The Central Bank of Iran (CBI) set up a secondary market for foreign exchange due to a major change in Iran’s foreign exchange policy which resulted reduction in the availability of foreign currency and the volume of foreign exchange transactions. According to Valiollah Seif, Governor of the CBI, this decision was made to control the […]

The Cypriot cabinet has decided to form a joint working group to develop and implement blockchain technology in Cyprus in order to keep up with the international developments. According to Prodromos Prodromou, Government spokesman it was “an important decision for the country’s future development and adjustment in the digital era.” The members of the working […]

3rd Cyprus International Investors Summit on 13-14 September, 2018 The Cyprus Success Story: International & Regional Headquartering in Cyprus Invest Cyprus, the Cyprus Investment Promotion Agency, is organizing the 3rd Cyprus International Investors Summit on 13-14 September, 2018 at the Carob Mill Complex in Limassol, aiming to gather a diverse audience of professionals and showcase […]

Cyprus residence and work permits – Companies with Foreign Interest This regulation has been replaced by the new and more favourable legislation as per 1/1/2022. Cyprus companies with non-EU shareholders that provided a paid-up capital of the company of minimum EUR 200.000 can employ up to 15 non-EU persons in upper and middle management positions, […]

CySEC (The Cyprus Securities and Exchange Commission), the regulatory body for financial service providers in Cyprus, has established an Innovation Hub, with the aim to address and explore the quickly evolving FinTech and RegTech developments. The Innovation Hub will provide a platform where both supervised and non-supervised entities will have ongoing access to CySEC’s regulatory […]

According to Alain Pilloux, EBRD’s Vice President for Banking, the bank has invested in Lebanon $75 million so far and this amount will reach more than $100 million by the end of its first year of operation in Lebanon. The European Bank for Reconstruction and Development (EBRD) plans to continue financing projects in Lebanon by […]