Legal 500 2024
We are proud to announce that Athos Demetriou Associates LLC has once again been recommended in 3 practice areas in The Legal 500 EMEA - …
On 23 February 2021, Cyprus fully implemented the provisions of the 5th Anti-Money Laundering EU Directive 2018/843 on its domestic legislation, whereby it was decided to establish central registers of ultimate beneficial owners; one of them being the Register of Beneficial Owners of Express Trusts and similar legal arrangements (the “Register”).
The term “express trust” refers only to those trusts created expressly by a settlor at their own will, and does not include trusts arising by operation of law nor trusts for which the settlor shows no clear intention for their creation.
Express trusts must be registered provided that:
Required information:
A. For the Trusts
B. For the Ultimate Beneficial Owners of the Trust (Trustee, Settlor, Protector, Beneficiaries)
A six-month period has been granted for the submission of the aforementioned information and documentation in the Register.
We are proud to announce that Athos Demetriou Associates LLC has once again been recommended in 3 practice areas in The Legal 500 EMEA - …
On 29 February 2024, the House of Representatives approved the Cyprus Government Bill to abolish the Annual Levy of EUR350, which was payable to the …
In a move aimed at bolstering the business environment and fostering economic expansion, the President of the Republic of Cyprus announced on the 21st of …
Athos Demetriou Associates LLC adds yet another practice area in the coveted Legal 500 EMEA top tier practice areas