Insights
Practical commentary on the legal developments that affect businesses and individuals in Cyprus.
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Shipping & Maritime
Introduction. Cyprus' geographic location is possibly one of the most strategically important locations in the world, as it lies at the gateway of Europe, Africa, Asia and the Middle East. Therefore, Cyprus is a center where shipowners and investors from all over the world can carry on business in a harmonious and friendly environment. The… Read More
Company & Corporate Law
Cyprus is an ideal destination for EU citizens to open a licensed travel agency due to the favourable conditions, low license fee and low cost of living in general. The licensing authority is the Deputy Ministry of Tourism. The prospective applicant must establish a limited liability company and use that to apply for the licences…. Read More
Citizenship & Cyprus Passport
Conditions that must be met in order to file an application for acquiring Cypriot citizenship based on marriage with a Cypriot. An application can be submitted by foreign spouses of Cypriot nationals, who have completed three (3) years of marriage and two (2) years of residence in the Republic (Cyprus) prior to the date of… Read More
Company & Corporate Law
The obligation to pay the company's special government levy payable every June is suspended and is transferred on the 31th of December 2020. The Companies Law (Amendment) (No. 2) Law of 2020 was published in the Official Gazette of the Republic of Cyprus on April 30, in accordance with Article 52 of the Constitution.
In the context of the measures taken by the Cyprus government to support the companies/businesses that have been negatively affected by the outbreak of COVID-19, the Registrar of Companies and Official Receiver (“RoC”) has announced the following measures: 4th Companies' Compliance Campaign for Submission of Annual Reports Due: The publication in the Official Gazette… Read More
According to Decree 134 of the Minister of Finance dated 30/03/2020 (available in the link below) Legal entities and natural persons may request suspension of loan installments. To facilitate borrowers, we have prepared sample letters that you can use and send to your bank. Click on the links below to download the file. Remove the… Read More
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