NEWSLETTER
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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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 Î’rexit 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.