Obtaining A Cryptocurrency licence & Crypto Exchange License in cyprus
To set up and operate a cryptocurrency exchange, you must get licensed first. Here we will analyse the basics of Crypto Exchange Offices, Cryptocurrency Exchanges, and how to get a license in Cyprus.
What is Cyprus Security and Exchange Commision (CySEC)
CySEC is the anti-money laundering and counter-terrorist financing (AML/CFT) supervisor for crypto-asset operations...
Forex Scams and how to deal with them
Foreign Exchange (Forex) trading is the conversion of one currency into another for either practical purposes or for gaining profits. Forex trading has developed into the largest trading market in the world over recent years. It operates 24/7 all over the world, bringing together international banks and corporations to trade with each other. Foreign Exchange is available in all currencies...
Ship Finance
Cyprus has a well-established maritime infrastructure which offers many advantages to ship owners and business people in this industry. Shipping upholds a significant role in the Cyprus economy and after overcoming the economic crisis in 2013, the shipping finance has flourished. The Republic of Cyprus is a member of the IMO, the Council of Europe, the Commonwealth and many other...
Cyprus Citizenship by Investment
It has now become quite easy for people from around the world to become Cypriot citizens, by investing in real estate in accordance with the ‘Cyprus Citizenship by Investment Program and obtain Cyprus Citizenship by investment.
Advantages of Cypriot Citizenship
Over the last years, Cyprus has become a popular destination, not only for seasonal holidays but also as a choice of permanent...
Mareva Injunction – Freezing orders
The Mareva injunction, otherwise known as the freezing order or freezing orders, the Mareva order or the Mareva regime, is an interlocutory relief granted by the courts in order to freeze the assets of a defendant during a civil proceeding. The primary function of the injunction is to maintain the integrity of the court process by preventing the defendant from dissipating assets and becoming...
Foreign Currency Loans Embed an Exchange Rate Risk: The Case of SWISS FRANC Loans
Loans and mortgages in SWISS FRANC became popular in Cyprus after 2006, the year when the Republic was a candidate country to assess the EURO zone. During this particular period, SWISS FRANC loans were attractive because the cost of borrowing was relatively low. Notably, within the period 2006-2009, thousands of investors took loans in SWISS FRANC. Nevertheless, the sudden appreciation of...
Admiralty and Ship Arrest Practice in Cyprus
Admiralty litigation in Cyprus has increased significantly, as a consequence of the distinctive status of Cyprus as a leading worldwide maritime hub. Admiralty law refers to the jurisdiction of a distinct body of law to hear certain types of cases, arising from maritime activities occurring in international waters.
The principal matters governed by admiralty law concern shipping and boating,...
Company Set Up in Offshore Jurisdictions: BVI, Belize, Seychelles and Panama.
Investors and companies around the world have been benefiting from advantageous corporate structures and favorable tax regimes for years in order to increase profitability. With the economic turmoil pushing countries to impose tax reforms, numerous companies are looking to benefit from the best possible tax planning solutions through company set up in offshore jurisdictions. In general, an...
Deposit Protection and Bail-in of Banking Institutions
The turbulent banking crisis in the Republic of Cyprus triggered disputes among the EU with regard to whether depositors should be protected from bail-ins or whether only deposit holders with accounts exceeding €100,000 should be subjected to losses through such resolution. Bail-in relates to a situation where the creditors of an institution facing bankruptcy are forced to bear some of the...
Rejection of haircut appeals by the Supreme Court of Cyprus
The Supreme Court on Friday, 7 of March, delivered its long-awaited decision with regard to the appeals lodged by Laiki’s and BoC’s depositors who lost part of their money in the €10 billion bail-in plan for Cyprus. More than 3.000 appeals of uninsured depositors were filed before the Supreme Court requesting the decision to be revoked.
The applicants appealed the decree R.A.D. 104/2013...