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For vessels registered under the Cyprus flag on or after 18 January 2017, an amended form of DMLC Part I will be issued.

The Transparency Requirements Law, Law 190(I)/2007 took effect on 1 January 2008.

As a general rule, a charge created by a Cyprus company conferring security on the company’s property or undertaking constitutes a charge registrable under Section 90 of the Companies Law CAP 113. Following the enactment of Law N99(I)/2009 a pledge of shares of a Cyprus company is no longer required to be registered under CAP 113 for perfection purposes.

We specialise primarily in Corporate and Commercial Law, and advise clients on all aspects of international and commercial activity.

Cyprus is known for its location at a great crossroads able to entice investors from Eastern Europe, Asia, Africa or the European Union.

Cyprus offers an ideal location to establish a company for general trading; a number of those are described below.

The Protection of Cyprus Ships Against Acts of Piracy and Other Unlawful Acts Law 2012 restricts the provision of private security services on board Cyprus ships to contractors approved by the DMS.

The European Parliament and the Council of the European Union on 20 June 2019 decided to amend the existing Directive in regards to the rules and procedures on the formation of companies, registration of branches, ...

Despite being among the smallest countries in terms of area and population, Cyprus has developed into one of the world's most important financial and business centres.

Cyprus has recently made a number of amendments to the Companies Law, directed at modernising its provisions and improving Cyprus’s competitiveness as a centre for international business. The main changes are summarised below.

CySEC has revised its threshold criteria for determining which firms are deemed to be significant and has set them out in a new circular.

Under Cyprus law, and specifically the Companies Act, Cap 113, a creditor, whose claim has matured and remains unsettled can apply to the District Court for an Order that the company be liquidated.