National rules and regulations governing succession and inheritance matters vary significantly from one country to another. Especially with the free movement of people across the EU, regulation of such matters was necessary at the EU level. Accordingly, in 2012 the European Union (EU) introduced Regulation 650/2012 in an effort to simplify cross-border succession procedures, i.e.,
EU Cross Border Succession Regulation Read More »
On November 11, in one of the most publicized crypto meltdowns, FTX filed for bankruptcy in Delaware, leaving an estimated 1 million clients and other investors facing total losses in the billions of dollars. FTX breaches their own terms of service The exchange stopped accepting customer withdrawals because it did not have enough money to
FTX leaves 1 million clients facing total losses Read More »
Up to now, no uniform regulatory framework has been adopted at EU Level to regulate Crypto-Assets, Crypto-Asset Issuers, and Crypto-Asset Service Providers. This is bound to change as, on June 30th, 2022, the European Parliament and the Council Presidency reached a provisional agreement on the Proposed Markets in Crypto-Assets Regulation (“MiCA Regulation”), in an attempt
Markets in Crypto-Assets Changes Read More »
According to the latest figures announced by the Cyprus Government, the newly-introduced Fast-Track Business Activation Mechanism has been very successful and has attracted great interest from both new and established businesses. This mechanism has already been used by many prominent companies to set up operations in Cyprus and demand has exceeded all expectations. The success
Fast-Track Activation Mechanism: Great Demand in the first few months Read More »
Pink Slip is a temporary residence permit for Non-EU citizens, visitors and students wishing to stay in Cyprus for more than 90 days. The Pink Slip allows people who hold a Non-European passport to extend their stay in Cyprus for more than 3 months. It, also, does no matter what was the duration of their
What is Pink Slip? Read More »
The United Kingdom is now officially outside the EU. Due to Brexit, there are some changes for UK nationals who already reside in Cyprus or are planning to come to Cyprus to live and work. The Withdrawal Agreement, between the UK and the EU, is protecting the rights of UK nationals and their family members
Brexit and UK Nationals Read More »
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