The European Union is increasingly competing with other destinations in the global race for talent. In order to attract and retain highly skilled workers in sectors facing skills shortages, the EU updated the blue card directive in October 2021. On the 17/01/2024 the Council of Ministers of the Republic of Cyprus, approved legislation to implement 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…
Company Liquidation Company liquidation is a legal procedure triggered when a company faces difficulty repaying its debts. It offers a fresh start to those burdened by financial obligations. Usually, it commences with the debtor submitting a request, although creditors can also instigate it. Throughout this procedure, the debtor’s belongings are evaluated, and certain assets may…
Family Reunification Permit in Cyprus – Family members of third-country national employed in Companies of Foreign Interest Introduction In order to preserve family unity, third-country nationals with residence and employment permits are able to exercise their right to Family Reunification for their family members (spouse and minor children), provided that the relevant conditions of the Aliens and…
Table of Contents Introduction Any Purchaser who is a non-EU National and/or a holder of a non-European Passport and/or a non-citizen of the Republic of Cyprus is required to apply for the Acquisition Permit of the Immovable Property, which is subject to the approval of the Council of Ministers. The approval needs to be given…
Introduction Justice in Cyprus is currently in the process of significant transformation through the reform of the Cyprus Civil Procedure Rules. The primary objectives of this reform are to expedite legal proceedings and rectify any shortcomings within the legal framework in Cyprus. To achieve these goals, the new Rules have introduced various mechanisms to enable…
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…
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,…