Government Approves Tax Incentives To Attract Talent And Promote Headquartering
Staff relocating to Cyprus earning more than €55,000 will benefit from a 50% tax exemption on their salary
Digitalization in Cyprus: Opportunities, Challenges and the Legal Sector
There is an ongoing race at the national and international, regulatory and private sector levels, to take advantage of the increasing demands for digitalization and acquire a first mover advantage in those sectors where digitalization is having the most impact. The heavily digitally-influenced reality that many countries and industries have had to rapidly adapt to, …
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The Film Industry in Cyprus – A Blooming Sector
The film industry constitutes a complex and ever-flourishing sector in the global economy. The industry’s operation occupies multifaceted stages, engages a selection of distinct stakeholders and experts and presents plenty opportunities for all parties who choose to get involved. Committed to boosting this highly promising sector, the government of the Republic of Cyprus introduced a …
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Asset Tokenization: Trends & Developments in Cyprus
Asset tokenization constitutes a relatively new process. Yet, it has been receiving increasing levels of attention across several jurisdictions, with positive indications as to its ability to revolutionize the way different assets are held, traded and used.
A Guide on Legal Developments and Government Initiatives in Cyprus
Following the 2007-2009 global financial crisis, the financial services sector has been subjected to a process of intense regulatory overhauling, leading to many of the complex laws that are applicable today in relation to funds, banks, investment and insurance firms. In the context of this legal and regulatory reshaping, new entrants have made their appearance, …
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Overview of recent developments amid Covid-19 pandemic
This note seeks to provide an overview of some of the key recent developments in the area of competition law with regards to the challenges brought about by the Covid-19 pandemic (“the pandemic”) and the disruption induced by digitalization and online marketplaces.
Rejection of Applications and Revocation of Cyprus Citizenship
The Cyprus Investment Program seemed problematic from the beginning and even the amendments could not save and protect the abuse of the Program. The Cyprus Government decided to terminate the Program with final submission date the 30th of October 2020 after amending the Law regulating the Citizenship by Investment Program. The new policy of the …
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An Update on the Central Register of UBO(s) in Cyprus
Globally, it has been highlighted the importance and the need for extended transparency, in business and corporate entities, to combat money laundering, terrorist financing and more generally, the abuse of the financial systems by criminals.
COVID-19 and Contractual Obligations
Force Majeure & the Doctrine of Frustration in Cyprus Law Introduction The recent outbreak of Covid-19, which the World Health Organisation classified as a pandemic, has brought to the fore significant issues for businesses. The disease has a profound impact on the performance of businesses and their underlying contractual relationships.
Merger Announcement STELIOS AMERICANOS & CO LLC And CH. P. SAVVIDES & ASSOCIATES LLC
Our Family Grows Ch. P. Savvides & Associates LLC is a highly reputable, young and energetic law firm based in Nicosia actively involved in Financial & Investment Regulatory Compliance, Litigation & Insolvency, Corporate Law and a pioneer in providing legal advice for innovative technology business ideas and Blockchain.