Georgia Anastasi

First-time home buyers, can benefit of a reduced VAT of 5% (instead of 19% which otherwise applies) for the first 200m2 of newly constructed residential properties to be used as their permanent residence. A draft bill has recently been submitted to the Cyprus Parliament which, if approved, will introduce limits to the scope of application

The Cyprus Government recently introduced its revised policy aiming to encourage businesses to consider Cyprus as a regional headquarter, a place to do business in and out of. Employment of Third Country Nationals in Cyprus One of the most important new developments is the introduction of a new policy for the employment of Third Country

The Cyprus Government recently introduced its revised policy aiming to encourage businesses to consider Cyprus as a regional headquarter, a place to do business in and out of. The new incentives include both Simplified Immigration Procedures, tax incentives for third country nationals employees and even a shorter time frame for naturalization. To clarify and guide you through

Shareholders’ Agreements are contracts between the members of a company which outline the way in which the company will be operated and may determine the rights and obligations of each shareholder. Although there is no legal obligation to conclude such agreements, these are a useful tool to prevent conflicts arising in the management or decision

Clauses providing for drag along and tag along rights, are becoming increasingly common in Shareholders’ Agreements. What are these rights and what purpose do they serve? A Shareholders’ Agreement is a private agreement between the shareholders of a company which regulates their relationship, the rights and obligations towards each other and sets the grounds in