* UPDATED March 2023 * The Council of Ministers approved on October 15th, 2021, the “Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus” and the implementation of the strategy commenced in January 2022. The new Strategy will include the following: Transformation of the existing Fast Track Business Activation Mechanism…
On the 18th of January 2023 we attended the event of the WoW series (World on Wednesdays) titled “The latest developments in the Financial Services sector and the role of Cyprus Securities and Exchange Commission (CYSEC)”. The event was organized by the Ministry of Foreign Affairs. Dr. George Theocharides, who is the Chairman of CySEC,…
Η εύρυθμη λειτουργία της ενιαίας αγοράς στην επικράτεια της Ευρωπαϊκής Ένωσης προϋποθέτει την προστασία των πολιτών των κρατών μελών κατά τις συναλλαγές τους υπό την ιδιότητα τους ως καταναλωτές. Μέσα από τις διάφορες ρυθμίσεις που προωθήθηκαν ώστε να προστατεύσουν αποτελεσματικά τους καταναλωτές συμπεριλαμβάνονται και οι καταναλωτικές τραπεζικές συμβάσεις. Ουκ ολίγες φορές καταναλωτές έχουν συνειδητοποιήσει εκ…
On 20th of November 2022 the employees of Y. Vasiliou & Co LLC participated in the 5th Radisson Blu Larnaka International Marathon. The Marathon was organized in cooperation with the Municipality of Larnaka and under the approval of the Cyprus Amateur Athletic Association. Under the motto “Together is always better!” the team create memorable moments…
Please note that the Department of Registrar of Companies and Intellectual Property, has announced its intention to deregister companies in case of non-payment of the Annual Levy for any year for the period 2012-2021. The companies at subject will be published in the Official Gazette of the Republic and after three months from the date…
With its Decision of October 15, 2021, the Council of Ministers approved the introduction of the The “Cyprus Digital Nomad Visa” Scheme allows nationals from non-EU and non-EEA countries, who can perform their work location-independently using telecommunications technology, to reside temporarily in Cyprus and work for an employer registered abroad or perform work through telecommunications…
Vasiliou & Co LLC (Vasiliou Law) is a multidisciplinary law firm, headquartered in Larnaca, Cyprus. Vasiliou Law is one of the fastest-growing Cypriot law firms, with extensive and expanding clientele, ranging from private individuals to global organisations. We met the founder and managing director of Y.Vasiliou & Co LLC. Yiannos Vasiliou and spoke with him…
Due to the constant political instability, the impact of COVID-19 and the economic downturn that Lebanon is facing, Lebanese Nationals, who wish to extend their stay and reside in Cyprus, can enter the Republic with a visitor visa and before the expiration of the 90 days to proceed with the application submission for a Cyprus Temporary…
The Civil Registry and Migration Department announced that from 02/08/2021 the new versions of residence documents for EU Citizens and their family members are put into circulation. The new versions comply with the requirements of EU Regulation 2019/1157 of the European Parliament and of the Council of 20 June 2019, on strengthening the security of…
A. INTRODUCTION The provisions of the EU Directive 2011/16 are amended with the introduction of the EU Directive 2018/822 on Administrative Cooperation (DAC), regarding the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements. This represents the 6th modification of DAC, and for this purpose it is referred…