202205.30
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CyTBOR – A new reality?

Dr. Marina Himoni The Cyprus Securities and Exchange Commission (CySEC) has announced on 13 May 2022 that the online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (“CyTBOR”) will be accessible to trustees as of 17/05/2022 and for all involved parties as of 17/06/2022. The creation and establishment of…

Mandatory Disclosure Requirements of Reportable Cross-Border Arrangements under DAC6 – What are the consequences for the legal profession?
202107.28
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Mandatory Disclosure Requirements of Reportable Cross-Border Arrangements under DAC6 – What are the consequences for the legal profession?

Dr. Marina Himoni The Council Directive (EU) 2018/822 on Mandatory Exchange of Information in the field of Taxation (“The Directive”) amends the Council Directive (EU) 2011/16. The Directive has been transposed in the Republic of Cyprus on the 31st of March 2021 with the publication of the Law on Administrative Cooperation in the Field of…

Register of lawyers able to affirm oath
202103.30
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Register of lawyers able to affirm oath

The Register of Lawyers able to affirm oath by a third party – A real change to the status quo? Dr. Marina Himoni The Oaths (Amending) Law of 2021 has been published in the Official Gazette of the Republic on 26th of February 2021. With the provisions of the new Law (14(I)/2021) and in particular…