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Announcements
Provides tax incentives for reduced rent
On 2 June 2020, an amending Income Tax Law was published in the Official Gazette with respect to tax relief on rental income. The amendment was voted to support the Cyprus economy following the COVID-19 outbreak and provides a tax incentive to landlords (individuals or companies) to voluntarily reduce the rent charged to tenants. According to...
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Zeta Emilianidou
Following the issue of Regulations ΚΔΠ 5229-5233 and ΚΔΠ 5239, the Minister of Labour, Welfare and Social Insurance issued on 2nd May 2020 Regulations ΚΔΠ 5257-5261 extending the provision of Special Leave Benefit for the care of children, the Special Sickness Benefit, the Special Benefit for Self-Employed and the Special Unemployment Benefit under the Special...
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Admiralty & Shipping Law
The Shipping Deputy Ministry (SDM), in an effort to support shipping companies and owners of Cyprus ships and to enable them to address the difficulties encountered due to the wide spread of the coronavirus outbreak, has decided to extend the date of payment of the Cyprus Registry Maintenance Annual Fee and the tonnage tax of...
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We would like to update you that the inter-ministerial Committee which met ton the 23/03/2020 under the President, decided to authorize the Minister of Health to publish a Decree with the following measures: Ban on unnecessary movement from 06.00 PM of March 24, 2020 until April 13, 2020, except: Transfer to and from the workplace....
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The following emergency measures have been taken by the Department of the Registrar of Companies and Official Receiver in Cyprus as of the 23/03/2020: The procedure for conformity as to filing of outstanding Annual Reports is postponed, and the Registrar of Companies shall not be proceeding with any publications for the three (3) month notice...
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Financial Support Package by Cyprus Government
The below form the key elements of the “Support Package” in terms of financial assistance announced by the Cyprus Government on 15/03/2020: Granting of “Special Leave of Absence” to parents working in the Private Sector, so that they can take care of their children up to the age of 15 (up to the 3rd Grade...
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Employer and Employee Rights and Obligations under the COVID-19 Virus
Upon receiving multiple enquiries from our clients and other interested parties relating to rights and obligations of both employers and employees in Cyprus, in light of the outbreak of the COVID-19 virus, we set forth below the current position as at the time of writing (14th March 2020) on the legal aspects of some of...
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As of 03/08/2018, G. Vrikis & Associates LLC was entered into the Registry of Service Providers for the Cyprus Investment Programme. The Council of Ministers established the Committee for Supervision and Control and well as the ‘’Registry of Service Providers for the Cyprus Investment Programme’, whereby only Service Providers that are included in the ‘Registry’...
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The law firm of G. Vrikis & Associates LLC recently celebrated its opening in a second location, in Limassol, Cyprus. The firm was founded in 2015 by Mr. George Vrikis, and has recently celebrated the addition of a new Partner to the Law Firm, Mrs. Christiana Kouppi. The firm hosted an intimate gathering of friends,...
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It gives us great pleasure to be able to introduce a valuable addition to our team, Mrs. Christiana Kouppi, who joined us in 2017 and was promoted to Partner as of late 2018, whilst at the same time assuming the position of the Head of our Limassol Practice. Christiana graduated from the University of LaTrobe...
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