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Acquisition of Immovable Property in Cyprus for Non-EU Nationals

If you are a non-EU national, holder of a non-European passport, or a non-citizen of the Republic of Cyprus, acquiring immovable property in Cyprus requires a special permit. This…

Want to Convert Your Crypto Into Real Estate?

We would like to inform our Clients that we are in the competent position to assist them in purchasing / selling their immovable property (House, Flat, Plot, Land) using…

Amendments to the Companies’ financial reporting duties

The Company Law Cap. 113 is about to undergo new amendments in relation to the Companies’ financial reporting duties, which will take effect in January, 2023. More precisely, the…

Strategy for Attracting Businesses for Activities or/and Expansion of their Activities in Cyprus, known as “Business Facilitation Unit (BFU)”

Undoubtedly, Cyprus through the years implemented many attractive packages for Companies incorporating or establishing their business activities in its region. On the 01st day of January 2022, and by following…

Cyprus Digital Nomad Visa Scheme

The Cyprus Digital Nomad Visa Scheme (hereinafter referred to as the “Scheme”) aims to place Cyprus in the center of electronic services and to develop the Cypriot business ecosystem….

Elements of a valid contract.

Based on article 10 (1) of Cap. 149 – Contract Law in Cyprus, contracts / agreements must have the following elements to be considered valid: ▪︎ Free will / consent of both Parties / capacity to…

Trade Names: overiew procedure of the registration.

Prior to registering a Tradename, a name application must be submitted with the Registrar of Companies (hereinafter referred to as the “Registrar”).The application based on the Registrar’s criteria, may be either accepted…

Sale Agreement (Antiparochi): Quick Preview

“Antiparochi” (which is considered as an ordinary sale for the purposes of the Land Registry) is a very special transaction that is concluded among the Owner of an immovable property and a Developer who shall develop the real estate Project, in return…

E-Auctions

Our Firm offers support for the participation of bidders in electronic auctions (e-auctions). With us, you can learn the steps you need to follow to register as a Bidder and to participate in online auctions. Call us…

Insurance and Personal Injuries; Motor Claims

A car accident may cause many consequences – some of them might be serious and make your health and safety vulnerable. When the cause of the accident is not…

Quick Snapshot of the Ultimate Beneficial Owner (“UBO”) Registry in Cyprus

Based on the provisions 4 and 5 of the Directive Κ.Δ.Π. 112/2021 regarding the Ultimate Beneficial Owners (“UBO Registry“), every Cyprus Company is obliged to report the details of its Ultimate Beneficial Owner(s) with the UBO Registry until the 12th day of…

Transfer of Properties in Cyprus

It is prudent that you are diligent enough when it comes to the selling or purchasing real estate. Certain steps for you to have in mind: 1) Negotiate the commercial terms;2) Draft a Memorandum of Understanding / Reservation Agreement /…