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...
New Amendment on Real Estate Agreements
The House of Representatives announced on the 2nd of April a new amendment regarding contracts of sale for real estate. The bill refers to the meaning of practising the profession as defined in the Advocates Law Cap.2. It states that only registered lawyers should draft sale agreements of real estate or other documents relating to property transactions. The suggestion was made by a member of...
Cross-Border Divorce in Cyprus
Marriage Dissolution or Divorce is a term which refers to the process by which a couple can end their marriage permanently.
Liquidation Process in Cyprus
Liquidation or dissolution is a term which is used when a company decides to dissolve and materialize all its assets. This usually occurs when the company is deemed insolvent, i.e. cannot pay its debts when they are due. As a result, it collects and materialises its assets to settle its obligations and eventually comes to an end.
The liquidation (dissolution) or wound-up method can be...
Intellectual Property Box or Patent in Cyprus
If you are an owner of an Intellectual Property asset, you must select the appropriate jurisdiction to establish your business. The factors to consider when making this decision include taxation, legal framework and development prospects in the local business environment.
Cyprus has developed a favourable Intellectual Property jurisdiction, namely the IP Box Regime; also called Patent Box...
Divorce Procedures in Cyprus
Marriage Dissolution or Divorce is a term which refers to the process by which a couple can end their marriage permanently.
EMI – Electronic Money Institution
Setting up an EMI – Electronic Money Institution
EMI or Electronic Money Institutions (EMIs) are the digital alternative of a bank where the client funds are stored in an ‘electronic wallet’. The funds are considered electronic money stored on a technical device which is widely used for making payments online.
The EMIs operate through an online platform while having the licence...
Cyprus Citizenship after Brexit
The recent decision of the United Kingdom to leave the European Union raised concerns about future relations with the other Member States. Its withdrawal requires years of preparation and negotiations with the EU officials. Cyprus is the second-largest trading partner of the United Kingdom and a popular residence choice for its nationals. The two countries intend to maintain warm relations...
Extradition Law in Cyprus
From the early years of the formation of the Constitution of the Republic of Cyprus, the country has followed European legal standards regarding the extradition of offenders or sentenced people. Extradition is defined as the action of identifying and transferring a person suspected of a criminal offence from the authorities of one country to another after the latter’s request, in...
Covid-19 : Cyprus Economy and shipping
The impact of Covid-19 Pandemic on Cyprus Economy and Shipping industry.
Ever since the global pandemic of the Covid-19 appeared on the face of the earth, it brought along unprecedented detriments to the economy, business and social life of people all over the world. Cyprus is no exception. The economy of Cyprus is suffering significant financial losses from the isolation period, and the...