No matter the activities you want to complete in Cyprus, there are many cases in which you could need professional assistance, especially when you are a first-time comer to this country. With years of experience behind, our lawyers in Cyprus have helped a lot of clients to start businesses, to hire employees or to simply relocate here.
No matter the situation you are dealing with, obtaining tailored advice can be crucial which is what our Cypriot law firm is here for.
Membership in international organizations
Our company is a trusted member of BridgeWest. Over time it has also became a member of prestigious organizations, such as the Cyprus Bar Association as well as of the international web portals HG.org and Expat Brifeing. Our CEO Evgenios Erotokritouis an important member of the Honourable Society of the Middle Temple and of the Cyprus Bar Association since 1980.
Below, you can read about some of the services we offer for our clients in Cyprus, no matter if they are natural persons or companies.
What are the main services offered by our lawyers in Cyprus?
Do you need a lawyer in Cyprus? The services our attorneys cover aspects of the civil and commercial legislation, however, we also offer legal assistance in various disputes.
Here is what you can count on us for:
guidance and assistance in registering a business in Cyprus and obtaining all the necessary licenses to operate;
company liquidation services – we can also help you if you want to shut down a company in Cyprus;
assistance in immigrating to Cyprus, no matter if you want to do that the traditional way or through one of the investment immigration programs available;
assistance in debt collection for local and foreign clients seeking to recover money from bad payers;
assistance in buying a property in Cyprus – we can help if you want to purchase an apartment or house here;
legal guidance in resolving various disputes, no matter if through mediation, arbitration or in court;
counseling in civil law cases, such as marriage registration, divorce and division of assets, and child custody.
If there is any other service we did not cover, we kindly invite you to reach out to our Cypriot lawyers and discuss your case with them.
You can read about our legal services in Cyprus in the infographic below:
Opening a company in Cyprus
Our team of lawyers will provide legal advice in Cyprus, consulting and representation in several fields and domains, with the guarantee of success. Our law firm will support the undertakings of the first steps in setting up your own business in Cyprus by providing advice and preparation for the incorporation of the company and we sustain your business in any further actions and steps, including tax compliance, debt collections, litigations and any other particular aspect for which you need legal assistance.
Our law firm seek to create every opportunity to resolve existing problems, to prevent future problems and to inform their clients for a better relationship with third parties in order to fulfill their interests within the law.
After the company registration procedure is completed, you can rely on our lawyer in Cyprus to apply for the necessary licenses you need to start your operations. For example, restaurants, telecommunications, financial and healthcare companies require specific permits obtained with the relevant authorities in order to complete their activities and the support of our Cypriot lawyers in preparing the documents required can prove important in speeding up the licensing procedure.
The main business forms in Cyprus
There are several types of companies which can be created in Cyprus, however, the private limited liability company is by far preferred by both local and foreign entrepreneurs. The other structures available are the sole proprietorship which refers to a businessperson starting a small business in their own name, however, the owner will be liable for the venture’s debts and other liabilities with their personal belongings. The partnership is another type of structure which can be suitable for foreign investors seeking to have a local partner in Cyprus. It is important to note that the sole trader and the partnership are not considered corporate entities in Cyprus.
The public limited liability company is another legal entity governed by the Company Law in Cyprus. However, this is usually suitable for large-scale projects.
Other ways of starting a business in Cyprus are the joint venture and the franchise. If until a few years ago these were not that popular in this country, they are now good options for those interested in doing business in Cyprus.
Foreign companies, on the other hand, can start by setting up liaison offices through which they can prospect the market and then expand through branches or subsidiaries.
No matter the business you decide for, our lawyer in Cyprus can guide you in registering them. Moreover, we can also help you select an appropriate business form which suits your plans.
Documents required to open a business in Cyprus
Starting a business in Cyprus implies completing various steps, and our lawyers can be by your side through every phase of the process. One of the most important steps refers to the preparation of the incorporation documents when opening a business in Cyprus. If in the case of sole proprietorships, a simple registration form needs to be filed with the Companies Registrar, in the case of partnerships, a partnership agreement needs to be drafted and notarized by a public notary in Cyprus. In the case of franchise businesses, a franchise agreement will need to be prepared. Additionally, the franchisee (the party buying the franchise must register a company first).
For those interested in pursuing their business interests in Cyprus through limited liability companies, the Memorandum and Articles of Association are the documents they should prepare. Our law firm in Cyprus can handle the drafting and notarizing of these documents and put them at the disposal of the future business owner in a few days. In certain cases, foreign investor will also need to obtain residence permits for Cyprus. We can also help in this endeavor.
Legal services in Cyprus
If you need a lawyer in Cyprus, you should know that our lawyers offer concrete activities for our clients, including the diagnosis of the case, effective representation, drafting documents, preparation of evidence, redress and enforcement of judgments.
The law firm provides complete assistance and legal services to all our clients by permanent collaborations with notaries, experts, auditors, liquidators, legal advisers, counselors, accountants and specialists in areas of law enforcement.
By our lawyers’ services we are able to provide full counseling for opening a company in Cyprus, having in consideration that the Cypriot state supports foreign investors in order to attract foreign capital in this country, by using an advantageous tax system and low red tape. Let our lawyers take care of this procedure for successful result in optimum time for any type of company you are willing to open: a limited liability company, public limited company or company limited by guarantee or general and limited partnerships. Investors interested in opening companies in Bulgaria, can be put in touch with our partner law firm from Bulgaria.
Immigration services provided by our immigration lawyer in Cyprus
Foreign investors interested in obtaining Cypriot citizenship or a residence permit can receive professional legal assistance from our immigration lawyer in Cyprus. The Cyprus Golden Visa Program is a scheme through which foreign citizens can obtain Cypriot citizenship or permanent residence in this country if they purchase property. We have an experienced lawyer in this legal area, who has helped many foreigners obtain citizenship by investment in Cyprus. In case you need immigration services in Portugal, we can put you in contact with our partners.
Assistance in moving to Cyprus based on a Golden Visa
By far, Cyprus is one of the most appealing relocation options in Europe for non-EU investors. Cyprus is a pioneer when it comes to citizenship by investment programs and it is also one of the cheapest options for those interested in moving here based on the purchase of a property.
However, like any other country, Cyprus imposes specific requirements to those interested in accessing the Golden Visa scheme. For example, investors need to meet the following requisites:
to invest at least 500,000 euros in real estate, land development or infrastructure projects;
to invest the same amount of money in investment funds approved by the government;
to purchase shares in companies approved by the government;
a combination of the options above with a minimum investment of 500,000 euros.
Also, the investment must be maintained for a minimum period of 3 years, while the source of the funds must be legitimate.
Applying for a golden visa can be easy with the help of our lawyer in Cyprus who can assist with the preparation of the necessary documents and who can also advise on how to respect the requirements of this country’s authorities.
Company liquidation in Cyprus
When you want to close a company in Cyprus, count on our lawyers who are able to provide you the best solution for this procedure. Our law firm will inform you that there are to ways to liquidate a company in Cyprus, as provided by the Company Laws: compulsory or voluntary. Our attorneys will guide you through the procedure of the compulsory liquidation, which is performed by a Court’s decision, and when other option may be applied, through the voluntary liquidation, performed by the company’s members or creditors. In case you need assistance with the dissolution procedure in other European, we are more than happy to recommend some of our partners, like a law firm in Germany for instance, whom we have worked with and enjoyed a long and succesfull colaboration over the years.
Holding companies in Cyprus. Legal assistance for mergers and aquisitions in Cyprus
Our lawyers can also offer you full service and representation in opening a holding company in Cyprus. You need to know that a holding company must detain more than a half of the stocks of another company so it may control its actions and the parent company may only exist to perform activities through its subsidiary or may also operate business on its own. So, ask for our lawyer’s counseling for opening a pure holding company or an operating holding company.
Our attorneys will also represent you in any litigation case and will treat each case with maxim seriousness for successful results.
Debt collection in Cyprus
Debt collection is not a pleasant situation to deal with, but if you choose to work with our lawyers this problem will come to optimum results. Our law firms will sustain your actions and will represent you before the court or any legal authorities and even in relations with third parties and the other party involved in this procedure. Check our brief article about the debt collection in Cyprus.
As you can observe, our law firm has experts in several legal areas, from commercial law to immigration law. Therefore if you want to start a company in the country and obtain a residence permit or Cypriot citizenship our corporate lawyers together with our Cyprus immigration lawyer are ready to help you. Moreover, if you are interested in becoming a Cypriot citizen by purchasing real estate, we can give you more details about the Cyprus golden visa.
Buy a property in Cyprus with the help of our law firm
Many foreign citizens and companies have shown their interest in owning real estate in Cyprus. No matter if you want to buy a property for relocating here, for investment or commercial purposes or as a simple vacation home, Cyprus is an ideal destination for owning real estate.
If you are looking for an exprienced real estate lawyer in Cyprus, you should know that our lawyers can help with the real estate due diligence before you make any move and then prepare all the documents you need to sign in order to complete the purchase. We will also help you register your new property with the Cyprus Land Register. We can also help if you want to sell a property in Cyprus.
Litigation lawyers in Cyprus
Understanding the legal system of Cyprus can be very important when you are involved in a dispute, especially when you want to resolve it in a fast manner, but most of all in your favor. Our litigation attorneys in Cyprus are at your disposal no matter the case you are dealing with, as we can help in various civil and commercial disputes, but also in employment disputes or any other case.
Cyprus is one of those countries in which disputes can be solutioned through mediation and arbitration, should you want to pursue an easier way to resolve a dispute.
Assistance in Family Law matters offered by our Cypriot law firm
Those interested in getting married in one of Cyprus’ spectacular sceneries can obtain assistance from our lawyers in preparing the documents they need to present to the authorities.
Other more unpleasant aspects of the Family Law imply divorce, the division of assets, child maintenance and custody, cases in which you can rely on our Cypriot lawyers. We can advise on the best way of resolving family disputes and we can also offer assistance in having foreign judgments enforced in Cyprus.
Frequently Asked Questions on Legal Matters in Cyprus
1. What are the steps of business litigation cases in Cyprus?
2. What are the most important legal aspects I should know about company formation in Cyprus?
Opening a company in Cyprus does not take very long because foreign investors have the same rights are local citizens. Once you have decided the type of company you want to register, you must select a business name, prepare the documents of incorporation and submit them with the Cypriot Trade Register. Our law firm in Cyprus can guide you through the registration process.
3. What are the basic legal requirements for foreign investors wanting to invest in Cyprus?
There are no share capital requirements for most types of companies. You must deposit a minimum share capital of approximately 26,000 euros if you want to open a public company.
4. Will I need special permits or licenses for my new company in Cyprus?
Depending on the business activity you want to conduct, there are industries that require special licenses or permits. Our Cypriot lawyers can offer you more information on the matter.
5. What is the procedure of debt collection in Cyprus?
Debt collection agencies are usually entrusted with carrying out debt recovery proceedings in Cyprus. There are also cases that are tried by the Cypriot District Courts.
6. Do you need a visa to enter Cyprus? How can I obtain it?
Foreign citizens of non-EU countries are required to apply for a Cypriot visa depending on the purpose of their visit. Our law firm can guide you through the application procedure.
7. What are the steps I must follow in order to obtain citizenship in Cyprus?
You can acquire Cypriot citizenship by birth right, by naturalization, by marrying a national or by investment. Citizenship by marriage can be obtained after three years of marriage, while by naturalization can be acquired after living 7 years in the country.
8. What are the requirements regarding employment in Cyprus?
Foreign citizens of non-EU countries may apply for a residence or employment permit after their arrival in Cyprus. They must first register for social security and then seek employment.
9. Are there any special requirements for marriage and/or divorce in Cyprus?
Marriage registration in Cyprus consists in submitting both a common and a separate petition by both spouses. In certain cases a declaration of consent before a Cypriot District Court may be required. The marriage will be registered between 15 days and 3 months after the declarations have been submitted. Divorce cases are tried by Family Courts.
10. How are individuals and companies taxed in Cyprus?
The income tax in Cyprus is levied at rates varying between 20% and 35%, while companies are taxed at a flat rate of 12.5%.
Legal services in various cities in Cyprus
Because we want our clients to benefit from our full attention, our legal services are available in all major cities in Cyprus. You can find us in Nicosia, Limassol, Larnaca and Paphos, no matter the services you need. We are a multi-disciplinary team and can offer assistance no matter the case you need us for.
Cyprus is one of the European countries which have a lot to offer from an investment point of view, so if you need information about the incentives available, our lawyers can explain them to you. At the same time, we can help with the registration of a business which qualifies for the incentives you are interested in.
If you need other legal services in any of the cities mentioned above, you will always have someone ready to assist you.
Why should you choose Cyprus?
Cyprus is one of the most appealing countries in the European Union because of the flexible legislation and the relaxed rules created by the government when it comes to foreign investors, but also simple citizens interested in moving here.
foreign citizens can obtain Cypriot citizenship by investment in no more than 3 or 4 months, compared to other countries in which the procedure takes up to one year;
according to Global Finance, Cyprus ranked 8th out of 20 countries in the FDI Superstars 2018 in in terms of FDI performance;
according to the Financial Times, Cyprus occupied the 1st position in the 2019/2020 Island Economies of the Future;
67% of the properties bought in Cyprus in 2018 were purchased by non-EU citizens.
No matter the legal services you are interested in, please feel free to contact our lawyers in Cyprus.
If you are interested in information about company formation in other countries, such as Italy orTurkey, you may contact our local lawyers.
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