GREAT BRITAIN - CYPRUS BUSINESS ASSOCIATION

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.

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.

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

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.

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. 

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.

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

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.

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.

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.

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

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.

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.

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

The UK officially left the EU on 31 January 2020.

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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.