Publications

April 2025

cyprus company registration, cyprus trusts, company formation and administration, low tax regime

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...
fixed term employees

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...
debt collection

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 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...

Ship arrest in Cyprus

Lawyers in Cyprus, a leading Cyprus portal for Cyprus law and Cyprus lawyers and in-house counsel, recently published an article of our law firm's managing partner Mr. Christos Paraskevas. You may read the full article here. Extracts are reproduced below. Ship arrest in Cyprus According to Rule 50 of the Cypriot Admiralty Jurisdiction Order 1893, the Supreme Court in its admiralty jurisdiction has an absolute right for the issue of an order for the arrest of a vessel, in Cyprus. The Plaintiff desiring the...

December 2017

Registration of Foreign Court Judgments in Cyprus

Our law firm's managing partner Mr. Christos Paraskevas, has published an article in relation to the Recognition, Registration and Enforcement of Court Judgments issued by foreign courts in Cyprus. The article was puplished to Lawyers in Cyprus, a leading Cyprus portal for Cyprus law. The full article may found here. Extracts are reproduced below. Recognition, Registration and Enforcement of Court Judgments issued by EU Member States’ Courts A judgment including a decree, order, decision or writ of execution given in one EU country is...

Cyprus International Trusts

A comprehensive definition of "trusts" under Cyprus law does not exist. However, the court, through case law, has deemed that a trust arrangement is a structure whereby the holder of a property (the "trustee") has an obligation to manage that property for the benefit of another (the “beneficiary”). The trust is created by transferring the legal ownership of the trust property from the previous owner (the “settlor”) to the trustee, though the beneficial ownership over that asset belongs to the beneficiary....

Cyprus Company Incorporation

Lawyers in Cyprus, a Cyprus portal for Cyprus lawyers  published an article of our law firm in relation to the Incorporation of a Cyprus Company. You may read the full article here. Extracts are reproduced below. The incorporation of a Cyprus Company can be effectively utilised by entrepreneurs for International Tax Law Planning purposes and at the same time enjoy the status of being located at a reputable business centre within the European Union. The low Cyprus tax law regime coupled with...

Cyprus Tax Residency changes

The Parliament of Cyprus has approved on the 14th of July 2017 a bill which grants tax residence status to persons who have spent at least 60 days in Cyprus per year (effective as from the 1st of January 2017) provided that the following conditions are met: Conditions to be fulfilled The individual (i) Remains in the Republic of Cyprus for at least 60 days during the tax year in question and (ii) Is not a tax resident in another state and (iii) Does not...

February 2017

Maintenance of children after divorce

Parents have the obligation to support their child jointly and according to their powers. (article 33 Law No.216/1990). A parent or the Director of the Social Welfare Services may apply to the Court for maintenance, payable to the child (article 36 Law No.216/1990).   According to article 37 of the Law, the amount of maintenance is calculated according to the needs of the child taking into consideration the standard of living before the separation and the income generated by the parents.   Furthermore, maintenance...

Parental care and Custody of the children after divorce

Parental Care According to article 5 (1)a of the Relationships between parents and children law 1990 (216/1990), the exercise of the parental care is considered both as duty and as right of the parents who exercise it together.   Parental Care includes the determination of the name, the custody of the person, the administration of property and representation of the child in any matter or legal transaction relating to him/her or his property. (article 5 (1) b law 1990 (216/1990).   (2) Where parental...

Divorce in Cyprus (Legal Grounds and Reasons)

Which of the spouses might be held responsible for the divorce According to article 27 of the wedding law No.104(I)/2003, a wedding (either civil or religious) may be dissolved if the applicant can prove before the family court “the existence of an irretrievable breakdown of the marriage for reasons attributed to the applicant or to both of the spouses which makes the continuance of the marital relationship intolerable for the applicant. According to article 27 (2) of Law No.104(I)/2003, a) bigamy, b) adultery, c)...