A recent court case in Cyprus has highlighted the risks buyers may face when purchasing real estate in Cyprus. According to a report by Phileleftheros newspaper, a buyer purchased an apartment only to later discover that it had already been sold to someone else. The case highlights the importance of legal due diligence in real […]
Buying a Property in Cyprus: Role of the Land Registry & Due Diligence Read More »
Cyprus Digital Nomad Visa Scheme: Reopening of Applications The Deputy Ministry of Migration and International Protection officially, announced the reopening of applications for the Cyprus Digital Nomad Visa Scheme. The maximum number of new permits that will be issued by the Civil Registry and Migration Department under the Digital Nomad Visa Scheme is set to 500.
Cyprus Digital Nomad Visa Read More »
Pledging shares of a Cyprus Company (Share Pledge) is a very common practice to secure financial or commercial obligations. This article aims to explain what is a Pledge of shares in a Cyprus company, the process for establishing a share pledge, and its popularity as a security mechanism. What is a Share Pledge Agreement? A
Pledging Shares in a Cyprus Company 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 »
The Commissioner for Personal Data Protection in Cyprus recently announced the launch of an independent investigation in the controversial case of photos of children in school being shared on social media. The case serves as an important reminder, not only of the rights of individuals to personal data protection but also of the powers that
GDPR Compliance: Independent Investigations Read More »
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