On 24 January 2024, the Department of Registrar of Companies and Intellectual Property (the Registrar) announced that all registered companies with the Registrar should verify and update their registered office
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Spain is experiencing a housing crisis. Shortages and rising housing prices are believed to be caused by foreign buyers and mass tourism hence recently large protests were held against tourists
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On 12 December 2024, the Cyprus House of Representatives approved the transposition of Council Directive (EU) 2022/2523 of 14 December 2022, referred to as the “Pillar Two Directive,” into domestic
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The Deputy Ministry of Research, Innovation and Digital Policy announced at the end of 2024, that the Council of Ministers approved the revision of the Startup Visa Scheme to attract
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On 16 December 2024, the Department of the Registrar of Companies and Intellectual Property (the Registrar) announced significant updates to the Beneficial Ownership Registry framework under the Prevention and Combating
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Cyprus is celebrating the earning of its third credit rating upgrade within a month. Standard & Poor’s (S&P) has upgraded Cyprus’s long-term credit rating to A-, reflecting stable prospects and balanced
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Credit rating agency Fitch has upgraded Cyprus’ credit rating from BBB+ to A-, marking the second upgrade in three weeks. Fitch attributed this positive change to Cyprus’ rapid reduction in
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In 2021, the House of Representatives passed a bill amending section 2(1) of the Advocates Law Cap. 2 which provides that drafting of contracts of sale, and rent of immovable
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On 22 November 2024, the international rating agency Moody’s upgraded the credit rating of Cyprus by a double notch. Cyprus’s senior unsecured and long-term issuer ratings were raised by Moody’s
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On 21 November 2024, the House of Parliament passed a law amendment significantly reducing the fines for corporate entities that fail to declare their ultimate beneficial owners (UBOs) on time.
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