Purchasing property in Cyprus can be an exciting venture, whether you’re looking for a holiday home, a rental investment, or a permanent residence. However, navigating the real estate market requires thorough due diligence to ensure a sound investment. Here’s a...
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Can Trump’s pro-crypto policies alter the banking spectrum of the industry within EU?
On Saturday July 27th, Trump addressed the largest annual cryptocurrency conference in Nashville not as a skeptic but as one of its most prominent advocates, marking a complete turnaround during his latest campaign for the White House. Despite the recent challenges...
MiCA MARKS THE BEGINNING OF A NEW ERA FOR CRYPTO-ASSETS REGULATORY FRAMEWORK IN THE EU.
The Markets in Crypto – Assets Regulation (MiCA) entered into force in July 2023. It was adopted by the European Parliament and EU Council as per the proposals of the Commission according to Article 114 of the TFEU. The regulation covers crypto - assets that are not...
New Criteria for the Permanent Residence Reg. 6(2) program as of 24th April 2023
On the 27th April 2023, the Civil Registry and Migration Department announced the new amended requirements for the submission of applications for permanent residence permit Reg. 6(2) to be submitted on the 02/05/2023 onwards. The main amendments to the criteria...
Asset protection of beneficiaries in Trusts against claimants
In this article we would like to analyze several key parameters related to the Chabra injunction. In essence it is a freezing order, granted under article 32(1) of the Courts Law L.14/60, but oposed to a Mareva injunction, it is directed to a third party which is not...
Rights of Landlords vis a vis statutory tenants
In this article we will focus on rights of landlords vis a vis their statutory tenants (tenants who have renewed the initial rental period in consensus with the landlord and continue to maintain, legally, possession of the property) according to the Rent Control Law...
Why invest in Cyprus Property now
The best time to invest in Cyprus Property is now. After its economic collapse, Cyprus is emerging as one of the best destinations for value property investing. The government is working hard to attract foreign investments offering generous incentives including Cyprus...
Partnership Announcement: PAHALAW & XEROF
We are proud to announce a new partnership with XEROF, a Swiss regulated crypto friendly gateway for real estate and OTC exchange. XEROF is a VQF/ FINMA regulated crypto exchange brokerage in Switzerland and in collaboration with its custodian bank Maerki Baumann Co....
So, how is crypto taxed in Cyprus?
In this article we will be explaining various tax implications related to cryptocurrencies regarding the applicable tax regime in Cyprus in order to assist the public to grasp a basic idea of its tax exposure when submitting its annual tax returns whether on a...
CySEC issues license for Crypto Asset Service Providers “CASPs”.
With reference to the above-mentioned subject, we would like to bring to your attention the Directive (R.A.D. 269/2021) which has been issued by the Cyprus Securities and Exchange Commission (the “CySEC”) on the 25th of June, 2021 as per article 61E of the Prevention...