November 2025
Probate and Estate Administration in Cyprus: Step-by-Step Legal Guide
When a person dies leaving property or assets in Cyprus, the estate must be formally administered under the supervision of the Cypriot District Courts.The process ensures that debts are paid, taxes cleared, and the remaining assets distributed in accordance with the will or, if none exists, under the intestacy rules. When Probate Is Required Probate is necessary whenever the deceased owned immovable property, bank accounts, shares, or other assets located in Cyprus.The application is filed in the District Court of the deceased’s...
Fraudulent Investment and Forex Companies in Cyprus: Why Immediate Legal Action Matters
Cyprus has long been recognised as a reputable international financial and corporate centre. However, in recent years, the island has also become a target for fraudulent or unlicensed investment and forex companies that exploit its good reputation and European regulatory framework. These entities, often operating under Cyprus-registered companies with professional websites and marketing teams, attract investors from Europe, Asia, and Latin America, promising guaranteed or exceptionally high returns through copy-trading, crypto investments, or managed forex accounts. Once investors deposit funds, they soon...June 2025
Cyprus Golden Visa: The Smart Way to Live, Invest & Thrive in Europe
Looking to live in the EU, protect your wealth, and secure a future for your family — without waiting years for approval?Cyprus offers one of Europe’s fastest and most stable Golden Visa programs, with permanent residency granted in just 2–3 months through a secure investment path. 🇨🇾 Why Cyprus? Cyprus is more than a sunny Mediterranean destination. It's a low-tax EU member state with a high quality of life, English-speaking professionals, and easy access to Europe, the Middle East, and Africa. Top Benefits: ...
Setting Up a Company in Cyprus: Regulatory, Tax and Operational Highlights
📌 Introduction Cyprus continues to attract international entrepreneurs, holding structures, and investment vehicles due to its business-friendly regulatory framework, EU membership, and access to a wide network of double tax treaties. Setting up a company in Cyprus is straightforward, but requires a clear understanding of local compliance, tax residency requirements, and substance expectations. This article outlines the key legal, tax, and operational aspects of establishing a Cyprus company in 2024. 🏛️ Legal Structure and Types of Companies The most common vehicle for doing business...
Economic Substance Requirements in Cyprus: What International Companies Should Know
Introduction Over the past decade, the issue of economic substance has become central to the structuring of international companies—particularly those operating in jurisdictions like Cyprus, where favorable tax regimes exist alongside EU-level regulatory oversight. Driven by OECD Base Erosion and Profit Shifting (BEPS) principles and the EU Code of Conduct on Business Taxation, economic substance is now a key requirement for any structure seeking legitimacy and access to treaty benefits. ✅ What Is “Economic Substance”? Economic substance refers to the actual economic and...April 2025
Why Cyprus? Key Tax Incentives and Rebates for Smart Business Relocation and Tax Planning
In recent years, Cyprus has emerged as one of the most attractive jurisdictions in the European Union for individuals and businesses seeking tax efficiency, legal certainty, and access to international markets. With a robust regulatory framework, English-speaking professionals, and a highly competitive tax system, Cyprus offers a compelling package for entrepreneurs, investors, and multinational groups alike. In this article, we explore the main tax incentives and rebates that make Cyprus a prime destination for tax planning and business relocation in 2025. 🇨🇾...
Digital Nomad Visa in Cyprus: A Gateway for Remote Work in the EU
Overview As remote work becomes mainstream, countries are adapting their immigration policies to welcome the new wave of professionals: digital nomads. Cyprus is one such destination — offering a Digital Nomad Visa scheme designed to attract non-EU/EEA nationals who can work remotely from anywhere in the world. With its strategic location, low cost of living, excellent internet, and pleasant Mediterranean lifestyle, Cyprus is becoming a top pick for global talent in search of both freedom and stability. Eligibility for the Digital Nomad Visa To...
Establishing a Trust in Cyprus: Legal Framework, Benefits and Practical Considerations
Cyprus has established itself as a leading jurisdiction for the creation and administration of trusts, offering a robust legal framework, modern legislation, and an attractive tax environment. The Cyprus International Trust (CIT) in particular has become a preferred vehicle for asset protection, estate planning, and wealth management for both individuals and corporate structures globally. 1. Legal Framework Trusts in Cyprus are governed by a combination of: The Trustees Law (Cap. 193), based on the English Trustee Act of 1925; and The International... Headquartering in Cyprus: A Strategic Move for International Businesses
Cyprus has emerged as one of the most attractive destinations for international companies seeking to relocate or establish their headquarters. With its strategic location at the crossroads of Europe, Asia, and Africa, its favorable tax regime, robust legal and regulatory framework, and high quality of life, Cyprus offers a unique opportunity for businesses looking to grow, optimize operations, and expand into new markets. What Is Headquartering? Headquartering refers to the process of relocating or establishing a company’s central management and control in...
7 Key Considerations Before Setting Up a Cyprus Investment Firm (CIF)
Cyprus continues to be a popular jurisdiction for establishing regulated investment firms, thanks to its EU membership, attractive tax regime, well-developed legal framework, and experienced regulatory environment. However, the licensing process with the Cyprus Securities and Exchange Commission (CySEC) is detailed and demands careful planning. Whether you are a startup, a fintech operator, or an established group looking to expand into the EU market, here are 7 key issues to keep in mind before applying for a Cyprus Investment Firm (CIF)...January 2025
Cyprus Intellectual Property (IP) Companies: Protecting and Maximizing the Value of Your Innovations
Introduction In a world driven by innovation and digital transformation, intellectual property (IP) has become one of the most valuable assets a business can possess. Whether it’s patents, trademarks, copyrights, or software, safeguarding and monetizing IP rights is critical for maintaining a competitive edge. Cyprus has established itself as a leading jurisdiction for IP companies, offering one of the most attractive IP Box regimes in Europe. With significant tax incentives, a robust legal framework, and EU compliance, Cyprus is the ideal location...December 2023
Comprehensive Guide to Acquiring Real Estate Property in Cyprus
In recent years, Cyprus has become a hotspot for real estate investment, especially for individuals seeking a permanent residence permit through strategic property investments. The appeal lies in Cyprus's warm climate, strategic location, favorable tax policies, and EU membership since 2004, making it an attractive destination for both living and investing. The strong legal system, akin to English common law, adds an extra layer of assurance. When buying property in Cyprus, there are several key considerations that individuals should keep in...November 2023
Financial Services – Cyprus Investment Firms – Cyprus Forex (FX) & Binary License
Our Law Firm provides with advisory support towards authorisation and registration of a Cyprus Investment Firm and prepare the application in accordance with the current regulatory requirements. Moreover, we can locate qualified executive and non-executive directors and personnel and provide legal, accounting and auditing support for your investment firm. The services we provide are the following: Assist clients to obtain a CySEC license in order to provide the investment services they want; Administer and assist clients with the CIF application process; ... Cyprus Permanent Residency By Investment (Cyprus Golden Visa)
By virtue of Regulation 6(2) of the Aliens and Immigration Regulations, the Cypriot government has simplified the procedure for issuing Permanent Residency Permit to non-EU citizens seeking to invest in Cyprus (4th Revision, May 2023). Cyprus Permanent Residency, also known as Cyprus Golden Visa, doesn't expire, eliminating the need for renewal and entitles non-EU citizens and their families to reside in Cyprus as permanent residents. This process may be completed within 2 months and will grant investors EU residency in a safe and secure jurisdiction which vaunts...
Christos Paraskevas LLC Wins Cross-Border Freezing & IP Disclosure Order
Our Law Firm and our managing partner Christos Paraskevas represented a Hong Kong company in legal proceedings in Cyprus, which claimed that allegedly had fallen a victim of fraud. The alleged fraudsters used a complex corporate structure involving foreigner shell companies and bank accounts in Cyprus and abroad to conceal the true identities of the individual beneficial owners and to alienate the funds of our clients in unknown directions. In that case, a worldwide mareva injunction freezing the property and the...
Christos Paraskevas LLC law firm successfully obtained a disclosure order (Norwich Pharmacal order) by Cyprus Courts in aid of foreign proceedings in a complex cross border legal case
Recently our firm Christos Paraskevas LLC and our managing partner Christos Paraskevas, represented a reputable Canadian group of Companies in a complex cross border legal case before the Cyprus Courts, which involved important legal issues of Cyprus Commercial law, particularly pertaining to the issuance of a disclosure order, known as a Norwich Pharmacal order, in support of foreign proceedings. In that case, a disclosure order (Norwich Pharmacal) was requested by our firm and issued by the Cyprus court, ordering opposing parties...April 2019
International Cyprus Trusts – Formation and Advantages
A Cyprus International Trust can be defined as a settlement whereby the settlor transfers the property to the trustee in accordance with the trust instrument or the trust settlement. Even though the trustee has legal ownership of the trust property, it does not belong to him. Beneficial ownership of it belongs to the beneficiaries. The Cyprus International Trust Law has undergone major reform and in the 23rd of March 2013 the long awaited reform of the Cyprus International Trusts (Amending) Law...Alternative Investment Funds in Cyprus
A Cyprus investment fund is a vehicle that allows investors around the world to raise capital through various financial instruments. The passing of the Alternative Investment Funds Law in July 2018, ensures that Cyprus not only remains competitive in the international scene as a funds jurisdiction, but that it also serves in providing even more flexibility to establish Cypriot funds and fund management entities. Cyprus aims to develop a world class fund sector and mark its position as a growing domicile for...