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The integration of Corporate Social Responsibility (CSR) policies into a business is not only an ethical choice but also a strategic decision that can yield significant long-term benefits.

The strategic location of the island of Cyprus and its considerable wealth in ancient times have made it subject to occupation by several different nations and civilisations.

In an Extraordinary General Meeting of the Cyprus Parliament on 13 October 2020, the Council of Ministers has voted and decided to cancel the Citizenship by Investment Programme

Crowdfunding is an alternative method to banking financing through which small and medium enterprises ("SMEs") can access funding. This can happen mainly through small contributions by many investors.

CySEC has issued Circular C.346 (available in English here) addressed to Cyprus Investment Firms, UCITS and their Management Companies

On the 10th of February 2022, CySEC published a new Circular C487 redefining the threshold criteria for determining which Cyprus Investment Firms (CIFs) are considered as ‘Significant CIF'.

Suspension of payments of instalments (including the interest) for loans (including syndicated loans) to financial institutions (financial institutions' includes banks

The acquisition of a business undertaking in Cyprus may result in the automatic transfer of employees of that undertaking to the acquiring undertaking under the Preservation...

Eurofast would like to bring to your attention that the deadline for the payment of the Annual Levy for 2021 has been extended from 30 June to 31 December 2021 without the penalty charge of 10% or 30%.

Following the introduction of the bail-out package agreed between the European Union, the European Central Bank and the International Monetary Fund on the one hand and the Cyprus government on the other, the two largest banks in Cyprus will be merged and considerably downsized.

Parliament has voted to defer the date from which new penalty rates will be applied to companies that fail to file their Annual Return documentation (HE32) within the prescribed time frame.

Further to the lengthy consultation between the competent authorities, the Cyprus partnership law has finally been amended by Law No.144(I)/2015 introducing the long awaited Partnership Limited by Shares ("LPS").

Considering starting up a business entails many different aspects.

Following our legal update of 20 September 2023 (Register of Beneficial Owners – Upcoming implementation of final system solution and imposition of fines), we would like to inform our...

As we informed you late last year, the Council of Ministers decided to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation. The registry development has been...

The Law firm of G. Vrikis & Associates LLC, would like to bring to your attention the recent Announcement of the Department of Registrar of Companies and Official Receiver issued on the 15.03.2019.