Insurance companies face rising costs from road accidents
Insurance companies have to bear the costs of the ever rising number of car and motorcycle accidents in Cyprus – a phenomenon which is taking on alarming dimensions. Association of Insurance Companies data shows that car insurance represents 36% of total non-life insurance premiums. In 2018, gross motor insurance premiums amounted to €188 million compared […]
New regulations to tighten up Cyprus Investment Programme
New regulations to the citizenship by investment programme, have been approved by the cabinet which it says ties the scheme to anti-money laundering legislation. The Interior Minister said the regulations would be sent urgently to the House.It is strongly believed that the linking of the scheme to anti-money laundering laws, was an important provision which […]
Understanding Divorce Proceedings in Cyprus
Divorce proceedings in Cyprus require careful navigation of legal procedures while managing the emotional aspects of separation. Understanding your rights and obligations is essential for achieving a fair outcome. Cyprus law recognizes both contested and uncontested divorces. An uncontested divorce, where both parties agree on all terms, is generally faster and less costly. However, when […]