CYAUSE Articles

The role of a Data Protection Officer (DPO) was first introduced by the General Data Protection Regulation (GDPR) (Regulation (EU) 2016/679), which was adopted on April 27, 2016, and came into effect on May 25, 2018.

This article provides a brief overview of the DPO’s role, key duties and its responsibilities under Cyprus law.

What is the General Data Protection Regulation, commonly known as the GDPR?

The GDPR is a comprehensive data privacy law enacted by the European Union (EU). It aims to protect the personal data and privacy of individuals within the EU and the European Economic Area (EEA) by setting strict rules on how organizations collect, process, store, and share personal data. 

The GDPR grants individuals greater control over their data, including rights such as access, rectification, and deletion (the “right to be forgotten”).

Cyprus is a popular business hub, known for its attractive tax system, strategic location, business friendly regulatory environment, offering numerous advantages for entrepreneurs and investors looking to establish a company. 

This article outlines the process of incorporating a company in Cyprus, the time it takes, the steps to incorporate a company in Cyprus, the required information and documentation, the role and use of the nominee directors, secretaries and shareholders, and the benefits of doing business in Cyprus!

In Cyprus, there are two primary methods for closing down a limited by shares company: the Strike Off Process and the Liquidation Process. In this short quide we examine the main differences of the two and the future implications to the tax payer.