Insights
Insightful Perspectives with Meaningful Impact
Cyprus enacts the 5th Anti Money Laundering Directive Introducing Crypto Assets
The enactment of the 5th Anti Money Laundering Directive via amendment of Law 188(I)/2007 constitutes the introduction of mandatory crypto assets regulation in Cyprus. In light of further emerging national and European regulation, a balance - Read More...
Circular no. C417 on Crypto-Asset Investment: Our Verdict
CySEC has published circular C417, which is addressed to Cyprus Investment Firms, and contains guidance on investment in crypto-assets. Though undeniably significant, C417 does not constitute but guidance written in non-mandatory language, and may contribute - Read More...
Developments on penalties imposed on financial institutions for GDPR violations in Cyprus
This article discusses the decision of the Commissioner for Personal Data (Commissioner) issued on 17th June 2020, through which a fine in the amount of €15.000 was imposed to a Bank for violation of several - Read More...
The issuance of a charging order and an order for sale of the charged asset
The issuance of a charging order comprises an alternative means of enforcement which is accompanied by an order for sale of the charged asset under the Law on Charging Orders of 1992 (31 (Ι)/1992) (the - Read More...
Bill on the Issuance of Government Guarantees
Due to the prolonged effects of the pandemic on the economy, it was considered that the present conditions require the promotion of the measure of granting loans with government guarantees.
Moratorium on loan repayments
As the second phase of the pandemic started to affect our country and the implementation of additional measures by the Cypriot Government to end it, the need for a new moratorium to protect certain categories - Read More...
The 6th AML Directive – What changes in the fight against money laundering
On 12 November 2018, the European Parliament published the 6th AML Directive (AMLD6), bringing into force further rules against money laundering, which Member States are required to transpose into national law by 3 December 2020.
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...
Walder Wyss Transaction Summit
Our senior associate, Andrea Newton, attended the Walder Wyss Transaction Summit which took place in Zurich and Engelberg from 23 – 25 of January 2020.
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).
Cyprus Tax Facts and Figures 2019
We are pleased to share our 2019 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 practices. - Read More...