IntroductionRe-domiciliation is the process through which a company transfers its place of incorporation from one jurisdiction to another while maintaining its legal identity and adapting to the new jurisdiction’s legal framework. Consequently, the company ceases to exist under the laws of the original jurisdiction. Both the departing and receiving jurisdictions must authorise such a transfer. The Cyprus Companies Law (Cap 113) not only supports re-domiciliation but also provides a detailed framework for companies that wish to relocate their legal domicile to Cyprus, thereby offering them the opportunity to capitalize on the benefits of this business-friendly environment.
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IntroductionCyprus has long been recognized as a strategic location for international business due to its advantageous tax system, sophisticated business infrastructure, and membership in the European Union. However, registering a company in Cyprus comes with certain responsibilities and requirements that companies need to be aware of and adhere to. In this article, we will delve into the primary obligations of Cyprus Registered Companies and other critical considerations.
Introduction In today’s complex global marketplace, the integrity of supply chains is not just a logistical concern—it is crucial for business success and consumer trust. Companies increasingly grapple with the widespread issue of counterfeit goods, a threat that drains revenue, damages brand reputation, and poses risks to consumer safety. Enter blockchain technology, an innovative solution that offers more than just the authentication of supply chains; it promises to revolutionize business operations. This article explores the legal complexities and implications of integrating this transformative technology to ensure supply chain authenticity.
Introduction When Twitter decided to fly away from its iconic bird logo and rebrand itself as ‘X’, the social media giant took a bold leap into a nest of potential legal hurdles. This single-letter rebranding does not merely signify a name change but, instead, flutters into a storm of intricate trademark issues. The central challenge lies in the fact that ‘X’ already adorns the branding landscape.
IntroductionSoftware Licensing agreements have become essential instruments in the world of technology, being pivotal in both commercial and non-commercial sectors. This article will delve into the key principles to consider when negotiating software licensing agreements…..
IntroductionIn Cyprus, partnerships play a significant role in business ventures, with their creation, operation, and dissolution being regulated by the General and Limited Partnership and Business Names Law (the “Law”). Under this Law, a partnership is defined as a collaborative relationship between individuals who engage in business activities with the goal of making a profit. The minimum number of partners (may be corporate entities or natural persons) is two and the maximum number is 100 (if the partnership is conducting banking activities, then the maximum number of partners is 10). It is worth noting that, for legal purposes, a partnership is not considered a separate entity distinct from its partners……
The Council of Ministers has approved the Ministry of Interior’s proposal to revise the criteria for granting permanent residency to investors under Regulation 6(2) of the Aliens and Immigration Regulations. The aim of the revision is to introduce control mechanisms to ensure that the applicant retains their investment for life and to address observed shortcomings. The revised criteria will come into effect from May 2, 2023.
Non-EU applicants can be granted Permanent Residency permits if they meet one of the investment criteria listed below……..
Buying a property is one of the most significant investments many people will make in their lifetime. It can be an exciting and rewarding process, but it can also be overwhelming and stressful, especially for first-time buyers. From understanding your needs and budget to conducting due diligence and considering relevant costs and taxes, there are many factors to consider when buying a property. In this article, we will provide guidance and practical advice to help you navigate the process of buying property in Cyprus, from a legal perspective……
Non-fungible tokens (NFTs) have revolutionised the way we establish ownership of digital and tangible assets. Though they have been around since 2017, NFTs have recently gained massive popularity, with sales skyrocketing to nearly $25 billion in 2021 alone. With such enormous sums being invested in the NFT market, it is essential for buyers to understand the nature of their purchase and the rights that come with it. This article will delve into the topic of intellectual property rights, specifically copyrights and trademarks, and their implications for the NFT industry…..
What is a trademark
A trademark is a unique mark by which a business carries out its activities and by which it identifies and differentiates its products and/or services from those of the competition. The aim of a trademark is to demonstrate the source of the company’s products and/or services and gradually consolidate it, imprinting in the consumer’s memory the existence of the company. In simple words, a trademark is an identification of the source of goods or services…
Company registration procedure
Starting a company in Cyprus? Here’s what you need to know to navigate the process smoothly, from your first steps to the final paperwork. Plus, find out why Cyprus is a prime location for savvy entrepreneurs.
A company will be eligible to be registered as a Cyprus company of foreign interest if it satisfies one of the following criterial:
The majority of the company’s shares are owned by third-country nationals…