In a world of constant change and development of new technologies, even traditional banking institutions faced substantial competition during the last years. With the introduction of new technologies in the finance space (the infamous ‘fintech’) and new business models, one of the questions we are often asked by our clients is ‘What is the difference
EMIs vs Traditional Bank Read More »
Reducing a company’s share capital is a strategic decision that companies may undertake for various reasons. In Cyprus, this process is governed by the Companies Law, Cap. 113, and requires court approval, inter alia, to protect the interests of creditors and key stakeholders. What is a Share Capital Reduction? A share capital reduction allows a
Reduction of Share Capital of Cyprus Companies Read More »
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 »
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 »
Understanding the Law and Planning Ahead Succession planning is a crucial aspect of business management, particularly for family-owned businesses. In the context of the law in Cyprus, there are four stages to consider when planning for business succession. Identifying Potential Successors The first stage is identifying potential successors. This involves assessing family members or key
The 4 Stages of Succession Planning for Family-Owned Businesses in Cyprus Read More »
All Companies registered in Cyprus have the obligation to keep accurate accounting records to prepare and submit to the Registrar of Companies a copy of their annual Audited Financial Statements. The House of Representatives recently introduced amendments to the Cyprus Company Law, Cap. 113, reducing the scope of this obligation. These have been introduced by
Sign up for the monthly newsletter and never miss an update.
