Trusts and registries Following the transposition of the 5th AML Directive into Cyprus legislation, trusts have become an even more appealing option for individuals and companies especially from a confidentiality…
Revision of criteria for the fast-track procedure for obtaining a Cypriot permanent residence permit (via investment) The new rules concerning the fast-track procedure for obtaining a permanent residence permit…
Cyprus International trust – A multifaceted tool Trusts initially appeared within the legal scene as a special property ownership vehicle, in the sense that the legal title of…
Trust Protectors – Option or necessity? Historically, the primary constituencies necessary for the formation of a valid trust were the settlor, being the person who in essence creates…
One-Stop-Shop for Shipping Companies in Cyprus The House of Representatives has unanimously passed the Law on the Limited Liability Shipping Company (the “LLSC Law”), which provides for…
The Cyprus Beneficial Ownership Register of Express Trusts and Other Similar Arrangements – Online Platform The CyTBOR online platform On 13 May 2022, the Cyprus Securities and Exchange…
Newly enacted anti-corruption law On 17 February 2022 the Parliament voted in favour of the adoption of a new piece of legislation, pertaining to the prevention and combat…
Cyprus' new action plan for attracting foreign investments and talent Cyprus, having a services-oriented economy with a local population with years of experience in servicing international clients, is transposing…
Register of Crypto-asset service providers General information regarding crypto - assets Crypto-assets or crypto-currencies, is a type of electronic cash which can be used for payments between users via secure,…
The Withdrawal Agreement and Residency Rights in Cyprus The EU has reached an agreement (the “Withdrawal Agreement”) with the UK in relation to the citizens’ rights pursuant to the UK…