ArticleSpecial Scheme for Innovative BusinessesAdditional details for this new Scheme shall follow once the full information is released by the Cyprus Government.CyprusCorporate/Commercial LawG. Vrikis & Associates LLC
ArticleUpdate On Registration Of Pledges With The Cyprus Registrar Of CompaniesThe Law firm of G. Vrikis & Associates LLC, would like to bring to your attention the recent Announcement of the Department of Registrar of Companies and Official Receiver issued on the 15.03.2019.CyprusCorporate/Commercial LawG. Vrikis & Associates LLC
ArticleAmendment To The Protection Of Motherhood LawA minor amendment, which however provides a significant extension to an existing right to mothers and their newborns, has been passed into law as of 20/05/2025 under Law N. 62(I)/2025...CyprusEmployment and HRG. Vrikis & Associates LLC
ArticleAmendments In Parental Leave LawThe Law on Leave (Paternity, Parental, Care, Force Majeure) and Flexible Working Arrangements for Work-Life Balance (Amendment) Law of 2025 was passed...CyprusEmployment and HRG. Vrikis & Associates LLC
ArticleEmployers Required To Add Employment Contract Terms On ERGANI SystemWe wish to inform our clients that, pursuant to Labour Ministerial Order No. 455.24, issued in December 2024 under the Predictability and Transparency in the Workplace Law (Ν. 25(I)/2023)...CyprusEmployment and HRG. Vrikis & Associates LLC
ArticleMinimum WageThe Council of Ministers reached a decision regarding the decree setting the national minimum wage, which is now set at the amount of €940 and will take effect as from the 01/01/2023. CyprusEmployment and HRG. Vrikis & Associates LLC
ArticleRegistered Alternative Investment Funds UpdateWe would like to inform you that the Cyprus Securities and Exchange Commission ("CySEC") has published an announcement reiterating the legal and regulatory framework applicable to RAIFs.CyprusFinance and BankingG. Vrikis & Associates LLC
ArticleAmendments To Legislation Relating To Oaths And AffidavitsOn the 26th February 2021, the Amending Law 14 (I) of 2021 was published in the Gazette of the Republic, by which lawyers will be able to accept an oath before them in the affidavits.CyprusGovernment, Public SectorG. Vrikis & Associates LLC
ArticleBeneficial Owner Register Access SuspendedOn the 22/11/2022, the Department of Registrar of Companies and Intellectual Property announced that following the Directive 2018/843 of the European Court of Justice whereby Member States must ensure that the information on the beneficial ownership of companies incorporated within their territory should be accessible.CyprusIntellectual PropertyG. Vrikis & Associates LLC
ArticleUpdate On Installation Of CCTV Systems In School UnitsAfter recent incidents during after-school hours which have caused damage to public school property, and given the repetitive nature observed in such offences, the Ministry of Education decided to proceed.CyprusPrivacyG. Vrikis & Associates LLC
ArticleSpecial Contribution On Salaries AbolishedFor private sector employees and private sector pensioners, the Special Contribution related to services rendered in Cyprus. CyprusTaxG. Vrikis & Associates LLC
ArticleVAT Payment In Installments Without Penalty ImpositionAs of the 2nd November 2020, the pertinent Cyprus VAT Law has been amended to provide for an allowance the VAT- Registered persons to settle the VAT...CyprusTaxG. Vrikis & Associates LLC
ArticleClarifications On Fiscal Measures In Response To The COVID-19 EmergencyIn response to relevant enquiries and questions raised by the general public as to the practical application of the Fiscal Measures offered by the Govenrment...CyprusCoronavirus (COVID-19)G. Vrikis & Associates LLC
ArticleFamily Court – Balancing Equally Custody And Financial ResponsibilitiesOn 28th of July 2025, the Nicosia Family Court delivered a significant decision on child maintenance, concerning the financial obligations of divorced parents with minor children.CyprusFamily and MatrimonialG. Vrikis & Associates LLC
ArticleAmendment To The Cyprus ConstitutionThe Cyprus Parliament has passed the law allowing for the 19th amendment to the Cyprus Constitution, by way of the Nineteenth Amendment to the Constitution Law of 2024 (L.171(I)/31/12/2024)...CyprusGovernment, Public SectorG. Vrikis & Associates LLC
ArticlePersonal Data Protection – Commissioner Issues A Fine Against Local BankA complaint was filed with the Office of the Personal Data Protection Commissioner against one of the major Banking Institutions in Cyprus...CyprusPrivacyG. Vrikis & Associates LLC
ArticleAmendments To The Land And Survey Department (Fees And Charges) Law Of 2025The Land and Survey Department (Fees and Charges) (Amendment) Law of 2025 introduces important modifications to the existing Land and Survey Department (Fees and Charges) Law (the "Principal Law"). CyprusReal Estate and ConstructionG. Vrikis & Associates LLC
ArticleComplaints On Abusive Clauses To Consumer Protection ServiceThe Consumer Protection Service has recently issued a statement addressing complaints regarding abusive clauses in financial contracts, which follows the initiation...European UnionConsumer ProtectionG. Vrikis & Associates LLC
ArticleEU's Intellectual Property Office Publishes Proposed Approach For Classification Of NFTs And Virtual GoodsIn view of the huge increase in popularity and use of Non-Fungible Tokens (NFTs) over the past few years, as well as the increasing value attached to such NFTs which ranges from a few cents and a few millions...European UnionTechnologyG. Vrikis & Associates LLC
ArticleNew Definition For "Shell Companies"The Central Bank of Cyprus ("CBC") issued a circular (Ref. BS 6020) on 02/11/2018, with the purpose of clarifying and further explaining the vague information and definitions ...CyprusWealth ManagementG. Vrikis & Associates LLC