INSURANCE CLAIMS
No Win No Fee Service
Our priority is to bring justice to our clients and help them achieve the best possible outcome. Therefore, we implement the widely practiced ‘No Win No Fee’ rule.
You can claim compensation for damages or injuries in case of an accident which was not your fault.
With the consultation of our Team of Cyprus Lawyers and English Lawyers, an Engagement Letter based on a contingency agreement is drafted between you and your lawyer, to formalize the ‘No win No fee’ arrangement and specify the conditions. This agreement means that fees for the legal services you receive will not be remunerated unless the lawyer wins your case. The ‘No Win No Fee’ approach removes the financial risk and you have nothing to lose in case you wish to make a claim, rather than receiving a bill you cannot afford! In addition, you do not have to pay any fees upfront for the proceedings to begin.
The ‘No Win No Fee’ approach removes the financial risk and you have nothing to lose in case you wish to make a claim.
Our team of lawyers can help you if you have been injured in an accident that wasn’t your fault.
Our goal is to assist you claim what you are entitled to; our satisfaction lies with the success of your claim.
Such accidents include:
Accidents that can happen at work. Injuries and work-related accidents or illenesses are often caused by employers and managers failing to follow health and safety rules.
Accidents that have caused you a serious or life-changing injury. No amount of money can make up for what you’ve been through, but getting compensation can help you to get back to where you were before. If the injury was caused by someone else, we may be able to help you.
No win no fee car accident claims including all types of road accidents, whether you were a driver, pedestrian, cyclist or passenger.
Slips, trips or falls. Slips, trips and falls generally happen because businesses or local authorities didn’t take the correct safety measures to keep you and other members of the public safe.
Accidents in a public place. Accidents in a public place can include accidents in a supermarket due to obstacles, pedestrian accidents caused by poorly maintained pavement, accidents at work or accidents involving children at their school or the nursery.
We care about the people, not their pockets. Everyone has the right to compensation after an accident which was not their fault. ‘No win no fee’ makes this possible for most personal injury and medical negligence cases, regardless of your financial situation.
FAQs
- TYPES OF CYPRUS COMPANIES
Limited Liability Company (LTD).
Branch of an Existing Foreign Company.
Partnership. - WHAT IS THE APPLICABLE LAW TO A CYPRUS COMPANY?
The Cyprus Companies Law, CAP.113.
- DO I NEED TO VISIT CYPRUS TO REGISTER A COMPANY?
No, it is not required to visit Cyprus in order to register a company. Everything can be arranged online, and we handle the whole procedure.
- HOW DO I SUBMIT CYPRUS COMPANY NAME?
Desirable names are submitted to the Registrar of Companies for approval. It can take between 2-5 working days to obtain name approval. Name applications can be rejected due to similarity with Company names already registered. Company names must end with the suffix LTD or LIMITED.
- HOW LONG DOES IT TAKE TO REGISTER A CYPRUS COMPANY?
After name approval, it usually takes 5-10 working days, depending on the workload of the Cyprus Registrar of Companies.
- ARE CYPRUS SHELF COMPANIES AVAILABLE?
Yes, we do offer pre-registered Cyprus companies. These can be modified in accordance with a client’s preferences.
- IS A REGISTERED COMPANY OFFICE REQUIRED?
It is a requirement of a Cyprus Company to maintain a registered office in Cyprus. A physical address is needed and not a P.O. Box.
- IS A COMPANY SECRETARY REQUIRED?
It is a requirement for the Cyprus Company to appoint a Secretary. This can either be a natural person or a legal entity, preferably a Cyprus resident, but it can be of any nationality.
- IS COMPANY DIRECTOR REQUIRED?
It is a requirement for the Cyprus Company to appoint at least one director. This can either be a natural person or a legal entity. The director must be a resident of Cyprus in order to meet residency criteria for tax purposes.
- IS THERE A MINIMUM AND MAXIMUM ON CYPRUS COMPANY SHAREHOLDERS?
There is a minimum requirement of 1 Shareholder and a maximum of 50. The same person or legal entity can act as Shareholder, Director and Secretary.
- IS THERE A MINIMUM SHARE CAPITAL FOR A CYPRUS COMPANY?
There is no minimum share capital requirement to register a Cyprus company. The usual share capital for practical purposes is 1000 shares of €1 each.
- IS THERE ANY ANTI-MONEY LAUNDERING LEGISLATION IN PLACE?
Yes, as Cyprus is a member of the EU, it has harmonised its legislation with the EU. On 18 February 2021, the Cypriot Parliament approved the Prevention and Suppression of Money Laundering (Amendment) Law 2021, bringing the Cypriot AML regime in line with its EU obligations by implementing the requirements of the EU’s Fifth Money Laundering Directive 2018/843.
- WHAT DETAILS ARE FILED WITH THE REGISTRAR OF COMPANIES AND FOUND ON PUBLIC RECORD?
The Memorandum & Articles of Association, Shareholder, Director, Secretary and Registered Office. The identity of the Beneficial Owner can be protected through the use of Nominees. However, it is now a requirement for companies to submit the UBO details to the Beneficial Owners Register of Companies.
- IS IT A REQUIREMENT TO HAVE A BANK ACCOUNT IN CYPRUS?
Even though there is no requirement for a Cyprus company to maintain a bank account in Cyprus, in cases where the company does have a physical presence and the UBO is located in Cyprus, we do provide bank account opening services with local Cyprus banks. In all other instances, we open accounts with Electronic Money Institutions (EMIs).
- HOW LONG DOES IT TAKE TO OPEN A BANK ACCOUNT?
Depending on the type of bank account, it can take between 7 – 28 working days for the account to be opened.
-
TYPES OF CYPRUS COMPANIES
Limited Liability Company (LTD). Branch of an Existing Foreign Company. Partnership.
-
WHAT IS THE APPLICABLE LAW TO A CYPRUS COMPANY?
The Cyprus Companies Law, CAP.113.
-
DO I NEED TO VISIT CYPRUS TO REGISTER A COMPANY?
No, it is not required to visit Cyprus in order to register a company. Everything can be arranged online, and we handle the whole procedure.
-
CYPRUS COMPANY NAME
Desirable names are submitted to the Registrar of Companies for approval. It can take between 2-5 working days to obtain name approval. Name applications can be rejected due to similarity with Company names already registered. Company names must end with the suffix LTD or LIMITED.
-
HOW LONG DOES IT TAKE TO REGISTER A CYPRUS COMPANY?
After name approval, it usually takes 5-10 working days, depending on the workload of the Cyprus Registrar of Companies.
-
ARE CYPRUS SHELF COMPANIES AVAILABLE?
Yes, we do offer pre-registered Cyprus companies. These can be modified in accordance with a client’s preferences.
-
REGISTERED OFFICE OF THE COMPANY
It is a requirement of a Cyprus Company to maintain a registered office in Cyprus. A physical address is needed and not a P.O. Box.
-
CYPRUS COMPANY SECRETARY
It is a requirement for the Cyprus Company to appoint a Secretary. This can either be a natural person or a legal entity, preferably a Cyprus resident, but it can be of any nationality.
-
CYPRUS COMPANY DIRECTOR
It is a requirement for the Cyprus Company to appoint at least one director. This can either be a natural person or a legal entity. The director must be a resident of Cyprus in order to meet residency criteria for tax purposes.
-
CYPRUS COMPANY SHAREHOLDERS
There is a minimum requirement of 1 Shareholder and a maximum of 50. The same person or legal entity can act as Shareholder, Director and Secretary.
-
SHARE CAPITAL OF A CYPRUS COMPANY
There is no minimum share capital requirement to register a Cyprus company. The usual share capital for practical purposes is 1000 shares of €1 each.
-
IS THERE ANY ANTI-MONEY LAUNDERING LEGISLATION IN PLACE?
Yes, as Cyprus is a member of the EU, it has harmonised its legislation with the EU. On 18 February 2021, the Cypriot Parliament approved the Prevention and Suppression of Money Laundering (Amendment) Law 2021, bringing the Cypriot AML regime in line with its EU obligations by implementing the requirements of the EU’s Fifth Money Laundering Directive 2018/843.
-
WHAT DETAILS ARE FILED WITH THE REGISTRAR OF COMPANIES AND FOUND ON PUBLIC RECORD?
The Memorandum & Articles of Association, Shareholder, Director, Secretary and Registered Office. The identity of the Beneficial Owner can be protected through the use of Nominees. However, it is now a requirement for companies to submit the UBO details to the Beneficial Owners Register of Companies.
-
IS IT A REQUIREMENT TO HAVE A BANK ACCOUNT IN CYPRUS?
Even though there is no requirement for a Cyprus company to maintain a bank account in Cyprus, in cases where the company does have a physical presence and the UBO is located in Cyprus, we do provide bank account opening services with local Cyprus banks. In all other instances, we open accounts with Electronic Money Institutions (EMIs).
-
HOW LONG DOES IT TAKE TO OPEN A BANK ACCOUNT?
Depending on the type of bank account, it can take between 7 – 28 working days for the account to be opened.