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Global recognition for Harris Kyriakides Insurance Practice
General guidelines for traffic accident cases in Cyprus
Any user of the road, being a driver, passenger, cyclist or pedestrian, is entitled to compensation for sustained injuries, provided that the accident was the fault of someone else. A victim or the victim’s family - Read More...
Harris Kyriakides wins recognition in Corporate Real Estate
Cyprus introduces tax free period in regard to property transfer fees
Pursuant to an amendment introduced on the 3rd of November 2011 by the Cyprus Parliament, Cyprus has now abolished the payment of transfer in regard to real property transactions. This measure, aiming to stimulate - Read More...
Cypus new legislation for incentives on prompt settlement of outstanding tax liabilities
On 24 November 2011, the Cyprus Parliament voted on a new law which provides for incentives on prompt settlement of outstanding tax liabilities. The incentives are given in the form of a waiver of - Read More...
EU proposal for a European Bank Account Preservation Order
The European Commission has recently proposed to introduce an EU-wide freezing order known as a European Account Preservation Order (EAPO) to ease the recovery of cross-border debts for both citizens and businesses. The Regulation would - Read More...
High net worth individuals eligible for Cyprus citizenship
The Cyprus Government continues to consider high net worth investors making substantial investments in Cyprus under special circumstances for granting passport or citizenship. In this respect, the Ministry of Interior has recently approved new criteria - Read More...
Fast track residence permits for purchasers of immovable property in Cyprus
The Government of Cyprus has introduced a new policy which provides favourable treatment on applications of third country nationals who purchase private residence in Cyprus, the value of which is equal to or above the - Read More...
Family Courts are given powers to grant remedies against non spouses
According to recent decision of the Supreme Court of Cyprus, Family Courts will now have jurisdiction to deal with property disputes, between couples, which concern any contribution of the parties to any property, even - Read More...
Agreement for the avoidance of double taxation between Cyprus and Qatar
Cyprus and Qatar have completed the required procedures for the entry into force of the agreement for the avoidance of double taxation between Cyprus and Qatar, which was signed on the 11th of November - Read More...
Overturn of cartel conviction for Petrolina
The Supreme Court has unanimously overturned a decision by the Competition Commission (CPC) to fine four fuel companies close to €43 million for collusion, after finding that the chairman of the CPC had been appointed - Read More...
OECD Model Tax Convention: a discussion draft on the meaning of “beneficial owner” is released
The OECD Committee on Fiscal Affairs (CFA) invites public comments on draft changes to the Commentary on Articles 10, 11 and 12 (http://www.oecd.org/dataoecd/49/35/47643872.pdf) of the OECD Model Tax Convention concerning the meaning of the - Read More...