16 March

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Company Incorporation and Services in Cyprus

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Company Incorporation and Services in Cyprus In Cyprus you can register either a private or a public company. A private company can be established by one or more people and a public company can be established by seven and more. There is no limitation in share capital but it is common for a company to have at least €1,000. A Cypriot company needs to have a secretary and a registered office in Cyprus which can be used as the business address of the company. A director can be either a foreigner or a Cypriot. Usually the majority of companies have Cypriot directors. Cypriot...

15 March

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Register Company in Hong Kong with iMPK Global Business Law Firm

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Why to make business in Hong Kong Hong kong has word class banking infrastructure with no exchange controls and availability of multi currency accounts and trade facilities Fast incorporation with 1 day and no capital requirements All directors and shareholders can be non Hong Kong residents Hong Kong is an established commercial and international financial center. No tax on capital gains On non Hong Kong source income 0% tax Hong Kong Companies benefits: Due to his strategic location Hong kong acts as one of the major business hubs of Asia Pasific Due to his strong legal system Hong kong is chose...

14 March

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Register Company in BVI with iMPK Global Business Law Firm

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Why to register your in company in British Virgin Islands? BVI is considered to be the number 1 offshore center for offshore companies BVI has the second largest international foreign direct investment globally. Low administration costs Low costs for incorporation and maintenance of companies Local currency is the US dollar Very good commercial and professional infrstruture There are no exchange controls in BVI Stable market for inverstors Strong legaly system Strong regulatory network For more information and guidance get in touch with our lawyers or email iMPK Global Business Law Firm – Cyprus Lawyers, at info@impklawyers.com .Tel. +357 99345000 - Fax +357 25 660097...

13 March

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Register Company in Malta with iMPK Global Business Law Firm

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Why to register your in company in Malta? Malta is an EU member and is located in the middle of Mediterranean English is the language of business and legal professionals Malta is political and economical stable Competitive tax refund system. Has signed over 70 tax treaties with other contries Legal system based partial on English law and partial on Continental law Participation excemption which exempts from tax, divides and capital gains Well known for its professional services (legal, tax, accounting etc) For more information and guidance get in touch with our lawyers or email iMPK Global Business Law Firm – Cyprus Lawyers, at info@impklawyers.com .Tel. +357...

12 March

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Register Company in Singapore with iMPK Global Business Law Firm

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Why to register your in company in Singapore? Easy setting up and operating business English is the language of business and the official language of government Well educated workforce It has a competive corporate tax regime Has signed over 80 tax treatis with other contries Legal system based on English law Singapore is an innovative market oriented country Well known for its professional services (legal, tax, accounting etc) Effective and dependable government and regulatory systems Compliance with international bodies such as the OECD and FATF For more information and guidance get in touch with our lawyers or email iMPK Global Business Law Firm –...

11 March

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Register Company in Seychelles with iMPK Global Business Law

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Why to register your in company in Seychelles? Great strategic location for doing business in Africa Seychelles is a member of the British Commonwealt Seychelles is political and economical stable Income that is foreign sourced is untaxed No capital gains , property or estate taxes Legal system based on English common law and French civil code English is an official language Seychelles is more that welcome to foreign investors Great communications and physical infrastructure Professional workforce Seychells is considered a secure investment location Effective financial services legislation and regulation For more information and guidance get in touch with our lawyers or email iMPK Global...

10 March

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Cypriot Admiralty Law: Ship Arrest

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Ship arrest in Cyprus is governed by section 29 of Courts of Justice Law (14/1960) and by the Administration of Justice Act 1956 of the United Kingdom, which was enacted so as to bring into force the Ship Arrest Convention 1952. Cyprus is not directly a party to the 1952 Ship Arrest Convention nor the Brussels Liens and Mortgages Conventions. The Supreme Court of Cyprus acts as the admiralty court and therefore holds the relevant jurisdiction (Section 19(a) of the Courts of Justice Law). However, pursuant to the amendment to the Courts of Justice Law (Law 136/1991), the District Courts of Cyprus may...

09 March

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Probate: under the Law of Succession in Cyprus

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Probate: under the Law of Succession in Cyprus Definition: The instrument in writing issued by the court declaring that the will has been duly provedand that the administrations of the deceased’s estate has been granted to a specified executor.(Information sheet No.21 – September 2003) Foreign Wills/Grants of Probate by foreign Jurisdiction: Cypriot Probate law derives directly from the English legal system, although it has been slightly altered through the years under the jurisdiction of the Cypriot courts. It is generally accepted that if there is an English will, a Grant of Probate obtained in England can be re-sealed by the probate courts in...

08 March

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The Ultra Vires Doctrine – Cyprus

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The Ultra Vires Doctrine - Cyprus Meaning of Ultra Vires According to the Oxford Dictionary, ultra vires means “Beyond one’s legal power or authority”. In other words, if an act requires legal authority and it is done with such authority, it is characterized in law as intra vires ("within the powers"). If it is done without such authority, it is ultra vires. Acts that are intra vires may equivalently be termed "valid" and those that are ultra vires "invalid". Every association/company, has a memorandum which between other articles, contained the duties and the responsibilities of it directors. Why is the ultra vires important? The...

07 March

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Trespass – Law of Torts Cyprus

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Definition “In the law of tort, property law, and criminal law a trespasser is a person who commits the act of trespassing on a property, that is, without the permission of the owner. Being present on land as a trespasser thereto creates liability in the trespasser, so long as the trespass is intentional. At the same time, the status of a visitor as a trespasser (as opposed to an invitee or a licensee) defines the legal rights of the visitor if they are injured due to the negligence of the property owner.”. Trespassing as a tort In the Law of torts trespass to land requires an intentional physical invasion of the plaintiff’s real property by the defendant or...

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