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Legal System

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Today, Cyprus is an attractive international business centre and it is also considered as one of the best relocation destinations in the world. Georgiades & Pelides LLCis a leading Cypriot law firm with a broad corporate, banking, commercial and litigation practice and a distinct international focus. The firm was formed in 1998 by the merger of Georgiades & Georgiades, one of the most successful and dynamic younger firms in Cyprus with Nicos Pelides & Co one of the longest established.

He is a Chartered Accountant, member of the Institute of Chartered Accountants in England and Wales and of the Institute of Certified Public Accountants of Cyprus . In 2010 Nicos set up GNI his own audit and accounting practice after having worked for nine years as Manager in the Audit and Assurance department of PricewaterhouseCoopers. Any member or creditor of a company may object to the striking-off of a company within the period of 3 months from the relevant publication in the Gazette. It is worth noting that for the time being, Cyprus has opted not to adopt the provision of the Directive which requires that each relevant taxpayer files information about their use of the arrangement with the CTD in each of the years for which they use it. On the basis of our past experience, the registration certificate (“yellow-slip”) is issued within a time period of between 2 weeks to 2 months, depending on the backlog of the Immigration Department. EU Citizens entering the Republic of Cyprus to work and who will spend more than three months on the island will need to register with the relevant authorities in Cyprus.

Estates, Succession And Inheritance Tax: Find Out The Details Relevant To Cyprus

Regardless of the needs to be fulfilled Russian Speaking Lawyers Cyprus will assist in the search to locate the company offering the ideal service. Russian Speaking Lawyers Cyprus concentrates on offering information and links to companies within Cyprus who are the leaders in their field. Each business, company or service listed within Russian Speaking Lawyers Cyprus has been selected to ensure that a variety of information is within reach of virtual fingertips across the globe. Energy Lawyers In Cyprus is one of the many portals within the network that endeavors to provide a comprehensive listing of businesses and services that are based on the island of Cyprus whose services lie within the field of Energy Lawyers In Cyprus. Regardless of the needs to be fulfilled Energy Lawyers In Cyprus will assist in the search to locate the company offering the ideal service. Energy Lawyers In Cyprus concentrates on offering information and links to companies within Cyprus who are the leaders in their field.

If the above investment includes the real estate option, this property can be included in the EUR 2 million investment. Cyprus is a member state of the European Union since 2004 and has a strong legal and tax system with over 30 years of experience as an international business center. North Cyprus Law Clinic will provide information and training on setting up a company, their legal responsibilities, and about their operation as well as providing comparative information on Turkey’s Commercial Code and law in England from time to time. Our legal team specializes in a wide range of practice areas including Real Estate, Investment, Personal Injury, and Criminal law .

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Her knowledge and expertise also extends to cross border merger transactions, advice on regulatory matters including MIFID and fund related matters. Nabil Abu-Assal is seasoned in many areas of civil litigation, having spent more than 30 years helping real estate, technology, entertainment, and other business clients efficiently and successfully resolve complex business problems. He has conducted highly complex real estate, banking, partnership, and probate trials. Clients seek his general counsel and advice as a legal and business troubleshooter.

A new and powerful tax tool provided to business enabling them to create a return on new equity injected into a local business. The return is achieved by deducting a ‘notional’ interest expense from their taxable income subject to the value and the applicable reference rate. Arbitration is a form of alternative dispute resolution which permits parties to settle a dispute outside the court system.

Healys Cyprus desk is an established team with particular expertise in this complex field. With bilingual specialists and two partners of Cypriot origin, we can help you protect your interest and human rights in Cyprus. We offer a comprehensive personal service and can provide advice and representation through affiliated lawyers, estate agents and advisers in Cyprus. Cyprus property law is quite complex, especially when you consider all the different property tax rules that will apply to you when you buy a home. The easiest way to ensure that you stay 100% legal and safe when buying your first home is by using the help of Meshitis real estate lawyers.

• (You can read more about how these claims work in Cyprus in my ‘Property Claims’ and ‘Specific Performance’ pages).
• Prior to founding Cypress, Brent served as Fund General Counsel of The Gores Group, a prominent Los Angeles private equity firm.
• According to EDEK deputy Georgios Varnavas, who tabled the issue for discussion, representatives of the Cyprus Bar Association confirmed to the committee that there were incidents of lawyers refusing to take on other lawyers in court.
• In June of 2019, the European Union adopted a directive that targets the limitation of single-use plastics and marine litter.

We offer our services to businesses as well as individuals, and work locally and internationally across a wide range of fields. The main requirement of this is to invest 2 million Euros in real estate (which was recently reduced from 2.5 million euro). A further change made in September 2016 was the possibility to include parents of the main applicant. As an established reputable business and financial centre, Cyprus is supported by an advanced legal accounting and banking system, a highly skilled and multi lingual workforce and excellent telecommunication systems.

The articles of association of a company set out when and how dividend can be distributed. For instance, the articles may vary dividend rights attaching to classes of shares, include special arrangements regarding the distribution of dividend to shareholders or resident permit turkey establish priorities of dividend payments. Final dividends are paid annually and are determined based on the company’s financial statements. Final dividends are declared by the shareholders of the company and may not exceed the amount recommended by the Board.

The successful candidate will have the opportunity to advise the firm and its clients in relation to different fields, mostly on matters of corporate and contract law. One very strong principle of Equity is the principle of Estoppel which stops a litigant from asserting rights depending on any agreement if that would be unconscionable and would cause injustice. Another well known legal structure based on the principle of law established by Equity is the Trusts! The Law of trusts in essence consolidates and validates a lot of equitable principles as the Trustees of a Trust are cloaked in a veil of equitable rights in dealing, managing administering the property of the Trust. Many law firms in Cyprus make abundant use of the principles of equity where the shortcomings of the statute legislation would cause injustice.

As a leading commercial law firm, we have a long history of providing specialist legal services in corporate and commercial law. Can a foreign lawyer obtain a licence to establish and practise as a foreign legal consultant and what is the scope of this limited licence? Only EEA or Swiss lawyers may provide legal services in Cyprus as registered European lawyers. They may provide services on their home country law, European law and international Turkish resident permit law and may additionally practise Cypriot law provided they do so in association with a Cypriot lawyer. WELCOME to the website of Christos Paraskevas LLC, a leading Cyprus Law Firm, based in the business Centre of Nicosia,Cyprus. Our lawyers in Nicosia and Limassol are dedicated to providing our clients efficient, professional, and cost-effective legal advice, by paying personal attention to their individual demands and expectations.

That is because we understand our clients needs for a home base for their Cyprus lawyer. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Persons accessing this site are encouraged to seek independent counsel for advice in India abroad regarding their individual legal, civil criminal issues or consult one of the experts online. In 1986, the firm established the Seaward group of companies in order to meet the increasing demand for international corporate, and tax consultancy services for its clients. The group is fully licenced Administrative Service Providers, regulated by the Cyprus Bar Association. International law firm that is based in Cyprus that deals with maters such as litigation, debt recovery and wealth management.

We successfully facilitate the issuance or transfer of Cyprus title deeds or obtain agreeable settlements for our clients. We handle a large number of Cyprus conveyances for our clients who have the peace of mind in knowing that we will steer them through the Cyprus property transaction process, eliminating or significantly reducing legal risk as we go. We have always strongly advised against purchasing Cyprus property without the simultaneous receipt of its title deeds.

The content of the Nazim & Co. web sites is for general information purposes only and does not claim to be comprehensive or provide legal or other advice. Articles and other publications on this site are current as of their date of publication and do not necessarily reflect the present law or regulations. Nazim & Co. accepts no responsibility for loss which may arise from accessing or reliance on information contained in this site. Nazim & Co. is not responsible for the content of external internet sites that link to this site or which are linked from it. Our team provides trademark and patent consultancy for the registration and full protection of your intellectual rights in North and South Cyprus, EU, and other countries. We also represent our clients before Courts for breach or infringement of trademark and patent rights.

Also, the same applies to the licensing of fund management companies, as it provides very flexible structures and cost-efficient opportunities for establishing a fund that can be market to the European Union. Since the introduction of the “offshore” concept more than two decades ago, Cyprus has firmly established itself as a reputable international financial centre. Our Corporate department offers efficient services regarding the incorporation of Cyprus Limited Companies and elsewhere. Cyprus is one of the most open destinations for foreign citizens and investors seeking to immigrate. Those who want to move to Cyprus in 2021 can apply for various types of residence permits through simplified procedures. Allow us to assist you to obtain a Cyprus Permanent Residency, providing for your family, their future and all their needs.

The temporary headquarters of Neophytou & Neophytou Law Chambers shall serve our needs up until the withdrawal of all illegal Turkish troops from occupied towns of Kyrenia and Famagusta, Neophytou & Neophytou Law Chambers main headquarters. The Neophytou & Neophytou Piraeus Regional Law Office is housed along with a Publication Company, a Ship-Management Company, a Ship-Repairs Company, a Real Estate Company, and a Law Office, thus being able to facilitate and to handle a wide spectrum of cases in many areas of the law. These companies are affiliated, or, they are under the direct control of the Neophytou & Neophytou Piraeus Regional Law Office thus enjoying central administration directly from Cyprus, while keeping the overhead expenses to the absolute minimum. The role of directors in the recommendation, declaration and distribution of dividends by Cyprus companies is defined by law and requires careful evaluation of all circumstances prevailing each time. Because creditors have no recourse to shareholders in a limited liability company beyond the paid-up share capital, the general intent of the legal regime in Cyprus is to give priority to the interests of creditors over those of shareholders.

The firm has developed a wide range of contacts in many jurisdictions enabling it to take an international view of its clients needs. The Firm’s policy is to deliver expert legal services in an environment that encourages professionalism, confidence and trust. Cyprus Solicitors is one of the many portals within the network that endeavors to provide a comprehensive listing of businesses and services that are based on the island of Cyprus whose services lie within the field of Cyprus Solicitors. Regardless of the needs to be fulfilled Cyprus Solicitors will assist in the search to locate the company offering the ideal service.

We offer to our Clients, comprehensive legal advice and services, in general commercial and corporate matters. She also served as pro bono counsel before the California Board of Prison Terms, where she represented a battered woman serving a life sentence for the murder of her abusive spouse. Prior to founding Cypress, Brent served as Fund General Counsel of The Gores Group, a prominent Los Angeles private equity firm. Before joining Gores in 2002, Brent was a lawyer in the corporate and securities group at the Los Angeles law firm Christensen, Glaser, et.

We assure you that we are dedicated to our cause and we are fully committed to always provide the utmost of our services. The content of this article is intended to provide a general guide to the subject matter. Yiannis Karoussos, mayor of the resort at the time of the alleged gang-rape and now a minister in the government of Nicos Anastasiades, has said repeatedly that the Briton “owes Ayia Napa an apology” for the damage she had caused the town.

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. 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.

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. 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 former cognitive and methodological equipment ensures the ability to a career as a future combatant lawyer, legal adviser in the private and public sectors, judge, official in an international organization, academia, etc. Thus, the student is initiated into comparative method and can understand the developments resulting from the ongoing internationalization of law. Particular emphasis is given to the international and European legal education, which should characterize a modern legal expert, staying permit turkey while ensuring that the academic knowledge of law is accompanied by the appropriate practical experience on its application. These firms must behave honestly, fairly, and professionally and serve the best interest of their clients. Acting in their clients’ best interests requires that companies provide transparent and fair information and refrain from providing misleading information. Transparent and fair information includes providing clients with an accurate estimate of fees and costs.

Over the years, our Cyprus law firm managed to establish a strong presence in the international legal market through its dedication in cross-border legal work, its close relationships with international associates and its ongoing commitment in satisfying multinational clients’ requests. Our law firm’s EU and Competition team advice and assist both local and international clients on all aspects of national and EU Competition Law and represents clients before the Cyprus Competition Commission, Cyprus Courts and any other international tribunals. The short-stay visa can be used for tourism purposes and it can be issued as a multiple entry document, its validity being of 90 days in a period of 180 days. Please contact our Cyprus immigration lawyers for more details on the types of visas available here, as well as on any other immigration services you can benefit from.