With its Decision of October 15, 2021, the Council of Ministers approved the introduction of the The “Cyprus Digital Nomad Visa” Scheme allows nationals from non-EU and non-EEA countries, who can perform their work location-independently using telecommunications technology, to reside temporarily in Cyprus and work for an employer registered abroad or perform work through telecommunications…
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Κατακόρυφη αύξηση των τροχαίων παραβάσεων στην Κύπρο σημειώνεται από τις αρχές του έτους όταν τέθηκε σε εφαρμογή το σύστημα φωτοεπισήμανσης με την χρήση κινητών τροχαίων καμερών στους δρόμους της Κύπρου. Ακόμη πιο πολλές κάμερες σταθερές και κινητές, έρχονται να προστεθούν στους δρόμους μέχρι το τέλος του 2022. Τι πρέπει να γνωρίζετε στην περίπτωση που ειδοποιηθείτε…
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Sharp increase of traffic offences in Cyprus has been noted since the beginning of the year when the photo-marking system using mobile traffic cameras was implemented on the roads of Cyprus. Even more cameras, fixed and mobile, will be added to the roads by the end of 2022. What should you be aware of in…
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Η Κυπριακή νομοθεσία ρυθμίζει εκτενώς δια μέσου σχετικών νομοθετημάτων και κανονισμών την διαδικασία που πρέπει να ακολουθηθεί σε περίπτωση που ένας άνθρωπος αποβιώσει χωρίς διαθήκη και έχει την κατοικία του εντός της Κυπριακής Δημοκρατίας ή στην περίπτωση που ένας άνθρωπος αποβιώσει εκτός Κύπρου χωρίς διαθήκη, ωστόσο, κατά την ημέρα του θανάτου του είχε ακίνητη περιουσία…
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Cypriot legislation regulates extensively through relevant laws and regulations the procedure to be followed in case a person dies without a will and is domiciled in the Republic of Cyprus or in case a person dies outside Cyprus without a will, but on the day of his/her death he/she had immovable property located in the…
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The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, also known as the “New York Arbitration Convention” or the “New York Convention”, is one of the key instruments in international arbitration. The Republic of Cyprus is part of the convention along with 168 other states and proceeded with the transfer of the Convention…
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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…
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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…
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Vasiliou & Co LLC (Vasiliou Law) is a multidisciplinary law firm, headquartered in Larnaca, Cyprus. Vasiliou Law is one of the fastest-growing Cypriot law firms, with extensive and expanding clientele, ranging from private individuals to global organisations. We met the founder and managing director of Y.Vasiliou & Co LLC. Yiannos Vasiliou and spoke with him…
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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 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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