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Cyprus is fast becoming an international fund hub and a well-respected player in both the European and international fund industries.

The Council of Ministers have adopted the amended regulations in regards to the Cyprus Investment Programme (CIP) on the 18th of August 2020.

Firstly I want to point out that I really enjoyed listening to the different points of views from some High level Maltese key market players had to say, especially the regulators.

On 14 June 2018, the Central Bank of Cyprus has issued guidelines to Cyprus banks to open new bank accounts or to continue maintaining existing bank accounts in companies considered "Cyprus shell companies" or "Cyprus letter-box companies".

Cyprus has enacted a new sanctions framework that criminalises the violation or circumvention of EU restrictive measures.

We researched and summarised for you, all recent regulatory updates from Cyprus and Europe, which are applicable for Regulated Companies operating in the Region.

In early 2013 the Cyprus banking sector was in severe difficulties. As a result of the disproportionately large banking sector, Cyprus was facing a major economic crisis.

NBAD contended that, by virtue of BP's misrepresentation that it was entitled to effect the assignment, the latter was now itself under an obligation to pay NBAD the unpaid amount of the outstanding debt.

An investment fund that is registered in Cyprus is a vehicle that allows investors to raise capital through various financial instruments.

In recent years, Cyprus has emerged as a leading jurisdiction for company incorporation, offering a unique blend of business-friendly policies, a competitive tax regime, and strategic access to European and international markets.

Over recent years, the alternative investment funds ("AIFs") market in the European Union has experienced significant growth. Due to this growth, and while the objective of safeguarding investor protection has been achieved at large, the need for further regulatory improvements to the framework governing alternative investment fund managers ("AIFMs") was present.

Alternative Investment Funds (AIFs) are emerging in the rapidly evolving world of global finance.

PKF in its efforts to provide decent and fast banking to its international clientele has established a number of introduction agreements with number of foreign banks and with almost all banks operating in Cyprus.

Cyprus has enacted significant amendments to its judicial framework governing disputes over credit facilities secured by primary residences. The new legislation expands District Court jurisdiction to examine not only outstanding debt balances but also broader contractual issues including overcharges and unfair terms, while establishing specific procedures for challenging enforcement notices against mortgaged homes.

Charges under Cyprus law, can be of a fixed and floating nature, (i.e fixed and floating charges).

Setting up a forex or Contract for Difference (CFD) brokerage is a significant decision that entails careful consideration of various factors such as regulatory environment...

Cyprus Tax Tribunal ruled, in the Banking case represented by EY, that payment systems services (VISA, MasterCard, Amex) are VAT exempt.