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...Read More
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...Read More
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...Read More
The Cyprus tax authorities announced on 24 September 2019 that individuals who had purchased undeveloped building land on or after 2 January 2018 for the sole purpose of constructing a dwelling to be used as their principal and permanent place of residence would be entitled to a partial refund of the VAT paid. VAT originally...Read More
It has been months since the first discussions started in the Cypriot Parliament surrounding expedited eviction and now, it has officially become part of the Rent Control Act 23/1983 as of the 31st of January 2020. What was already part of the Law: The Law provides that any tenant who delays to pay their rent...Read More
