Legal Information
Articles & Opinions On Legal Matters
Variable Capital Investment Companies – Lapse of grace period
Further to the announcement below issued on the 5th of November 2021, we would like to alert relevant entities that the grace period (for existing VCICs) lapses on the 5th of November 2022, affected entities may reach out to our firm for...
Beneficial Ownership Register and GDPR
Beneficial Ownership Register Following the implementation of the EU's Fifth Anti-Money Laundering Directive2 on 30 May 2018, all EU Member States must pass legislation maintaining publicly accessible beneficial ownership registers....
NFTs and Copyright Laws
NFTs and Copyright Laws The purpose of this article is to provide a brief overview on the NFTs potential implications for copyright holders and copyright law, rather than to present an overall assessment of NFTs and each type...
Securities & Bail in
Spyros Arotis- Elena Aroti & Associates law firm has taken over and is currently handling a number of securities holders cases against the Cyprus Popular Bank Public Company Ltd through its administrator, the Bank of Cyprus Public Company Ltd, the Central Bank of...
Cyprus: An attractive destination in the EU for registration of Yachts.
The new Yacht Leasing scheme aims to individuals who are interested leasing a Yacht owned by a Cyprus Company. The issue of Circular 163 which describes the VAT treatment to be followed the effective VAT rate for Yacht registration can be as low as 4.42%. Vat...
Cyprus’ economy: Investment and services oriented and open for business as usual
There is no denying that Cyprus today is a country on the mend. Since the shock of the never before tested bail-in of March 2013, the country has been fully committed to implementing a series of ambitious structural reforms aimed at re-engineering the economy,...