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Cyprus and India sign revised Double Tax Treaty agreement
Налоговое право
On 18 November, 2016 Cyprus and India signed a new Treaty for Avoidance of Double Taxation (Treaty), which will replace the existing treaty signed by two countries in June 1994. The treaty was signed by Ravi Bangar, High Commissioner of India to Cyprus, and Harris Georgiades, Minister of Finance, Cyprus.
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Protected Designation of Origin, Protected Geographical Indication, Traditional Specialities Guaranteed
Закон о защите прав интеллектуальной собственности
Since 1992 the European Union has taken major steps in promoting and protecting the names of quality agricultural products and foodstuffs. It has launched two programmes in order to aid those objectives.  These are the Protected Designation of Origin (PDO) products, which requires that the product has qualities or characteristics which are determined by the region of production as well as the mode of production, processing and preparation exclusively in the specific region, and the Protected Geographical Indication (PGI), which covers agricultural products and foodstuffs closely linked to a specific geographical area, in which again the product can be produced, processed or prepared. Читать далее
Revised criteria for obtaining the Cypriot citizenship by investment
Корпоративное и коммерческое право, Трудовое и иммиграционное право
The Cyprus Government, through the Ministry of Interior, has approved revised criteria for granting the Cypriot citizenship by investment, in an effort to further promote foreign direct investments in Cyprus. The Cyprus citizenship program, by way of investment, is now easier to achieve, as the required investment has been reduced from EUR 5 million if applied individually (or  EUR 2.5 million if going through a collective investment scheme), down to  EUR 2 million for all applicants. Читать далее
New Insurance Law transposes Solvency II Directive
Корпоративное и коммерческое право
The Cyprus Parliament has approved a new law and regulations on Insurance Services (“The Insurance and Reinsurance Services and Other Related Issues Law of 2016” and “The Insurance and Reinsurance Services and Other Related Issues Regulations of 2016”). The new legislation repeals and replaces the existing legislation of 2002, in line with the EU Directive 2009/138 (“Solvency II” Directive) as amended by Directive 2014/51/EU (“Omnibus II”) on the taking-up and pursuit of the business of insurance and reinsurance.
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The Currency (Counterfeiting and Other Related Matters) (Amendment) Law of 2016
Законодательство ЕС
In line with the “EU Directive 2014/62 on the protection of the euro and other currencies against counterfeiting by criminal law”, the Cyprus Parliament approved an amendment to the Currency (Counterfeiting and Other Related Matters) Law. Читать далее
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