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Cyprus company law mandates the appointment of a company secretary for every incorporated entity, yet many international clients underestimate this role's significance in maintaining statutory compliance and corporate governance. Understanding the legal requirements, core responsibilities, and practical implications of this position is essential for proper company administration and avoiding common compliance pitfalls.

The Court of Justice of the European Union has ruled that banks cannot automatically refuse to open basic payment accounts solely because an applicant appears on a third-country sanctions list, such as OFAC. While such designations constitute relevant risk factors, financial institutions must conduct individual, proportionate assessments demonstrating that AML and sanctions-related risks cannot be adequately managed through appropriate measures.

For many property buyers in Cyprus, one of the first questions is whether the property has separate title deeds. The question is important, but it is often misunderstood. A property without separate title deeds is not automatically a bad purchase, and many properties in Cyprus have been bought, sold, mortgaged and occupied for years before separate title deeds were issued. At the same time, the absence of title deeds should never be treated as a minor technical detail.