Legal Articles

On Thursday 3rd November the House of Representatives in Cyprus voted to approve a Bill aimed at reducing transfer fees in property transactions. The draft bill is under finalisation and could be effected shortly. Property transfer tax represents a considerable levy on purchasers of property on the island and the aim of the latest measure is to prompt the struggling property market by...

Each year thousands of new companies are registered with the Registrar of Companies in Cyprus. In 2010, 19278 new companies were registered and 2011 looks set to top that figure. Year on year the number of annual registrations on the island increases, taking the total current number of registered companies in Cyprus to over 250.000 companies. Clearly Cyprus holds great attraction as a business...

Statistics According to the latest demographic report of the Statistical Service of Cyprus for the year 2009, the number of divorces is increasing.  Particularly, in 2009 the number of divorces increased to 1738, compared to 1639 for 2008.  Main ground of divorce In Cyprus, the grounds recognized for divorce are stipulated in A....

Cyprus is considered one of the safest European countries to invest in since its market is growing at a stable rate and its prices are competitive. If every perspective purchaser bears in mind the following points then a safe and prosperous investment will be carried out. An official search must be conducted at the Lands Registry which will provide the purchaser with information found on the...

Cyprus was a British colony until 1960 and as such the Cyprus legal system was highly influenced by the English legal system and the principles of common law and equity were adopted by the legal system of Cyprus. The Cypriot Courts apply the following laws:  The Constitution of the Republic The laws that remained in force under Article 188 of the Constitution  The common law and the...

Value Added Tax is a tax charged on every taxable supply, by a taxable person, of goods and services within the Republic, other than an exempted supply. It is also charged on goods acquired in Cyprus from other EU countries and on goods imported from outside the EU. VAT is an indirect taxation which is applied by the VAT registered business acting as agent of the VAT authority by adding VAT to...