LAW INSIDER

Background   The (non-)filing of the Annual Return (HE 32 Form) to the Registrar of Companies (the “Registrar”) has always been one of the common omissions by Cyprus companies (together with the holding of AGMs and the filing of tax returns with the Tax Department).   Companies that are not...

A trust is a legal arrangement whereby property is bequeathed by one person (the “Settlor”) and managed by another person (the “Trustee”). The Trustee holds legal title to the trust property and is obligated to hold the property for the benefit of one or more beneficiaries. The main legal framework governing trusts...

On 13 February 2019, the Cyprus Council of Ministers approved a revised scheme for the naturalisation of investors in Cyprus by exception. The revised Cyprus Investment Programme took effect on 19 May 2019. The said scheme is based on section 111A (2) of the Civil Registry Laws of 2002-2019. A. Investment Options /...