Division of Assets: an essential matter of marriage dissolution
Among the most important parameters of a marriage dissolution or annulation is the division of assets. That is to say, either party has the right to claim his or her contribution to the increase of the property of the other partner. In this point, it should be underlined that Cyprus jurisdiction applies in case the parties have lived in the Republic of Cyprus for at least three months,...
Cyprus: An Attractive Intellectual Property Destination with Considerable Tax Incentives
Intellectual property is the field area of law that approaches the protection of the rights of the creators of original works. It includes everything, i.e. literature, music, inventions and trademarks. Generally speaking, the main purpose of intellectual property jurisdiction are to endorse the development of new technologies, inventions, arts and promote economic growth and innovation. That...
Online gambling jurisdictions: Malta, UK, Curaçao, Antigua and Barbuda, Isle of Man
Despite the global perspective of internet, online gambling regulations are not universal. That is to say, each region has its own jurisdictions that cover the relevant legal issues, such as licensing. For instance, the legislation in some areas permits them to grant licenses and regulate companies they run online gambling sites or supply industry services, i.e. gaming software. The...
Cyprus International Trust Law
The International Trust Law (No. 69/1992) legislation facilitates the formation and administration of an international trust. The law built on the existing Cyprus trust legislation of 1995 (The Trustees Law, CAP. 193). The amendment of Cyprus trust legislation introduces innovative provisions and provides considerable incentives for the establishment of trusts in Cyprus. Furthermore, Cyprus...
Maritime security for ships flying the Cyprus flag
Cyprus is the third biggest maritime fleet in the EU and the tenth biggest fleet in the world. Generally speaking, Cyprus is a strategic market leader for many reasons. Firstly, it is located at the crossroads of three continents, Europe, Asia and Africa. Secondly, Cyprus has double tax treaties with 45 countries and bilateral agreements of cooperation in merchant shipping with 23 countries....
Succession and Wills Regulations in Cyprus and EU
In Cyprus, an individual can distribute his/her estate by drafting a Will. In case, a deceased person had not prepared a Will during his/her lifetime then his/her estate will be distributing according to the Cyprus Wills and Succession Law, Cap. 195.
Precisely, the distribution of an estate could be regulated by a Will or according to the Law or both.
The Cyprus Wills and Succession Law, Cap....