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NEW ECONOMIC ERA

With the accession of Cyprus into the European Union, as from the 1st of May 2004, it has been able to offer more attractive investment opportunities to entrepreneurs and advantages to investors. Cyprus has an open, free-market, service-based economy with some light manufacturing. The Tertiary sector is the largest contributor to the Cyprus economy. After...

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LEGAL SYSTEM

The legal system in Cyprus follows the English Legal structure and consequently all statutes relating to business matters and procedures are very similar to those of the English system. Most laws have been officially translated into English allowing foreign entrepreneurs to easily come to terms with the Cyprus legal system.

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BUSINESS ENVIRONMENT

There are many factors that have contributed to making Cyprus a favourable environment for doing business. The characteristics of the business environment in Cyprus reveal the advantages and flexibility Cyprus offers as an international business and financial centre:     Cyprus is considered to be a low tax country rather than a tax haven country;...

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TOWNS – POPULATION

The total population of Cyprus is around 800,000 with the capital, Lefkosia (Nicosia) being the largest town. Lefkosia is also the seat of the Government as well as the main business centre. The second biggest town of Lemesos (Limassol), which is where our firm offices are situated, is the main commercial port of Cyprus and...

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TRANSPORT NETWORK

The island has an efficient and effective transport network with two main international airports, the biggest of which is in Larnaca and the other one in Paphos. Cyprus is also accessible by ship courtesy of two ports, the Limassol Port and the Larnaca Port. Limassol Port is by far the larger of the two, approximately...

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About Cyprus

Cyprus lies in a distinctive and unique location as a “bridge” between the three continents of Europe, Asia and Africa. It has a long and varied history. It is situated in the north-eastern corner of the Mediterranean Sea, 75km south of Turkey, 90km west of Syria and 380 km east of the Greek island of...

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Legal Assistance in obtaining a Title Deed for properties

Are you facing problems in obtaining a title deed for your property in Cyprus? Cyprus Government with its new property Amnesty Bill has taken a huge step forward with the modernization and simplification of procedures and legal provisions that eventually lead to the security of updated title deeds by respective property owners. According to the...

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IMMIGRATION LAW

The THEOCHARIDOU & ASSOCIATES LLC immigration team deals with all matters relating to immigration law, citizenship applications (both through the economic citizenship program and the conventional route), applications for immigration permits, permanent residence permits, employment permits and visas.  The department advises both individual and corporate clients. Areas of work include: Citizenship applications Employment permits Permanent residence...

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EMPLOYMENT LAW

Wide experience and expertise in drafting employment agreements and related documents, including deeds of release and mutual termination agreements Providing advice on Cyprus employment law issues, including inter alia, redundancies, collective dismissals, termination of employment, information and consultation, employee share option plans, social insurance, employer and employee obligations, TUPE, protection of maternity, discrimination at work,...

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Contract Law

Work relating to contracts is at the heart of our practice. We advise our clients on a broad range of commercial and other agreements. Our team provides specialized drafting of any kind of agreement, including, but not limited to: Joint Venture agreements Loan agreements Employment agreements Pledge agreements Agency agreements Variation agreements Purchase-Sale agreements Shareholder...

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