NEWS

Το Τμήμα Εφόρου Εταιρειών και Διανοητικής Ιδιοκτησίας (ΤΕΕΔΙ) σε συνέχεια της ανακοίνωσής του με θέμα «Ειδοποίηση για καταχώριση στοιχείων πραγματικών δικαιούχων (ΠΔ) στο Μητρώο Πραγματικών Δικαιούχων (ΜΠΔ) και επιβολή προστίμων» ημερομηνίας 01/09/2023, ενημερώνει την έναρξη της εφαρμογής της τελικής λύσης του ηλεκτρονικού συστήματος του ΜΠΔ από τις 14 Νοεμβρίου 2023. Στον σύνδεσμο https://ubo.meci.gov.cy/ μπορούν να ενωθούν όσοι είναι...Read More

In the dynamic world of businesses, understanding and adhering to competition law is paramount for sustainable growth and success. When navigating the landscape of competition law, businesses should keep various key considerations in mind. In the European Union, antitrust rules aim to prevent the limitation of competition in the market and the abuse of dominant...Read More

The European Court of Justice released its decision in case C-134/22. The case concerns the extent of the employer’s obligation to inform the appropriate authorities in due course regarding collective redundancies. The court held that this obligation does not act as a safety net for the employees.  The facts of the case concern an employee...Read More

In an effort to attract new talent in Cyprus and boost the island’s economy, amendments were made to the Income Tax Law and specifically with the addition of new article 8(21A) -passed in in July 2022- and new article 8(23A)- passed in June 2023. Article 8(21) has been replaced by new article 8(21A) which now...Read More

Effective as of the 2nd of May 2023, significant amendments have been implemented to the criteria for granting Permanent Residence under Regulation 6(2) of the Aliens and Immigration Regulations. These amendments were approved by the Council of Ministries based on a proposal by the Ministry of Interior. The purpose of these amendments is to establish...Read More

The European Union Commission has officially adopted a retail investment strategy that aims to safeguard consumers’ interests. In the heart of the commission’s “2020 Capital Markets Union Action Plan” lies investment growth. The strategy was adopted as a method to achieve this goal.  It is also a plan adopted to boost the EU Capital’s Market...Read More

Drafted by the Department of Lands and Surveys and the Commissioner for Legislation the draft bill for the management of jointly owned buildings aims in solving management, maintenance, and operation issues of communal buildings. The first important change is the expansion of the bill’s application. The draft bill aims to expand the general scope of...Read More

Cyprus Asset Management Company Ltd (KEDIPES) is delivering a last-resort solution to defaulted borrowers in an effort to rescue thousands of borrowers in distress. KEDIPES has estimated that this plan will benefit borrowers of 800 residences. The plan will be managed by a subsidiary company established by KEPIDES. With this scheme, the government aims to...Read More