The Republic of Cyprus is a beautiful island country in the Mediterranean that is centrally located between Europe, the Middle East, North Africa and Asia. The country’s burgeoning economy and favorable tax policies have resulted in growing international investment.
A member of the European Union and a business, banking and shipping nexus, two significant sectors of the Cyprus legal system are immigration and corporate and commercial law. Law firms headquartered in Cyprus are able to assist clients in both domestic and cross-border matters. They may also assist with legal issues such as international tax planning, European and competition law, and other matters.
In terms of immigration law, Cyprus law firms can assist clients seeking to immigrate through the country’s citizenship-by-investment program. Introduced in 2013, the program grants Cypriot citizenship to individuals who make a qualifying financial investment in Cyprus and who meet other requirements. Due to the fact that the country is a member of the European Union, individuals with successful applications gain the right to live in all 28 E.U. countries. A Cyprus law firm can work with applicants to ensure that they fulfill the investment and residence requirements for this program and complete the immigration filing process.
Cyprus law firms also provide assistance with matters related to corporate and commercial law. The attorneys work with both domestic and international clients to incorporate and acquire companies both in Cyprus and offshore, along with re-domiciliation services. They also provide assistance on corporate governance issues, joint ventures, corporate restructurings, and both Cyprus-based and cross-border mergers.
In addition to immigration and corporate and commercial law, attorneys in Cyprus offer services in related legal areas, such as international tax planning. This includes, for example, advising clients on holding companies and tax structures in Cyprus and globally. In European and competition law, firms provide advice on the laws and procedures of Cyprus and Europe, such as issues relevant to limitation of competition. Cyprus law firm practice areas may also cover admiralty and shipping, banking and finance, as well as other legal matters.