NEWS

On February 11, 2025, the European Commission made available its 2025 work program, outlining legislative priorities for the year ahead. Among the notable developments is its intention to withdraw three major draft proposals: the ePrivacy Regulation, the Standard Essential Patents (SEPs) Regulation, and the AI Liability Directive. The ePrivacy Regulation aimed at replacing ePrivacy Directive currently...Read More

Following its formal adoption by the Council, Directive (EU) 2025/25—amending previous directives on the use of digital tools and processes in company law—was officially published in the Official Journal of the European Union on January 10, 2025. This Directive represents a major advancement in enhancing transparency, streamlining administrative processes, and facilitating cross-border business through the...Read More

In an effort to enhance transparency and ensure compliance with legislative provisions, two significant changes have recently come into effect in Cyprus. On December 20th, 2024, The Transparent and Predictable Terms of Employment (Essential Terms of Employment for Registration in an Electronic System) Decree of 2024 was published, under the Transparent and Predictable Working Conditions...Read More

In July 2024, the European Securities and Markets Authority (ESMA) released a consultation paper detailing proposed Regulatory Technical Standards (RTS) on Liquidity Management Tools (LMTs) under the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive. This initiative aims to enhance the resilience of investment funds during...Read More

In July 2024, the European Securities and Markets Authority (ESMA) released a consultation paper detailing proposed Regulatory Technical Standards (RTS) on Liquidity Management Tools (LMTs) under the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive. This initiative aims to enhance the resilience of investment funds during...Read More

In 2024, Cyprus embarked on an ambitious journey to reform its tax system with a focus on environmental sustainability. The initiative, often referred to as the green tax reform, seeks to address critical environmental challenges, align with global standards, and foster a culture of sustainability throughout the nation. Core Elements of the Reform The reform...Read More

1.Market Overview  1a. Cyprus Real Estate Market Introduction  Cyprus’ economy has shown resilience against external shocks, such as geopolitical tensions and climate change with expected GDP growth of 2.2% for 2023. The country’s small size and global outlook provide it with the agility to adapt and thrive.  The Cyprus real estate market is being shaped...Read More

The European Parliament has adopted a comprehensive package of laws aimed at strengthening the European Union’s toolkit to combat money laundering and terrorist financing. This legislation grants individuals and entities with legitimate interests—such as journalists, media professionals, civil society organizations, competent authorities, and supervisory bodies—access to beneficial ownership information held in national registries interconnected at...Read More