To open a bank account in Cyprus the client’s presence is a prerequisite unless the client is introduced by an approved introducer in which case the procedure becomes much faster and the client avoids unnecessary expenses and travelling in Cyprus. Bank accounts are available in all major currencies and our firm stands ready to assist […]
Continue ReadingCorporate re-domiciliation During the course of an entity’s life, economic or legislative changes within its country of register may justify accessing the possibility of moving to another jurisdiction. This can be done either by liquidating the existing company and transferring its portfolio of assets to an entity incorporated in a new jurisdiction, or by transferring […]
Continue ReadingDefinitions AIF Types AIF with Unlimited number of persons (AIF-UNP) AIF with Limited number of persons (AIF-LNP) AIF with Unlimited number of persons (AIF-UNP) AIF with Limited number of persons (AIF-LNP) An AIF-LNP cannot have assets under management that exceed the AIFMD thresholds of €100 million (including leverage) or €500 million […]
Continue ReadingCyprus is a jurisdiction traditionally used by international companies and investors for structuring in a cost efficient manner their worldwide investments Why Cyprus During the last decades, Cyprus established itself as a business hub, offering a unique European base for international business companies. Despite the March 2013 events with the local banks bail-in, Cyprus […]
Continue ReadingThrough proper structuring and by efficiently utilizing the benefits of the Cyprus Tax system[1], the use of a Cyprus Company can significantly improve the profit margin of entities operating in or through Greece. Specific types of businesses can especially benefit by employing a Cyprus Company: Service Companies: There is a wide range of services […]
Continue ReadingTime Frame The formation and registration procedure normally takes eight to twelve working days. It usually takes two to three days to obtain approval for the company name and another five to eight days are needed from the submission of the required forms and documents to the Registrar of Companies. The exact time frame depends […]
Continue ReadingCompany Name Every company needs to have a unique name. An application requesting the approval of the name of the company is submitted to the Registrar of Companies. It is advisable that at least three options are given to the Registrar of Companies to prevent rejection by the Registrar, in the event that the […]
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