Legal Articles

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...

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...

Marriage Dissolution or Divorce is a term which refers to the process by which a couple can end their marriage permanently.

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...

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...

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...

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...

Conveyancing is the act of transferring the legal title of a property from one person to another. The process of conveyancing in Cyprus is rather complex as it involves a series of steps and documents to be submitted. Legal representation is necessary for both sides, the purchaser and the vendor, when carrying out the legal actions, such as checking the title and other matters concerning the...

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...

Over the years, Cyprus has made significant developments regarding its economy, the business opportunities it offers and the quality of life. Many organizations and individual business people are increasingly urged to transfer their business activities on the island due to the numerous benefits emerging from the jurisdiction and the operation of the corporate industry.  ...