Our law Firm provides a variety of legal services for clients listed below:
- Cyprus Companies of Limited Liability
- Cyprus International Trust
- Cyprus AIF (Alternative Investment Fund)
- Escrow Agent services for Escrow Agreements
- Joint Ventures & Cross-border transactions
- Drafting agreements and contracts.
- Opening Bank Accounts in Cyprus & abroad.
- Liquidation of Companies
- Re-domiciliation of Cyprus & foreign Companies
According to articles 354A to 354P of the Cyprus Companies Law Cap 113, Cyprus Companies and foreign companies based in Cyprus can be re-domiciled abroad, thus giving the possibility for foreign holding companies to move to Cyprus without creating a problem to their overall tax structure.
- Fiduciary services
The Law Firm provides directors, shareholders and secretary in order to guarantee Cyprus Tax Residence and confidentiality to the beneficiary owners/clients. Such services require signature by the beneficiaries of Indemnity deed as well as Nominee Director and Shareholder Agreements which dispense us of any responsibility for the acts of the beneficiary owners/clients, the only purpose of the nominees being to provide confidentiality and tax residency.
- Secretarial services
The Law Firm provides a full range of secretarial services, including Minutes, Special Power of Attorneys, Annual returns, etc.
- Incorporation of International Business Branch
According to section 347 of Cyprus Companies Law Cap 113 as amended very recently:
-A company incorporating a “Cyprus branch” remains the initial legal entity / mother Company with its directors, its secretaries and registered office.
-The establishment of a Cyprus Branch office does not amount to the creation of a new legal entity or new “registered office” in Cyprus;
-The parent entity incorporated abroad simply has a Cyprus Branch and may operate through it as “place of business” in Cyprus for some of its international activities with one or more Cyprus residents appointed as directors
-The Cyprus Branch is taxed 12, 5% on all profits made in Cyprus (like a Cyprus Company) if the management & control of the Branch office is exercised in Cyprus, and for taxation of the Cyprus Branch elsewhere, it will depend on double tax treaties.
-The Parent Company is fully liable for the liabilities of the branch and directors of the parent company are ultimately responsible for the activities of its branches even though the branch may have its own managers, even if representatives may be held jointly and severally liable for tax debts.
- Incorporation of Cyprus International Partnerships
Partnerships are regulated under the Partnership and Business Names Law, CAP 116.
There are two types of partnerships, the General partnership where all partners have unlimited liability and the Limited partnership where at least one or more partners has/have unlimited liability whilst the other partners have liability limited up to the amount contributed to the capital of the partnership. International business partnerships may be registered in Cyprus provided their business is carried on outside Cyprus and the partners are non-residents.
Partnerships may be composed of between 2 and 20 persons, individuals or companies, with restrictions related to the insurance and banking business. Relations of partners between themselves and towards third parties are regulated by a partnership deed. Taxation: Cyprus offshore partnerships enjoy full tax exemption on partnership profits, the tax exemption being extended to the partners’ profits as well.