The sunny weather and beautiful landscapes have turned Cyprus into one of Europe’s favorite wedding destinations. Not only locals but also foreign citizens can come and get married here. There are two sides when it comes it organizing a wedding in Cyprus: the first one refers to the legal part…
Corporate Governance in Cyprus The Commercial Law in Cyprus was adopted in 1950 and has undergone a lot of changes during the years. The biggest change occurred in 2002 when the Corporate Governance Code was introduced. The Cypriot Corporate Governance Code is based on the Anglo-Saxon model and is comprised…
Through a will a person expresses the ways in which his or her material or financial assets are to be inherited by close relatives or by appointed persons or institutions. The assets are inherited only after the testator (the person who wrote the will) passed away. In some cases, the inheritors (or persons who were not…
Residence programs by purchasing real estate in Cyprus Cyprus has some of the best residence programs for foreign citizens in the European Union. One of these programs refers to investment by purchasing a property in Cyprus. Considering the success of the scheme, many foreign citizens have established themselves in Cyprus.…
What are the main laws regulating mergers and acquisitions in Cyprus? The main legal framework regulating mergers and acquisitions in Cyprus is the Companies Law, Chapter 13 that contains provisions about mergers, divisions, transfer of assets and exchange of shares between two or more companies. Public mergers are regulated by…
Sometimes, a company might want to change its business structure in Cyprus and is able to do so according to the rules and regulations offered by the local legislation. This can be achieved under certain circumstances. Foreign and national businesspersons interested in changing their legal entity of their businesses can…
Cyprus and Canada signed a treaty for the avoidance of double taxation in 1986, establishing the terms and conditions for the tax residents of the two members-states operating taxable activities in the contracting states. It provides a comprehensive image on the taxation of business profits and its sets a ground for the avoidance of tax evasion. Canadian businessmen who want to operate of the Cypriot…
The protection of Cypriot private property The Cypriot legal system is based on the English common law system, but starting 1960 the country has lined it up with the EU regulations. Cyprus has singed many international conventions and treaties starting with double taxation agreements for taxation matters to treaties for…
In Cyprus, a new intellectual property regime has been imposed starting with January 2012, which is expected to stimulate the intellectual property sector exploitation in the country. In this article, our lawyers in Cyprus briefly analyze how the intellectual property disputes are resolved in Cyprus. Disputes for trade marks in…
Cyprus has a well-established insurance industry which is governed by strict regulations. The main legislation referring to insurance in Cyprus is the Insurance Services and Other Related Issues Law, simply known as the Insurance Law. The legislation covers the following: insurance and reinsurance companies registered in or outside Cyprus; insurance…
