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PRIVATE CLIENT SERVICES

Our law firm is well placed in advising individuals on a broad range of “private client” matters. We can provide a comprehensive and professional service wherever our clients living around the world. In addition our experience make us uniquely qualified to handle complex, multi-jurisdictional estate disputes. Our primary practice areas are:

PLANNING

Succession planning for closely-held businesses, tax and estate planning for individuals, compensation and retirement planning for employees, immigration and tax planning for multi-national families.

ESTATE AND TRUST ADMINISTRATION

Our firm provides legal advice and assistance and in all aspects of this field. Our services include post-mortem tax planning, valuation and liability issues, fiduciary income tax estate, generation-skipping and inheritance tax and all the necessary court proceedings.

WILLS AND SUCCESSION

A will is considered to be a legal declaration of one’s individual intentions to share his/her property after his/her death. It is strongly advisable to make wills to cover property in Cyprus because will of another country is not recognized in Cyprus and any immovable or movable property in Cyprus are not secure and would revert back to the Cypriot government. Another important fact regarding wills is that a will may be revoked at any time prior the individual death.

Our firm provides assistance and legal advice in all aspects of wills and succession ensuring that the intentions of the person creating the will are fully satisfied. We also offer tax-effective solutions on the holding of assets by implementing various asset protection strategies.

IMMIGRATION

We have extensive experience of handling Cyprus immigration applications. Whether you require immigration assistance as an individual or as an organization, our specialist Immigration lawyers can help you through the complexities of the Cyprus immigration system. Our immigration team can advise to all nationals in relation but not limited to the following immigration legal related services:

  • Acquisition of citizenship by investment
  • Acquisition of citizenship by years of residence in Cyprus
  • Acquisition of citizenship as a spouse of a Cypriot citizen
  • Accelerated permanent residence permit ( see below for further information)
  • Residence permit for European Union citizens
  • Permanent residence permit under the normal procedure
  • Employment permit
  • Temporary residence permit
  • Student permit
  • Visitor permit
  • Housemaid permit

A growing number of countries now offer immigrant investor programs, exchanging residence rights or citizenship for a sizeable investment in their economies. For further information in this subject read the Cyprus Citizenship for Foreign Investors page on our website.

IMMIGRATION PERMIT

Another attractive program of Cyprus Immigration Law is the Immigration Permit which is granting to applicants who are third country nationals and invest in Cyprus

REQUIREMENTS:

A1. PROPERTY

1. The property must be in Cyprus.

2. Purchasers could be:

• the applicant or

• the applicant’s spouse or

• the applicant and his spouse or

• a Cyprus Company, provided that the applicant or his spouse (or both) are direct and the only shareholders of the Company.

3. Vendor must be a Real Estate Developer and the contract of sale must be placed in the Land Registry office.

4. Must be new building and the price for the purchase must be €300,000 not including the V.A.T. The amount of €200,000 should be paid to the vendor before the application and proofs of transfer from abroad will be needed.

 

A2.  BANK DEPOSITS

An amount of €30,000 must be placed for a period of three years as a bank deposit and proofs of transfer from abroad will be needed.

A3. INCOME OF THE APPLICANT AND HIS SPOUSE

Income must come from activities that are located outside of Cyprus and proofs of income of at least €5,000 for each dependent member of the family and €30,000 for the applicant

A4. OBLIGATION OF NOT ENGAGING IN ANY PROFESSIONAL ACTIVITIES IN CYPRUS

It is not prohibited for the applicant to have income form dividends in a Cyprus Company and it cannot be considered as engagement to any professional activity by the applicant in Cyprus.

For further information please contact us at info@hadjisterkotislaw.com

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+357 25 354 782, +357 25 355 322

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Working Hours

  • Monday – Friday 08:00 -1300 / 16:00 -19:00
  • Saturday               Closed
  • Sunday                   Closed