News

"As of 1st November 2020, the Cyprus Investment Programme is closed until further notice. Contact us for further information." The Cyprus Council of Ministers, during a meeting held on the 6th of May 2019, decided that investors who conclude agreements for the purchase of real estate will be exempted from making a further €150,000 donation provided that until the sale deed/ purchase agreement is stamped until the 15th of May 2019.

The FIAU recently issued a guidance note in order to assist remote gaming licensees with submitting suspicious transaction reports.

CCLEX has launched the Global Dual Citizenship Report. Download to the report for an overview of dual citizenship laws in over 100 jurisdictions.

CCLEX Malta law firm member Chetcuti Cauchi Advocates has just announced a partnership with GħSL, the Malta Law Students Society, through which the firm will be acting as a supporting arm for the law student society. During the event, CCLEX has also committed to collaborate with the Malta law school students association.

Brexit has been delayed for a second time, with the new deadline set for Halloween. Whilst the deadline has been agreed upon with a review in June, the UK will be able to leave the EU beforehand should a deal finally be agreed upon.

The European Commission has implemented an ETIAS European Travel Information and Authorisation System affecting citizens from visa waiver countries. Although ETIAS concerns citizens from Citizenship by Investment Programmes, those citizens with a passport from Malta will not be affected.

As from April 2019, a new price option for the Grenada Citizenship by Investment programme under real estate will be introduced. Although the option reduces the investment amount, it has also added new requirements.

With Theresa May's Brexit Withdrawal Deal having been voted against for the third time by the British Parliament, the future of Brexit is, as always, unclear. A general election, a second referendum, and a long extension are now once again all on the table.

With the advent of the new EU Copyright Directive on the digital use of artist’s work come both criticism and approval as some feel that the marketing copyright will hinder creativity, whilst others believe that the directive will protect artists.

The British parliament has voted in favour of delaying Brexit and against a second referendum. Whether Brexit is delayed or not, however, is now in the hands of the leaders of the remaining 27 Member States of the EU.