Company Formation in Belize

Belize attracts entrepreneurs and investors with its attractive opportunities for registering offshore companies. The law firm Andreas Danos is able to provide assistance in the creation and registration of such companies in this English-speaking country located on the Caribbean coast of Central America.

Belizean legislation, based on English common law, provides a reliable legal basis for business. For example, Belize offers the creation of International Business Companies (IBCs), which are exempt from taxes in the country.

Registering a company in Belize takes 1 to 2 days. Only one director and one shareholder are required, who can be individuals or legal entities.

The names of directors and shareholders are not entered into the registry, ensuring a high level of confidentiality. Belizean IBCs can also use the services of nominee representatives for additional anonymity.

Belizean IBCs are exempt from all taxes and stamp duties in the country. After registration, the company is not required to provide financial reports to the authorities of Belize.

Conducting meetings of shareholders and directors is not required. If conducted, participants can attend remotely.

Belizean IBCs can engage in a wide range of entrepreneurial and investment activities worldwide. However, they cannot engage in banking or insurance activities without prior approval.

Belize is an attractive jurisdiction for forming offshore companies due to its favorable tax regime, confidentiality, and convenient registration process. However, before deciding to register a company in Belize, it is important to conduct thorough research and seek advice from qualified professionals.

Startups in Cyprus

In today’s dynamic business environment, startups are all about fresh ideas of innovation, driven by ambitious founders aiming to disrupt traditional markets with groundbreaking products or services. While starting a business can be thrilling, it’s also important to understand the legal side of things to make sure your venture can thrive. 

Startups, by definition, are companies or ventures dedicated to introducing a singular product or service to the market. Often propelled by visionary founders, these enterprises operate without a fully developed business model and rely on initial funding, typically sourced from their founders’ resources.

Despite the absence of a specialized system for registering startups, Cyprus offers a conducive environment for entrepreneurial endeavors, governed by established rules and regulations for business establishment. Entrepreneurs have the option to register as self-employed individuals or incorporate their ventures as limited liability companies (marked by ‘Ltd’), providing flexibility and legal protection for shareholders.

For startups operating within their first five years, Cyprus provides access to various benefits, including grant schemes and support from start-up incubators. These initiatives aim to foster innovation, facilitate growth, and enhance the competitiveness of emerging enterprises, underscoring the government’s commitment to nurturing the entrepreneurial ecosystem.

While the road to startup success may be fraught with uncertainties, with the right legal guidance and strategic planning, entrepreneurs can overcome obstacles on a transformative journey towards realizing their entrepreneurial visions in Cyprus’s vibrant business landscape. 

Contact us directly by info@danoslawfirm.eu or by +357 22 66 44 33 to find out more information about the issue you are interested in.

CAYMAN ISLANDS COMPANY REGISTRATION

Cayman Islands Company Registration presents an enticing proposition for businesses worldwide. With a streamlined process requiring just one director and shareholder – it could be the same individual – it offers unparalleled flexibility. Moreover, the jurisdiction’s commitment to confidentiality ensures privacy for stakeholders, with disclosure available for a fee.

Renowned as a global financial hub, the Cayman Islands leads in banking, hedge funds, insurance, and structured finance. Its tax-neutral status, combined with a robust legal framework rooted in English common law, attracts investors seeking integrity and stability.

Supported by a collaborative partnership between government and private sectors, the Cayman Islands fosters a business-friendly environment while upholding regulatory standards. This synergy ensures a professional infrastructure responsive to local and international market needs.

Benefiting from a long-standing history of political and economic stability, the Cayman Islands remains a beacon for those seeking reliable company registration. In essence, it’s a jurisdiction that empowers businesses to thrive in a secure and dynamic global landscape.

Our Cyprus lawyers will guide you through all the registration steps, so don’t hesitate to contact us.

GETTING A CYPRUS FOREX LICENSE (CySEC)

In the world of forex trading, getting a Cyprus Forex License (CySEC) is pivotal. Located in the Eastern Mediterranean, Cyprus has a high-income economy and it’s a  nice place for investors. Overseen by the Cyprus Securities and Exchange Commission (CySEC), Cyprus offers a regulatory framework conducive to Forex ventures, coupled with EU Passporting privileges since 2008.

The CySEC license is simple and can be used in different ways. Whether you’re a Market Maker or STP, this license makes it easy to get into the market, especially compared to other multi-tiered regulatory regimes.

With help from Cyprus lawyers at Andreas Danos Law Firm, getting the license is smooth. We navigate regulatory intricacies, ensuring a meticulously crafted application for CySEC’s scrutiny.

Ready to dive into the Forex world in Cyprus? Contact Andreas Danos Law Firm today for help and support every step of the way.

TEMPORARY RESIDENCE PERMIT (PINK – SLIP)

Cyprus temporary residence permit, enables non-EU citizens to extend their stay in Cyprus for more than 3 months (90 days). Someone who secures the temporary residence permit can then reside in Cyprus for one year. The temporary residence permit is renewed annually and one month before Pink Slip expiry the applicant is entitled to apply for renewal.

According to Cypriot law, the holder of a temporary permit only has the right to reside in Cyprus. The temporary residence permit does not give him the right to work. If any person needs a temporary residence permit for his entire family then a separate application must be made for each family member. Moreover the temporary residence permit does not allow anyone to travel to Europe without an visa. 

The criteria that a person must meet in order to be able to apply and be accepted are the following. First of all, he must have the financial ability to cover his living expenses or have bought or rented a house in Cyprus. 

Necessary documents for the application: 

Application form (doc, 0.5 MB) for a temporary residence permit in Cyprus. ( MVIS5) 

Passport Copy 

Marriage Certificate (must be translated into Greek or English  and bear the «APOSTILLE» stamp or be certified by the Ministry of foreign affairs of the country that will issue them and by the Cyprus Embassy of that Country. 

Medical Exams visit to a doctor in Cyprus who will refer you for blood tests (Hepatitis B and C, HIV, syphilis, chest X-ray report for tuberculosis) 

Documents proving the income of the applicant who must have the financial ability to cover his living expenses. ( approximately € 24,000 for a single applicant) 

Health Insurance 

Rental Agreement or sale agreement of a house or appartment lasting at least one year. 

Οpening a bank account in Cyprus and transferring 24,000 euros to the specific account from abroad. 

Bank guarantee (set up a bank guarantee in a Cyprus bank, one for each family member.)

As Cyprus lawyers well versed in local law we will check all the necessary documents for the specific application. 

PARENTAL CARE – CYPRUS LAW

In Cypriot law, matters concerning parental care are regulated by the Parents and Children Relations Act of 1990. According to the Cypriot Law the «parental care» includes the determination of the child’s name, the custody of the child, the administration of his property and his representation in any case. Moreover «child» is any person under the age of eighteen.

Based on Parents and Children Relations Act of 1990 (216/1990), parental care is both an obligation and a right of parents. in case of divorce or when there is a break in the cohabitation of the two spouses, the court regulates the exercise of parental care. The exercise of parental responsibility may be assigned to one of the two parents or may be distributed between the parents or assigned to a third party.

The court must always take into account the child’s ties to his parents and siblings before making a decision. Therefore, according to Cypriot law, the main criterion is always the best interest of the child. Αlso the court’s decision should respect equality between parents and not discriminate on the basis of sex, language, religion, belief, nationality, national or social origin or property.

The courts in Cyprus in such cases take into account the opinion of the child if they first talk with him and ascertain the maturity of the minor. If the minor is at an age where he can decide in his best interest, then his opinion is very important.

Who is entitled to apply to the Court?

The people who can apply to the court for parental care are the following:

  • The mother
  • The father (the mother’s husband or the person who recognized the minor as his child)
  • Αscendants of father or mother
  • Director of the Department of Social Welfare Services.

Right to communication

According to article 17 of Parents and Children Relations Act of 1990, In the case where the Court gives custody to one of the parents then the parent with whom the child does not reside has the right to communication.

That parent can make an application to the court asking for specific times and days he want to see his child.

The right to contact in exceptional cases can be suspended when, for example, there is abuse of the minor, or when the minor does not wish to have contact with one of the parents.

Bad exercise of parental care

Based to the article 18 of Parents and Children Relations Act of 1990 in case of bad exercise of parental care the court can take the following actions:

  • Take any measure it deems appropriate in the event that the parents breach their duties in the exercise of parental care.
  • Assign all or part of parental care to the other parent or to the Commissioner. the custody of the minor by both parents and the assignment to a Commissioner are ordered by the Court only when other measures have failed and there is a risk to the physical and mental health of the child.
  • The comissioner to whom parental responsibility is entrusted is preferably a relative. His suitability, morals and living conditions are checked.

Termination of parental care

Based on the article 22 of the Cypriot Law «Parents and Children Relations Act of 1990» the parental care is terminated when:

  • Ιn respect of one parent if he dies or becomes insolvent and in respect of both parents when the child reaches adulthood or dies or becomes insolvent.

Cyprus Lawyers: Your Key to Seamless Cyprus Company Formation

If you’re considering Cyprus company formation, it’s essential to enlist the help of experienced Cyprus lawyers to guide you through the process. At Andreas Danos Law Firm, our team of legal experts offers comprehensive support to clients looking to establish a strong presence in the country’s thriving business environment. In this article, we will discuss the importance of working with the right legal professionals and the benefits of incorporating your company in Cyprus.

Why Cyprus Company formation?

Cyprus offers numerous advantages to businesses looking to incorporate in the country. With a strategic location at the crossroads of Europe, Asia, and Africa, it is an ideal hub for companies with international aspirations. Additionally, Cyprus boasts a highly skilled workforce, well-developed infrastructure, and a business-friendly regulatory environment.

One of the primary reasons for choosing Cyprus company formation is its attractive tax regime. The country offers one of the lowest corporate tax rates in the European Union (EU) at just 12.5%. Moreover, Cyprus has signed numerous double taxation treaties with other countries, ensuring that your company’s profits are not taxed twice.

The Role of Cyprus Lawyers in Company Formation

Working with experienced Cyprus lawyers is crucial to successfully navigating the company formation process. The team at Andreas Danos Law Firm provides a wide range of services to help you establish your business in Cyprus, including:

  1. Legal Consultation: Our Cyprus lawyers offer expert advice on the best corporate structure for your business needs. We’ll also provide guidance on the legal and regulatory requirements associated with setting up a company in Cyprus.
  2. Company Registration: Our legal professionals will handle the entire company registration process, including preparing and submitting the necessary documents to the Registrar of Companies.
  3. Tax Planning: Our Cyprus lawyers will work closely with you to develop an effective tax planning strategy, ensuring that your company takes full advantage of Cyprus’s favorable tax regime.
  4. Compliance: We’ll ensure your company remains in compliance with all relevant laws and regulations, including those related to anti-money laundering and financial reporting.
  5. Ongoing Legal Support: As your business grows and evolves, our team will be there to offer ongoing legal support and guidance, helping you navigate any challenges that arise.

Choose Andreas Danos Law Firm for Expert Cyprus Lawyers

At Andreas Danos Law firm, our team of experienced Cyprus lawyers is committed to providing exceptional service and support to clients seeking Cyprus company formation. We understand the unique challenges faced by businesses entering the Cypriot market and are dedicated to helping you overcome them.

Whether you’re a local entrepreneur or an international corporation looking to expand your operations, our team of Cyprus lawyers has the expertise and resources necessary to ensure a seamless company formation process. Contact us today to learn more about how we can help you successfully establish your business in Cyprus.

Cyprus Family Lawyers: Divorce in Cyprus

If you’re looking for a reliable law firm to handle your divorce proceedings, look no further than our Cyprus family lawyers. With over 50 years of experience in family law, we specialize in arranging divorces that have taken place either in Cyprus or abroad.

Our team of skilled lawyers can submit a petition for divorce for both civil or religious marriages that take place in Cyprus or abroad, provided that one of the spouses has been in Cyprus for at least three months. We understand that divorce can be a challenging and emotional process, and we strive to make it as smooth and stress-free as possible.

If both parties agree on divorce, the process typically takes between three to five months. In the event that the defendant lives in an unknown address and avoids putting up a defense in the divorce petition, we will obtain permission from the court to notify them of the application through alternative means. Even in this case, we will be able to finalize the divorce between three to five months.

It’s important to note that only the applicant of the divorce must appear in court on the last hearing, which marks the end of the divorce process. This means that we can handle the majority of the process on your behalf, providing you with peace of mind and support throughout the entire process.

Cyprus Family Lawyers

Our Cyprus family lawyers have extensive experience in all aspects of family law, including child custody, child support, alimony, and property division. We understand that every divorce is unique and requires a personalized approach, which is why we take the time to listen to your needs and concerns and provide you with tailored advice and representation.

In addition to handling divorce proceedings, we can also assist you with prenuptial agreements, adoption, and other family-related matters. Our goal is to help you achieve the best possible outcome for your case while minimizing stress and uncertainty.

At Andreas Danos Law firm, we pride ourselves on providing high-quality legal services that are both affordable and accessible. We understand that divorce can be a costly process, which is why we offer competitive rates and flexible payment options to meet your needs.

If you’re considering divorce or need assistance with a family-related matter, our Cyprus family lawyers are here to help. Contact us today to schedule a consultation and take the first step towards a brighter future.

Citizenship- Naturalization based on years of residence in Cyprus

Are you interested to obtain Cypriot citizenship? Of course our Cyprus Immigration lawyers can assist you as we have years of experience in the Cyprus Immigration law. The Cypriot Naturalization can be obtained through legally residing in Cyprus for seven years. Aliens who are either parents or children of Cypriot Citizens the time required is five years.

We undertake to inform you about all the necessary documents and to make an appointment with the Civil Registry and Immigration Department. Moreover after we double check the relevant documents, we can accompany you to your appointment.

Acquiring Cypriot citizenship offers many advantages. Αfter acquiring Cypriot citizenship Andreas Danos Law Firm can provide you with  legal support in your activities as an EU citizen, including company formation, open a bank account etc. 

For more information:

Tel: 22664433

Email: info@danoslawfirm.eu

CYPRUS COMPANY FORMATION

Our Firm is one of the oldest Law Firms in Cyprus. We have the expertise to make
your company formation fast and simple. Our Firm has been incorporating companies since 1969.

Cyprus Company name approval

The first step is to apply for approval of the desired company name. The company name includes at the end the abbreviation Ltd or Limited. The name must not be unreasonably similar to the name of an existing company.

Usually, we recommend using unique names and adding the owner’s initials in the front to get easier Cyprus company name approval from the register. The name approval procedure takes 1-3 working days.

After the approval of the company name, the required documents for a Cyprus company registration prepared by a Cyprus lawyers and submitted to the Registar of companies.

Corporate requirements

  • Minimum Number of Shareholders: 1
  • Minimum Number of Directors: 1
  • No minimum Share Capital Requirements

Local requirements

  • Registered Office in Cyprus
  • There is no requirement that the Director has to be local but for tax purposes it is recommended.
  • Government Register of Directors
  • Government Register of Shareholders

Nominee services for full confidentiality and tax residency of your company

Nominee Director

The board of directors is in charge of the company’s day-to-day business. For substance purposes, it is essential that the board of directors meets and take management decisions in Cyprus, ensuring tax compliance.

Nominee Shareholder

Nominee Shareholders will act as beneficiaries under the client’s instructions.

Nominee Secretary

All Cyprus companies must have a Company Secretary.

After the registration of company, we provide you with the
following set of certificates:

  • Memorandum and Articles of Association
  • Certificate of Incorporation
  • Certificate of Director and Secretary
  • Certificate of Shareholders
  • Certificate of Registered Address

Additional Services

Bank Account Opening

Our Cyprus lawyers provide you assistance for both corporate and personal bank account opening.