02
February 2024

Payments, Deductions, Payroll, Record Keeping, Penalties. Important provisions on the protection of employees’ wages in accordance with the Protection of Wages Law 35(I)/2007, as amended (the “Protection of Wages Law”):  Payments:  As a rule, employers must pay employees’ salaries as follows: Cash payments are allowed only in exceptional cases explicitly outlined in the Protection of […]

01
December 2023

Yesterday 30 November 2023, the Plenary of the House of Representatives approved the extension of the Debt Restructuring provisions until the 31st December 2024.  The Debt Restructuring provisions allow for various tax reliefs and incentives in respect of transactions involving transfer of immovable properties by debtors to lenders, reflected in seven different laws. The context […]

24
November 2023

A proposal for a new law regulating the working conditions on Telework in the private sector has been approved by the Plenary of the House of Representatives last Thursday, 16 November 2023. Despite the developments that have taken place in recent years at national level in relation to telework and its gradual implementation by companies, […]

14
November 2023

The 2023/970/EU Directive on Equal Pay for Equal Work between Men and Women has recently come into force to strengthen the application of the right to “equal pay for equal work or work of equal value” through novel transparency and enforcement mechanisms. While various laws preventing discrimination at work and promoting equality between men and […]

29
September 2023

Ταγμένος στην πολιτική από μικρός, θα διαπίστωνε στην πορεία των πραγμάτων πως τουλάχιστον για κάποιον που θέλει να είναι έντιμος, όπως ο ίδιος λέει, δεν προσφέρεται για να βιοπορίζεται και θα την απέκλειε ως επάγγελμα. Θα θεωρούσε έτσι τη νομική ως το πλησιέστερο επάγγελμα και μολονότι θα την… φλέρταρε διστακτικά στο πρώτο έτος, πολύ νωρίς […]

28
September 2023

The Ultimate Beneficial Owners Register (the “UBO Register”) is a digital and publicly-accessible catalogue for mandatory disclosures concerning ultimate beneficial owners (the “UBO”). All companies registered according to Cyprus Companies Law Cap. 113, as amended, the European public limited liability companies (SE) and the partnerships are obligated to maintain and supply the Registrar of Cyprus […]

28
September 2023

The Law on the Facilitation of Strategic Development Projects of 2023 (Law 84(I)/2023) (the “Law”) has been recently enacted by the House of Representatives to simplify the licensing procedures of “strategic development projects” with the aim of placing Cyprus higher in the list of countries offering attractive investment opportunities. The Law’s core objective is, through […]

27
September 2023

The Transparent and Predictable Working Conditions Law of 2023 (Law 25(I)/2023) transposes into national law the EU Directive 2019/1152 and repeals the Information of Employees on the Terms of Employment Law of 2000 (Law 100 (Ι)/2000). The Transparent and Predictable Working Conditions Law of 2023 (Law 25(I)/2023) (the “New Law”) came into force this year […]