Facebook

LinkedIn

 

Insights

Limit on the Citizenship by Investment applications

Decision of the Council of Ministers to limit the number of naturalisations of investors granted under the citizenship by investment scheme to 700 a year, starting this year The Press and Information Office (PIO) announced after the cabinet meeting which took place at the Presidential Palace, chaired by the President of the Republic Mr. Nikos Anastasiades, on a proposal by the Ministries of Interior and Finance, that the citizenship-by-investment scheme will be renamed as “Cypriot Investment Scheme”, revising it as follows: Set a limit to accepting applications at 700 per year starting from 2018. Determine the expected time of examining the...

Continue reading

What to Do if You are Injured While Riding Your Bicycle

Cyclists are vulnerable road users, and sometimes no amount of safety precautions can account for a reckless driver, poor road surface conditions, or faulty equipment. We have vast experience in recovering the maximum compensation for cyclists who may have been knocked off their bike or hit by a car. With a long history of success against insurers our personal injury lawyers have experience with bicycle accident claims of all kinds. When cyclists are involved in accidents, injuries can range from cuts and bruises to broken bones, as well as serious head and spinal trauma. We use all our experience and knowledge to...

Continue reading

CYPRUS CORPORATE TAX HIGHLIGHTS

Corporation tax of 12.5% on net profits (lowest in the EU) Existence of double taxation treaties with over 40 countries Dividends to shareholders are tax free. No withholding tax on interest Expatriate employees, receiving their salary through Cyprus, do not pay income tax if working abroad. Double tax treaties with over 50 countries No inheritance or gift tax in Cyprus; No Net Wealth Tax Free movements of profits derived from operation on non resident investments Full capital gains tax exemption is given on capital gains Salaries of foreign employees of offshore entities employed outside Cyprus are completely tax exempt Access to EU directives Profit from the disposal of shares, securities etc....

Continue reading

TOP 10 PITFALLS TO AVOID WHEN BUYING PROPERTY IN CYPRUS

Pitfall 1 - Not appointing a property specialize lawyer Pitfall 2 – Choose a licensed reputable agent Pitfall 3 – Ensure that the property is not the subject of an ownership dispute Pitfall 4 – Failing to consider all the relevant costs Pitfall 5 – Handing over a reservation fee without written reservation terms Pitfall 6 – Signing a contract of sale without due diligence having been undertaken Pitfall 7 – Failing to get everything in writing Pitfall 8 – Failing to stamp and deposit the contract of sale Pitfall 9 – Rushing in Pitfall 10 – Failing to make a Cyprus Will...

Continue reading

PERSONAL INJURY COMPENSATION

WHAT KIND OF COMPENSATION CAN I RECOVER? We know one of the most pressing questions will be how much money you will be able to recover following a serious accident. The truth is that  every case is different and will be contingent on the individual factors you are facing.That being said, our team believes in taking a comprehensive approach and helping our clients recover comprehensive compensation.   Our goal is to help clients recover maximum compensation for accident-related expenses, such as:   MEDICAL EXPENSES LOST WAGES PROPERTY DAMAGE LOSS OF ENJOYMENT OF LIFE DIMINISHED EARNING CAPACITY           ...

Continue reading
error: