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What ultimately determines whether a compliance programme succeeds or fails? This article explores the critical role of leadership, accountability and employee engagement in fostering a culture of compliance, examining how ethical conduct and organizational values influence the practical implementation of compliance measures and what distinguishes effective programmes from those that exist only on paper.

Negative interest rates on cash deposits are here to stay for the foreseeable future.

Great news for the Cyprus business community! In a landmark decision, the annual company fee of EUR 350 will be abolished starting in 2024.

Announcement of the Department of Registrar of Companies and Intellectual Property – Deadline for Confirmation with the Register of UBOs

As part of the measures taken by the Cypriot government to support companies/businesses affected by the restrictive measures which have been imposed in order to contain the spread...

In a recent English case, the Court decided that restrictions on shareholders' right to deal with a share shall be clearly stated in pre-emption articles.

Companies established prior to 2024 were obligated to pay an annual corporate levy by June of every year amounting to EUR350 according to section 391 of the Companies Law...

In a recent decision of a Cyprus District Court, it has been decided that an international arbitral award, cannot be used as a basis for the filing of a winding up petition, against the respondent company, before same is recognized and registered in Cyprus pursuant to the New York Convention.

On the 16th of August 2016, the Department of Registrar of Companies and Official Receiver announced that pursuant to the Law 89 (I) of 2015 which amends the Companies Law Cap. 113, companies that do not pay the annual fee...

It has been held by Cypriot courts (adopting English case law) that the power of court to order the rectification of a register of members of a company, under section 111 of Cyprus Companies Laws CAP 113.

Corporate Governance 2019

Whether you want to start a new business, relocate your business or find a gateway to Europe, Middle East and Africa, Cyprus has all the ingredients facilitating the success of your technology-based business.

Cyprus has made a significant move to enhance its appeal as a leading international business destination by announcing the abolition of the €350 annual company levy, effective from 2024.

The insightful discussion was followed by a cocktail reception which served as an excellent opportunity for networking.

On 20 January 2017, the Cyprus Securities and Exchange Commission ('CySEC') issued Circular 178 referring to Alternative Investment Funds with a Limited Number of Persons ("AIFLNPs") and their managers...

In December 2020, CySEC introduced a Temporary Permission Regime (TPR) so as to allow UK firms to continue to provide investment services without a requirement for a physical presence in Cyprus.