According to the latest update on November 28, 2022, from the Cyprus authorities, access to the Register of Beneficial Owners is no longer available for the general public. This is an attempt by the Cyprus authorities to abide by the judgement of the ECJ (European Court of Justice). According to the Department of Registrar of […]
Cyprus Has Suspended Public Access to the Beneficial Owners Register Read More »
Binance announced that the Cyprus Securities and Exchange Commission had granted Binance Cyprus Limited Class 3 registration as a Crypto Asset Services Provider (CASP) (CySEC). Binance will be able to provide services, such as spot, custodian, staking, and card services (following in the footsteps of competitor cryptocurrency exchange FTX, which established a Cypriot firm in
Cyprus Registers Binance as a Crypto Asset Service Provider Read More »
On November 11, in one of the most publicized crypto meltdowns, FTX filed for bankruptcy in Delaware, leaving an estimated 1 million clients and other investors facing total losses in the billions of dollars. FTX breaches their own terms of service The exchange stopped accepting customer withdrawals because it did not have enough money to
FTX leaves 1 million clients facing total losses Read More »
Up to now, no uniform regulatory framework has been adopted at EU Level to regulate Crypto-Assets, Crypto-Asset Issuers, and Crypto-Asset Service Providers. This is bound to change as, on June 30th, 2022, the European Parliament and the Council Presidency reached a provisional agreement on the Proposed Markets in Crypto-Assets Regulation (“MiCA Regulation”), in an attempt
Markets in Crypto-Assets Changes Read More »
The Cyprus Government introduced further immigration and tax incentives to encourage businesses to relocate to Cyprus. Naturalisation (Citizenship) Third Country Nationals employed by Cyprus Companies now have the right to apply for Naturalisation (Cyprus citizenship) after 5 years of residing and working in Cyprus (instead of 7 years, as used to be the case) Furthermore,
Working in Cyprus: Third Country National Employees Read More »
The House of Representatives of Cyprus recently (Friday 22/05/2020) approved a highly anticipated legislative proposal amending the Income Tax Law (Law no.118(I)/2002) to provide for substantial tax incentives to landlords and property owners who accept to lower rent payments for their tenants. In particular, landowners will be given a tax credit of 50% of the
Income Tax Breaks on Rent Reductions in Cyprus: Our View Read More »
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