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

All matters involving or related to divorce, split of marital assets, maintenance of spouse and/ or children, parental responsibility, adoption and any other issue constituting a family dispute is subject to separate Applications to the Court.  Practically this means, that a person applying for Divorce cannot with the same application apply for split of marital...Read More

The Financial Services Board of South Africa (FSB), now renamed to Financial Sector Conduct Authority (FSCA), is a supervisory body of financial services industry in South Africa under the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS Act). The company that intends to conduct Forex business on a discretionary basis must obtain a...Read More

The Law firm of G. Vrikis & Associates LLC, would like to bring to your attention the recent Announcement of the Department of Registrar of Companies and Official Receiver issued on the 15.03.2019. The above announcement is a follow-up, after the clarification to the Attorney General’s prior Opinion in regard to Article 90 of the...Read More

The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the recent introduction of a new Law which aims to regulation the registration and regulation of the services of sworn translators, including providing guidelines for official translations and related certifications. The new Law was introduced as of the 1st...Read More

The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the resent decision and publication by the Cyprus Securities and Exchange Commission (“CySEC”). CySEC’s dedicated Supervisory Action Plan concerning the FX trading and Binary Option industry intensified supervisory and enforcement efforts between 2015 and 2018, which raised concerns relating...Read More

The Law Firm of G. Vrikis & Associates LLC has been representing numerous clients in their application for Permanent Residence Permits in Cyprus. The below is a brief outline of the key provisions and documentation required for such an application to proceed further. The Permanent Residence Permit – Regulation 6(2), is targeted to individuals who...Read More

Following the decisions of the Council of Ministers dated 13th September 2016 and 21st May 2018 as amended on 13th February 2019 and 6th May 2019, the Cyprus Investment Programme (the “Programme”), which is available to non-Cypriot investors who want to invest in Cyprus wishing to acquire Cypriot citizenship, has been revised. At present, the...Read More

The purpose of this email is to inform you about the requirements of the Cyprus Tax Legislation (Assessment and Collection Law as amended in 2002, article 24) regarding the filing of temporary tax returns and relevant temporary tax payments for the year 2019. Please note that a Temporary Tax Assessment of the estimated net taxable...Read More

  We would like to inform you that the Cyprus Securities and Exchange Commission (“CySEC“) has published an announcement reiterating the legal and regulatory framework applicable to Registered Alternative Investment Funds (“RAIFs“). This has been done in an effort on behalf of CySEC to rectify various announcements and publications made from various RAIFs which contained...Read More