Globalization has brought economic challenges to businesses that rely on an open and transparent trading regime. Our Law Firm advises on all aspects of establishing, administrating and developing Cyprus corporate ventures based on specific tax plans. We advise companies and represent corporations, members of their board of directors, and shareholders in the following areas: Fiduciary duties of directors, officers and shareholders (generally and with respect to specific transactions), corporate opportunities, issues arising under agreements, internal corporate disputes among shareholders, directors, and management.
The most popular, types of companies incorporated in Cyprus are Holding, Trading, Services, Consultancy, Royalty and Financial Services as well as companies for the Shipping sector.
The Cyprus Company Law 124(I)/2006 enables a foreign company to transfer its company registered office (or corporate seat) i.e. redomicile to Cyprus and continue its corporate operations from Cyprus just as before. Under this law and in conjunction with the competitive tax advantages that Cyprus offers as the lowest EU Tax jurisdiction, existing EU companies may enjoy financial advantages through redomiciliation.