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...Read More

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”)....Read More

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...Read More

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...Read More