Who and What is MiCA and Why is it necessary?

The Council presidency and the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal in late June 2022 which covers issuers of unbacked crypto-assets, and so-called “stablecoins”, as well as the trading venues and the wallets where crypto-assets are held. This regulatory framework will protect investors and preserve financial stability, while…

cyprus business strategy

Cyprus New Strategy for Attracting Businesses & Talents

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 into a Business Facilitation Unit…

company re-domiliciation

Company Re-Domiciliation

Introduction The establishment of a Cypriot Company has numerous advantages and uses, and with the correct and proper structure, it can offer to its shareholder(s) a comprehensive tax-efficient method to conduct business internationally. Cypriot Companies are governed under the Cyprus Company Law, Chapter 113 (“CAP 113”), law based on the UK Common Law principles, aligning…

why setup investment fund in cyprus

Why to setup Investment Fund in Cyprus

Introduction:   Cyprus has been one of the first EU member states to transpose the Alternative Investment Fund Managers Directive into national law, as a result it now offers an effective and flexible legislative framework for all types of Investment Funds. Furthermore, the smooth collaboration between the competent authorities and the service providers in the…

how to setup investment fund

How to setup Investment Fund in Cyprus

IntroductionAn Investment Fund can be defined as a collective investment undertaking raising external capital from a number of investors with a view and purpose of investing it in accordance with a defined investment policy for the benefit of those investors.Procedure Initially the establishment and incorporation of a Cyprus company is required in order to obtain…

covid 19

Μπορεί να υπάρξει τερματισμός απασχόλησης εξαιτίας του κορωνοϊου;

Είναι γεγονός ότι η πανδημία του κορωνοϊου άρχισε από τους πρώτους κιόλας μήνες που έκανε την εμφάνιση της να εκδηλώνει τις συνέπειες της τόσο στην οικονομία του τόπου μας όσο και στον τομέα του εργατικού δικαίου. Αδιαμφισβήτητα οι επιπτώσεις του δεύτερου lockdown θα οδηγήσουν αρκετούς εργοδότες σε οικονομικά αδιέξοδα δημιουργώντας τους αδυναμία στο να καταβάλουν…