CYPRUS INVESTMENT PROGRAMME

CYPRUS INVESTMENT PROGRAMME on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2017 One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage Foreign Direct Investment and to attract high net worth individuals to settle and do business in Cyprus. Key factors that make Cyprus an attractive destination for investment, is the highly specialized human capital, the reliable legislative and regulatory framework, the stable tax system and the safety and stability conditions prevailing in the country. Within this framework and taking into account the strong investor interest, the Government of...

Right of Choice to the Co-Owners on Immovable Property

IMMOVABLE PROPERTY  (TENURE, REGISTRATION AND VALUATION) LAW

 (CAP 224)

25.-(1) Subject to the provisions of Article 26, when the owner of an indivisible shareholding in immovable property makes a statement to the Department of Lands and Registry that he has agreed to sell it to a person who is not a co-owner in the same property, the transfer of that portion shall not be recorded unless:

Obtaining a Right of Way

RIGHTS OF PASSAGE – ON IMMOVABLE PROPERTY IMMOVABLE PROPERTY  (TENURE, REGISTRATION AND VALUATION) LAW  (CAP 224) What the Immovable Property Law (Cap 224) states regarding the Right of Way ? It is a fact that in Cyprus a lot of times there can be a long procedure in obtaining a right of way. Rights of Way are usually claimed through the Land Registry Department from owners of properties that have no access to a public road and usually they want to develop their properties. The following are stated in the Law (CAP 224) regarding the Rights of Way/Passage from one immovable property to the other.   Rights...

How to Register a New Company in Cyprus – Requirements

How to Register a New Company in Cyprus - Requirements The actual time to register a company in Cyprus depends on the existing workload of the registration department of the Registrar of Companies. However, to register a company from the beginning, it takes approximately 10 to 18 working days. Steps to be followed while registering a company in Cyprus. The first step in any registration is to give the company a name. A name or names, must therefore be submitted to the Registrar of Companies for approval. This can take between 3 - 6 working days. Once approval has been received, it is...

Cyprus Real Estate Lawyers

The real estate market in Cyprus has been in a high demand on the international level for the past few decades. Great location, over 300 sunny days within a year, safety and economic stability have made the island of Cyprus a very desirable for living. With the new outstanding real estate projects including towers all over island which are inspired mainly by the government citizenship program, the forecast for the market is the growth with the geometrical progression. When it comes to sale or a purchase of a property Michalaki, Pitsillidou & Co LLC have a great expertise in the field...

Cyprus Corporate Lawyers For Company Solutions

Cyprus Corporate Lawyers In the last years, the development of the global and local economy and the desire of an international action let to the massive increase of small and big enterprises. Namely, in Cyprus the number of corporations it seems to have an upward tendency year by year. However, the corporations do not always work properly and without any problems since the matters which may arise from its operation. Also, there are several legal steps which are provided by law to register a company and to maintain its function in line with the Cyprus Company Law (CAP 113). Michalaki, Pitsillidou &...

Hong Kong Company

  “When you think to create an offshore company, the jurisdiction of Hong Kong should be certainly considered as a base among the list of other choices. Why choosing Hong Kong? Hong Kong is known to be a secure, and safe place not only for living but also for making a successful offshore business. Being a hub for big international companies and surrounded by the safe economic environment, HK creates flourishing area for building a business.  Another important reason is strategical location which is the Asia’s heart with an easy access to the mainland of China. Hong Kong is a special...