law firm in Cyprus Archives - Page 6 of 7

Cyprus – Austria Double Tax Treaty

Double tax treaties are important for businessmen as they contain numerous provisions related to tax deductions or exemptions. Austrian investors interested in the business environment available in Cyprus can benefit from the provisions of the double tax agreement (DTA) signed by the representatives of the two states. The treaty is mutually applicable for the citizens of Cyprus and Austria and it provides a…

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…

Dividend Tax in Cyprus

The Cypriot taxation system The Cypriot taxation system is very advantageous for individuals or foreign legal entities wanting to expand their businesses and open new companies. Taxes are applied to both individuals and corporations according to the Tax Law No. 118 released in 2002. The income tax is applied to…

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 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…

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…

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…