Introduction The measures that must be taken to slow the spread of the Covid-19 will inevitably cause disruption for most organisations. The new reality imposed by the current health crisis means many companies’ entire workforce will be working remotely under lockdown measures for weeks, with the possibility that the situation will extend months further into spring… Read More
Can Foreigners Buy Property in Cyprus? – Legal Guide Cyprus is a highly attractive destination for foreign buyers thanks to its warm climate, high quality of life, and favourable tax and residency options. Foreigners can generally buy property in Cyprus, but the exact rules depend on whether you are an EU or non-EU citizen. 1…. Read More
Taxes and Fees When Buying Property in Cyprus – Complete Guide Cyprus has become an increasingly popular destination for foreigners buying real estate, thanks to its low cost of living, high quality of lifestyle, favourable permanent residency policy through property acquisition, and status as one of the top retirement destinations in Europe. One of the… Read More
Under Cyprus law, a pledge of shares refers to the granting of a security interest in shares of a company as collateral for a debt or other obligation. It involves the transfer of legal title of the shares to the creditor (pledgee) while the economic ownership and voting rights generally remain with the pledgor (debtor)…. Read More
Purchasing a property that will be used as a home is a dream come true for many people. When deciding to go through this idea, you should take into consideration some aspects to secure your desired outcome. According to Cyprus law, Cypriots or persons of Cypriot origin as well as EU citizens who have their… Read More
Non EU citizens have the right to reside in Cyprus for more than 3 months on a Visitor Residence Permit. The key requirement is to show that they have in their possession stable or adequate income deriving from abroad. The term “adequate income” means a minimum deposited amount of EUR 10,000 for every adult and… Read More