The GDPR sets out extensive rules that businesses across the EU and handling data of EU citizens are required to follow. A key aspect of GDPR compliance is understanding the difference between personal data and sensitive data (also known as “special category data”). What is as Personal Data? Personal data is any information that can […]
GDPR: Personal vs. Sensitive Data Read More »
During 2024 the House of Representatives enacted a key amendment to the Aliens and Immigration Law (Cap. 105), aligning Cyprus law with Directive (EU) 2021/1883 (so called EU Blue Card Directive). The amendment introduced the EU Blue Card scheme in Cyprus. What is the EU Blue Card? The EU Blue Card is a work and
The EU Blue Card in Cyprus: Recent Developments and Benefits Read More »
The Department of the Registrar of Companies and Intellectual Property (DRCIP) has recently announced important changes to the implementation framework of the Register of Beneficial Owners. These changes are introduced under Law No. 141(I)/2024, which amends the Prevention and Suppression of Money Laundering Activities Law of 2007 (the ‘AML Legislation’). These changes seek to enhance
Major Updates to the Beneficial Owners Register Framework Read More »
As Cyprus looks to expand its educational landscape and aims to become a hub for higher education, reforms to the legal framework surrounding the establishment and operation of foreign university branches are under review. Current Legal Framework The establishment and operation of universities and other institutions of Tertiary Education in Cyprus is overseen by the
Establishing a University Branch in Cyprus: Proposed Changes in the Legal Framework Read More »
As I’m currently working on an interesting transaction for the sale of a well-established business, the question of tax liabilities and how these will be allocated between the Parties came up. With this article, I aim to outline and explain one of the key provisions in agreements for the sale of a business and similar
Buying a Business: Tax Covenants in Sale and Purchase Agreements Read More »
The Cyprus Government is in the process of implementing the EU framework for ‘Blue Cards’. The Government recently announced a new draft legislation establishing the legal framework and procedures for the issuance of residency and work permits to highly-skilled, third-country, employees, in line with relevant EU legislation. This new type of residency permit, to be
New Cyprus Residency Permit (Blue Card) for Highly-Skilled Workers Read More »
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