21 April

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Adoption under Cypriot Law

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Adoption under Cypriot Law: The governing authority on matters of adoption in Cyprus is the Cypriot Adoption Authority found under the umbrella o the Social Welfare Services of the Ministry of Labor and Social Insurance. According to legislation, the Social Welfare Services aim to safeguard the best interests and rights of children, before and after the adoption takes place. The Social Welfare Services΄ main responsibilities during the adoption process are: To investigate whether an individual or a family are eligible to become adoptive parents. To safeguard the best interests of children as soon as the application for adoption is submitted to the...

20 April

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Cypriot Family Law – Divorce

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Cypriot Family Law – Divorce The Cypriot family law finds its roots in the Greek family law system. Cypriot family, have over the years created their own jurisprudence and one can say that Cyprus now has an autonomous system of Cypriot family law. The appropriate court for disputes governed over the family law jurisdiction such as divorce, separation from bed and board, the cohabitation of spouses, issues relating to the children or matrimonial relations, is the family court. It is also important to note that there is in existence a family division of the Cypriot Supreme Court. However, Family Courts are not...

19 April

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Communication Rights (visitation – child custody) in Cyprus Family Law

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Communication Rights (visitation – child custody) in Cyprus Family Law: Cypriot family law recognises that it's for the best interests of a child to keep in touch with both parents. The court may assign parental custody to one parent or to both if they agree as to the place of residence of the child. Furthermore, the Court may allocate parental custody between the parents or may assign it to a guardian. In cases where custody is allocated to only one parent, the parent with whom the child doesn't live has the right to personal communication with the child. The exercise of...

18 April

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Requirements for a casino license in Malta

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Requirements for a casino license in Malta Malta became a member state of the European Union on May 1, 2004 and it is the first country in the European union which has a legislation and regulations concerning on remote gaming. The Malta Gaming Authority (MGA) is responsible for the governance of gaming in Malta and has developed policies for their remote gambling operations.Licensed by the legislative body (Malta Gaming Authority) may include reduced rates of income tax on personal income. According to the Gaming Act (Chapter 400), PART IV, the Requirements for Casino license in Malta are: A person (or a company registered in...

17 April

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License and Taxation Fees of the Remote Gaming in Malta

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License and Taxation Fees of the Remote Gaming in Malta The Malta Gaming Authority (MGA) is responsible for the governance of gaming in Malta and has developed policies for their remote gambling operations.Licensed by the legislative body (Malta Gaming Authority) may include reduced rates of income tax on personal income. According to the Lotteries and Other Games Act (chapter 438) Part VI – a Grant of National Lottery License from the Authority include the follow: Application Fee for New License €2,330 Paid upon application for a remote gaming Licence System Audit €1,770 Fee paid in advance for the execution of the audit by the Authority’s approved third party...

16 April

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International Child Abduction – Cyprus Procedures – Hague Convention

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International Child Abduction – Cyprus Procedures Hague Convention International parental child abduction is a global problem affecting thousand children each year. The Hague Convention (1980) on the Civil Aspects of International Child Abduction seeks to protect children from the harmful effects of abduction and retention across international boundaries by providing a procedure to bring about their prompt return. According to the Hague Convention, the removal or the retention of a child is to be considered wrongful where: a) it is in breach of rights of custody attributed to a person, an institution or any other body, either jointly or alone, under the law of the State...

16 April

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Μεταφορά Έδρας Ελλαδικής Εταιρείας (ΑΕ) στην Κυπριακή Δημοκρατία και λειτουργία της ως Κυπριακή Εταιρεία (Λτδ) χωρίς διακοπή δραστηριοτήτων

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Μεταφορά Έδρας Ελλαδικής Εταιρείας (ΑΕ) στην Κυπριακή Δημοκρατία και λειτουργία της ως Κυπριακή Εταιρεία (Λτδ) χωρίς διακοπή δραστηριοτήτων Εταιρείες οι οποίες δραστηριοποιούνται στην ελληνική επικράτεια μπορούν να συνεχίσουν τον κύκλο των εργασιών τους στην Κύπρο εφόσον προσφέρεται ένα πολύ χαμηλό φορολογικό καθεστώς, αυτό της τάξεως του 12,5% σε αντίθεση με άλλες χώρες της Ε.Ε, μόνο με απλή μεταφορά της έδρας τους. Διαδικαστικά: Μεταφορά της ελλαδικής έδρας στην Δημοκρατία της Κύπρου και διατήρηση ή/και ίδρυση παραρτήματος/υποκαταστήματος στην Ελλάδα Το Γραφείο μας αναλαμβάνει την εκπλήρωση της διαδικασίας (γραφειοκρατικά έγγραφα κλπ) χωρίς την δική σας εμπλοκή Στόχος μας είναι να σας βοηθήσουμε να προχωρήσετε προς...

15 April

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Double Tax Treaties with Cyprus (DTT)

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The tax rates for the income between the countries having a double taxation treaty with Cyprus Many countries have agreed with other countries intreatiesto mitigate the effects of doubletaxation(DoubleTaxAvoidance Agreement). These agreements/conventions are made between the government of one country and the government of another country for the avoidance/elimination of double taxation on income and on capital. It concerns the persons who are residents of one or both of the Contracting Countries. Corporateprofits are taxed, and the shareholders of the corporation are (usually) subject to personal taxation when they receive dividends or distributions of those profits. The main aim of those...

14 April

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Alternative Investment Fund in Cyprus

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Alternative Investment Fund in Cyprus The Alternative Investment Funds (Law 131(I)/ 2014, provides the establishment of fund from a number of professional investors with a purpose to investing for their own benefit. ‘AIF’ or ‘Alternative Investment Fund’ means any collective investment undertaking, including investment compartments thereof, which, collectively: raises capital from a number of investors, with a view to investing it in accordance with a defined investment policy for the benefit of those investors. Authorization The operations of an AIF require the prior authorization and communication by the Securities and Exchange Commission in accordance with the provisions of the Law. The Regulator is the Cyprus...

13 April

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Directive of the Cyprus Securities and Exchange Commission regarding the Certification of Persons and the Certification Registers

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No. 4874, 22.5.2015 R.A.D. 174/2015 Directive of the Cyprus Securities and Exchange Commission regarding the Certification of Persons and the Certification Registers ORDER OF SECTIONS PART Ι INTRODUCTORY PROVISIONS Paragraph 1 Short title Paragraph 2 Definition Paragraph 3 Objective Paragraph 4 Scope Paragraph 5 Certified Persons PART IΙ EXAMINATIONS Paragraph 6 Frequency of examinations Paragraph 7 Examinations announcement Paragraph 8 Participation in the examinations Paragraph 9 Examination fees Paragraph 10 Structure of examinations Paragraph 11 Language of examinations Paragraph 12 Cooperation of the Commission with third parties Paragraph 13 Examination success Paragraph 14 Examination results PART ΙΙΙ PUBLIC REGISTER Paragraph 15 Register for Compliance Officers Paragraph 16 Registration in the Certification Registers Paragraph 17 Renewal of Registration in the Certification Registers Paragraph 18...

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