The Government of Cyprus will appoint Mr. Kyriacos Kokkinos as Deputy Minister of Research, Innovation and Digital Policy as of the 1st of March 2020. The establishment of the Deputy
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The House of Representatives of the Republic of Cyprus passed a new law on Friday, 17th January 2020, The Regulation of the Establishment and Operation of Hotels and Touristic Accommodations
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The Procedures of Settlement of Tax Arrears (Amending) Law (L. 11(I)/2020) was entered into effect on the 14/2/2020. The above mentioned law makes provisions for all tax arrears for the
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The Rent Control Law of 1983 (23/1983) (the “Law”) was amended on the 31st January 2020 in order to ease the legal procedures in the Republic of Cyprus for the
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Further to our recent news provided on January 10 on the EU Negative Interest Rate in Cyprus; Bank of Cyprus Plc recently announced that it will charge fees on deposit
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As of March 3 2020, Hellenic Bank Plc will start charging negative interest rates on deposits exceeding EURO 100,000. In accordance with the Cyprus News Agency these will only be
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In a press release dated 6 December 2019 the Advisory Authority for Combatting Money Laundering (the “Authority”) of the Republic of Cyprus announced that the discussions for the latest Moneyval
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On the 2nd January 2020 the President of the Republic of Cyprus Nicos Anastasiades, the Prime Minister of Greece Kyriakos Mitsotakis and the Prime Minister of Israel Benjamin Netanyahu signed
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EU Directive 2018/822 (DAC6), adopted in May 2018, provides that EU intermediaries such as banks, law firms, corporate service providers, accounting firms, and tax payers themselves make a mandatory reporting
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On Wednesday, 13th February 2019, the Council of Ministers approved the changes to the Cyprus’s Citizenship by Investment program. Since its launch in 2013, the program generated €6,6 billion of
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