Legal Articles & News

When establishing a company, many shareholders assume that the company’s Articles of Association are sufficient to regulate the relationship between them. While the Articles are an essential constitutional document, they rarely address the commercial realities of how shareholders intend to manage their business or resolve disputes.

Buying property or obtaining permanent residency in Cyprus does not automatically make someone a Cyprus tax resident, grant non-dom status or lead to citizenship. Each objective has different legal requirements and should form part of one coordinated relocation plan.

Effective from 2 April 2026, Cyprus has implemented the Establishment of a Framework for the Screening of Foreign Direct Investments Law of 2025 (Law 194(I)/2025).

Cryptocurrencies and other digital assets are increasingly forming a significant part of personal wealth. Bitcoin, Ethereum, NFTs, tokenised investments and digital wallets can represent substantial value, yet many individuals fail to consider what happens to these assets upon death.

Trusts remain one of the most effective legal tools for wealth preservation, asset protection and succession planning.

Cyprus offers a streamlined, business-friendly framework for the establishment of Companies of Foreign Interests and the relocation of key personnel and their families.

The first step in incorporating a Cyprus company is the reservation and approval of the company name with the Registrar of Companies. When selecting the company name, kindly provide two or three alternative names to increase the likelihood of approval.

As Cyprus accelerates its transition toward a greener and more diversified energy market, the renewable energy sector continues to attract substantial interest from local and international investors.

The applicant must make an investment of at least €300,000 in one of the following categories of investments from funds that emanate from abroad

The Cyprus Intellectual Property (IP) Box is a preferential tax regime designed to attract innovative businesses to Cyprus by significantly reducing the tax burden on income derived from intellectual property assets.

The Cohabitation agreement in Cyprus is not registered with the municipality. The procedure takes place before the District Officer acting as Registrar at the District Administration Offices.

This guide is addressed to Non-Cypriot Nationals who wish to enrol to the GHS and who legally reside in the areas controlled by the Government of the Republic of Cyprus.

As Cyprus accelerates its transition toward a greener and more diversified energy market, the renewable energy sector continues to attract substantial interest from local and international investors.

Cyprus Parliament has approved an extension of the reduced 5% VAT rate for first home purchases, and at Lyssiotis Law we welcome this decision wholeheartedly.

This memorandum is intended as a practical, client-facing explanation of how GESY eligibility is assessed in practice, with particular focus on Permanent Residence holders and Israeli clients with cross-border living arrangements.

What attracted you to the legal profession?
Each of us was drawn to law for slightly different reasons but all of them come back to a desire to make a meaningful impact.

Harnessing the Power of Intellectual Property under the Cyprus Tax System Cyprus continues to strengthen its position as one of the most attractive EU jurisdictions for structuring intellectual property (IP) ownership and exploitation.

Digital assets are rapidly reshaping global finance, creating new opportunities for businesses, investors and innovators across Europe.

Creating a separate Will specifically for your Cyprus estate offers significant advantages.

Buying property is a significant decision, and in Cyprus, the process can involve multiple legal, tax, and regulatory steps that require careful attention. Between contracts, permits, fees, and timelines, even experienced buyers can overlook crucial details.

Cyprus has become a preferred destination for entrepreneurs, consultants, and remote professionals who wish to establish their own business presence in the European Union. For third-country nationals (non-EU citizens), forming a Cyprus company can provide a legitimate path to residence and employment, provided the structure complies with the current immigration and corporate framework.

As more international companies choose Cyprus as their base for European operations, understanding the local employment law framework is essential.

Relocating to a new country often involves more than business or professional considerations. For many individuals, ensuring that their family can join and live with them in safety and stability is a key part of the decision to move.

When planning long-term relocation to Cyprus, families often face a key decision: whether to apply for Permanent Residence (PR) under Category 6.2 or to reside in Cyprus through the Business Companies of Foreign Interest (BCS) framework. Both schemes offer significant benefits, yet they differ in their scope, renewal conditions, and long-term implications — particularly for families with both minor and adult children.

The European Union Trademark (EUTM) system offers a single registration that extends protection across all EU Member States — a valuable tool for businesses operating or expanding in Europe.

The Cypriot Parliament has recently passed new legislation introducing significant amendments to the VAT regime applicable to primary residences. The changes, passed with near-unanimous support, aim to align Cyprus’s VAT framework with EU directives and address long-standing concerns raised by the European Commission.

In recent years, there has been a notable increase in immovable property transactions across the Republic of Cyprus. This growing interest is largely attributed to the simplicity and transparency of the property acquisition process in the country.

Owning immovable property in Cyprus as a non-resident is a valuable investment, but it also requires careful succession planning. For individuals residing abroad, preparing a Will governed by Cyprus law is essential to ensure that their estate is protected and distributed according to their wishes, without unnecessary legal complications.

In the Cypriot legal system, the transfer of property rights through an Assignment Agreement is a widely used contractual method for transferring rights and obligations under an existing sale agreement—particularly when the title deed of the property has not yet been issued in the name of the original buyer (assignor).

The Central Bank of Cyprus plays a vital role in safeguarding the stability and integrity of the financial system, ensuring public confidence and fostering sustainable economic growth.

Cyprus serves as the ideal bridge between the UAE and the European Union, enabling UAE companies to expand into Europe through a trusted, tax-efficient, and strategically located EU base.

Cyprus has a competitive 12.5% corporate tax rate, fully aligned with EU and OECD rules.
Dividends, share profits and foreign income are largely tax-exempt.
The IP Box (2.5%) and non-dom regime offer major additional benefits.

How EU citizens and their non-EU family members can legally reside and work in Cyprus

Explaining the main residency options for non-EU nationals

Overview of Cyprus as a rapidly growing innovation and technology hub,

Criteria and conditions for obtaining Permanent Residence in Cyprus under Regulation 6(2) of the Aliens and Immigration Regulations