Cypriot lawyers Archives - Page 6 of 6

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…

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…

Guide on the Golden Visa Program in Cyprus

Cyprus is one of the largest islands in Europe, the third in size in the Mediterranean Sea and serves as a connection between Asia and the Old Continent. These are just a few of the reasons why foreign investors come to open companies in Cyprus, while foreign citizens move here…

Start a Business for Repair of Transport Equipment in Cyprus

Transportation is one of the most important industries in Cyprus, as the country is one of the most important trading hubs in Europe. Tons of merchandise arrived from all over the world are sent to other European countries by road, sea, and airways. The Cypriot transportation industry has branched out…

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…

Cyprus – Italy Double Tax Treaty

The Cyprus – Italy double tax treaty was concluded in 1974 and its scope is the avoidance of double taxation, as well as fiscal evasion prevention in regards to income taxes. It was followed by an additional protocol signed between the two countries in 2010, which views the banking and other information…