Banking & Finance
The law office Lysandrou & Thoma L.L.C. acts on behalf of borrowers and lenders in this increasingly complex field.
Some of the major areas in which the firm has been involved include:
- banking law
- loan and security documentation
- project and corporate finance
- the finance of international trade (including letters of credit, negotiable instruments and related banking matters)
- construction and project financing
- finance leasing, indemnities and guarantees
- the establishment and operation of offshore banks, offshore banking units and representative offices of foreign banking institutions
- the establishment and operation of offshore financial services companies
- offshore public closed end investment companies and open-ended investment vehicles
- securities law compliance
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Cyprus join the Euro zone on January 1st, 2008
As a result of this, all Cyprus entities are required to convert their share capital from pounds to euro.The conversion to euro must be filed with the Registrar of Companies latest by the end of 2008.
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Foreign Investors Service Centre in Cyprus
The Investors Service Centre operates under the auspices of the Ministry of Commerce, Industry, and Tourism and aims at fostering foreign direct investments, attending foreign investors' needs as well as promoting Cyprus as an international business and investment centre.
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Establishing a Business in Cyprus
In order to enhance foreign investment intensity, the FDI policy has been liberalised for both EU and non-EU nationals. Subsequently, administrative procedures have been simplified and no limitations apply in most sectors of the economy, as per the minimum level of investment and the foreigners´ participation percentage.
