The company or legal entity, as it is called, is a self-existing entity that has its own legal rights and obligations, separate to those running and/or owning it. The establishment and operation of all kinds of companies in Cyprus is regulated by the Companies Law - CAP113, which is the main source of Company Law in Cyprus.
Companies in Cyprus
The favourable tax regime of Cyprus and the extensive network that provides double tax avoidance created the ideal basis for the establishment of companies in Cyprus. Numerous companies that are originally based outside the European Union moved their headquarters to Cyprus to benefit from the tax regime as well as to gain access to the European Market.
Cyprus provides many advantages in the company law sector. Since joining the European Union in 2004, Cyprus maintained the lowest corporate tax rate compared to other EU member states and also has double taxation agreements with many countries around the world.
Cyprus is also known for establishing International Business Companies, also known as offshore companies, which provide companies with the opportunity of doing business in Cyprus and abroad.
Frequent activities of Corporate & Commercial Law
We assist entrepreneurs with the creation of their company. We draw up the memorandum of association and we take the necessary steps needed to successfully start up a company. We experience in company acquisitions, the sale of company shares, corporate restructuring, commercial agreements, shareholder agreements, taxation, and legal compliance advice. In addition, we also consult companies regarding the buying and selling of real estate and the buying and selling of shares of their company or of other companies, etc.
The Department of Company & Commercial Law of our law firm