NEWSLETTER 

River Thames, London

02 February 2021

By Esme Palas

Partner at MICHAEL KYPRIANOU & CO LLC.

As we all know Brexit is now a fact. It has left UK Nationals who have established their life in Cyprus feeling unsure and concerned as to how it will affect their right to live work and study in Cyprus.

READ THE FULL VERSION HERE:

20 JANUARY 2021

By Savvas Kyriakides

Founder & President of Great Britain-Cyprus Business Association

The deal came into effect on January 1, 2021 and prevents tariffs or quotas on £668 billion a year of trade which would have been imposed if there was no Brexit deal.

READ THE FULL VERSION HERE:
THE COUNCIL OF MINISTERS HAS APPROVED THE MODIFIED ACTION PLAN FOR THE GRADUAL RESUMPTION OF FLIGHTS AND THE REOPENING OF AIRPORTS 

05 DECEMBER 2020

By  Transport Minister

From Council of Ministers

The Council of Ministers today approved the modified Action Plan for the gradual resumption of flights and the reopening of airports

READ THE FULL VERSION HERE:
I LOVE CYPRUS AND CYPRUS IS MY HOME

17 OCTOBER 2020

By  Paola Castano

From DP Ultra Ltd Consultants Investments

As an investor and a citizen of Cyprus

I will continue to invest in Cyprus and its people in all means, whatever that has occurred and if some people believe that some others don’t go by the law I can tell you that this happens everywhere and anywhere in the world.

READ THE FULL VERSION HERE:
EPIDEMIOLOGICAL RISK ASSESSMENT OF COUNTRIES CONCERNING COVID-19

21 SEPTEMBER 2020

By  MK

From Ministry of Health

The epidemiological picture of various countries with regard to the COVID-19 disease has been re-evaluated by the Epidemiological Monitoring and Control of Infectious Diseases Unit of the Medical Services and the Public Health Services. 

READ THE FULL VERSION HERE:
STATEMENT BY THE CHANCELLOR, RISHI SUNAK TO REIGNITE THE ECONOMY

15 JULY 2020

By  Alex Chrysapiades

Partner

From Adler Shine LLP

The past couple of months have been a difficult time for people and businesses. Everyone has felt the impact of COVID-19 one way or another and whilst it has not yet disappeared, the data continues to shoe a downward trend. As a result, the government continues to relax the measures imposed, eager to pull the country out of lockdown and reignite the economy.

READ THE FULL VERSION HERE:
EY CYPRUS EXPLORES THE INITIAL IMPACT OF COVID-19 ON THE RETAIL SECTOR AND PROPOSES MEASURES FOR RECOVERY

17 JUNE 2020

By  Stelios Demetriou

Head of Transaction Advisory Services

From EY Cyprus

The rapid spread of COVID-19 pandemic has caused an unprecedented global shock, both on a humanitarian and an economic level.

READ THE FULL VERSION HERE:
UPDATE ON FURLOUGH SCHEME EXTENSION IN UK

16 MAY 2020

By  Alex Chrysaphiades 

From Adler Shine LLP, Chartered Accountants and Business Advisors

The government introduced the furlough scheme as a major financial measure at the start of the Coronavirus lockdown. The scheme is a measure to counter redundancies, with the government paying 80% of wages, up to £2,500 per month.

READ THE FULL VERSION HERE:
UK’S APPLICATION TO ACCEDE TO THE LUGANO CONVENTION AND THE RECOGNITION OF UK JUDGMENTS IN CYPRUS POST-BREXIT

07 MAY 2020

By  Marina Hadjisoteriou and Constantina Zantira

From  Michael Kyprianou & Co. LLC

In light of the Βrexit implications for the justice system in the United Kingdom and the broader European Union spectrum, the government of the United Kingdom is taking active steps in securing the establishment of its partnership with the European Union and other states in various fields of law for the efficient and effective administration of justice.

READ THE FULL VERSION HERE:
PREPARING YOUR WILL

31 MARCH 2020

By  Alvaro Aznar and Robyn Dann

From Child & Child

Having a Will gives you the control and freedom to decide who will inherit your assets when you pass away. This is very important, especially if you have young children, children from a previous marriage, you are not married to your partner or you want to leave all, or part, of your estate to a third party like a charity.

READ THE FULL VERSION HERE:
BUSINESS RISK AND FINANCIAL PLANNING FOR COVID-19 - BRITISH GOVERNMENT'S FINANCIAL SUPPORT MEASURES.

25 MARCH 2020

By  Alex Chrysaphiades

From Adler Shine LLP

The UK government announced its financial planning following the COVID-19 pandemic, helping and supporting businesses to prepare for these challenging times and survive.

READ THE FULL VERSION HERE:
FINANCIAL MEASURES ANNOUNCED BY THE GOVERNMENT OF THE REPUBLIC OF CYPRUS IN RESPONSE TO THE COVID-19 PANDEMIC

25 MARCH 2020

By Savvas Savvides

From Michael Kyprianou

On 15th March 2020 the Minister of Finance, Cyprus, announced measures aimed at countering the financial impact of COVID-19 on businesses, employees and vulnerable groups of the population in the Republic of Cyprus.

READ THE FULL VERSION HERE:
THE CURRENT STRENGTH OF THE CYPRIOT PASSPORT

13 MARCH 2020

By Savvas Savvides

From Michael Kyprianou

Holders of Cypriot passports have been enjoying an increasing number of related benefits in recent years. Relevant surveys conducted by academics and immigration experts rank the Cypriot passport 21st place – on a list of 160 countries in total.

READ THE FULL VERSION HERE:
WHY CHOOSE CYPRUS FOR INNOVATIONS & START-UPS

27 FEBRUARY 2020

By Xenia Neophytou

From CXFinancia

Cyprus’s strategic position, as well as its valuable historical and geopolitical background, have helped make the island an attractive international business hub.

READ THE FULL VERSION HERE:
BREXIT

5 FEBRUARY 2020

By Agis Charalambous

Head of I.P. at Michael Kyprianou & Co. LLC

The UK officially left the EU on 31 January 2020.

With the Withdrawal Agreement ratified by both the UK Parliament and the European Parliament, the UK enters an eleven-month transition period until 31 December 2020, unless extended.

READ THE FULL VERSION HERE:
Great Britain - Cyprus Business Association