Conveyancing in Cyprus
Conveyancing is the act of transferring the legal title of a property from one person to another. The process of conveyancing in Cyprus is rather complex as it involves a series of steps and documents to be submitted. Legal representation is necessary for both sides, the purchaser and the vendor, when carrying out the legal actions, such as checking the title and other matters concerning the...
Ship Finance
Cyprus has a well-established maritime infrastructure which offers many advantages to ship owners and business people in this industry. Shipping upholds a significant role in the Cyprus economy and after overcoming the economic crisis in 2013, the shipping finance has flourished. The Republic of Cyprus is a member of the IMO, the Council of Europe, the Commonwealth and many other...
Cyprus Corporate Environment – Advantages
Over the years, Cyprus has made significant developments regarding its economy, the business opportunities it offers and the quality of life. Many organizations and individual business people are increasingly urged to transfer their business activities on the island due to the numerous benefits emerging from the jurisdiction and the operation of the corporate industry. ...
Curaçao and Gaming
Curaçao is an island country in the southern Caribbean Sea. It is a part of the Dutch Caribbean region, which are also called ‘Lesser Antilles’ in the Caribbean. The island is about 444 square kilometers, situated north of the coast of Venezuela. It is currently a constituent country within the Kingdom of Netherlands. Besides its beautiful scenery, Curaçao has one of the oldest and most...
A Will in Cyprus
A Will is a written legal document, in which a person communicates their wishes concerning the distribution of their assets and when drafted in accordance to the rules, it takes effect immediately after the testator’s death. Although it is not mandatory to create a will in Cyprus, it is nevertheless recommended in order to avoid any misunderstandings and complications, especially in regard to...
IP Box or Intellectual Property Box Regime
Cyprus has always been an attractive location for business activities. Intellectual Property can be one of the most valuable assets of an organization and it is a significant strategic business decision to select the appropriate location for the establishment and management of IP holding companies. The country offers a beneficial tax rate and is also legally supported by the EU Member States...
Shipping companies in Cyprus
Cyprus has always been targeted by many nations for its beneficial geographical position and, amongst other elements, its attractive shipping operations. Ever since 1963, when the government first offered incentives encouraging ship ownership and registration, Cyprus has become a thriving international business and shipping centre for shipping companies. Throughout the years, Cyprus has been...
Why Register a Ship in Cyprus
Cyprus has always been targeted by many nations for its beneficial geographical position and, amongst other elements, its attractive shipping operations. The country is one of the top five ship management centres worldwide, having around 60 ship management companies in operation while employing almost 40,000 seafarers. This accounts for the one-fifth of the world’s third-party ship management...
Mareva Injunction – Freezing orders
The Mareva injunction, otherwise known as the freezing order or freezing orders, the Mareva order or the Mareva regime, is an interlocutory relief granted by the courts in order to freeze the assets of a defendant during a civil proceeding. The primary function of the injunction is to maintain the integrity of the court process by preventing the defendant from dissipating assets and becoming...
Cyprus Company Formation
The Republic of Cyprus is a paradise for entrepreneurs, business owners and corporate activities, who need to do a company formation mainly because of its vibrant interrelation worldwide trade and the beneficial tax rates it offers. The main legislative body governing the rules and policies of corporations in Cyprus is the Companies Law, Cap.113, which adopted almost identical provisions with...