundering and Terrorist Financing Risks
Moneyval published on 12 February 2020 Cyprus’ comprehensive assessment of the effectiveness of anti-money laundering and countering the financing of terrorism (AML/CFT) system and its level of compliance with the Recommendations of the Financial Action - Read More...
Casual electronic communications at the workplace concerning business issues
Our Data Protection and Cyber Law team discusses a number of legal risks arising from communications at the workplace which do not adhere to proper data and communication policies.
Cyprus Tax Facts and Figures 2020
We are pleased to share our 2020 guide on Cyprus Tax Facts and Figures. This comprehensive and easy-to-use publication is aiming to provide complete, valid and updated information to Cyprus companies and individuals based on the cypriot legislation and tax - Read More...
Amendments to the legislation for “Trapped buyers”
The House of Representatives of the Republic of Cyprus has amended the Transfer and Mortgage of Property Law of 1965 (9/65) (the Law) in 2015, through the introduction of Part VIB of the Law, seeking - Read More...
GDPR violation concerning consent declarations
On 30th July 2019, the Greek Data Protection Authority (the DPA) has published the decision number 26/2019, regarding a company and the processing of its employees’ data. Facts According to the complaint received by the DPA, - Read More...
Registered Alternative Investment Funds
On 31 July 2018, the Cyprus Parliament enacted Law 124(I)/2018 Alternative Investments Funds Law of Cyprus (the AIF law) which allowed for the establishment of a new investment vehicle called Registered Alternative Investment Funds (RAIF).
Recent judgment of the European Court of Justice regarding the framework decision on the EAW
The European Court of Justice delivered a judgment to clarify the question of defining judicial authority competent to issue a European Arrest Warrant, and ruled on the sufficient guarantee of independence required to be regarded as - Read More...
NEWS ALERT: New amendments to the Cyprus Investment Programme
The Ministry of Interior has officially published the new guidelines approved by the Council of Ministers as a part of new changes of the Citizenship by Investment Scheme and in an effort to constitute - Read More...
Cyprus increases social insurance contributions and introduces national health insurance contributions
The Social Security Fund has announced the increase of the employees’ social security contributions as of January 1st 2019 as well as the initiation of the national health insurance contributions as of March 1st, 2019. - Read More...
Update on the Cyprus Investment Programme
Recently, the Cyprus Government, as a part of its efforts for the further improvement of the Cyprus Investment Programme, has established the Committee for Supervision and Control as well as the Registry of Service Providers. - Read More...
Military service update for Cypriot citizens by exception of investment
On 23/05/2014, Council of Ministers issued a decision regarding military service for every person who obtained a Cypriot citizenship by exception of investment. The decision states the abovementioned citizens have no obligation to attend - Read More...