How UK Insurance Brokers Can Obtain a Cyprus Insurance License and Passport to the EU Are you a UK-based insurance brokerage firm looking to access the EU market post-Brexit? Cyprus offers a strategic, cost-effective route to obtaining an EU-recognised insurance broker license through the Superintendent of Insurance. Our law firm has successfully advised and guided… Read More
A company is a legal person. As such it has what is called “perpetual succession”. In other words it never dies. The question offers arises how a company can be dissolved or be “killed”. In most common law jurisdictions there two methods: One is called “strike-off” and the other "liquidation". We shall examine each in… Read More
A Cyprus company is can be liquidated in two ways: By voluntary and involuntary liquidation. Voluntary liquidation. Voluntary liquidation can take two forms: voluntary liquidation by shareholders or voluntary liquidation by creditors. This article examines the procedure for voluntary liquidation by shareholders i.e. where the shareholders of a company decide voluntarily to dissolve the company. Fo
What is a non governmental organization (NGO) The term non governmental organization, in short NGO,( or a non profit company or non profit foundation), is not defined anywhere, but it typically refers to a voluntary group or institution with a social mission, which operates independently from the government. Such entities are by nature, non profit…. Read More
Introduction If you are a Crypto Asset Services Provider (“CASP”), within the meaning of the Prevention and Suppression of Money Laundering and Terrorist Financing Law (“AML/CFT Law”), that provides services in or from Cyprus, you must formally register with the Cyprus Securities and Exchange Commission (“CySEC”). A Crypto asset service provider, as defined under 2(1)… Read More
Under Cyprus law, a pledge of shares refers to the granting of a security interest in shares of a company as collateral for a debt or other obligation. It involves the transfer of legal title of the shares to the creditor (pledgee) while the economic ownership and voting rights generally remain with the pledgor (debtor)…. Read More
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