Cyprus Investment Programme: Guidelines for the Submission of Applications by the Family Members of the Investor

CYPRUS INVESTMENT PROGRAMME on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2017 Guidelines for the Submission of Applications by the Family Members of the Investor   According to the Decision of the Council of Ministers dated 13.9.2016 as well as the relevant legislation the citizenship in Cyprus can be granted to the spouse or partner of the investor and to his/her parents, financially dependent adult children and minor children. For further information please see the document “CYPRUS INVESTMENT PROGRAMME_13.9.2016-INVESTOR FAMILY MEMBERS” posted on the website of the Ministry of Interior. The applications of the spouse or partner of the...

Cyprus Investment Programme: Investor’s Family Members

CYPRUS INVESTMENT PROGRAMME on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2017 Investor’s Family Members   The Decision of the Council of Ministers dated 13.9.2016 provides for the grant of the citizenship in Cyprus to the spouse or partner of the investor, to the parents of the investor and to the financially dependent adult children of the investor as well. The minor children of the investor have the right to acquire the citizenship according to the provisions of section 110 (3) of the Civil Registry Law. Moreover, it is noted that, according to the provisions of...

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...