Understanding Your Rights and Options
Accidents can happen to anyone, anywhere, at any time. They can be minor or major, but either way, they can leave you with physical, emotional and financial injuries that can impact your life for a long time. If you have been involved in an accident in Cyprus, it is essential to understand your rights and options for making a claim. Our law firm, Michael Chambers & Co LLC, specializes in helping individuals who have suffered from various types of accidents, including:
Car Accidents – Car accidents are one of the most common types of accidents in Cyprus, and they can range from minor fender benders to major collisions. If you have been involved in a car accident that was not your fault, you may be entitled to compensation for your injuries, lost wages, medical expenses, and other related expenses.
Pedestrian Accidents – Pedestrian accidents can be particularly devastating, and they often result in serious injuries or fatalities. If you have been hit by a vehicle while walking or crossing the road, our law firm can help you to make a claim for compensation.
Work Accidents – Accidents at work can happen to anyone, and they can result in a range of injuries, from minor cuts and bruises to major disabilities. If you have been injured while at work, our law firm can help you to make a claim for compensation, including for loss of earnings, medical expenses, and other related expenses.
Bike Accidents – Bike accidents are a growing concern in Cyprus, and they can result in serious injuries, including broken bones, head injuries, and spinal injuries. If you have been involved in a bike accident that was not your fault, our law firm can help you to make a claim for compensation.
Motorcycle Accidents – Motorcycle accidents can be particularly dangerous, and they often result in serious injuries or fatalities. If you have been involved in a motorcycle accident that was not your fault, our law firm can help you to make a claim for compensation, including for medical expenses, lost wages, and other related expenses.
Medical Negligence – Medical negligence can occur when a healthcare professional fails to provide the appropriate standard of care, and this can result in serious injuries or even fatalities. If you have suffered from medical negligence, our law firm can help you to make a claim for compensation, including for medical expenses, lost wages, and other related expenses.
At Michael Chambers & Co LLC, we understand how overwhelming it can be to navigate the legal system after an accident, and that is why we offer our clients a compassionate and personalized approach to their claims. Our experienced lawyers will guide you through the process, help you to gather the necessary evidence, and fight to get you the compensation you deserve.
If you have been involved in an accident in Cyprus, do not hesitate to contact us for a free consultation. Our goal is to help you get the compensation you deserve, so you can move forward with your life.
Learn and understand your time frames
When it comes to filing an insurance claim after an accident, it’s important to know the time frame in which you can take action. This will vary depending on the type of accident and the insurance policy in question. In Cyprus, there is a specific time frame for filing a claim after an accident, and it’s important to be aware of this time limit to ensure that you get the compensation you deserve.
The Importance of Seeking Immediate Legal Assistance After an Accident
When you experience an accident, whether it’s a car accident, workplace accident, or any other type of personal injury, it can be a traumatic and confusing time. One of the most important things you can do after an accident is to seek legal representation from a professional and experienced law firm. Here’s why you should contact us immediately after an accident:
Protect your rights: If you don’t contact an attorney right away, you may miss out on important evidence that could help your case. By contacting us immediately, we can start gathering evidence and building a strong case on your behalf.
Navigate the legal process: The process of making a claim after an accident can be complex and confusing. Our experienced attorneys will guide you through the process, ensuring that all necessary steps are taken and that your rights are protected.
Secure fair compensation: Insurance companies are businesses, and their primary goal is to make a profit. If you don’t have an experienced attorney on your side, insurance companies may try to offer you a low settlement or deny your claim altogether. Our attorneys will negotiate with insurance companies on your behalf to secure fair compensation for your injuries and losses.
Deal with paperwork and deadlines: The process of making an insurance claim involves a lot of paperwork and strict deadlines. Our attorneys will handle all of the paperwork and ensure that everything is filed on time, so you can focus on your recovery.
Ensure your rights are protected: Our attorneys will ensure that your rights are protected throughout the process, so you can focus on your recovery and not worry about legal issues.
In conclusion, contacting us immediately after an accident can make a significant difference in your case. Our experienced attorneys will provide you with the legal support and guidance you need to secure fair compensation and protect your rights. Don’t hesitate to reach out to us if you’ve been involved in an accident.
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.