Cyprus Partnership Formation

Cyprus Partnership Formation

Although the majority of businesses in Cyprus aim to structure and carry on a business using a Cyprus private company limited by shares, in certain cases, examined below, it might be more appropriate to consider a the formation of a Cyprus Partnership. What is a...
Covenant to Restrain Trade in Cyprus

Covenant to Restrain Trade in Cyprus

Does a covenant to restrain trade in a Cyprus employment agreement provide sufficient protection to the employer? – and does it really prohibit an employee from performing his trade? The answer is: No protection is afforded – the employee can carry on a...
Cyprus Trade Name Formation

Cyprus Trade Name Formation

A Trade Name is a name under which a Cyprus business (of any legal status) may carry on a trade or provide services. A trade name in Cyprus does not enjoy any of the benefits of a Cyprus private company limited by shares however sole practitioners and business alike...
Monetary Charge due to Late Submission

Monetary Charge due to Late Submission

The Cyprus Registrar of Companies has yesterday announced that from the 18th of December 2019, in accordance with the Companies Law, Chapter 113, Law 149(I)/2018, the enforcement of a monetary charge to late fillings will apply. When does a Monetary Charge apply? The...