Russia’s Economic and trade sanctions
Economic and trade sanctions have become a favored geopolitical tool for some Governments. It is crucial for businesses operating internationally to consider and prepare for the potential impact of sanctions on their operations. Proper risk management and strategic decision-making are necessary...
EU Approves 4th Anti-Money Laundering Directive
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...
A guide to Electronic Money Institutions
(EMIs)
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 licence in Cyprus
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...
Cyprus Immigration Permit within the scope of the new, expedited procedure to applicants who are third Country nationals and invest in Cyprus
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...
Cyprus Payment Institution
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...
Investing in Cyprus – Cultivation and Production of Medicinal Cannabis
Exclusive Licensing 2 licences for cultivation and production 15 years exclusivity Download Presentation
Press Release
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...
Cyprus Citizenship
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...