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What is a Yellow Slip?

EU citizens wishing to remain in Cyprus for more than 90 days, should be aware of the requirement of obtaining a yellow slip. The Cyprus Yellow Slip is the Registration Certificate which enables EU citizens and their family members to remain and work in the country. The application for the Yellow Slip should be submitted …

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Cryptoassets in Cyprus: New Draft Bill

The Cyprus Ministry of Finance published this week (06/09/2021) the proposed draft of the Distributed Ledger Technology Bill for public consultation in both Greek and English. Interested parties may provide comments and suggestions on the draft legislation by the 08/10/2021. The bill includes the following: • Definitions for Distributed Ledger Technology and Cryptocurrencies. • Legal …

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Crypto-Asset Service Providers in Cyprus

The much-anticipated Directive on the Registration of Crypto-Asset Service Providers in Cyprus was published in the Official Gazette and entered into force in Cyprus.  This follows the incorporation of crypto-asset businesses in EU AML legislation under the 5th EU AML Directive and the 5th AML Law in Cyprus.  The Virtual Assets Services Providers that offer services from …

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Shareholders Rights Directive III: Now Coming into effect in Cyprus

The Law on the Encouragement of Long-Term Shareholder Engagement of 2021 (Law 111 (I)/2021) (the “Law”), which has come into effect on May 12th 2021, transposes Directive (EU) 2017/828 (the “Directive”) into Cyprus law. The Directive revises its predecessor, Directive (EU) 2007/36, and regulates the exercise of certain shareholder’s rights for listed companies, while it …

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