Acquiring Cypriot citizenship due to origin by UK citizens
In the event of a no deal Brexit, UK passport holders will lose their right of free movement within the EU. All valid UK passports will still be useable for international travel to and from the EU after Brexit, even though precise details are yet to be finalised (including on the terms of any travel …
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Protecting your business from counterfeit goods in Cyprus
As has been previously noted in the “Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact” report of the Organisation for Economic Co-operation and Development & European Union Intellectual Property Office, counterfeiting hits almost ½ trillion euros a year. This can be traced from fashion and medicine to the fruits market and entails damage …
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Maltese Court Landmark Judgement – Precautionary Acts must be followed by proceedings in the EEA
A recent landmark decision by the First Hall of the Civil Court has confirmed for the first time that in order for a precautionary warrant to remain in force, it must be preceded or followed (within 20 days), by a court case filed in Malta or in the European Economic Area (EEA).
Mad II -EU regulation (MAR) and directive (CS MAD) as protection of investors and its application to
Protection of financial market investors and prevention of unlawful disclosure of inside information and financial market manipulation is provided and guaranteed by the EU Market Abuse Regulation (Regulation 596/2014) (MAR) and the Directive on criminal sanctions for insider dealing and market manipulation (Directive 2014/57/EU) (CSMAD), which collectively replace the previous Market Abuse Directive (MAD) and …
New Beneficial Ownership Register for foreign entities which own UK property
The UK government intends to introduce a new register of People with Significant Control over Overseas Companies, “the PSCOC Register”, in order to improve transparency of beneficial ownership for foreign entities which own UK properties. The Bill will be introduced to Parliament in 2019 and is intended to become operational by 2021.
IS SILENCE GOLDEN? The added value of emergency media response plans
In the words of WARREN BUFFET: “IT TAKES 20 YEARS TO BUILD A REPUTATION AND FIVE MINUTES TO RUIN IT. IF YOU THINK ABOUT THAT, YOU’LL DO THINGS DIFFERENTLY.”
Pre-1995 Leases in Malta
Recently, the Maltese courts may have possibly brought about the beginning of the end of a legal and social question concerning landowners who were, and still are, subjected to pre-1995 rent laws. The judgement given in Anthony Debono et v. Avukat Generali et., may prove to be a milestone in Maltese rent laws.
Increase of Property Rents in Cyprus: Permissible and Non-Permissible Limits
It has been many times that my clients have expressed the question as to when and how the rental amounts increase. This question is voiced by both Landlords and Tenants of real estate.
Changes to UK capital gains tax
Since April 2019, the new rules regarding capital gains tax have been implemented in UK. The intention of the implementation of new rules is to remove the advantage of non- UK residents who did not pay tax over the gains from the disposal of all their property in UK.
Why Cyprus for Maritime?
Recognizing the political, economic and social importance of shipping, as from 1963, Cyprus managed to develop the country into a fully-fledged shipping centre combining both a sovereign flag and a resident shipping industry, which is renowned for its high-quality services and standards of safety.