Few years after the approval by the Council of Ministers of the
draft law "On the development and maintenance of a
registry of social enterprises" and its subsequent
submission to the competent committee of the House of
Representatives under the name "The Social Enterprises Law
of 2020", the long-outstanding proposed bill has passed
into the much-awaited law and published to the official gazette of
the Republic of Cyprus on 23/12/2020 ("the Social
Enterprises Law").
Prior to outlining the framework reflected in the Social
Enterprises Law, it would be an oversight not to refer, even
briefly, to the origin of the Social Enterprises Law.
Origin of Social Enterprises Law
As one might expect, the Social Enterprises Law derives its
origin from a European action planning and in particular the social
business initiative ("SBI"), which was
communicated by the Commission to, amongst others, the European
Parliament and the Council, aiming in promoting a highly
competitive
