The Cyprus Council of Ministers has approved on the 13th of September a number of changes to the scheme of acquiring the Cyprus Citizenship y investment, coming finally in line with the general strategy of the government to further attract foreign direct investment...
The implementation of the Lands and Surveys Department (Fees and Rights) (Amendment) (No 2) Law on the 14th July 2016 has made the reduction of the Property Transfer Fees by 50% permanent. The decision was taken following the pack of measures launched by the...
On March the 29th of year 2016, Cyprus became a witness to an act of air piracy, or “unlawful seizure” as it is known in legal terms, on Egyptair flight 181, which was operating a domestic flight within Egypt, where an Egyptian national unlawfully seized (hijacked)...
Re-Domiciliation of foreign companies in Cyprus: Process & Benefits Re-domiciliation of companies in and out of Cyprus became possible on the 28th July 2006, when the House of Representatives enacted the Law 124(I)/2006 which amended the Companies Law Cap. 113 and...
The Civil Registry and Migration Department (CRMD), in a continuous effort to reform the old and outdated application and filing procedures for the issuance of a residence permit in Cyprus, announced that as from February 2016 the Art 18 FZ(7) of the Aliens and...
Currently very few AIFs operate in Cyprus. However demand as well as desire for their incorporation and set up and onwards management is growing day by day. An asset for both foreign investors looking to establish a Fund in Cyprus as well as High Net Worth Individuals...
The EU internal market consists of four basic freedoms being: A. free movement of goods B. free movement of capital C. free movement of services D. free movement of persons These freedoms can be sub categorized to correspond to specific fields and effectively there...
Europe’s coordination of Social Security Coverage has enabled EU citizens to secure their rights and benefits in any EU Member State they choose to live, work or both. The EU rules on social security coordination apply in the EU, Iceland, Liechtenstein, Norway and...
The Social Insurance Rights of the nationals of every country who emigrate or are employed temporarily abroad can be secured through special provisions of the national legislation of the country they reside, bilateral or multilateral agreements on social security and...
Moody’s has recently made warnings and caution regarding the dangers involved if the Parliamentary Committee on Financial and Budgetary Affairs follows the report held out by the Cyprus Central Bank ("CBC") which seeks solutions in converting all non-performing...
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