E-Commerce Law In Cyprus

Nowadays, the internet is embedded in almost every aspect of daily and business life. People use Information and Communication Technologies (ICTs) to network, to communicate, to establish business partnerships, to trade, to buy/sell products and services, a.o. Furthermore, the companies use the internet as a medium to advertise their products and services, approach potential new clients and establish trust with current clients and business partners.

According to Eurostat data, in 2016, the percentage of internet use per individual in the EU was 82%¹ and the percentage of individuals using the internet for ordering products or services was 55%². In addition to this, many agreements and business contracts are drafted and executed online. Therefore, there is no doubt that internet became an important component of commercial and business operations.