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Cyprus Investment Firms

in Commercial Law

January 30, 2017

Certain activities and services are regulated and can only be provided if a license is obtained. In Cyprus, the governing authority is The Cyprus Securities and Exchange Commission (CySEC) which examines applications for such licenses and issues the licenses when such applications are approved. The primary legislation governing the provision of investment services and for the regulation and registration of Cypriot Investment Firms is Law 114 (I)/2007. Some of the advantages of Cypriot Investment Firms (CIF) are: ● Corporate tax rate at 12. READ MORE

Permanent Residence Permit in Cyprus via Investing on Property

in Real Estate Law

January 30, 2017

Cyprus has a favorable regime which allows a third country national to obtain Permanent Residency in Cyprus if he or she buys property in Cyprus worth a minimum of €300.000 and when certain conditions are met. Low crime rate, nice weather, high quality schools and a good living standard render Cyprus a very desirable location to invest on property and to seek to start a new life. According to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the criteria which have to be met for a third country national to obtain Permanent Residency in Cyprus are: READ MORE

NEW ECONOMIC ERA

in Cyprus At A Glance

January 28, 2017

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 its independence, Cyprus has enjoyed a thriving economic performance, reflected in rapid economic growth, full employment rates and external and internal stability. READ MORE

BUSINESS ENVIRONMENT

in Cyprus At A Glance

January 28, 2017

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; The island has an extensive Double Tax Treaty Network Friendly international relations; Sophisticated infrastructure; Excellent professional services with modern banking and insurance networks; Highly-educated and versatile workforce; Low operational costs; High standard of living; High quality of primary, secondary and university education. READ MORE

TOWNS – POPULATION

in Cyprus At A Glance

January 28, 2017

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 also a popular tourist resort.The costal town of Larnaca can be distinguished because the main International Airport is situated there and also because it has the second commercial port of the island. READ MORE

TRANSPORT NETWORK

in Cyprus At A Glance

January 28, 2017

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 90% of all the passenger vessels arriving at and departing from Cyprus are handled here and it is the shipping and international business centre of the island. READ MORE

About Cyprus

in Cyprus At A Glance

January 28, 2017

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 Rhodes. Due to its favourable location, Cyprus has developed into an appealing international business centre. Greek and Turkish are the official languages of the Republic. READ MORE

Legal Assistance in obtaining a Title Deed for properties

Legal Assistance in obtaining a Title Deed for properties

in Real Estate Law

January 28, 2017

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 new Planning Amnesty Laws of Cyprus that came into force on the 8th April 2011, any individual or legal entity may apply to the competent authority by submitting an application for the legalization of building irregularities or for the issue of updated title deeds. READ MORE

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