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
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The Council of Ministers of Cyprus has the power, pursuant to Article 8(4)(a) of Rent Control Law of 1983 (23/1983) (the “Law”), to determine the maximum increase of rent for residential and commercial real estate which falls within the scope of application of the Law. Following a decision of the Council of Ministers earlier in
Rent Control Law: Maximum Increase in Rent at 6% Read More »
As of July 2000, the rights of the employees in Cyprus in cases of transfer of undertakings, businesses or part thereof, are safeguarded and regulated by ‘the Safeguarding and Protection of Employees Rights in the Event of the Transfer of Undertakings, Businesses or Parts Thereof Law (104(I)/2000)’ (the «Law»). The Law applies to the transfer
Transfer of Undertakings or Businesses: Safeguarding Employees’ Rights Read More »
Our team has successfully advised one of Israel’s most promising start ups on establishing a presence in Cyprus and relocating key team members from Russia and Israel to Cyprus. Our client, a prominent start up in the sports education field, was looking for options for relocation of some of its key employees, who are Russian
Legal Update: Advising Israeli Start-up on Relocation of Key Employees to Cyprus Read More »
A trust is a legal arrangement in which a person (settlor) transfers assets to another person or entity (the trustee) to hold for the benefit of others (the beneficiaries). Trusts are a creation of the English (Common) Law system. They offer great flexibility and can be a very useful tool in estate planning and wealth
Trusts in Cyprus: What is a Trust & When is it Used? Read More »
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