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: 18 February 2020

We are pleased to share our 2020 guide on Cyprus Tax Facts and Figures. This comprehensive and easy-to-use publication is aiming to provide complete, valid and updated information to Cyprus companies and individuals based on the cypriot legislation and tax practices.

: 04 February 2020

The House of Representatives of the Republic of Cyprus has amended the Transfer and Mortgage of Property Law of 1965 (9/65) (the Law) in 2015, through the introduction of Part VIB of the Law, seeking to protect “Trapped buyers”.

: 03 February 2020

IFRS 17 Insurance Contract (International Financial Reporting Standards) is the new accounting standards for insurance contracts. IFRS 17 was introduced on May 2017 by International Accounting Standards Board (IASB) and it is a profound development on setting out a common global accounting standard on measurement, recognition of profit and loss, presentation and disclosure of insurance contracts.

: 31 January 2020

On 24 January 2020 the House of Representatives of the Republic of Cyprus has passed an amendment to the Rent Control Law of 1983 (the “Law”) that aims to make the eviction procedure easier and quicker.

: 30 January 2020

The Cyprus Department of Registrar of Companies and Official Receiver announced on 18th December 2019, that the imposition of a charge on the late submission of forms, as set out in the Companies Law, is postponed from the 18th December 2019 until the 21stApril 2020.

: 10 January 2020

What every business needs to know about the EU's General Data Protection regulation.

: 16 December 2019

On October 11th, 2019, the Commissioner for personal data protection announced the results of an assessment conducted on the level of compliance with the provisions of the Regulation (EU) 2016/679 and the Law 125(I)/2018 in the Public Sector.

: 02 December 2019

The party who is affected by an administrative act can seek temporary protection from the Administrative Court through an application for provisional injunction to stay the enforcement of that administrative act until the Administrative Court decides the lawfulness of the said administrative act.

: 20 September 2019

On 25 July 2019 the Council of Ministers has decided a number of amendments to the Cyprus Citizenship Programme, which aims to exclude politically exposed persons from the right to apply for the acquisition of the Cyprus citizenship.

: 16 September 2019

On 30th July 2019 the Greek Data Protection Authority has published an important decision on consent declarations concerning the processing of employees’ data. Our GDPR discusses the guidance issued by the Greek Data Protection Authority and its possible ramifications for Cyprus businesses.

: 16 September 2019

On 31 July 2018, the Cyprus Parliament enacted Law 124(I)/2018 Alternative Investments Funds Law of Cyprus (the AIF law) which allowed for the establishment of a new investment vehicle called Registered Alternative Investment Funds (RAIF).

: 12 September 2019

On 12 February 2019, the European Data Protection Board (EDPB) adopted its first opinion (the Opinion) on an administrative arrangement, which provides a new mechanism for the transfer of personal data between European Union (EU) financial supervisory authorities and securities agencies and their non-EU counterparts.

: 11 September 2019

: 11 September 2019

The EU Succession Regulation (EU Regulation 650/2012, also known as the Brussels IV) governs cross-border issues of succession within the European Union.

: 11 September 2019

Succession in Cyprus is governed by two main pieces of national legislation, namely the Wills and Succession Law (Cap. 195) and of the Administration of Deceased’s Estate Law (Cap. 189). In addition, as a member of the European Union, Cyprus applies European law on succession matters, such as the EU Succession Regulation (650/2012).

: 28 August 2019

Institutions are occasionally prohibited from suing sovereign governments without their consent on the basis of the soverign immunity doctrine. Harris Kyriakides LLC summarises the Cyprus position on the matter in the 2019 Sovereign Immunity edition of #Lexology. You can read the Cyprus chapter here.

: 09 August 2019

A report published by the European Commission on the General Data Protection Regulation which is adopted with a common EU approach to the protection of personal data, directly applicable in the Member-States shows that it has achieved many of its objectives but needs more work.

: 22 July 2019

The United Kingdom is currently in the process of exiting the European Union through an unprecedented, extensive and uncertain procedure. We touch upon the key areas of Cyprus law which may be affected from the UK withdrawal from the European Union.

: 11 July 2019

Cyprus has enacted a new law on the Registration and Regulation of the Services of Sworn Translators, which establishes the Registry of Sworn Translators and regulates official translations and related certifications.

: 08 July 2019

In the Compensations booklet below, you may find a summary of all rulings issued by the Cypriot courts in 2018, in which compensations were awarded for damages resulting from any form of accident. The purpose of this report is to give an indication of the amount of compensation given for various accident cases.

: 02 July 2019

We welcome applications from talented, highly motivated and committed graduates who are seeking an excellent working environment, challenging experiences and opportunities by joining our 2019-2020 trainee programme.

: 01 July 2019

The European Data Protection Board published an opinion on the interplay between the EU Directive on Privacy and Electronic Communications and the General Data Protection Regulation to generally clarify whether the processing of personal data triggers the material scope of both the GDPR and the ePrivacy Directive.

: 28 June 2019

The European Court of Justice delivered a judgment to clarify the question of defining judicial authority competent to issue a European Arrest Warrant, and ruled on the sufficient guarantee of independence required to be regarded as such under EU law.

: 25 June 2019

The European Commission has published a guidance to help to clarify the interaction between two sets of rules for free flow of personal and non-personal data as well as mixed data sets.

: 25 June 2019

A big thank you to everyone who came to the Students' Open Day in our Head Offices in Larnaca. It was a pleasure having you here, and hope you enjoyed your visit.

: 24 June 2019

Following an audit carried out in the insurance sector, the Commissioner for Personal Data Protection (the Commissioner) published her findings about the improvements to be made and accomplished before the end of June.

: 24 June 2019

Recent European legislation makes it easier and cheaper to set up a company as well as registering branches or filing documents, especially in cross border operations.

: 12 June 2019

Recent European legislation is giving reputable bankrupt entrepreneurs a second chance and makes it easier for viable enterprises in financial difficulties to access preventive restructuring frameworks at an early stage to prevent insolvency.

: 27 May 2019

It is our great pleasure to receive the Internship Office partner logo for 2019 by the University of Oxford.

: 13 May 2019

The proposal, as submitted by the Commission, seeks to amend the Motor Insurance Directive (2009/103/EC) in five specific areas: (i) insolvency of the insurer; (ii) claims history; (iii) risks due to uninsured driving; (iv) minimum amounts of cover; and (v) scope of the Directive.

: 13 May 2019

The Ministry of Interior has published the decision of the Council of Ministers that was taken during its previous meeting and concerns a clarification on the Cyprus Investment Programme.

: 13 May 2019

Companies are increasingly using marketing to promote their products and services not only to their existing customers but also to potential ones. This is the purpose of the electronic marketing, to target individuals using digital methods, such as text messages or emails.

: 02 May 2019

On 14 November 2018, the Supreme Court of Cyprus issued its decision in Metaquotes software ltd v xxxxx Dababou Civil Appeal No. E234/2016.

: 17 April 2019

Harris Kyriakides LLC was awarded with a Gold Standard Internship Host Award by The University of Oxford. The Internship Office of the University of Oxford honored our firm for the support.

: 15 April 2019

Every organised society is governed by a set of rules of law, that its members are bound to follow. At the same time, given that our legal system follows the rules of common law.

: 10 April 2019

On 14 July 2017 the Cyprus parliament voted for a Cyprus tax law amendment to also provide that an individual can be a Tax Resident of Cyprus even if he/she spends less that 183 days in the Republic.