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Following the extension of tax relief for the disposal of immovable property for the restructuring non-performing loans introduced by Laws 96(I)/2018, 98(I)/2018, 99(I)/2018 and 100(I)/2018,

Under the agreement there is no withholding tax on dividends paid by a company resident in Lithuania to a company (but not a partnership) resident in Cyprus provided that the recipient is the beneficial owner of at least 10 per cent of the shares in the company paying the dividend. Otherwise the maximum rate of withholding tax is 5 per cent.

In its session of 18 June 2019, the Council of Ministers of Cyprus, approved a National Strategy on Decentralized Technologies and Blockchain, encouraging the use of these technologies in both the public and private sectors...

In an era of rapid technological advancement, the question for modern businesses is not if they will face a cyberattack, but when.

Our firm proudly sponsored an event organised by the Cyprus Alumni Association of Aristotle University of Thessaloniki.

The Cyprus Securities and Exchange Commission ("CySEC") has announced that it is to establish an Innovation Hub, designed to address and explore the rise of FinTech and RegTech developments.

The Department of Merchant Shipping recently notified all registered owners and operators of ships flying the Cyprus flag and foreign-flagged ships calling at ports in Cyprus...

On 11 January 2019 the Deputy Ministry of Shipping (DMS) issued a notification to registered owners, charterers, managers and representatives of ships flying the Cyprus ...

Cyprus, a world-leading shipping hub. Vassilis Psyrras, a senior associate in the firm's shipping department, outlines the attractiveness of Cyprus for the shipping industry.

Cyprus is one of the world's most competitive and reliable shipping centers, and a sought-after jurisdiction for global shipping companies.

The Department of Merchant Shipping has published an updated list of approved private ship security contractors in accordance with Section 84 of the Protection of Cyprus Ships Against Acts of Piracy and Other Unlawful Acts Law 2012.

The Department of Merchant Shipping has issued a circular to owners, bareboat charterers, managers and representatives of ships flying the Cyprus flag, advising them of their obligation under the Merchant Shipping (Official Logbooks, Ship's Articles and Annual Lists) Regulations 2001 and 2012 (PI 451/2012) to submit their annual lists of seafarers engaged, discharged and repatriated for the period between January 1 and December 31 2013.

The new publication replaces a previous version published in 2006 and recognised organisations are required to implement its terms and conditions immediately.

In June 2009 the European Commission provided new and detailed guidance on state aid granted to ship management companies, complementing the 2004 guidelines on state aid to maritime transport.

The Council of Ministers has approved the draft legislation concerning the establishment of limited liability shipping companies. Once the draft legislation is adopted by the Cyprus Parliament...

The Cyprus Department of Merchant Shipping has announced the publication of the Essential Requirements (Recreational Craft and Personal Watercraft) Regulations 2017.

The Department of Merchant Shipping recently announced that it has amended the form for declaration by a legal representative or auditor of a company adopting the tonnage tax system that the company concerned was tax resident in Cyprus for the relevant year.

The Department of Merchant Shipping recently announced that with effect from the 2012 tax year, all owners of foreign ships, charterers and ship managers participating in the tonnage tax system must submit a declaration by their legal representative or auditor in the prescribed form, together with their tonnage tax declaration.