The end of an era? UK non doms should consider moving to Cyprus
With the unveiling of the UK budget on 30th October came the confirmation that the current tax treatment for UK resident non-domiciled individuals (non-doms) will be abolished from 6 April 2025.
Sanctions adopted following Russia’s military aggression against Ukraine.
The European Union (EU) continues to adopt further packages of economic sanctions against Russia due to the continuance of its military aggression against Ukraine, the latest of which are summarised below.
ARTICLE ON REPORTING OBLIGATION UNDER ARTICLE 5R OF COUNCIL REGULATION (EU) 833/2014 (“Regulation 833”)
New reporting obligations, following the addition of Article 5r of Council Regulation (EU) No. 833/2014 through the 12th EU package of economic and individual sanctions against Russia (the “EU Sanctions”) due to its military aggression against Ukraine, were issued on 18th of December 2023.
ARTICLE ON 6th – 10th EU SANCTIONS PACKAGES
In reaction to Russia’s military intervention against Ukraine the European Union (EU) adopted sanctions against Russia. In particular, the EU has adopted a wide range of restrictive measures against Russian individuals and entities in order to cripple Russia’s ability to finance the war and to impose painful costs on Russia’s political elite responsible or otherwise instrumental …
Continue reading “ARTICLE ON 6th – 10th EU SANCTIONS PACKAGES”
Sanctions adopted following Russia’s military aggression against Ukraine.
In reaction to Russia’s military intervention against Ukraine the European Union (EU) adopted sanctions against Russia. In particular, the EU has adopted a wide range of restrictive measures against Russian individuals and entities in order to cripple Russia’s ability to finance the war and to impose painful costs on Russia’s political elite responsible or otherwise …
Continue reading “Sanctions adopted following Russia’s military aggression against Ukraine.”
The novel registration of Crypto-Assets Service Providers in Cyprus
A very significant and ground-breaking step has been taken by the Cyprus Securities and Exchange Commission (“CySEC”) to regulate certain activities concerning crypto assets as a result of the transposition of the 5th Anti – Money Laundering Directive (the ‘’AML Directive’’) into the national legislation.