Real Estate
The law office Lysandrou & Thoma L.L.C. property department deals with all matters relating to freehold and leasehold property, including transactions and disputes involving commercial and residential property and the provision of a comprehensive service to non-resident purchasers of property in Cyprus.
Areas of work include:
- drafting sale agreements on behalf of purchasers and sellers
- all aspects concerning acquisition of immovable property by aliens including applications in respect of residence permits, expatriation of funds and exchange control
- estate administration planning
- wills, probate and re-sealing
- property management for non-residents
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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.
