attorneys in Cyprus Archives - Page 5 of 6

A Guide on Dividends in Cyprus

The shareholders of a company located in Cyprus are entitled to receive dividends for their contribution to the business’ capital. Dividends refer to a portion of the company’s profits, which are established in accordance with the decisions of the company’s board of directors and they can be provided to the shareholders…

How to Open an Offshore Company in Cyprus

An offshore company represents a business which is set up outside the country where an individual resides and pays taxes. The main reasons why business owners choose to open offshore companies in Cyprus are the tax reductions which they can enjoy and the asset protection offered in this country. In this article, our lawyers in Cyprus describe briefly how to…

Open a Financial Company in Cyprus

The financial sector in Cyprus is made of financial institutions such as banks, insurance businesses and other companies which activate in this field. The legal frame in the country which is related to the financial sector is in alignment with the rules imposed by the European Union. Our lawyers in…

Taxation for Sole Traders in Cyprus

A sole proprietorship, also called a sole trader, in Cyprus, is the most basic type of business vehicle in this country. It implies having a single owner who entirely controls the business. This type of legal entity, according to the Cypriot legislation, is not considered a legal person. Therefore, there…

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…

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…

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…

Power of Attorney in Cyprus

Cyprus is a very open country when it comes to foreign investors and these can perform various activities in this country without being required to come here. This is possible through a power of attorney granted to a trusted person, such as a lawyer in Cyprus or another relative. Our Cypriot lawyers can help foreign investors in performing…

Marriage in Cyprus: Rights and Obligations

Foreigners are allowed to get married in Cyprus, provided that they have made several steps for the marriage application. According to the Marriage Law, Cap. 279, in order to be able to marry here, the individual should personally apply for registration at the Town Hall. The marriage can take place…

Obtaining Citizenship By Investment in Cyprus

Various reports issued by prestigious international magazines place Cyprus among the most attractive European countries as an investment destination. One of the reasons for which Cyprus has gained this reputation is the government’s implication in offering numerous incentives to foreign businessmen interested in moving to this country by making significant…