Announcement on the new criteria concerning the expedited procedure for the granting of Immigration Permits to third country nationals investing in Cyprus

AnnouncementBy Anabelle Panayi November 29, 2023

Clarifying announcement on the new criteria concerning the expedited procedure for the granting of Immigration Permits to applicant who are third country nationals investing in Cyprus – 4th Revision of Criteria May 2, 2023 With reference to the 4th revision of the criteria relating to the expedited procedure of granting Immigration Permits to applicants who…

Immigration Attorneys of the Year 2023

AnnouncementBy Elena Gavriil November 24, 2023

Y. Vasiliou & Co LLC has been awarded the prestigious Immigration Attorneys of the Year 2023 trophy. Vasiliou Law is proud to announce that our Immigration Department has been honored with a prestigious trophy in recognition of our outstanding contributions to immigration services for the year 2023. This achievement reflects our unwavering commitment to…

Empowering Pink: Breast Cancer Awareness Month at Vasiliou Law

AnnouncementBy Elena Gavriil November 10, 2023

Breast Cancer Awareness Month is a worldwide event celebrated every October, reminding us of the critical importance of raising awareness, promoting early detection, and supporting individuals and families affected by breast cancer. At Vasiliou Law, this month holds special significance. On October 27th, we united to spread awareness, extend support, and make a bold statement…

Cyprus FinTech Summit

Announcement, BusinessBy Elena Gavriil October 30, 2023

Vasiliou & Co LLC attended as sponsor the esteemed Cyprus FinTech Summit on September 1, 2023, hosted at the prestigious Carob Mill in Limassol. This summit, organized by XValley Technologies, brought together a distinguished group of industry-leading fintech innovators at the forefront of the fintech landscape. Distinguished speakers from both Cyprus and abroad have participated…

Acquisition of Immovable property by foreigners

Announcement, Business, Cyprus, EuropeBy Nicoletta Savidou October 25, 2023

Table of Contents Introduction Any Purchaser who is a non-EU National and/or a holder of a non-European Passport and/or a non-citizen of the Republic of Cyprus is required to apply for the Acquisition Permit of the Immovable Property, which is subject to the approval of the Council of Ministers. The approval needs to be given…

Legal Award 2023

AnnouncementBy Elena Gavriil October 6, 2023

We are delighted to announce that Y. Vasiliou & Co LLC has been awarded the esteemed “Outstanding Firm Cyprus – Eastern Europe – Europe” title at the 2023 Legal Awards from The Lawyers Global. The Lawyers Global conducts meticulous research and analysis, incorporating internal and external data sources, to determine awards and rankings. Their proprietary…

Reconstruction of the Cyprus Judicial System

Announcement, Business, CyprusBy Rafael Mishis October 5, 2023

Introduction Justice in Cyprus is currently in the process of significant transformation through the reform of the Cyprus Civil Procedure Rules. The primary objectives of this reform are to expedite legal proceedings and rectify any shortcomings within the legal framework in Cyprus. To achieve these goals, the new Rules have introduced various mechanisms to enable…

Cyprus: Professional License Fee Imposed on Legal Entities as of 2021

Announcement, Business, CyprusBy Yana Kreytor October 3, 2023

On 13 October 2020, the Executive Committee of the Union of Cyprus Municipalities, decided on adoption of a common policy regarding the imposition of an annual professional license fee to each legal entity that carries on any business, trade, or profession within the vicinity of municipality where the registered office is located. The enforcement of…

Sale of Property – Issuance of a Tax Clearance certificate

Announcement, Cyprus, TaxBy Nicoletta Savidou September 19, 2023

The Tax Department of the Republic of Cyprus requires additional mandatory documents for tax procedures. It has become essential for individuals, both Cypriot and foreign, as well as Cyprus-based companies in the real estate sector, such as construction companies and developers, to seek professional assistance during the Tax Clearance Procedure when selling their property. Vasiliou…

New Amendments to the Provision of Regulations 6(2) – Cyprus Permanent Residency by Investment

AnnouncementBy Anabelle Panayi August 31, 2023

The Civil Registry and Migration Department announced that based on the decision of the Ministry of Interior, applicants who can prove that they have submitted sales agreements at the Department of Lands and Surveys from 02/01/2022 to 28/04/2023, can proceed with the application submissions for the acquisition of a Cyprus Permanent Residency Category 6.2 (Fast…

Category Archives: Announcement