On the 25th of June, 2021 Cyprus Securities and Exchange Commission (“CySEC”) introduced the Directive (269/2021) in regard to the registry of service providers whose business activities are related to cryptocurrencies “Crypto Asset Services Provider” (“CASP”) (see our previous published article on cryptocurrency exchange license in Cyprus). CySEC is the anti-money laundering and counter-terrorist financing…
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A practical guide prepared by Y. Vasiliou & Co LLC for the process of buying a property in Cyprus. Buying a property in Cyprus is a process that is easy and fast. Below we mention all important points that you should be aware when buying a property in Cyprus. The legal framework Cyprus legal…
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For the last years, Cyprus, which is an EU Member State, is one of Europe’s largest financial and Forex trading hubs. Cyprus Securities and Exchange Commission (CySEC) issued its very first Forex Brokerage license in 1988 and since then Cyprus has seen a huge increase in Forex Firms taking up residence, with over 40 now domiciled…
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On the 25th of June, 2021 Cyprus Securities and Exchange Commission (“CySEC”) introduced the Directive (269/2021) in regard to the registry of service providers whose their business activities are related to Crypto currencies “Crypto-Asset Services Providers (“CASPS”)”, pursuant to section 2 of Article 61E of the Prevention and Suppression of Money Laundering and Terrorist Financing…
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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…
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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…
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A trademark is a part of a Company’s brand and it is the embodiment of a Company’s reputation. The trademark registration has been proved in many cases vital, concerning the protection of a brand. Several brands have lost their trademark, because of their failure to secure it from the very beginning. In general, Trademark protection…
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For many years Cyprus has been a popular destination for Lebanese investors who are seeking to pursue business opportunities and/or set up a second home for their families due to the geographical and cultural proximity of Lebanon and Cyprus, as well as the island’s popularity as a close-to home safe getaway. Due to the constant…
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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…
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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…
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