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ARTICLE · 06 MAY 2020

COVID-19 - Special Temporary Business Measures In Cyprus

Michael Kyprianou & Co. LLC
Michael Kyprianou & Co. LLC
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On 27 March 2020 the Cypriot parliament passed legislation (Law 27(I)/2020) in relation to temporary emergency measures aimed at assisting businesses and private sector employees to cope with the pandemic of the virus COVID-19.

CyprusCoronavirus (COVID-19)
MK Compliance Limited
MK Compliance Limited
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On 27 March 2020 the Cypriot parliament passed legislation (Law 27(I)/2020) in relation to temporary emergency measures aimed at assisting businesses and private sector employees to cope with the pandemic of the virus COVID-19.

On the basis of this legislation the Minister of Labour, Welfare and Social Insurance has the power to provide special benefits for individuals as well as schemes for the support of businesses independently of any provisions to the contrary in any other relevant legislation.

The aim of this article is to clarify the most basic requirements for a business to qualify for either of the Special Schemes already issued by the Minister, either for the Partial or for the Complete Suspension of the Operation of a Business.

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