ArticleCourt Decisions On Amendments To LawNo new categories of insurable employment are created with the amendment, which cause an increase of cost to the Republic.CyprusGovernment, Public SectorG. Vrikis & Associates LLC
ArticlePassenger Name Record DirectiveThe Cyprus Parliament has, on November 30th, 2018, approved the law which transposes the provisions of the Passenger Name Record (PNR) Directive of the EU (2016/681) into the national legislation.CyprusPrivacyG. Vrikis & Associates LLC
ArticleFive Key Elements Before Buying Immovable Property In CyprusBuying Immovable Property could very well be one of the biggest decisions and investments in a person's life and it has been well known to also create a great deal of stress and anxiety whilst going through this process.CyprusReal Estate and ConstructionG. Vrikis & Associates LLC
ArticleEU Sanction On Russia - OverviewSince 2014, European Union has progressively imposed sanctions against Russia in response to deliberate destabilization of Ukraine.European UnionInternational LawG. Vrikis & Associates LLC
ArticleGDPR Vs AML – When The Titans ClashThe key and most far reaching changes in recent years has undoubtedly been the introduction of the General Data Protection Regulation (GDPR)European UnionPrivacyG. Vrikis & Associates LLC
ArticleImmovable Property – Deposit Of Sale Contract With The Land Registry DepartmentThe Contract of Sale, also commonly referred to as the Sale and Purchase Agreement of Immovable Property or "SPA", can be deposited within a certain deadline imposed by law. CyprusReal Estate and ConstructionG. Vrikis & Associates LLC
ArticleCyprus – VAT UpdateThe Cyprus Parliament has passed on the 3rd November 2017 an amendment to the relevant VAT law, effectively introducing VAT imposition at the standard rate (currently 19%) to the sale of land ...European UnionTaxG. Vrikis & Associates LLC
ArticleLegal Update For Children In Conflict With The LawCyprus Parliament has proceeded with an amendment to the Law of Children in Conflict with the Law (N.55(I)/2021) in early April 2024 to better define the conditions...CyprusFamily and MatrimonialG. Vrikis & Associates LLC
ArticleAdministrative Court Decision Annulling Tax Commissioner's Decision.On 21.09.20200 Administrative Court issued a decision in Case No.334/2017 (OCEAN AQUARIUM LTD -v- THE REPUBLIC OF CYPRUS), annulling the decision of Commissioner of Income Tax to impose Defense Contribution to a Company.CyprusTaxG. Vrikis & Associates LLC
ArticleCyprus Administrative Court Decision Annulling Tax Commissioner's DecisionOn 21.09.20200 Administrative Court issued a decision in Case No.334/2017 (OCEAN AQUARIUM LTD -v- THE REPUBLIC OF CYPRUS), annulling the decision of Commissioner of Income Tax to impose Defense Contribution to a Company.CyprusTaxG. Vrikis & Associates LLC
ArticleDouble Tax Treaty With The Republic Of KazakhstanThe DTT is generally based on the OECD Model Double Tax Convention framework.CyprusTaxG. Vrikis & Associates LLC
ArticleThe 60-day Tax Residency CertificateThe following new circular which was issued by the Tax Authorities in Cyprus in early 2022, provides additional guidance and clarity as to the tax residency according to the legal provision of the 60-day stay ...CyprusTaxG. Vrikis & Associates LLC
ArticleRoad Speed Limit Police "Allowance" AmendedThe Cyprus Republic has issued new guidelines as of 24th September 2020 that the current "allowance" for exceeding the speed-limit within city limits...CyprusTransportG. Vrikis & Associates LLC
ArticleIntroduction Of The Register Of Beneficial Owners And TrustsAs of the 16 December 2020, Cyprus has initiated the beneficial owners register for Cypriot companies and other legal persons registered in CyprusCyprusCorporate/Commercial LawG. Vrikis & Associates LLC
ArticleStatutory Demand Letter – A Powerful Tool For Claims Against A CompanyA Statutory Demand Letter, is a form of claim against a Company, that serves as a formal demand of the payment of amounts owed to any person by the Company.CyprusCorporate/Commercial LawG. Vrikis & Associates LLC
ArticleProtection From Harassment And StalkingSince mid-2021 a new legislation was introduced in the Republic of Cyprus, aimed to reinforce and aid the protection from harassment and stalking (Law 114(I)/2021).CyprusEmployment and HRG. Vrikis & Associates LLC
ArticleUse Of Personal Mobile Phone For Work-Related PurposesThe Commissioner for Personal Data Protection issued the Directive No 1/2025 in relation to the use of personal mobile phones for work purposes based on the guidelines given by the European Data Protection Supervisor...CyprusPrivacyG. Vrikis & Associates LLC
ArticleTransfer Pricing RequirementsOn 30th June 2022 the Cyprus Parliament approved the long awaited amendments to the Cyprus Income Tax Law and new Regulations to introduce Transfer Pricing ("TP")...CyprusTaxG. Vrikis & Associates LLC
ArticleEmployer And Employee Rights And Obligations Under The COVID-19 VirusBy Law, the Employer has obligation to provide a safe environment for work.CyprusCoronavirus (COVID-19)G. Vrikis & Associates LLC
ArticleEnactment Of Laws For Fiscal Measures In Response To The COVID-19 EmergencyVAT Legislation has been amended to provide for a deferral of VAT Payments up to the 10th November 2020. CyprusTaxG. Vrikis & Associates LLC