Introduction As international tax landscapes evolve, individuals who once benefited from Portugal’s Non-Habitual Resident (NHR) regime are now approaching a critical juncture. The expiration of NHR status presents not only a substantial increase in tax liability but also a pressing need for sophisticated and forward-thinking tax planning. At Y. Vasiliou Law, we are…
Register a company in Cyprus: In this article, we will take you through the main steps of registering a company in Cyprus (this remarkable Island). You will be surprised at how easy it is. Why should you register a company in Cyprus? When we talk about register a company in Cyprus, many people think it…
Introduction The Republic of Cyprus, aiming to promote the institution of the family and to advance gender equality in the workplace, whether in the private or public sector, has incorporated the following regulations into Cypriot legislation, through which, among other things, seeks to protect pregnancy and maternity in employment. Women’s legal rights The primary…
Εισαγωγή Η Κυπριακή Δημοκρατία έχοντας ως γνώμονα την προώθηση του θεσμού της οικογένειας άλλα και την προαγωγή της ισότητας μεταξύ των ανδρών και των γυναικών στον τομέα της εργασίας, είτε είναι στον Ιδιωτικό τομέα είτε στον δημόσιο τομέα, ενσωμάτωσε στην κυπριακή νομοθεσία τα πιο κάτω νομοθετήματα, μέσα από τα οποία, μεταξύ άλλων, προσπαθεί να προστατεύσει…
Introduction Cyprus climate traditionally is popular for tourism and holidays and well known in many parts of the world. In the last decade it is notable that the climate of Cyprus can have other benefits as well for the energy sector. Many companies from renewable energy sector choose Cyprus as their place of choice for…
Introduction In today’s digital age, maintaining compliance with regulations is paramount for any website operating within the European Union (EU) and aimed to provide services or products to customers within the EU. Failure to comply with these regulations can lead to legal consequences, actions taken by regulatory authorities, customers or consumer protection bodies, fines and…
Introduction As a general rule, a company in the Republic of Cyprus should give priority in employment recruitment to Cypriots and EU nationals before employing a Third Country National. Nevertheless, Cyprus has provided an exception for the Companies of Foreign Interests, to employ Third Country Nationals subject to certain requirements. This procedure is suitable for…
Introduction Investing in Real Estate can be a lucrative venture, offering potential financial rewards and long-term stability. However, like any investment, there are associated risks that require careful consideration. This article examines the legal landscape and potential risks of investing in Real state in the northern part of Cyprus. In 2023, around five thousand permits…
Introduction The beginning of the year often marks a stressful period for the Money Laundering Compliance Officers (MLCO) and Obliged Entities under the relevant Prevention and Suppression of Money Laundering Activities Law (or equivalent “AML Law” of the specific jurisdiction under which the legal entity operates) as there are various regulatory requirements. Some of the…
A “Citizen of the Republic” is a person who, on 26/07/2002 (date of enactment of the relevant Law), has acquired or is entitled to acquire the status of citizen of the Republic or who, after the said date, acquired the status of citizen, in accordance with the provisions of the Law or on the basis…