Insights
Practical commentary on the legal developments that affect businesses and individuals in Cyprus.
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GDPR & Data Protection
Introduction The measures that must be taken to slow the spread of the Covid-19 will inevitably cause disruption for most organisations. The new reality imposed by the current health crisis means many companies’ entire workforce will be working remotely under lockdown measures for weeks, with the possibility that the situation will extend months further into spring… 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
Date of original publication: 15/03/2020. The President of the Republic of Cyprus Nicos Anastasiades has declared Cyprus to be in a state of emergency as a response to the increasing incidents of coronavirus. The announcement came today Sunday 15/03/2020 in a special press conference. As a result there is a general lockdown at all points… Read More
Direct advice. Prompt response.
