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…
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…
Σχετικά πρόσφατα η Βουλή των Αντιπροσώπων προχώρησε στη ψήφιση νομοσχεδίων τα οποία τροποποιούν και εκσυγχρονίζουν τις πρόνοιες του Περί Γάμου Νόμου (Ν.104 (Ι)/2003), του περί Οικογενειακών Δικαστηρίων Νόμο (Ν. 23/1990) και του Περί απόπειρας Συνδιαλλαγής και Πνευματικής Λύσης του Γάμου (Ν. 22/1990). Οι σχετικές μεταρρυθμίσεις είναι πολύ σημαντικές, αφού τροποποιούν και αλλάζουν σημαντικές πρόνοιες…
Vasiliou Law, had the pleasure of attending the first TRALIM3 (Training of lawyers on EU Immigration and Asylum Law 3) seminar which took place in Nicosia, Cyprus on the 20th of February 2023. Interesting discussions on EU immigration and asylum law with experts and audience from 7 different EU Member States (Cyprus, France, Greece, Ireland,…
The application for Summary Judgment is an interim application where the plaintiff can request the Court to proceed with a summary judgment against the defendant in order to avoid any delay. However, this application cannot be used for every case and there are specific conditions that must be met in order for the Court to…
* 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…
Introduction Upon the entering of Cyprus in the European Union (EU) in 2004, insurance and reinsurance brokerage in Cyprus has been a thriving industry that offers a wide range of services to both local and international clients. It is convenient to say that today the Cyprus insurance and reinsurance brokerage sector is highly competitive, and…
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…