General Introduction on Trusts

The end of 2012 marks a great success for Cyprus.

The Cyprus Immigration Authorities have made an announcement regarding a new and accelerated procedure for the purpose of granting an Immigration Permit in Cyprus.

In the context of streamlining procedures and avoiding lengthy processes, the Insolvency Service and the Bankruptcy and Liquidation Companies' Division of the Registrar of Companies and Official Receiver of Cyprus announced that...

In 2016, the Cypriot Government announced certain amendments on the criteria which must be met by investors who wish to apply for a ''fast track'' citizenship scheme.

On 1 June 2016, the Cyprus Council of Ministers approved the reduction of immovable property tax rates by 50% from 1 per mille (that had been initially proposed) to 0.5 per mille

Cyprus is expected to sign the Model 1 InterGovernmental Agreement with the US Treasury in accordance with the provisions of FATCA.

The Republic of Cyprus, following its commitment to initialise rules to prevent and identify money laundering, has introduced an amendment to the requirement of registration of trusts.

The recent increase in the interest of third-country (non-EU) nationals to temporarily or permanently reside in Cyprus is a direct result of the country's attractive living and working conditions.

It is a recognised principle that wealth-creating assets may well rest on Intellectual Property (IP) rights, as all companies have them, but few exploit them to their fullest extent. IP rights derive from the legal system and include registered rights, trade marks, etc.

Relations between Poland and Cyprus are nothing new.

We are now witnessing a real quest for greater transparency both on a national and international level.

The Cypriot Minister of Foreign Affairs, Erato Kozakou Markoulli, and the Austrian Finance Minister, Andreas Schieder, have signed a Protocol recently amending the current Convention for the Avoidance of Double Taxation

In February 2012, Russian Duma ratified the Protocol to the Agreement for the avoidance of double taxation between Cyprus and Russia.

The recent developments in the shores of Cyprus have attracted the attention of foreign governments, leading energy companies and naturally the attention of international media.

Tax structuring has been a very complicated issue for many years with clients being continuously advised on methods of planning their taxes.

The much anticipated reform of the Cyprus International Trust Law has finally arrived, as it has been approved by the House of Representatives on March 9 2012.

There are many reasons that may motivate a company to change its place of residency and migrate from one country to another, a trend that is becoming more and more common.

The Council of Ministers decided to implement the "economic citizenship program".

The first package of austerity measures was voted by the House of Representatives on August 26, 2011.