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	<title>MICHALIS C. ZAMBARTAS, Advocates, Legal &amp; Tax Advisors</title>
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		<title>Michalis Zambartas Receives a Certificate of Appreciation for His Contribution to World Bank’s B-READY 2026 Report</title>
		<link>https://zambartaslegal.com/michalis-zambartas-receives-a-certificate-of-appreciation-for-his-contribution-to-world-banks-b-ready-2026-report/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Thu, 15 Oct 2026 08:29:55 +0000</pubDate>
				<category><![CDATA[Achievements]]></category>
		<category><![CDATA[#BREADY2026]]></category>
		<category><![CDATA[#LegalExpertise]]></category>
		<category><![CDATA[#WorldBank]]></category>
		<category><![CDATA[Cyprus]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3132</guid>

					<description><![CDATA[We are pleased to share that Michalis Zambartas has received a Certificate of Appreciation from the World Bank’s Business Ready (B-READY) team for his contribution to B-READY 2026, a corporate flagship report that provides a quantitative assessment of the business and investment climate worldwide. As a regular expert contributor, Michalis shares his knowledge of Cyprus’s [&#8230;]]]></description>
		
		
		
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		<title>Cyprus – Registrar of Companies to Strike Off Companies with Unpaid Annual Levies</title>
		<link>https://zambartaslegal.com/cyprus-registrar-of-companies-to-strike-off-companies-with-unpaid-annual-levies/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Wed, 14 Oct 2026 08:24:35 +0000</pubDate>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[Cyprus Companies Law (Cap. 113)]]></category>
		<category><![CDATA[Registrar of Companies Cyprus]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3130</guid>

					<description><![CDATA[On 30 September 2026, the Department of the Registrar of Companies and Intellectual Property in Cyprus announced that in December it will begin the process of striking off of companies that have failed to pay their annual levies. This constitutes a new cycle of striking off by the Registrar of Companies for companies which are [&#8230;]]]></description>
		
		
		
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		<title>Cyprus Secures ‘A’ Credit Rating as S&#038;P Maintains Positive Outlook</title>
		<link>https://zambartaslegal.com/cyprus-secures-a-credit-rating-as-sp-maintains-positive-outlook/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Tue, 13 Oct 2026 08:18:07 +0000</pubDate>
				<category><![CDATA[Government of Cyprus]]></category>
		<category><![CDATA[credit rating]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[S&P]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3127</guid>

					<description><![CDATA[The Ministry of Finance of Cyprus has announced that S&#38;P Global Ratings has upgraded the credit rating of the country from ‘A-’ to ‘A’ while retaining a positive outlook. The decision marks the country’s return to the ‘A’ category for the first time since 2010. According to the Ministry, S&#38;P forecasts GDP growth of 2.7% [&#8230;]]]></description>
		
		
		
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		<title>Cyprus to Extend the Transitional Period on 5% Reduced VAT for Primary Homes</title>
		<link>https://zambartaslegal.com/cyprus-to-extend-the-transitional-period-on-5-reduced-vat-for-primary-homes/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Fri, 17 Apr 2026 10:20:16 +0000</pubDate>
				<category><![CDATA[VAT]]></category>
		<category><![CDATA[5% VAT]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[primary home]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3122</guid>

					<description><![CDATA[Cyprus is to extend the transitional period on the 5% reduced VAT rate for primary residences (first homes) until the end of the year. The transitional period was supposed to end at the end of June 2026. The amendment gives applicants four years instead of three from the 2023 VAT law change to submit the [&#8230;]]]></description>
		
		
		
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		<title>Cyprus Approves New €100 Million Support Package to Ease Impact of Iran War</title>
		<link>https://zambartaslegal.com/cyprus-approves-new-e100-million-support-package-to-ease-impact-of-iran-war/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Mon, 30 Mar 2026 09:53:31 +0000</pubDate>
				<category><![CDATA[Government of Cyprus]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[VAT]]></category>
		<category><![CDATA[war]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3118</guid>

					<description><![CDATA[On 25 March 2026, the Council of Ministers of Cyprus approved a new €100 million package to protect households, businesses, and key sectors from the economic fallout of the war against Iran. This comes on top of the previous €100 million already allocated to manage rising costs due to the COVID pandemic and the war [&#8230;]]]></description>
		
		
		
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		<title>Cyprus Plans to Introduce New Rules for Property Purchases by Third-Country Nationals</title>
		<link>https://zambartaslegal.com/cyprus-plans-to-introduce-new-rules-for-property-purchases-by-third-country-nationals/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Wed, 18 Feb 2026 10:24:12 +0000</pubDate>
				<category><![CDATA[Real Estate Law]]></category>
		<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[non-EU]]></category>
		<category><![CDATA[property]]></category>
		<category><![CDATA[property acquisitions]]></category>
		<category><![CDATA[purchase]]></category>
		<category><![CDATA[third-country national]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3111</guid>

					<description><![CDATA[Cyprus is preparing to introduce new rules to the legal framework for land and property purchases by non-EU nationals. In recent years, Cyprus has seen a notable increase in property acquisitions by third-country nationals. The scale of these acquisitions caused public concern as with other countries in Europe. Although the proposed changes have not yet [&#8230;]]]></description>
		
		
		
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		<title>Cyprus: A Growing Tech Hub in accordance with Official Data</title>
		<link>https://zambartaslegal.com/cyprus-a-growing-tech-hub-in-accordance-with-official-data/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Wed, 24 Sep 2025 08:39:18 +0000</pubDate>
				<category><![CDATA[Citizenship, Immigration]]></category>
		<category><![CDATA[BFU]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[tech hub]]></category>
		<category><![CDATA[work permit]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3101</guid>

					<description><![CDATA[Cyprus is emerging as a regional tech powerhouse, with the sector now contributing over €8 billion to the economy, according to the recent study by KPMG Cyprus. As a consequence, thousands of foreign professionals have relocated to the island, drawn by government initiatives like the establishment of the Business Facilitation Unit, the digital nomad visa [&#8230;]]]></description>
		
		
		
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		<title>Cyprus &#8211; Company Registry Update Campaign</title>
		<link>https://zambartaslegal.com/cyprus-company-registry-update-campaign/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Thu, 04 Sep 2025 06:45:05 +0000</pubDate>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[Chapter 113]]></category>
		<category><![CDATA[Companies Law]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[Department of the Registrar of Companies and Intellectual Property]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3095</guid>

					<description><![CDATA[On 27 August 2025, the Department of the Registrar of Companies and Intellectual Property made an announcement urging all registered companies to review and update their corporate data. Accordingly, all registered companies are expected to review and update their corporate details in accordance with current legislation to enhance data accuracy and ensure compliance with the [&#8230;]]]></description>
		
		
		
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		<title>Important Notice for Cyprus-based Organisations: Confirmation of Beneficial Ownership Details for the Year 2025</title>
		<link>https://zambartaslegal.com/important-notice-for-cyprus-based-organisations-confirmation-of-beneficial-ownership-details-for-the-year-2025/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Mon, 01 Sep 2025 06:58:47 +0000</pubDate>
				<category><![CDATA[Compliance]]></category>
		<category><![CDATA[beneficial ownership register]]></category>
		<category><![CDATA[Cyprus]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3092</guid>

					<description><![CDATA[On 25 August 2025, the Department of the Registrar of Companies and Intellectual Property (DRCIP) announced that all companies, partnerships, and European Public Limited Companies (SEs) registered in Cyprus must confirm their Beneficial Ownership (BO) information for the year 2025 in a period from October 1 to December 31, 2025. Between these dates, organisations are [&#8230;]]]></description>
		
		
		
			</item>
		<item>
		<title>Cyprus House of Parliament Approves the Creation of National Sanctions Unit</title>
		<link>https://zambartaslegal.com/cyprus-house-of-parliament-approves-the-creation-of-national-sanctions-unit/</link>
		
		<dc:creator><![CDATA[Michalis C. Zambartas]]></dc:creator>
		<pubDate>Thu, 31 Jul 2025 08:33:10 +0000</pubDate>
				<category><![CDATA[Compliance]]></category>
		<category><![CDATA[Government of Cyprus]]></category>
		<category><![CDATA[Cyprus]]></category>
		<category><![CDATA[sanctions]]></category>
		<category><![CDATA[sanctions unit]]></category>
		<guid isPermaLink="false">https://zambartaslegal.com/?p=3086</guid>

					<description><![CDATA[Recently, the Cyprus House of Parliament has passed legislation approving the creation of a financial sanctions unit within the Ministry of Finance. The unit will coordinate the enforcement of sanctions issued by the EU and UN, impose fines, and provide guidance to government departments. It also mandates sharing information with foreign agencies and protects whistleblowers. [&#8230;]]]></description>
		
		
		
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