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 […]
Employment of Third Country Nationals in Cyprus Read More »
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
New Business Relocation Read More »
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
Shareholders’ Agreements: What is it, why it’s important, key points Read More »
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
Drag Along and Tag Along Rights in Shareholders Agreements Read More »
We are often asked to advise on a Company having a 50-50 share and profit allocation. When first starting out, there is little to divide and to argue over. It is thus easy to agree on a 50-50 allocation of rights and profits. What happens however when the business hits rough water? Our response is
50-50 and Shareholder’s Arrangements Read More »
As a measure to enhance transparency in transactions and operations of companies and other legal entities in Cyprus, in early 2021, the government of Cyprus amended the Law for the Prevention and Suppression of Money Laundering Activities to implement the 5th EU Anti-Money Laundering (AML) Directive. The amended legislation introduced the requirement to establish Registers
The Register of Ultimate Beneficial Owners in Cyprus Read More »
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