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The Cyprus Securities and Exchange Commission have recently issued a circular addressed to Cyprus investment firms to draw their attention to the obligations attached to their freedom to provide services in other EU member states.

The Ministry of Finance and the Central Bank of Cyprus have jointly announced that the recapitalisation of Bank of Cyprus is now complete.

In May 2013 a statement purporting to summarise Moneyval's and Deloitte's conclusions, compiled by the "troika" of providers of international financial support, was leaked to the press.

On 13 March 2020, the government of Cyprus announced that entry into the Republic would not be allowed except for certain categories of people including Cypriot citizens.

The double taxation agreement between Cyprus and Spain, which was signed in Nicosia on 14 February 2013, has taken another step towards ratification.

It is reported in the Indian financial press that Cyprus and India will finalise the amendments to their double taxation avoidance agreement in the next few weeks.

A newsletter has been issued by the Tax Department on the new VAT rules relating to cross-border e-commerce (business-to-consumer – B2C). The rules will enter into force from the 01st of July 2021.

Companies and individuals who are required to submit their 2020 tax estimate and pay the associated first instalment of temporary tax by 31 July 2020

The Tax Department announced on 22 November 2018 that constituent entities of Cyprus ultimate parent entities (UPEs) will not be subject to local filing in their jurisdiction of tax residence,

On 1 November 2022, the Cyprus Tax Department issued the interpretative Circular 10/2022 which elaborates with practical examples on the tax incentives that ...

In the context of the implementation of pan-EU requirements including crypto-asset service providers (CASPs) under the Fifth Anti-Money Laundering Directive (5AMLD)...

The Protection of Cyprus Ships Against Acts of Piracy and Other Unlawful Acts Law 2012

The Protection of Cyprus Ships against Acts of Piracy and Other Unlawful Acts Law 2012 requires operators of Cyprus ships intending to employ private security contractors to obtain the prior approval of the Department of Merchant Shipping.

The Cyprus Department of Merchant Shipping (DMS) has recently issued the following circulars: to owners, managers and representatives of ships under the Cyprus flag and to owners, masters and representatives of foreign ships calling at ports in Cyprus.

The passage of vessels through Cyprus territorial waters has recently been regulated by the enactment of The Regulation of the Innocent Passage of Ships in the Territorial Sea Law of 2011 (Law 28(I)/2011), which entered into force on 18 March 2011.

A recent decision of the Larnaca District Court reaffirms the well-established principle that punitive and exemplary damages can be awarded on the basis of the degree of liability.

The Cyprus Securities and Exchange Commission ("CYSEC") has recently issued a circular drawing the attention of persons operating credit rating agencies ("CRAs") in Cyprus to Regulation (EC) No 1060/2009 of the European Parliament and of the Council, which puts in place a common regulatory regime for the publication of credit ratings.