A holding company in Cyprus offers a multitude of benefits, making it an appealing choice for businesses looking to optimize their corporate structure and financial strategies. From its favorable tax regime to its membership in the European Union (EU) and robust legal framework, Cyprus provides an ideal backdrop for companies…
Cyprus has a reduced and adaptable free-market economy which presents positive projections in the long-term. The island is a business gateway for Europe, the Middle East, Asia and Africa and it has a highly educated population which speaks English. In this article, our lawyers in Cyprus present a few of…
The Trust Law in Cyprus The Cypriot legislation on trusts is based on the English Trust Law. The Trustee Law which was enabled in 1955 was included in the Cypriot Civil Code. In 1992 Cyprus also introduced the International Trusts Law which is very advantageous for foreign investors coming to…
Marriage, divorce, and child custody in Cyprus are governed by the Civil Code which comprises the Family Law. The act provides for all the legal requirements both Cypriot citizens and foreigners who reside here can get married or divorced in this country must comply with. You can rely on our…
Estate planning solutions in Cyprus Will and trusts are the most popular and reliable estate planning solutions in Cyprus. Both solutions provide an individual the legal means to dispose of their property as seeing fit. According to the Cypriot laws, estate may be divided into a disposable portion a statutory…
The restructuring and insolvency of a company in Cyprus is performed is based on the Companies Law Cap 113, which prescribes the legal modalities for closing a business voluntarily or compulsorily. In 2015, the Cypriot government enacted new regulations on the insolvency legislation, which were also applicable to the Companies…
The Trade Register in Cyprus is usually known as the Department of Registrar of Companies and Official Receiver and is part of the Ministry of Commerce, Industrial and Tourism in Cyprus. Its main duties are to register new companies and to update the existing database. The functions of the Trade…
The Cypriot Department of Lands and Surveys The Department of Lands and Surveys, also known as the Land Registry, is the main authority dealing with the registration of property in Cyprus. The Cypriot Land Register falls under the regulations of the Ministry of Interior and started operating in 1858. Besides…
The Cypriot labor market After the economic recession the Cypriot economy has started to recover and so did its labor market. The European Statistical Office issued a report showing the unemployment rate in the last quarter of 2014 was 16%. However, starting with 2015 the labor market has started to…
Cypriot work permits for EU citizens EU citizens are allowed to enter Cyprus without being required to register when first arriving to the country. They are required to register if they want to extend their staying for over three months or if they are seeking employment in Cyprus. If seeking…