The Cyprus International Businesses Association , George Z. Georgiou & Associates LLC, and Pyrgou Vakis Law Firm invite you to join us as we delve into the latest developments on Employment Law.

In an article by Athina Evagorou, an Associate at our firm, it was noted that in October 2024, Cyprus enacted Law 116(I)/2024 on the Prevention of the Dissemination of Terrorist Content Online, aligning with EU Regulation 2021/784. The Law aims to curb the spread of terrorist content online to enhance public safety and security. It applies to all hosting service providers operating in Cyprus, mandating cooperation with EU member states.

Freelance/ contractor work is becoming increasingly popular for its flexibility, and Cyprus is an attractive destination for contractors due to its favourable tax policies, affordable living costs, and growing digital infrastructure. Whether you’re a social media contractor, SEO specialist, or seeking contract work across various industries, understanding Cyprus’s business landscape is essential. From tax regulations to work-life balance, this guide will provide crucial information for succeeding as a contractor in Cyprus.

In an article published in the Solicitors Journal, Athina Evagorou, Associate at our firm, highlights that the promotion of gender equality is crucial for societal and economic development, requiring equal participation of men and women in decision-making, free from stereotypes. The Commissioner for Gender Equality and Related Matters Law of 2024 in Cyprus aims to strengthen equal rights, promote balanced resource distribution, and ensure visibility and participation across public and private sectors. The law mandates the development of a National Strategy and Action Plan, coordination with government bodies, and international representation.

Our Partner – Corporate Finance, Tax, Private Client, Stella Strati Attended the 7th European International Bar Association Start-up Conference 2024, in Stockholm, Sweden.❄️

The answer is simple. You should start using the Cyprus tax regimes!

The enactment of the Alternative Investment Funds (AIF) law in July 2014 aligned the Cyprus legal and regulatory framework with EU directives on asset management, with the aim to enhance transparency and investor protection. Following on-going efforts to modernise its fund framework, Cyprus introduced a new law offering more investment structuring possibilities and upgraded rules for the authorisation, on-going operations, transparency requirements and supervision of Cyprus AIFs, as well as the regulation on the role and responsibilities of their directors, depositaries and external managers. AIFs that are established under domestic Cyprus fund legislation can be sold on a private placement basis or marketed to professional investors across the EU under the Alternative Investment Fund Managers Directive (AIFMD) passport.

The 15th edition of the Limassol Economic Forum, Cyprus’ largest current affairs conference, recently took place, bringing together global thought leaders, policymakers, economists, and industry experts to address key economic challenges and opportunities.

Our Executive Chairman Stavros Pavlou, FCIArb, Bsc (Econ), Barrister, TEP attended Dubai Arbitration Week and had the honor of keynote speaker on the 13th November 2024!

Cyprus can offer specific advantages to non-EU fund managers wishing to raise capital in Europe, as well as to develop a presence in the European market to benefit from the right to distribute their funds to investors in all EU countries.