Sale of Immovable Property
The Parliament has passed a new law levying on a 0.4% tax on all sales of immovable properties. The imposition of this levy is intended to serve humanitarian purposes by supporting Greek -Cypriot refugees.
EU Level Legislation on ESG and Sustainable Financing
Entered into force in late 2019, the amended Benchmark Regulation established the EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and sustainability-associated disclosures for benchmarks.
What is ESG Investing?
It is subjective and highly debatable what elements comprise environmental, social or governance factors, yet the investment community has coined the term as they generally acknowledged a broad definition of ESG Investing as non-financial dimensions of a security’s valuation, performance, and risk profile.
Cyprus and the FTX collapse – Safeguarding of Clients’ Funds
The FTX bankruptcy filings caused a chain reaction across regulators and supervisory bodies across the globe, with Cyprus being no exception. On 11/11/2022 the Cyprus Securities and Exchange Commission (CySEC) announced that the license of the Cyprus Investment Firm FTX (EU) Ltd with number 273/15, is suspended in whole, due to suspicions of alleged violations…
Αθλητικά Σωματεία, ιδρύματα, ομοσπονδίες και εναρμόνιση τους με τους νόμους και κανονισμούς
Ο περί Σωματείων και Ιδρυμάτων και για Άλλα Συναφή Θέματα Νόμος του 2017 (104(I)/2017) έχει ψηφιστεί για την ρύθμιση, έγκριση και έλεγχο των σωματείων, ιδρυμάτων, ομοσπονδιών τα οποία όπως ρητά αναφέρεται και στον ως άνω αναφερόμενο νόμο και αποτελεί επίσης μία εκ των βασικών προϋποθέσεων για την έγκριση και την σύσταση των Σωματείων, ιδρυμάτων και…
Judicial Reform – The New Cyprus Court System
After years of debates, Cyprus initiated the total and comprehensive reform of its Court System in an effort combining shortening the time of litigation (first and second instance) and becoming a competitive if not unique, low-cost, specialised, common-law forum of adjudicating disputes. Recently the government of Cyprus submitted several bills of laws to the House…
Private Mergers and Acquisitions in Cyprus: Overview
Q&A guide to private mergers and acquisitions law in Cyprus The Q&A gives an overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing, signing and closing, tax, employees, pensions, competition, and environmental issues. Private Mergers and Acquisitions in Cyprus: Overview Read the complete guide here……
Yacht Leasing Scheme in Cyprus
Cyprus introduced a Yacht Leasing Scheme which, inter alia, has VAT benefits for prospective owners (or new owners) of yachts that wish to use them in European waters. The Cyprus Yacht Leasing Scheme is in many ways similar to arrangements offered by other European countries but is considered one of the most attractive Yacht Leasing…
Presentation made by Forbes Magazine, Cyprus edition #5 August 2019
Presentation made by Forbes Magazine, Cyprus edition #5 August 2019 Read the full article here: LLPO Law Firm (article in Greek)
We welcome Mr. Giannakis Lazarou, ex-commissioner of Cyprus Tax Department, as Head of Taxation and Public Law
LLPO Law Firm is pleased to announce that Mr. Giannakis Lazarou, joined our firm as Head of Taxation and Public Law. Mr. Giannakis Lazarou was born in Nicosia. He obtained a BA (Hons) Degree in Law from North East London University. He is a qualified lawyer and a member of the Cyprus Bar Association. He…