By

Constantinos Pavlides
Introduction On 18 June 2021, the Council of Ministers exercising its powers under the Assessment and Collection of Taxes Laws of 1978 to (No. 3) of 2021, issued a Decree imposing the obligation to accept payment means by card on certain categories of businesses which carry out economic activities in Cyprus. The main purpose of...
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Introduction Back in 2018 the Companies (Amending) Law of 2018 (N. 149(I)/2018) was enacted, focusing, amongst others, on setting in place stricter rules aimed to incentivise Cyprus companies to abide with their statutory obligations including submission of their annual returns with and payment of annual levy to the Registrar of Companies in Cyprus (the “RoC”)....
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The “Ideas Powered for business SME Fund” is a European Commission initiative implemented by the European Union Intellectual Property Office (EUIPO) which consists of a €20 million grant scheme helping European small and medium-sized enterprises (SMEs) to support businesses in developing their IP strategies and protecting their IP rights, at national, regional or EU level...
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Introduction On 13/5/2021 the Commissioner for Personal Data Protection (the “Commissioner”) published a set of Frequently Asked Questions and answers (FAQs) regarding the application of the provisions of Ministerial Decree No. 16 of 2021, issued on 8/5/2021, on measures to prevent the spread of COVID-19. On 12/7/2021 the Commissioner published a new set of Frequently...
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On 28th June 2021 the European Commission adopted an adequacy decision under Regulation (EU) 2016/679 (GDPR) (the “Decision”) for the transfer of data from the EEA to the UK, the first such decision in the post-Brexit era. As a result, the UK is now the 13th country considered officially as a third country which provides...
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On 25th June 2021 the Cyprus Securities and Exchange Commission (the “CySEC“) issued a Directive (R.A.A. 269/2021) regarding the Register of Service Providers concerning Crypto Assets, pursuant to Sections 59 and 61E of the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007, Law 188(I)/2007, as amended (the “Law”). It should be noted that...
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Introduction In the absence of an “adequacy decision” by the Commission that a particular third country ensures an adequate level of protection under the General Data Protection Regulation (GDPR), standard data protection clauses adopted by the Commission in accordance with the Regulation are widely used as legal grounds for data transfers from the EU to...
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