By an overwhelming majority, the House of Representatives passed recently a new set of rules on out-of-court fines to pedestrians, cyclists and motor vehicle drivers.

What is the Ship Registration Process in Cyprus? The ship registration process in Cyprus is relatively straightforward and efficient. It involves the following steps...

In order to register abranch of a foreign company in Cyprus, the following documents have to be submitted to the Registrar of Companies...

For the first time in its history ESMA, pursuant to Article 16(1) of the ESMA Regulation and in accordance with Article 30(4) of the ESMA Regulation, has issued two specific recommendations to CySEC.

The EU is working to improve international tax governance, given the global nature of unfair tax competition.

According to the Article 327 of the Companies Law (Cap.113), the Registrar can proceed to the strike-off (deregistration) of a Company after having followed the below steps...

The Ministry of Finance of the Republic of Cyprus recently published the National Risk Assessment (the 'NRA') on Money Laundering and Terrorist Financing...

On the 10th of August there was a meeting in Moscow where there has been an agreement on the Cyprus Russia Double Tax Treaty (DTT)

The Tax Department of Cyprus has issued guidance on the new 60-day rule on tax residence provisions for individuals, which came into effect after the adoption of Law No.119(I)/2017.

Every royal family had an official seal, while prominent merchants and legal professionals adopted a bit later this type of seal for authentication purposes.

Cypriot citizens have the right to apply to change their name or surname, correct any errors, or make any additions to the competent authorities (i.e., the district administration offices).

The revised definition of shell companies/entities comes in as a great tool to facilitate banks during account opening for international business companies as well as Service Providers offering corporate services in general.

A new category of Alternative Investment Funds, the Registered AIFs (‘RAIFs') has been introduced by the CySEC and recently affirmed by the Cyprus Parliament.

On 23rd January the Association of Cyprus International Investment Firms convened its Annual General Meeting

Cyprus will be joining the Schengen Information System on July 25th, 2023 after having been positively assessed and following decades of efforts.

The application for the issue of a Permanent Residence Certificate is submitted by an EU citizen and family members (also Citizens of a Member State), after a five-year period of uninterrupted legal residence...

DAC6 refers to the "Directive on Administrative Cooperation", specifically its sixth amendment (thus "DAC6"). It is a European Union directive that aims to promote transparency and fairness in taxation.

On 8 December 2022, the European Commission proposed new tax transparency rules for service providers facilitating transactions in crypto assets for consumers residing in the European Union.

The Cyprus Shipping Deputy Ministry recently announced a new ‘Green Incentives Programme', aiming to reward vessels which effectively reduce their greenhouse gas emissions.

As of Monday 20 November, Cyprus is initiating the one-stop-shipping centre at the Deputy Ministry of Shipping, starting with matters within the purview of the Civil Registry and Migration Department.