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…
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…
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…
Vasiliou Law | Y. Vasiliou & Co LLC had the pleasure of attending on the 22nd of July 2023, the conference on “Building structures for intercultural integration in Cyprus: Reflections and next steps ” which was organized by the Civil Registry and Migration Department in cooperation with the Council of Europe. The conference reflected what has been…
Table of Contents The Termination of Employment in Cyprus is governed by law 24/1967 – Termination of Employment law and which entered into force on 1st of February 1968. The main purpose is to protect the employees in the event of unjustified termination of their employment. Furthermore, with this law, Cyprus established a redundancy fund…
The Greece Golden Visa which was launched in 2013, is one of the most affordable, popular and competitive investment visa programs in the EU. The duration of this type of Residence Permit is 5 years and it can be renewed indefinitely (for a 5-year period each time), provided that property investment is retained. The investor…
With reference to the 4th revision which came into effect on 02/05/2023 of the criteria relating to the fast-track process of granting Immigration permits to applicants who are third country nationals and invest in Cyprus, the following are clarified: Paragraph 1.2: The funds which shall be used for the investment and must originate from…
On 27/04/2023, the Council of Ministers approved a proposal by the Ministry of Interior to revise the criteria for granting Permanent residency under the provisions of Regulation 6(2) of the Aliens and Immigration Regulation. As per the Minister of Interior, Mr. Constantinos Ioannou, the Ministry of Interior is aware of the risks involved in the…
ΑΡ. ΑΓΩΓΗΣ 371/2022 ( i-justice) Σε πρόσφατη απόφαση του Επαρχιακού Δικαστηρίου Λάρνακας, στην οποία το γραφείο μας κατάφερε να επιτύχει στην Αίτηση του και να παραμερίσει το κλητήριο και κατ’ επέκταση την επίδοση του κλητηρίου, το Δικαστήριο τόνισε τη σημαντικότητα τήρησης των δικονομικών θεσμών κατά την έναρξη μιας δικαστικής διαδικασίας η οποία αφορά εναγόμενους που…
Our firm is delighted to announce to be the chosen winners of the 2023 Corporate INTL Magazine Global Awards as the “Citizenship and Residency by Investment Law firm of the Year in Cyprus-2023”, for the third year. Our firm was chosen as the winner among 5 shortlisted law firms in the category of “Citizenship and…