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 »
Cyprus is one of the jurisdictions that allows the redomiciliation of Companies in and out of the country. A Company which is operating under the laws of the Republic of Cyprus and which wishes to continue to operate under the legal regime of a foreign jurisdiction, may apply to transfer its seat to the foreign
Redomiciliation out of Cyprus: What you need to know 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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