Transfer of Property by Assignment Agreement in Cyprus Understanding the Legal Framework, Procedure, and Obligations of the Parties In the Cypriot legal system, the transfer of property rights by Assignment Agreement is a common contractual method used to transfer the rights and obligations under an existing sale agreement—especially in cases where the legal title of...Read More

Steps to Incorporate a Company in Cyprus At Michalaki, Pitsillidou & Co LLC, we guide clients through every stage of the company formation process in Cyprus, ensuring full legal compliance and efficiency. Below are the key steps required to incorporate a private limited liability company (Ltd) under Cypriot law: 1. Selection and Approval of Company...Read More

Understanding Land-for-Property Exchanges (“Αντιπαροχή”) in Cyprus In the Cypriot real estate world, the term “αντιπαροχή” (antiparochi) is one you’ll hear often. It’s a unique land-for-property exchange arrangement where landowners partner with developers to transform empty plots or land into valuable new apartments or offices or houses or villas—without any money changing hands in most of...Read More

Understanding Rent Increases and Types of Tenancies in Cyprus: A Legal Insight In Cyprus, the legal framework governing tenancies is divided primarily between statutory and contractual tenancies. The distinction between these two types of agreements plays a crucial role in determining a landlord’s right to increase the rent. The principal legislation that comes into play...Read More

Overview of Cyprus Succession Law This guide offers a detailed exploration of the Cyprus Succession Law, (Wills, Probate and Administration of Estate) breaking down the legal structure, processes, and subtleties involved in the allocation of estates in Cyprus. It thoroughly discusses succession through wills and in the absence of a will, shedding light on important...Read More

Real Estate in Cyprus: A Comprehensive Guide Cyprus offers a blend of sunny climate, EU membership, and a thriving business scene, making it a desirable location for real estate investment. Below is a detailed overview highlighting trends, costs, and the buying process for those interested in the Cypriot real estate market. Trends in Cyprus Real...Read More

Navigating Property Disputes in Cyprus Family Law In Cyprus, the resolution of property disputes, especially among separated or divorced spouses, is a critical aspect of Cyprus family law. The Family Courts in Cyprus are vested with the authority to adjudicate these disputes, focusing specifically on assets located within Cyprus, whether they are movable or immovable....Read More

Ερώτηση 1: Έχω χάσει τα δικαιώματα μου εάν η συζυγική περιουσία, που αποκτήθηκε και με δικές μου δαπάνες, είναι εγγεγραμμένη στο όνομα του/της συζύγου μου; Απάντηση 1: Όχι, μπορείτε να αξιώσετε απόδοση του μεριδίου της περιουσίας, ανάλογα με την συνεισφορά σας κατά τη διάρκεια του γάμου ή πριν από το γάμο με σκοπό τον γάμο....Read More

Unlock Premier Cyprus Legal Solutions  Navigating the complex web of legal challenges requires adept guidance, especially in a regulatory landscape as diverse as Cyprus. Engaging in informed decisions, whether it be in personal affairs or steering a business, fundamentally involves availing meticulous legal advice tailored to your unique circumstances. In the context of Cyprus—where legal...Read More

Navigating Rental Income Tax Requirements in Cyprus Introduction Being a property owner in Cyprus offers rewarding financial opportunities through rental ventures, however, it’s essential to navigate through specific fiscal and legal duties, especially concerning the taxation on rental revenue. This guide sheds light on the various tax responsibilities and compliances in relation to rental income...Read More