Introduction of the Register of Beneficial Owners and Trusts As of the 16 December 2020, Cyprus has initiated the beneficial owners register for Cypriot companies and other legal persons registered in Cyprus. Following that, Cyprus is completely adhering into Directive (EU) 2015/849 law on the prevention of the use of the economic system for the...Read More
Exchange of Information from the Criminal Record between EU countries EU Council Framework 2009/315/JHA of 26 February 2009 regulates the organization and content of the exchange of information from the criminal record between Member States. The Framework Decision comprises the general principles for the operation of the exchange of criminal records between EU countries, together...Read More
Introduction of new rules governing derivatives on virtual currencies – Cryptocurrencies The Cyprus Securities and Exchange Commission (CySEC) issued for the first time regulations regarding cryptocurrency, which can be found in Circular C417, published in the end of November 2020. These rules have as a main aim to safeguard that Cyprus Investment Firms (CIFs), make...Read More
Covid-19 measures FAQ’s The Below relates to the Measures in Effect between 10th January 2021 to 31st January 2021 A. Movement: What are the curfew hours? Movement is prohibited from 9.00 in the evening until 5 in the morning of the following day. 2.Under which circumstances is one allowed to move during curfew hours (9...Read More
Citizen’s Movement by Exception COVID-19 measures As of Sunday, 10 January 2021, at 5:00 a.m., the Deputy Ministry of Research, Innovation and Digital Policy puts at the disposal of the citizens the following two (2) methods to obtain authorisation for movement by exception: SMS to 8998, free of charge Structure of message: X (number corresponding...Read More
