Articles - Page 17 of 19 - Lawyers Cyprus

Divorce in Cyprus: Division of Assets

Divorce procedures in Cyprus also take into consideration the division of assets, besides other aspects related to the alimony of the couple’s children. It is important to know that such aspects can be handled in a simpler manner, in the case in which the spouses signed a prenuptial agreement prior…

Company Liquidation in Cyprus

How can a company be liquidated in Cyprus? There are to ways a company may be liquidated in Cyprus, according to the Company Laws, chapter 113 and the Cyprus Laws: compulsory or voluntary. The compulsory liquidation is performed by a Court’s decision, while the voluntary liquidation is performed by the…

Double Tax Treaties in Cyprus

Double taxation refers to taxes applied to the same income by at least two different jurisdictions. In order to prevent double taxation countries agree upon taxation agreements. Even if the Cypriot tax system is very advantageous for companies, Cyprus has tax treaties with other countries. Benefits of Cypriot tax treaties…

Establish a Bar in Cyprus

The tourism industry is a developed sector in Cyprus, producing 12% of the GDP in this country last year. In the same year, expectations were surpassed and there were a record number of visitors – 3.18 million. One way of taking advantage of this boom is to establish a bar…

General Partnerships in Cyprus

There are several ways through which one can start a business in Cyprus in terms of legal forms to use. One of them is the general partnership. This is a non-corporate entity that can be created by Cypriots and foreigners, and which requires at least two members. Below, our lawyers…

Open a Representative Office in Cyprus

Cyprus provides a stable economic environment, in which many fields have developed at a fast pace. In 2016, many industries, such as tourism of financial services, registered very good results and businessmen who want to establish a business presence on the local market can register a representative office, which can…

Real Estate Due Diligence in Cyprus

The Cypriot real estate market A country’s real estate market represents a strong indicator of that country’s economy. Cyprus has a developed real estate market mostly due to its geographical position and all-year warm climate. Even if until recently certain restrictions were imposed to foreigners buying properties in Cyprus, the…

Open a Merchant Account in Cyprus

A merchant account represents a special type of bank account which is set up for the purpose of depositing funds gathered from credit and debit card sales. When you use your card, the funds go into a merchant account. From it, they are then sent to a regular business bank…

Taxation of Foreign Companies in Cyprus

Foreign companies in Cyprus In 2003 Cyprus modified its legislation regarding the taxation of companies by abolishing the distinction between domestic companies and foreign ones. Tax residency of companies in Cyprus depends on where the management is established and control of the company is located. Even if there is no…

Corporate Tax in Cyprus

Taxation in Cyprus Cyprus’ taxation system is one of the most attractive in Europe. Member state of the European Union and the Organization for Economic Co-operation and Development (OECD) the country’s regulatory framework provides one of the lowest corporation taxes in the EU. The taxation of corporations paired with the…