Financial

The EU’s Deposit Guarantee Scheme in Cyprus: Doing Business Internationally

Cyprus, Financial, Governments, International, Legal, Residency, Taxes /

The EU’s Deposit Guarantee scheme is often considered as a key element of stability in the EU’s banking sector, introduced following the financial crisis of the mid-2010s. However, this sounds like a complicated financial term and can cause confusion. Firstly, what is a Deposit? And What is a Deposit Guarantee Scheme?   Money kept at […]

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Where Innovation Meets Lifestyle and Opportunity Meets Homeland: Discover ‘Minds in Cyprus’

Cyprus, Financial, Governments, International, Legal, Residency, Taxes /

Minds in Cyprus: Cyprus Supports the Repatriation of High Skilled Professionals The Cyprus government has recently launched the “Minds in Cyprus” initiative, an ambitious programme aimed at encouraging highly skilled Cypriots residing abroad, to return to Cyprus and contribute to the country’s ongoing economic and scientific transformation. The programme is a key part of the

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Reduction of Share Capital of Cyprus Companies

Acquisitions, Cyprus, Financial, GDPR, Governments, International, Legal, Residency, Taxes /

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

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Buying a Property in Cyprus: Role of the Land Registry & Due Diligence

Acquisitions, Cyprus, Financial, GDPR, Governments, International, Legal, Residency, Taxes /

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

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