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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…