Introduction to Relevant Laws Under Cyprus Law, there are three main Acts which govern the field of Wills and Succession. These are as follows:Read More

Introduction A usual occurrence for practicing corporate lawyers, as well as persons involved in the day-to-day running of companies and corporations, is an enquiry from shareholders to the effect whether they can propose the appointment of directors which they think best to act as such.Read More

In mid-2015, the Wills and Succession Law, Cap. 195, was amended in Cyprus, with the amendments having a particular impact mainly on British persons and other Commonwealth-country individuals who have immovable property in the Republic of Cyprus as the “forced heirship” rule exemption is now abolished.Read More

The Cyprus Securities and Exchange Commission (hereinafter “CySEC“) has issued a circular to Cyprus Investment Firms (hereinafter “CIFs“) which are under its regulatory framework, regarding the provision of services in relation to binary options.Read More

With the recent adoption of a new law in Cyprus by the House of Representatives of the Republic of Cyprus, which was published and became effective as of the 9th December 2015 under the name “the Civil Partnerships Law, L.184(I)/2015”, it has now become possible that “two heterosexual or homosexual persons“Read More

With the recent adoption of a new law in Cyprus by the House of Representatives of the Republic of Cyprus, which was published and became effective as of the 9th December 2015 under the name “the Civil Partnerships Law, L.184(I)/2015”, it has now become possible that “two heterosexual or homosexual persons“Read More

A recent practice, marking a change of policy, of the Cyprus Registrar of Companies and Official Receiver (the ‘‘Registrar’’), having being initiated in late 2014, is to send out notices to Cyprus registered companies, informing them of their non-compliance with their obligation under Cyprus Companies Law, Cap. 113,Read More

Update to the Partnerships and Business Names Law, Cap. 116 – The introduction into Cyprus Law of the “Partnership Limited by Shares” The recent amendment to the aforementioned law, by the adoption and enactment of the amending Law 144(I)/2015, introduces to Cyprus Law the notion of the Partnership Limited by Shares (“PLS”).Read More

The new non domiciled rules were introduced to further entice corporate executives and high net worth individuals (currently entitled to a 50 per cent tax exemption of personal income tax for a five-year period where income exceeds €100.000) to take up residency in Cyprus.Read More