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  • Cyprus Department of Registrar of Companies issues practice direction on the final solution of the Register of Beneficial Owners

    07 March 2024

    The Department of Registrar of Companies in Cyprus has recently issued a practice direction, providing detailed information on the entries that Cyprus entities need to make for complying with the final database solution that accommodates the Cyprus Register of Beneficial Owners (the Register). This guidance comes in the form of a manual and provides information aiming to assist the user in filing the relevant beneficial owner information onto the final solution system that has been developed to facilitate the collection of data for the Register.

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  • EU Commission revises Market Definition Notice for competition cases

    23 February 2024

    On 8 February 2024, the European Commission adopted a revised Market Definition Notice, reflecting new market realities and developments in the Commission’s case practice and EU case law.  

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  • Cyprus Register of Beneficial Owners – Final deadline and return of fines

    13 February 2024

    Further to the recent turbulence which arose as a result of the lapse of the deadline for the submission of details of the beneficial owners of companies with the Cyprus Register of Beneficial Owners (the Cyprus UBO Register), the Cyprus Registrar of Companies has issued guidance pursuant to which it provides a final extension of the deadline for the submission of the details of the beneficial owners to the final solution of the electronic Cyprus UBO Register and it decides the repayment of the fines imposed due to the late filings.

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  • Cyprus Administrative Court recognises rights of affected parties to be heard before the Tender Review Authority

    09 January 2024

    In a welcome and much anticipated interpretation of Cyprus law, the Cyprus Administrative Court has clarified that in proceedings before the Tender Review Authority (the TRA) where the remedies sought include the grant of an order for rendering ineffective a signed contract between the contracting authority and a successful tenderer, such successful tenderer has the right to participate and be heard in the course of the TRA proceedings.

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  • Cyprus prepares for widespread local government reform

    29 June 2023

    One year ahead of the implementation of a widespread local government reform in Cyprus, various streams of work are already running in parallel so that the municipal legislation is ready to support the new structure.

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  • Cyprus publishes draft legislation for transposing DAC6

    07 April 2020

    The Republic of Cyprus has published draft legislation to transpose Directive 2018/822/EU on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6).

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Governmental Institutions

The award of contracts by local and central government, public bodies and authorities is regulated by EU and Cyprus law. Individuals and corporate entities of the private sector have a right to fair and transparent tendering procedures and compliance with the applicable legal framework is set to provide these safeguards.

Harris Kyriakides provides professional advice on all aspects of public procurement matters (supplies, services and works contracts), including structuring the tender transaction and choosing the appropriate tendering procedure, preparing and advising on procurement documents and conducting the evaluation of tenders and managing the procurement process and contract award issues.

We also represent individuals and corporate bodies before the Tenders Review Authority and the Cyprus Supreme Court in Public Procurement disputes. Our practice involves hierarchical and judicial recourses against the validity of tender awards made by public authorities and state organs in Cyprus, temporary measures and appellate procedures.

We currently act for many local governmental organisations, such as the Larnaka Municipality, the Athienou Municipality, the Larnaka Water Board and other.

Nicosia

1 Kinyra Street, 5th floor
1102 Nicosia

Larnaca

115 Faneromenis Avenue,
Antouanettas Building
6031 Larnaca

Limassol

12 Platonos Street,
3027 Limassol

Paphos 

4 Nicou Nicolaidi & Kinyra,
2nd floor, 8011 Paphos

Paralimni

164A Georgiou Gourounia,
1st floor, 5289 Paralimni

Monday – Thursday

8:00 – 18:00

Friday

8:00 – 16:00

TEL: +357 24 201 600

FAX: +357 24 201 601

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