Legal Articles

Foreign exchange trading (FOREX) is an innovative type of business that brings together buyers and sellers from all over the world regardless of time and place. In other words, sellers and buyers conduct foreign exchange transactions immediately. Cyprus is considered to be an attractive location for the FOREX market. The attractive regulatory and taxation schemes together with the low...

A domain name is an identification string defined by the rules and procedures of the Domain Name System (DNS).  It should be pointed out that a domain name is assigned for exclusive use in one legal or natural person.  Specifically, a domain name represents an Internet Protocol resource, such as a website. Domain name can be described as a location where specific information and activities can...

Estate denotes the movable and immovable property someone processes during his/her lifetime. As a result, estate administration is strongly related to all the procedures of gathering and distributing assets and debts of the decesead to his/her beneficiaries. In Cyprus, all matters related to administration of estates are regulated by the Administration of Estates Law (Cap. 189) and the...

Banking is one of the most important sectors of the world economy as it influences investment, consumption and other business activities. Furthermore, banking has a substantial impact on the circulation of money and thus influences economic growth. Offshore banking provides a unique opportunity to individuals, business people and companies to access the international market and implement their...

Charges and mortgages are two instruments that ensure creditors’ protection.  Precisely, all creditors need to ensure that they will receive payment for their services or that their loan will be repaid. Charges give the right to creditors to resort to identified property, immovable property or personal property, in order to satisfy the debt or other liability in the case it has not been paid....

Cypriot investment firms (CIFs) provide investment services on a professional basis inside or outside Cyprus.  A CIF cannot offer professional investment services without being licenced by Cyprus Securities and Exchange Commission (CySEC). Generally, CySEC authorises and supervises investment firms and activities in Cyprus based on the provisions of Law 144 (I)/2007.  In order to obtain...

Parental care is the right and duty given to both parents, to take important decisions concerning the life of their children.  In Cyprus, parental care is regulated by Law 216/1990. Based on the provisions of this Law, both parents have the right to have a contact with their children.  Additionally, the Law 216/1990 regulates issues related to parental care and divorce, i.e. contact between...

Criminal law is a set of regulations that indicate the actions the society disapproves.  A criminal wrong differs from civil wrong.  Precisely, a criminal wrong denotes an action that inexcusably and unacceptably threatens or causes damage to individuals or the society.  Criminal law focuses on protecting society and discourage criminal acts, by imposing punishments on people conducting these...

Police announced that during January, more than 7.000 drivers had been breathalysed in the whole country, and the 8.25% found to be over the legal limit. Following the provisions of section 94 of the Criminal Code (Cap. 154), it is illegal to be in state of intoxication in a public place. Specifically, driving under the influence of alcohol or drugs or other related substances is illegal. It...

Cyprus is a major financial and investment centre in the EU and internationally.  As a result, there is a requirement for an effective and efficient regulatory framework.   In Cyprus, the Cyprus Security Exchange Commission (CySEC) is an independent legal entity that regulates and supervises any investment activity carried out in Cyprus and the operation of investment firms on the island....