cypriot law firm Archives - Page 3 of 3

Open an Insurance Company in Cyprus

Entrepreneurs who intend to open an insurance company in Cyprus should be aware that such a business here requires a license to activate in this sector, under the articles 8 and 22 of the Insurance Law. Our lawyers in Cyprus can provide more details on the schemes available for foreign…

Create a Foundation in Cyprus

Foreign entrepreneurs looking to set up a foundation in Cyprus have to get familiarized with the specific legislation for this type of organizations in the country. Foundations in the island are regulated by the Societies and Foundations Laws 1972 and 1997. In this article, our lawyers in Cyprus explain a…

Taxation of Investment Funds in Cyprus

After the introduction of different laws and regulations in connection to Alternative Investment Funds and Fund Managers in Cyprus in the last few years, this industry continued to increase on a constant basis. UCITS (Undertakings for Collective Investment in Transferrable Securities, a mutual fund based in the EU) and AIFs…

Open an IT Company in Cyprus

The IT sector in Cyprus is pretty much dominated by Cypriot companies and a few foreign entities which have a local office. There is a small amount of Greek and global players which conduct their activities in Cyprus through their Greek offices. At the moment, the European Commission predicts a…

Company Due Diligence in Cyprus

Cyprus is an attractive country for foreign investors. Numerous business people come here to open a company, while others take part in various partnerships with local companies. Foreign business people who do not know too much about their Cypriot partners can appeal to different kind of procedures to check if…

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…

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…

Taxation of LLCs in Cyprus

A limited liability company (LLC) in Cyprus is the most common type of business structure chosen by foreign investors in this country. The Chapter 113 of the Companies Law of 1959 rules the LLCs which are based in Cyprus. As follows, our lawyers in Cyprus describe the taxation for LLCs…

Relocate a Business to Cyprus

As a member state of the European Union since 2004 and with a solid tax and legal system set in place, Cyprus has more than three decades of an international business hub experience. These make the island an attractive jurisdiction for a business entity to relocate. In this article, our…