Insights
Practical commentary on the legal developments that affect businesses and individuals in Cyprus.
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Banking & Finance
A Cyprus company is a European Company. As such a Cyprus company is acceptable by European banks for the opening of merchant accounts provided that certain preconditions are met on behalf of the applicant. What is a merchant account? A merchant account is a special kind of bank account that exists for the purpose of… Read More
Banking & Finance
The Central Bank of Cyprus has on the 9th of April 2016 activated the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme (DGS) in the case of the Federal Bank of the Middle East (FBME). The DGS is activated under the provisions of the Deposit Guarantee Schemes Law, Law 5(I)/2016 (“the Law”) and… Read More
Tax Law
Read the recently updated double tax treaty list of Cyprus as issued by the Ministry of Finance. Cyprus currently has 58 double tax treaties. Click the link below. http://www.mof.gov.cy/mof/mof.nsf/page26_en/page26_en?OpenDocument
Litigation Services
The judgement of the European Court of Human Rights in the Vrountou case issued on the 13th of October 2015, attracted a lot of media attention. [READ THE CASE SUMMARY HERE] The managing partner of our law firm Christophoros Christophi gave numerous interviews in TV, radio and newspapers while the Greek and English press… Read More
Litigation Services
The European Court of Human Rights (ECHR) delivered yesterday 13/10/2015 its judgment in the case of Vrountou v. Republic of Cyprus (application no. 33631/06). Our law firm represented the applicant in the appeal procedure in the national courts as well as before the ECHR. The Violations. The ECHR found that the Republic of Cyprus violated… Read More
Tax Law
The Commission has welcomed a unanimous agreement by Member States on the automatic exchange of information on cross-border tax rulings, just seven months after the presentation of the Commission's ambitious proposal on the subject. The new rules should lead to greater cooperation between Member States on tax matters and act as a deterrent from using tax… Read More
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