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On the 1st of February 2021, the Brussels office of Elias
Neocleous & Co LLC presented a webinar, accredited by the
Cyprus Bar Association, on The European Green Deal .
Opening the webinar, Mr. Ierotheos Papadopoulos, Head of the
European Commission Representation Office in Cyprus, gave a speech,
during which, he presented the European Union s ambitious
roadmap towards a climate-neutral circular economy where economic
growth is decoupled from resource use. Mr. Papadopoulos advocated
that, by turning climate and environmental challenges into
opportunities, this new growth strategy will transform the Union
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The date of implementation of such
data insertion had been set to the 18th of January 2021, but then
postponed to the 22nd of February 2021. A grace period of six (6)
months has been given for such submission.
The long awaited UBO-register requirement is now a reality in
Cyprus.
In an exemplary attempt to restrain the negative effects of
money laundering and terrorist financing, the Government of Cyprus
has taken further steps to increase transparency in all
transactions taking place within the country. By the decision of
In a recent announcement by the Department of the Registrar of Companies and Official Receiver, the effective date for the commencement of data collection regarding the details of entities beneficial owners has now moved to 22 February 2021.
Legal entities are granted a six-month period to register to a specially created platform and submit information concerning the physical person who is the beneficial owner of the respective legal entity. The developed platform represents an intermediate solution and access to it will be possible only by the competent authorities at present, subject to a prior request made to the Registrar of Companies.
Following information by the Cyprus Bar Association, submission of information and registration to the beneficial owners platform is voluntary until the relevant regulations are enacted. Enactment is expected in the next few months. At present, the draft regulations are being finalised and will then be sent to the Cyprus Bar Association for rev
Our top 10 property stories in 2020
December 20, 2020
Our top 10 property stories for 2020 are set against a background of the COVID-19 pandemic, which has plunged our planet into a health and humanitarian crisis, resulting in disruptions to businesses and livelihoods, and restrictions on our personal freedoms.
Cyprus Property News has not been immune to the impact of the pandemic. Our visitor numbers have fallen to just over 500,000; a 30% fall compared to last year.
As we approach the festive season, which will be unlike any we’ve experienced in the past, here are the top 10 stories that have attracted the most interest from you, our readers, over the past 12 months: