836 results found

The regulation of trustee and company service providers has long been a topic for debate in Cyprus.

Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment,

The Cyprus Securities and Exchange Commission ("CySEC") has issued a summary of the changes to passporting arrangements and conditions governing the provision of investment services...

A recent judgment of the Admiralty Court is a useful reminder of the need to prove a claim in in rem proceedings.

A considerable part of Dmitry Rybolovlev's fortune in Cyprus, in the form of deposits at the BoC and an investment of 500 million euro in shares, has been lost.

Regular training programs for staff on compliance and regulatory changes are essential for maintaining an informed and compliant workforce.

A new classification system will be introduced based on the activities, systemic importance, size and interconnectedness of the investment firms.

1. Mr. Petros Ioannides, who has been appointed as liquidator (the "Liquidator") of the branch of FBME Bank Ltd in Cyprus (the "Branch") pursuant to the order 123/2019 of the Nicosia District Court

The Cyprus Court of Appeal's recent decision in Civil Appeal No. 273/2019 examines the scope of guarantor liability in bank financing, addressing whether a personal guarantee capped at USD 20 Million constitutes a continuing guarantee covering existing and future obligations, and how the Protection of Certain Category of Guarantors Law of 2003 applies to such arrangements.

Cyprus is a Mediterranean island with a rich history, vibrant culture, and a thriving economy. In this brochure, we will take you on a journey through the island's...

Wealthy individuals in Islam have often been shying away from investing in gold and other precious metals in order to safeguard their investment portfolio against risks (and not for the purpose of speculation), ...

The Survey on External Financial Statistics (EFS) is a mandatory quarterly reporting requirement for selected Cyprus entities conducting cross-border financial transactions. Understanding the legal framework, submission deadlines, and potential penalties is crucial for compliance with Central Bank of Cyprus regulations and avoiding fines that can exceed €85,000.

Following the on-site visit carried out by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism to the Republic of Cyprus from the 13th of May 2019 to the 24th of May 2019 ...

Elena Christodoulou of Elias Neocleous & Co provides an overview of how Cyprus tax resident individuals are taxed in Cyprus.

Forms relating to the period January 2019 until December 2021 shall need to be electronically submitted by 31 January 2022.

The recently redesigned European Long-Term Investment Funds framework ("ELTIF 2.0"), fully applicable since January 2024, ...

One year has passed since the adoption of EU Regulation 2022/2554 on Digital Operational Resilience ("DORA"), and less than a year to go until its application on 17 January 2025.

Cyprus, known for its vibrant economy and strategic location, is home to a well- regulated financial services sector. If you're considering doing business in Cyprus...