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

Cyprus Ready-Made Companies (Shelf Companies) Cyprus ready-made companies, often referred to as “shelf” companies, are pre-incorporated entities available for immediate purchase. These companies are ideal for clients who need to start their business quickly and require an immediate Company without having to wait. Ready-made companies have not conducted any business or entered into any agreements,...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

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