Shipping Business Reports – CYPRUS, June 2013

The collapse of the Cypriot banking system in March and the introduction of tough fiscal measures to steady the country’s economy, took the shipping industry massively by surprise. But while the Limassol-based shipping industry backed up by the Nicosia government has...

Immigration Permit – Third Courtry Nationals

The Ministry of Interior has recently announced a more efficient procedure for granting an Immigration Permit to third country nationals that intend to invest in Cyprus. According to the provisions of Regulation 6(2) of the “Aliens and Immigration” Regulations, Third...

Cyprus Shipping continues to support the Economy

After the Eurogroup proposal for Cyprus was formulated on March 24th, and despite some temporary banking restrictions still applied and which are being eased up, Cyprus Shipping continues its high standard and reliable operations supporting the Cyprus Economy. During...

Cyprus International Trust (amendment) Law 2012

–        The law does not fix the limit where the settlor’s retained powers disqualify the trust. –       The trust deed should not give revocable powers –       The trust deed should not reserve non fiduciary powers that allow actions against the...

Malta E-Gaming Review 2011/12, December 13, 2011

In the autumn of 2000 the Maltese government passed legislation enabling online betting centres to be set up in the country, and this legislation, coupled with provisions from the Income Tax Act written specifically for international companies, made Malta an...

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