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1. How Trademarks Empower Businesses in the Digital Era

In the digital era, registering trademarks is of paramount importance, especially for small businesses and new entrepreneurs, as they play a crucial role in protecting a company’s brand and intellectual property....

2. Businesses fear global tax reform will lead to double taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

3. Companies spared fines for real beneficiaries registry

In light of recent reports, the Department of Companies and Intellectual Property (DCIP) in Cyprus provides updates on the implementation of Law 188(I)/2007 addressing the Prevention and Combating of Money Laundering....

4. Michael Kyprianou & Co LLC receives Cyprus Firm of the Year Legal Award at Who’s Who Legal Awards 2023

Michael Kyprianou & Co LLC has been awarded the Cyprus Firm of the Year Award by Who’s Who Legal (WWL). ...

5. Michael Kyprianou & Co scoops prestigious Cyprus firm of the year

Michael Kyprianou & Co LLC has been awarded the Cyprus Firm of the Year Award by Who’s Who Legal (WWL). ...

6. Ireland's tax policies fill sovereign fund coffers

Countries like Saudi Arabia, Norway, and Chile have long established their own sovereign-wealth funds....

7. Government to expand workforce in 2024

In the 2024 budget, authorities anticipate total general government revenue of €13.2 billion and expenditures of €11.8 billion, resulting in a fiscal surplus of €659 million, equal to 2.2% of GDP. ...

8. Cyprus tops EU in internet piracy

A recent report from the European Union Intellectual Property Office (EUIPO) sheds light on the concerning issue of internet piracy within the European Union....

9. Office workers catching 'ChatGPT fever' as usage surges

According to a recent Reuters/Ipsos poll, many American workers are adopting ChatGPT to assist with everyday tasks, even as tech giants like Microsoft and Google have restricted its use due to security concerns....

10. Quest for justice in Thanasis' tragic death

Last Wednesday, many people gathered outside Legal Services to support Andriana Nikolaou in her battle for justice regarding her son's death, Thanasis....

11. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

12. Crackdown on counterfeit goods results in seizure of over 1,700 items

In a targeted operation conducted last Monday, June 19, the Police and Customs Department successfully seized over 1,700 items of clothing and toys suspected to be counterfeit goods bearing various brand names. ...

13. 17% of Cypriots admit to purchasing fake goods

According to a report from the European Union Intellectual Property Office (EUIPO), Cypriots have admitted to accessing content illegally, particularly for watching sports. ...

14. Henry Kissinger warns of looming peril: U.S.-China tensions and the AI arms race

U.S.-China tensions have been called a repeat of Cold War-era dynamics. But a more apt comparison may be the years preceding World War I when much of Europe was sitting on a powder keg of hostilities and overlapping territorial claims that required only two bullets to ignite. ...

15. Nicosia scrambles to ease sanctions burden

The Registrar of Companies will accept requests from service providers to replace sanctioned persons with other persons, according to reliable sources...

16. Cypriot firms struggle to detach from sanctioned providers

The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...

17. EU court rejects appeals against use of BBQLOUMI and GRILLOUMI

The General Court of the EU rejected two appeals made by the Foundation for the Protection of Traditional Cheese named Halloumi against the use of BBQLOUMI and GRILLOUMI by companies in Bulgaria and Sweden....

18. Michael Kyprianou & Co LLC partners with IP expert Nick Kounoupias

Following the successful launch of Cyprus IP Day on April 26th, 2023 hosted at the firm’s Nicosia office, which saw a number of local and international speakers share their insight and knowledge on the subject of Intellectual Property (IP), and provided innovators, entrepreneurs, and businesses with an opportunity to connect with IP experts, Michael Kyprianou & Co LLC announces the newly formed partnership with one of the speakers at Cyprus IP Day, UK IP Champion and IP expert Nick Kounoupias....

19. EC proposes major reforms to create single market for medicines

The European Commission has proposed a new single market for medicines in the European Union (EU) to create an attractive and innovation-friendly environment for the research, development, and production of medicines....

20. Cyprus IP Day – Celebrating innovation and creativity

On April 26th, 2023 Cyprus Intellectual Property (IP) Day will bring together acclaimed local and international speakers and IP experts sharing their insights and expertise on the importance of identifying, managing and protecting ones Intellectual Property. ...

21. Greeks get chills over American feta cheese

Greek authorities and local dairy industries are up against yet another case of feta imitation and the unlicensed use of the name of Greece’s most popular cheese...

22. Cyprus appeals use of BBQLOUMI and GRILLOUMI

The General Court of the European Union is expected to decide in April or May on two appeals submitted by the Foundation for the Protection of the Traditional Cheese named Halloumi against the use of word marks BBQLOUMI and GRILLOUMI by companies in Bulgaria and Sweden, according to a press release by the Luxembourg-based Court of the EU....

23. Forced sterilization loophole in Cyprus raises eyebrows

A woman in Cyprus has been made sterile without her consent, with reports saying people who live with intellectual disability and other disorders often “get fixed” through forced sterilization by power of attorney...

24. Eva Kaili: From city council to city prison

25. Cyprus highly innovative compared to other EU countries

Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, according to the annual report of the European Innovation Scoreboard 2022 of the European Commission....

26. Moderna sues Pfizer for patent infringement

Moderna on Friday filed patent infringement lawsuits against Pfizer and BioNTech "for infringing patents central to (its) mRNA technology platform," the company said in a news release Friday....

27. Commission VP demands review of EU decision to trademark ‘Turkaegean’

European Commission Vice-President Margaritis Schinas has sent a letter to Internal Markets Commissioner Thierry Breton demanding a review of a decision to approve Ankara’s request to trademark the term ‘Turkaegean.’...

28. Can something really come from Nothing?

A consumer electronics start-up called Nothing has secured financing of more than $200mn to launch its debut smartphone, in the first attempt for several years by a newcomer to crack a market dominated by Apple and Samsung....

29. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

30. EY presents Cyprus Tax Facts 2022 guide

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2022....