What is a Franchise Agreement? In Cyprus, there is no formal definition of a franchise, and there is no recognized group to provide a commonly accepted definition. However we can find one sort of Franchise Definition in one Order issued by Council of Ministers in 1998 which give the definition of “the total of intellectual property rights […]
The Family Law in Cyprus is governed by the Law on Family Courts of 1990, which establishes the operation of Family Courts in Cyprus. These courts are authorized to resolve cases related to Marriage and Divorce, Child Custody and Maintenance, Adoption, Property Disputes arising after marriage dissolution, and other related matters. For a smooth and stress-free […]
Cyprus Short-Term Visa: What you need to know If you intend to visit Cyprus for a short period of time, you are going to need a Cyprus Short-Term Visa. It is critical that you understand the conditions for acquiring a visitor’s permit. Some kinds of non-EU nationals are entitled to apply for a tourist or temporary residence […]
What is the Cyprus IP Box Tax Regime? The IP Box Regime (also known as a patent box, innovation box, or IP box) is a corporate tax regime used by many countries to incentivize R&D activities by taxing revenues derived from licenses, royalties, patents, and the sale or transfer of qualified IP assets differently than other commercial revenues. Intellectual property […]
How to get Citizenship in Cyprus by Marriage Third-country nationals (non-European Union citizens) who marry to Cypriot residents are eligible to apply for a residence permit in Cyprus. The process is known as Cypriot Citizenship by Marriage. This also applies to the spouse’s family members, like their children under the age of 18 from a […]
How Companies are taxed in Cyprus? All companies that are tax residents in Cyprus are taxed on any income earned or derived in Cyprus and overseas as a Cyprus Corporate income tax. A non-Cyprus tax resident company is taxed on income accrued or gained from economic activity conducted through a PE in Cyprus, as well […]
How group of companies are taxed in Cyprus? Group relief provisions refer to a tax benefit that allows companies in the same group to transfer tax losses from loss-making companies to profitable ones, subject to certain conditions. Essentially, this means that if one company in a group is experiencing financial difficulty, other profitable companies within […]
Company of Foreign-Interests in Cyprus: Immigration Opportunity Cyprus is a popular location for foreign businesses looking to establish a presence in the European Union, by registering a Company of Foreign-Interests. One of the reasons for this popularity is the favorable tax regime in Cyprus, which makes it an attractive destination for international companies seeking to […]
Who pays for Child Support after the Divorce in Cyprus? When a Divorce occurs, it triggers a series of related issues that require the expertise of a professional family lawyer. By working with a qualified lawyer, you can avoid potential problems that may arise in the future. One of the issues related to divorce is […]
Child custody in Cyprus: Who takes the children After a divorce is issued by the Family Court, often disputes arise between the spouses regarding each parent’s relationship with their children, also know as child custody or parental care. The main issue that arises is the exercise of parental responsibility, meaning who of the two parents […]
