Extension of Annual levy for the year 2021 Annual Fee for the year 2021 is extended until 31 December 2021 without the imposition of the additional charges. The above amendment shall be deemed to have entered into force on 30 June 2021. All companies registered in the Republic of Cyprus must pay at the Registrar…
DetailsThe accelerated procedure for the Permanent Residence Permit (PRP) applies to third country nationals and their family members who wish to have the option to permanently reside in Cyprus, receive dividends from Cyprus companies or hold the position of Directors in such companies and even be able to apply for a Cyprus passport based on…
DetailsIn manufacturing industries, construction and companies in similar industries, the 15% restriction applies to office staff ONLY. Therefore, 15% is calculated on the number of people working in the offices and not on the total number of employees of the company, with a minimum presence of three (3) persons, if the employer so wishes, and…
DetailsCyprus International Trust The applicable law relating to trusts in Cyprus is based on the Trustee Law chapter. 193 and on the International Trust Law 1992 to 2013 as amended law 2012, hereinafter collectively referred to as “The Law”. Cyprus international trust is a form of estate planning, which is usually used by wealthy individuals…
DetailsDivorce in Cyprus – Following the latest statistical analysis conducted by the Ministry of Finance, for the year 2018 a total of 2.114 divorces were issued in the Republic of Cyprus[1]. The crude divorce rate was calculated at 2.43 per 1,000 population, amounting to a substantial increase in the expected divorce rate by 295.6…
DetailsIf you are in the process starting your own business and have little to no experience on setting a business, we highly recommend reading this article which may identify some legal issues to consider in order to save time and avoid problems down the line. ISSUE 1 – BRANDING Branding is the key to any…
DetailsThe Cyprus Chamber of Commerce and Industry and the Cyprus Lebanon Business Association express their sincere condolences to the people of Lebanon. Our thoughts and prayers are with the families of the victims of the disaster. In support, we are currently in the process of setting up a “Lebanon Fund” and call upon our members…
DetailsIndividuals wishing to enter Cyprus from countries that do not fall within categories A & B require the below special flight pass Countries such as the United Kingdom fall within category C and therefore citizens travelling to Cyprus will be required a Flight Pass prior to boarding. To find out if you are eligible…
DetailsTrademark Law Amendment incorporating the EU Directive 2015/2436. On the 5th of June 2020, the EU Directive 2015/2436, was passed by the House of Representatives, which..
DetailsDemetris Ch. Demetriades LLC has created a guideline on the steps needed to be followed by a property buyer in order to safeguard a successful and safe transfer of ownership.
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