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English Articles

Michalaki, Pitsillidou Law Firm > English Articles

Recent decision of the Council of Ministers for the revision – Cyprus Investment Programme

The recent decision of the Council of Ministers for the revision of the Cyprus Investment Programme that was taken on the 13th of February 2019.   The brief outline of the changes of the Programme with immediate effect, are the following: According to the Programme the investor should have made the necessary investments during the 3 (three) years preceding the date of the application and must retain the said investments for a period of at least 3 (three) years from the date of the naturalization. However, the Council of Ministers added the provision that the investor may replace the investment during the...

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The Importance of Car Accident Photos

A good proof of the cause for a car accident, are the photos from the scenery of the occurrence!  By having that you can also proof the matters that contributed and the extent of damages that victims suffered. Photos of an accident can reveal injuries, property & vehicle damages and also some important details that you may not note but could be relevant to your claim, such as traffic signs and some potential witnesses. Furthermore, when memory is not helping the case, photos of the scene can help you remind of details that you have forgotten. You can use your photos of...

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Benefits when incorporating your company at Dubai and UAE Free Economic Zone

One of the attractive destinations for investment purposes investors and entrepreneurs should definitely consider Dubai, the most cosmopolitan and developed city in the Middle East and North African Countries. Dubai and UAE created FEZ (Free Economic Zone) with the purpose to facilitate the cooperation between other countries and United Arab Emirates and to attract foreign investments in the country. There are more than 30 free industrial zones and it is very important to take into consideration your business activity type and all the specific requirement for each zone before choosing appropriate one for registration of your business. Free economic zone...

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Forex Lawyers

A lawyer is an essential part of any business structure and forex industry is not an exception. Forex lawyers can provide their advisory and assistance on the process of iincorporation of the company and its administration with the local legislation compliance. This includes the preparation of all necessary documents and its submission according to the relevant government institutions from the initial stage of incorporation to change of company structure during the company’s existence. Forex lawyer is an expert in CySEC Application and Licensing meaning the preparation of the application required for initial submission to Cyprus Security and Exchange Commission for obtaining...

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Why do you need a Real Estate Lawyer in Cyprus ?

Real Estate Lawyers in Cyprus Real Estate Lawyers in Cyprus are important for successful results in real estate related matters. First of all, they have deep knowledge of the property law, they are familiar with potential unsuspected difficulties, and will look out for your investment or purchase and your interest. Buying Purchasing a property can be a discouraging task, especially when you are a first-time home buyer. A real estate lawyer can help with almost every aspect of the purchase. Real estate purchase contracts are plain documents with legal jargon. A real estate lawyer will ensure that you understand all terms in the...

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What is Cyprus Corporate Lawyers?

Cyprus Corporate lawyers are involved in advising businesses on their legal issues including negotiation, drafting and review of contracts and/or agreements regarding their client’s business’s needs. Primary Responsibilities of a Cyprus Corporate Lawyers is to make sure that the transactions of their client are in compliance with the law. They should advise about the negative effect that might be created after researching the law involved by that transaction. Another duty a corporate lawyer might have is to ensure that the legal decision of their client is not going to affect the company sales of the upcoming months. Corporate Lawyers are also...

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Cyprus Investment Programme: Guidelines for the Submission of the Investor’s Application

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 the Investor’s Application   The application for the Naturalization by Exception needs to be submitted at the Ministry of Interior and the amount of €2.000 as fees will need to be paid. For the submission of the application an appointment will need to be arranged beforehand. No application will be accepted for submission, if an appointment has been arranged beforehand.   DOCUMENTS At the Ministry of Interior, the original documents should be submitted, along with a photocopy of all the documents. The...

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Cyprus Investment Programme: Guidelines for the Submission of an application for the acquisition of an Immigration Permit

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 an application for the acquisition of an Immigration Permit   The Decision of the Council of Ministers dated 13.9.2016 provides that the investor and his/her adult family members, prior to their naturalization as Cypriot citizens, must hold a residence permit in Cyprus. If the applicant (either investor or family member) does not already hold a residence permit, he/she may apply for an Immigration Permit on the basis of Regulation 6 (2) of the Aliens and Immigration Law, simultaneously with...

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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...

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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...

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