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Updates
Cyprus Parliament
We would like to update you that the Cyprus Parliament, in response to the ongoing emergency relating to the COVID-19 Virus, has passed the following laws and/or amendments to existing laws, in an effort to provide fiscal assistance to citizens and businesses. The decisions were passed on Friday 27/03/2020 and shall take effect upon publication...
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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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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...
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The British Virgin Islands’ International Tax Authority (ITA) has issued the final Rules on Economic Substance in British Virgin Islands (BVI) setting out the implementation of the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the “Economic Substance Act”). The Rules were released on 9th October 2019. The new legislation is a direct response to the...
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Does the duty to disclose all material evidence in regards to a criminal charge apply in private prosecution? The Supreme Court has upheld a recent trial Courts decision, in its decision dated 09.10.2019 holding that a private prosecutor is not obligated to grant access to the material evidence of a criminal case to the Accused....
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This document is based on information and Guidelines issued by the Republic of Cyprus and aims to assist all interested parties in comprehending how Cyprus intends to practically implement the provisions of the Withdrawal Agreement concerning residence rights of United Kingdom (UK) nationals and their family members, including family members who are third country nationals,...
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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...
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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...
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