Cyprus became a member of the World Trade Organisation on the 30th of July 1995. Additionally, Cyprus committed to the WTO Basic Telecommunications Agreement upon its accession to the European Union.
With respect to the telecommunications sector, the Act on the Regulation of Electronic Communications and Postal Services Act 112(I)/2004 constitutes the outline for the regulation of electronic communications networks and services that are provided within the territory of Cyprus. Restrictions on the provision of electronic communications networks and services are only imposed in case public order, security and health have priority.
As long as the provisions in the relevant laws are fulfilled regarding to the provision of such services the nationals of Cyprus have access to them and thereafter foreign ownership is not excluded.
The rapid growth and expansion of the international electronic communications sector gives rise to the new legal issues and to the progression of the regulatory framework. The importance on electronic communications is the proper manage risk that grows through the changing of the regulatory and compliance matters, and also how the structure alliances and acquisitions are deal with the new business models.
We, ConnectedSky, can provide you with professional advice on regulations, and policies and on how those changes affect your interests. We attempt to help you identify important regulatory developments and issues that may affect your businesses, by anticipating and plan for matters that are important to your businesses, rather than merely reacting to them. Moreover, we give advice on compliance with many rules and procedures, including those concerning transfers of control and corporate restructurings.