Work permit of third-country nationals


Third-country nationals seeking employment in local and international companies in Cyprus Criteria and Limitations The European Union’s immigration policy is governed by Articles 79 and 80 of the Treaty on the Functioning of the European Union (TFEU) ensuring fair treatment of third-country nationals residing in EU Member States. Although the present provisions secure third-country nationals […]


The application of Arbitration in Cyprus


In Cyprus, Arbitration is often used by Cooperative Banks/Institutions regarding loan cases against their Clients. The Cooperative Societies Act of 1985 (N. 22/1985) and more specifically the Article 52 refers to the arbitration proceeding. Article 52 does not make any reference on the method and the time individuals have to be notified/informed about the beginning […]


The necessity for protection of IP rights


The protection of IP rights and Intellectual property in general has nowadays become a necessity, especially due to the ever growing development of technology, the impairment of all kind of barriers and of course the constant development of businesses and worldwide transactions. As a result, an international business proceeds to protect all of its IP […]


Cyprus and Iran sign double tax treaty


Cyprus and Iran have concluded a Double Taxation Treaty agreement, allowing for the avoidance of double taxation and fiscal evasion in relation to taxes on income between the two countries. The Finance Ministry affirmed on Tuesday that this development will contribute to the development of trade and economic relations between the Republic of Cyprus and […]


What is FATCA – The FATCA Definition


Foreign Accounts Tax Compliance Act In March 2010, the provisions commonly known as the Foreign Account Tax Compliance Act (FATCA), became law in the United States of America. FATCA targets tax non-compliance by U.S. taxpayers with foreign accounts and focuses on reporting: By U.S. taxpayers about certain foreign financial accounts and offshore assets. By foreign […]