Το δίκαιο, με σαφήνεια.

Εταιρικό & Εμπορικό Δίκαιο

How to set up an NGO in Cyprus.

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

• Clubs
• Foundations
• NGO
• non governmental organizations

Εταιρικό & Εμπορικό Δίκαιο

Crypto Asset Services Provider (“CASP”) in Cyprus.

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

Εταιρικό & Εμπορικό Δίκαιο

What is a share pledge agreement under Cyprus law.

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

Εταιρικό & Εμπορικό Δίκαιο

Suspension of access to the Register of Beneficial Owners for the general public

The Registrar of Companies has today (28/11/2022) anounced that following the judgment of the the Court of Justice of the European Union (CJEU), 22/11/2022, in joined cases C-37/20 and C-601/20, access to the Register of Beneficial Owners for the general public is suspended as from 23/11/2022. The Registrar notes that the obligation of companies and partnerships… Read More

• TheUBORegistry

Εταιρικό & Εμπορικό Δίκαιο

The CJEU strikes a blow to the UBO public registries.

The Court of Justice of the European Union in a judgment delivered on 22/11/2022, in a preliminary ruling, decided that the provision whereby the information on the beneficial ownership of companies incorporated within the territory of the Member States is accessible in all cases to any member of the general public is invalid. This is… Read More

• TheUBORegistry
• UBOs

Εταιρικό & Εμπορικό Δίκαιο

The UBO Registry. Update by the Registrar of Companies -25/07/2022

The Registrar of Companies provided an update on 25/07/2022 as regards the operation of the UBO Registry. The anouncement states that the operation of the Interim Solution for submission of the beneficial owners information in the Beneficial Ownership Register will continue after the deadline of 31/07/2022 and until the Final Solution is implemented the date… Read More

• Beneficial owners
• TheUBORegistry