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
On the 24th of February 2017 Cyprus’ House of Representatives has ratified the Hague Trust Convention with Law N. 4(ΙΙΙ)/2017 relating to the Hague Convention on the law applicable on trusts and the recognition thereof (Ratifying) Law. The Hague Convention on the law applicable on Trust is a multilateral treaty developed by the Hague Conference...Read More
The Cyprus Companies Law, Cap. 113 provides three methods for winding-up a Cyprus company: voluntary winding-up (either by the members or by the creditors); involuntary winding-up by its creditors; and voluntary winding-up by the Court or winding-up subject to the supervision of the Court.Read More
