The EU Council and the European Parliament have finally reached an agreement on a new Anti-Money Laundering Directive. The 4th AML Directive expands the scope of The EU Council and the European Parliament have finally reached an agreement on a...

Electronic Money Institutions According to the EU Directive and the Cyprus Electronic Money Law ‘’Electronic Money’’ is defined as ‘’electronically including magnetically, stored monetary value as … According to the EU Directive and the Cyprus Electronic Money Law ‘’Electronic Money’’...

Conditions of application for a cannabis license in Cyprus What is Cannabis? Cannabis is a genus of flowering plant native to Central Asia and the Indian … What is Cannabis?Cannabis is a genus of flowering plant native to Central Asia...

1.Legal Framework 1.1.In pursuance of the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior, having notified the Council of Ministers,  has decided to issue an Immigration Permit to applicants from third country, in cases...

What is a Payment Institution? ‘’Payment institution’’ means a legal person who has obtained and retains authorization by the Cyprus Central Bank or by the competent authorities of another Member State to provide payment services. The term “Payment Institution” refers...

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We are pleased to announce that Tornaritis Law Firm has been retained by SNS Advisory, an industry leader in the provision of consultancy and processing services in the Health Sector in Iran, to provide representation and advisory services during the...


Naturalization of Investors in Cyprus by Exception Eligibility: The following non-Cypriot natural persons who meet one of the set financial criteria, are eligible to apply for the acquisition of Cypriot Citizenship: Natural persons, either personally or through a company in...

The announcement comes at a time of continuing growth of Tornaritis Law Firm Cyprus operations over the last twelve months and the expansion of its team of litigators and associates. Furthermore, Tornaritis Law Firm announced the opening of an office in Bucharest...