Litigation and Dispute Resolution practice breaks through to Legal 500 top tier rankings for 2022
Athos Demetriou Associates LLC adds yet another practice area in the coveted Legal 500 EMEA top tier practice areas
Permanent Residency
The Cypriot government has very recently revised the investment criteria for third country nationals looking into acquiring permanent residency in the Republic.
Investment Criteria
Under the new rules, a third country national can make an investment of at least €300.000 in any one of the following:
- The company is registered in Cyprus;
- It has a physical presence in Cyprus i.e an established office;
- Has employed staff of at least 5 people
It is mandatory to have a residence in Cyprus either owed or leased depending on the investment made, in order to eligible for the permanent residence permit.
Also, although it is not necessary to reside permanently in Cyprus, a successful applicant must not be absent for more than 2 years from the island.
Annual Income
An annual income of at least €30.000, increased by €5,000 for every dependent person (spouse and children)
Clean criminal record & declaration of no intention of employment
The successful applicant must submit a clean criminal record certificate from their country of origin and a declaration of no intention to undertake employment in the Republic other than being employed as director in the Cyprus company they chose to invest in or being a shareholder of a company registered in Cyprus.
Athos Demetriou Associates LLC adds yet another practice area in the coveted Legal 500 EMEA top tier practice areas
Following the decision of the Council of Ministers to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation, the Registrar of Companies, …
On June 25, 2021 the Cyprus Securities and Exchange Commission (CySEC) published a Directive on ‘the Register of Providers of Services Regarding Crypto Assets’ (R.A.D …
In BriefOn 15 October 2021 the Cyprus government presented its Action Plan to attract companies that operate or wish to expand their activities to Cyprus, …