CYPRUS: START-UP VISA SCHEME REVISED
The Cyprus Deputy Ministry of Research, Innovation and Digital Policy, announced on 19 December 2024 that a revised star-up visa has been approved. This revision has as its primary strategic goals the enhancement of innovation and the development of the local entrepreneurship ecosystem. The Cyprus star-up scheme is now more effective, flexible and attractive, contributing …
Important Changes to the Beneficial Owners’ Register in Cyprus
IMPORTANT CHANGES RELATED TO THE BENEFICIAL OWNERS’REGISTER Just a couple of weeks before this year comes to an end, the Cyprus Parliament made a very important decision to amend the Prevention and Suppression of Money Laundering and Terrorist Financing Laws of 2007 (Law 188(I)/2007), as amended until 2024 (the “Law”).
Cyprus Digital Nomads: Applications Now Open
Cyprus Digital Nomads: Applications Now Open The Cyprus migration department has announced that it once again accepts applications for residence permits through the Cyprus Digital Nomad Visa scheme.
Is Cyprus still an attractive destination for Family Offices?
During the last few years, family offices worldwide, encountered a number of challenges and had to deal with the rising of new trends. Such trends and challenges are spanning from geopolitical changes, the imposition of sanctions and restrictive measures, greater demand for transparency and reporting, to the rapid change of technology, the increasing investment in …
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Cyprus: An attractive, promising forum for dispute resolution
Cyprus has emerged as a promising, prominent destination for business and litigation alike. Nowadays, when it comes to the strategic selection of jurisdiction, Cyprus is considered one of the key players in international dispute resolution and in international corporate structuring.
Estate planning: Let’s discuss Digital Assets
Imagine a situation where someone owns cryptocurrency in a self-custodial wallet (where no third-party provider is involved). The value of their crypto assets may be quite substantial. This individual, passes away and there is no provision in their will for their digital assets. Their heirs can only access the cryptocurrency by having the private key. …
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Presentation at the International Bar Association conference “Litigating in the middle east” Feb 2025
There is an inevitable and pressing question that litigators entrusted with promoting an action have to answer, right after they receive their initial instructions:
How to Choose the Right Bank for Your Business — and Why It Matters
We’ve all seen the recent news about a bank being fined for deficiencies in its anti-money laundering (AML) procedures.
The Tax Tribunal vindicates Antonis Askanis Ltd
In a landmark decision, the Tax Tribunal vindicated Antonis Askanis Ltd by annulling a VAT assessment of €1,261,344 imposed by the Tax Commissioner.
QUESTIONNAIR
Legislation 1. What domestic legislation enables economic, financial and trade sanctions to be implemented in your jurisdiction?