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The European Union has established the objective of maintaining and developing an area of freedom, security and justice, inter alia, by facilitating access to justice, in particular through the principle of mutual recognition of judicial and extrajudicial decisions in civil matters. For the purposes of free circulation of judgments, a judgment issued by a Court...
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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...
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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...
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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...
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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.
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