Curaçao and Gaming
Curaçao is an island country in the southern Caribbean Sea. It is a part of the Dutch Caribbean region, which are also called ‘Lesser Antilles’ in the Caribbean. The island is about 444 square kilometers, situated north of the coast of Venezuela. It is currently a constituent country within the Kingdom of Netherlands. Besides its beautiful scenery, Curaçao has one of the oldest and most...
Cyprus Company Formation
The Republic of Cyprus is a paradise for entrepreneurs, business owners and corporate activities, who need to do a company formation mainly because of its vibrant interrelation worldwide trade and the beneficial tax rates it offers. The main legislative body governing the rules and policies of corporations in Cyprus is the Companies Law, Cap.113, which adopted almost identical provisions with...
REGISTER A SHIPPING COMPANY IN CYPRUS
In the article “Registration of Ships in Cyprus” Michael Chambers presented the essential information about eligibility criteria and ship registration procedures. Cypriot and European citizens may proceed with the necessary procedures and register their vessel on the Registrar of Ships. However, non-European citizens who wish to register a ship under the Cyprus flag they are obliged to...
Online gambling jurisdictions: Malta, UK, Curaçao, Antigua and Barbuda, Isle of Man
Despite the global perspective of internet, online gambling regulations are not universal. That is to say, each region has its own jurisdictions that cover the relevant legal issues, such as licensing. For instance, the legislation in some areas permits them to grant licenses and regulate companies they run online gambling sites or supply industry services, i.e. gaming software. The...
Company Set Up in Offshore Jurisdictions: BVI, Belize, Seychelles and Panama.
Investors and companies around the world have been benefiting from advantageous corporate structures and favorable tax regimes for years in order to increase profitability. With the economic turmoil pushing countries to impose tax reforms, numerous companies are looking to benefit from the best possible tax planning solutions through company set up in offshore jurisdictions. In general, an...
Rejection of haircut appeals by the Supreme Court of Cyprus
The Supreme Court on Friday, 7 of March, delivered its long-awaited decision with regard to the appeals lodged by Laiki’s and BoC’s depositors who lost part of their money in the €10 billion bail-in plan for Cyprus. More than 3.000 appeals of uninsured depositors were filed before the Supreme Court requesting the decision to be revoked.
The applicants appealed the decree R.A.D. 104/2013...
Protecting Your Assets Through Trust Formation
High-net-worth individuals with valuable possessions around the globe need effective asset protection tools to manage and safeguard their wealth, as a respond to the differing legislations and tax regulations of the various jurisdictions. A trust is one of the most effective legal tools available for anyone who requires maximum protection of their funds. It is a legal structure that allows...
Company Creation
When creating a company in Cyprus promoters will most often be given the choice of creating the company from scratch (tailor made) or buying a company that has already been created and amending it to suit their specific purposes (off the shelf).
A Tailor Made Company
Where the promoter of the company requires the company to be tailored to his specific requirements from the outset, then a...
Naming Your New Business
Having decided to create a new business in Cyprus, one of the first considerations a promoter of that business will have will be what to name the new entity. Whilst the moment at which the new company’s name is conceived can be thrilling, the legal requirements behind a name can too often be overlooked. Approval for any company name is required from the Department of Registrar of Companies and...
Standard Terms and Conditions of Business
Any business that regularly enters into terms (for example for the sale or purchase of goods) that are often the same or similar can benefit from creating its own standard terms of business. Standard terms are a set of terms that a business can use to govern its relationship with all of its clients.
The Benefits of Standard Terms
The benefits of having a standard set of terms are:
Lower costs...