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CySEC has revised its earlier circular on the effect of recent amendments to article 62 of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007...

The Department of Merchant Shipping recently launched its new online electronic seafarer's application system for the submission of applications for the Cyprus Seafarer's Identification and Sea Service Record Book...

The June issue of "Eurokerdos" magazine included an interview with Maria Kyriacou, head of our Nicosia office and a specialist in intellectual property law.

The Department of Merchant Shipping has issued a circular to owners, operators and managers of Cyprusflagged ships regarding measures to reverse the increasing trend of Cyprus ships being detained at US ports.

The Central Bank of Cyprus has announced that it intends to carry out a comprehensive national risk assessment of measures to combat money laundering and terrorist financing.

The Central Bank of Cyprus has published an updated Directive on Governance and Management Arrangements in Credit Institutions.

The Republic of Cyprus and the Islamic Republic of Iran have signed an agreement in Nicosia on the avoidance of double taxation and fiscal evasion with respect to taxes on income, after negotiations spanning several years.

We advised O1 Properties Finance Plc, on Cyprus legal, tax and regulatory matters relating to its USD 350 million debut Eurobond issue, which was successfully concluded in September 2016.

On 29 May 2015 the official Inauguration Ceremony of the €300m VTT Vasiliko terminal took place.

The Cyprus Department of Merchant Shipping has issued a circular reminding operators of coastal passenger vessels of their obligation to submit a proper passenger manifest.

The Central Bank of Cyprus has published the draft Payment Services Law of 2009, which implements the European Payment Services Directive, 2007/64/EC.

The protocol to the 1998 double tax agreement between Cyprus and Russia was ratified by Cyprus in September 2011.

Article 9(B) of the Income Tax Law of 2002 as amended provides for a notional interest deduction for tax purposes on new equity capital (paid-up share capital and share premium) injected into companies...

On 3 April 2015 the government announced the abolition of all the remaining restrictions, so that funds are freely transferable in every way, just as they were prior to the imposition of controls.

The Central Bank of Cyprus has announced that the Central Bank of the Russian Federation has removed Cyprus from the list of countries it regards as offshore centres with preferential tax regimes.

Cyprus has been removed from the so-called "blacklist" published by the Portuguese tax authorities.

In order to ensure compliance with Directive (EU) 2015/2376 of 8 December 2015 amending Directive 2011/16 / EU on compulsory automatic exchange of information in the field of taxation...

The Cyprus Department of Merchant Shipping has recently issued a circular regarding the implementation of Regulation (EU) No 1177/2010 of the European Parliament and of the Council of 24 November 2010 concerning the rights of passengers when travelling by sea and inland waterway and amending Regulation (EC) No 2006/2004.