Cyprus’ efforts to strengthen its position as a regional financial center of the European Union and the EMEA region has seen amendments to the betting regime earlier this year. The Betting Law of 2019 (the “Law”) reaffirms the position of the National Betting Authority (‘NBA”), as the national regulatory body on matters relating to betting...Read More
The Council of the European Union during the period between 01/05/2019 to 20/06/2019 passed various resolutions giving effect to the following: 1) Republic of Maldives – abolition of regime of autonomous restrictive measures of EU, decisions and regulations taken on 17th of June 2019, in relation to the restrictive measures due to the situation in...Read More
A Company Limited by guarantee is a form of companies provided for under Cyprus Companies Law (Cap. 113), although normally used only for charitable or non-profit making purposes under section 20 of Cyprus Companies Law (Cap. 113). This is similar to other companies provided for under the law, with the main differences relating to their...Read More
The Financial Times Professional Wealth Management group’s recent study of CBI programmes, around the world, ranked Cyprus ahead of other European countries Austria, Bulgaria and Malta, for its highly attractive travel and residency requirements. A primary objective of the CBI Index was to isolate factors or “pillars” satisfactorily measuring the CBI programmes features and desirability...Read More
Nowadays it is very common if not essential for many companies to obtain a loan in order to grow their businesses. However, these companies, or other usually affiliated entities, will invariably need to provide a form of security to the lender for the securing of the repayment of their obligations. This article wishes to summarise...Read More
On the 15th of February 2017, Cyprus adopted the “Startup Visa” (Startup Permit Scheme) for third country nationals interested in residing and investing in innovative businesses in Cyprus. This National Plan will initially be applied for two years, during which 150 residence permits are available to be issued.Read More
A Shareholders’ agreement (SHA) is a private contract between the members of the company containing, amongst others, the rules for running and owning the company. A SHA regulates that relationship as well as setting the grounds in the event of a deadlock. It is important for the shareholders to enter into a SHA before, or...Read More
A patent is the legal instrument provided nationally, on a European level and/or internationally, for the protection of any manufacture used for, amongst others, industrial purposes. By registering a patent, an inventor will exclude others from commercially exploiting the invention for a limited period, in return for the disclosure of the invention.Read More
Cyprus International Trusts (“CIT’s”) have evolved considerably since 1992 when they were formally introduced in Cyprus legislation. The 1992 Law was not a self-contained law but it built on the 1955 Trustees Law, Cap.193 which is almost identical to the English Trustees Act of 1925.Read More
What do Skype, Facebook, lung medicine “Pulmicort” and a pacemaker have in common? They are all the result of research and innovation. Moreover, they represent items of protected intellectual property (“IP”). Innovation is at the heart of world development and its preservation cannot be overemphasized. In the words of a US congressman Howard Berman, protection...Read More
