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...
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...
Cyprus as a full member of the EU is indeed a favorable jurisdiction to set up a Company for the purpose of such trading activities including crypto currencies due to its low corporate tax, being 12,5% on gross income annually. Companies can further take advantage of...
At PARPARINOS & HADJIPANAYIS LLC, we constantly strive to be ahead of times and follow all regulatory, tax, banking and legislative developments across EU, worldwide and Cyprus to be in position to best advice interested parties while providing turnkey solutions,...
The European Commission has recently issued a draft proposal [https://ec.europa.eu/finance/docs/law/200924-crypto-assets-proposal_en.pdf] for a potential and upcoming Regulation of the European Parliament and of the Council on Markets in crypto-assets (MiCA) with the...
In a recent high profile case (C-260/18) adjudicated by the first instance court of Warsaw, Poland, a preliminary question was forwarded to the European Court of Justice on the 03/10/2019 to decide on a number of questions regarding the effect of abusive consumer...
This article addresses the provisions of the Wills and Succession Law, Cap 192 regarding the right of UK citizens to freely dispose their estate via a Will that has been concluded prior to 2015 and how the recent amendment to the Legislation [(96(I)/2015] has affected...
The EU Trademark Regulation grants no express benefit to any trademark registered outside the European Union. Effectively, in the post Brexit era, UK national trademarks shall no longer enjoy protection from third-party counterfeiting, passing-off, unauthorized use,...
With the current developments on a soft – article 50 (Treaty of Lisbon) based Brexit and talks taking place on a hard Brexit (following the Commons defeat of Theresa May's Brexit Withdrawal Agreement by a stunning margin of 230 votes on January 15), the FCA has...
Μέχρι πρόσφατα, ένας δανειστής με απαίτηση έναντι οφειλέτη που κατοικεί σε κράτος μέλος της Ε.Ε., έπρεπε πρώτα να ολοκληρώσει με επιτυχία μια αστική αγωγή κατά του οφειλέτη. Μόνο τότε μπορούσε να εκδωθεί ευρωπαϊκός εκτελεστός τίτλος βάσει του κανονισμού 805/2004 της...
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