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