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The Department of Merchant Shipping HAS recently announced how aspects of the EU Passenger Liability Regulation will be applied within Cyprus and to Cyprus-flagged ships.

Further to Circular 03/2020, the Shipping Deputy Ministry has issued Circular 05/2020 informing the registered owners, charterers, shipmanagers and representative of ships flying the Cyprus flag of the following new Circular Letters

In an article in the October 2016 edition of the European Law Review, Constantinos Lycourgos, a Judge of the European Court of Justice...

Legislation was enacted in April requiring credit institutions operating in Cyprus to pay a levy of 0.095% on their customer deposits from 2011 onwards.

For vessels registered under the Cyprus flag on or after 18 January 2017, an amended form of DMLC Part I will be issued.

The new agreement on merchant shipping between Cyprus and Georgia, which was signed on February 5 2014, entered into force on May 24 2014.

The Process of Adjustment of Tax Arrears Law 2017 (Law 4(I)/2017) established a procedure for settling tax arrears by monthly instalments, providing a waiver of up to 95% of interest and penalties and covering all nationally imposed taxes...

The Cyprus finance minister and the American ambassador to Cyprus formally signed the intergovernmental agreement between Cyprus and the USA under FATCA.

The new agreement on merchant shipping between Cyprus and Georgia, which was signed on 5 February 2014, entered into force on 24 May 2014.

Interpretative Circular 13, issued by the Cyprus Tax Department on November 1 2017, clarifies the treatment of the following additional tax imposed under the Assessment and Collection of Taxes Law(1) for the purposes of calculating the deemed dividend distribution for special defence contribution (SDC) tax.

In an effort to combat money laundering and the financing of terrorist activities, the European Union (EU) has implemented several Anti-Money Laundering (AML) directives.

In October 2024, Cyprus enacted Law 116(I)/2024 on the Prevention of the Dissemination of Terrorist Content Online to align its legal framework with EU Regulation 2021...

On 9 August the CBC published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 30 April 2018, showing aggregate NPFs and related indicators for the domestic...

Since the end of 2014, banks have succeeded in reducing aggregate non-performing debt by almost 40 percent, from €27,328 million to €16,610 million.

On 11 January 2019 the Central Bank of Cyprus (CBC) published on its website its latest monthly analysis of data on non-performing loans in the Cyprus banking sector ...

The EU General Data Protection Regulation has now been in effect for more than a month, and the changes it introduced have already been noticed by most businesses and the people whose data they use.

Today, we are pleased to announce the full launch of our revolutionary legal platform Neolaw.ai, which will be made available to all its existing registered and new users...

In December 2013 the Department of Merchant Shipping (DMS) announced the following new policy regarding Security Awareness Training or Security training for Seafarers with Designated Security Duties under the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, STCW 78, as amended (the Convention).