TEMPORARY RESIDENCE PERMIT (PINK – SLIP)

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

PARENTAL CARE – CYPRUS LAW

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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

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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

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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 our 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.

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Citizenship- Naturalization based on years of residence in Cyprus

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Are you interested to obtain Cypriot citizenship? Of course we 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 we 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

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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 lawyer 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 We provide you assistance for both corporate and personal bank account opening.

 

Cyprus personal injury, negligence and accidents Lawyers

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If you have suffered an injury as a result of a traffic or workplace accident, medical malpractice, a defective product, nursing home abuse, an animal bite, or if your case relates to any of the aforementioned practices, you should consider getting advice from one of our personal injury lawyers. Our legal team can help you claim compensation so that you can use the money claimed towards medical expenses, lost salaries, pain and suffering, temporary or permanent disability and other injury-related expenses, since the amount of the compensation has to reflect the real needs of the client arising from the accident.

Negligence corresponds to many areas as it can be shown from any person that has a duty to act in a certain way, with care towards you, and fails to do it, causing you damages. In legal terms, negligence is a breach of a duty of care which results in damage. When damages arise either physical or material due to negligence, they can be compensated thus legal measures have to be taken against the person that has been in breach of the duty of care.

At Andreas Danos Law firm, we have extensive experience in personal injury cases and our lawyers will guide you through your legal rights and the compensation you should be entitled to receive for your injury. We represent accident victims, on a daily basis, who have been injured as a result of someone else’s negligence.  We will guide you all the way through ensuring that you are well aware of your chances of success before going into costly legal proceedings. We ensure that we do have beforehand a medical report proving your injury, and we thereafter take the case all the way though, from the initial negotiation stages, for an out of court settlement, to full court hearings before Cyprus courts.

All we need is to understand how and where the accident happened and we will be able to consult you of your legal rights as against such wrongdoer and/or his/her insurance company.

Cyprus Company Formation

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Cyprus Company Formation may be used for a wide range of purposes and with correct structure it will provide a tax-efficient way to conduct international business, since Cyprus company’s significant tax advantages and precious tax exemptions are the main reasons corporations from all around the world, choose Cyprus as their base of operations.

Furthermore, the Legal system in Cyprus is based on the UK Common Law principles and is in line with EU law and regulations, while the Cyprus company formation procedure is simple, fast and straightforward as you can start operating in approximately 7 to 10 days. The process starts with the application of the name for approval within 3 working days and the registration is completed in approximately eight working days.

The main type of Cyprus company is Private Limited Company where the minimum number of members is one, the maximum number is limited to fifty and there can be no invitation to the public to subscribe for any shares or debentures. A limited liability company, allow shareholders to be only liable to the extent of the value of the shares they possess. Cyprus companies are often considered to be the most advantageous option for international business entities, the core activities of which include investing and holding assets.

There are a Number of Reasons why so many private individuals and businesses decide to incorporate a Cyprus Company, the main advantages being tax saving, simple business administration, asset protection, privacy and anonymity. It’s not mandatory for the beneficial owners to be in Cyprus during any stage of the Company incorporation unless they willingly want to.

At Andreas Danos Law firm, our professional services are designed and tailored for entrepreneurs to operate their business and/or personal financial matters in complete confidentiality and privacy and we can arrange for all the necessary administrative services and banking all within the confinement of the law. As a result of our understanding of a client’s goals and requirements, we will make the necessary recommendations.

Our Cyprus Company Formation services

include, but are not limited to the following:

  • Company formation
  • Registered office and registered agent services (where appropriate)
  • Full nominee services (Directors / Secretary / Shareholders) to ensure total anonymity
  • Opening of bank accounts
  • Legalisation /Apostille of company documents and
  • Formation of international trusts

We are happy to discuss each and every individual client’s requirements and we always tailor our services to suit the client’s specific needs.

Andreas Danos law firm has recently dealt with big car accident cases

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Our law firm has recently dealt with big car accident cases. We operate one of the largest insurance and personal injury practices in Cyprus, with a very high client satisfaction rate. We have successfully represented individuals,  insurance companies and private corporations. We also represent overseas insurance companies and international corporations that deal with personal injury matters.

Our civil trial practice covers a broad range of contentious matters: 

  • malpractice defence
  • negligence claims
  • damages to the property
  • employment injuries
  • professional claims
  • public liability claims
  • car accidents

The policy of our law firm concerning car accidents is that we not charge our clients at legal fees and we charge only very low out of pocket fees as our fees will be paid from the insurance company.

In a Cyprus court, there are the following  categories of damages that may be awarded:

  • General damages – includes bodily harm, emotional and psychological harm, pain, suffering, loss of amenity, damage to private and family life.
  • Special damages – includes loss of earnings, medical expenses and any financial expenses incurred directly as a result of the accident / injury.

The services that our law firm offers concerning car accidents are the following:

  • No upfront fees – or hidden charges.
  • Claim Evaluation – we tell you directly and honesty the possible economical or other outcome of case.
  • Fast and professional paper work – avoids unnecessary procedures which may delay the case or the final outcome
  • High level legal advice and guidance – includes amount of damages to be claimed.
  • Negotiating with insurance companies – in order to reach an out of Court fast and efficient  settlement all kind of car accidents

Please contact us and you will not be disappointed from the result as our lawyers have very big experience in these matters and we offer very high legal services that can satisfy even the most demanding client.

Our law firm specialises in family law

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In Cyprus, the majority of the cases that are related to family matters, such as divorce, property relations, marital relations, custody and maintenance of a child are resolved by Family Courts. Under certain circumstances the family matters are resolved by the President of the District Court or the Family Courts of the Religious Groups.

A decision issued by a Court of another country can be enforced in Cyprus provided that Cyprus has an agreement with that particular country for mutual recognition and enforcement of judicial decisions with the country issuing the decision. If the country issuing the decisions is an EU Member State, then the enforcement will be effected by using the EU Regulations.

The dissolution of civil marriage in Cyprus is granted in Cyprus Family Courts once the applicant files an application at the Family Court. In case of religious marriage, the spouse applying for the divorce must first notify in writing, according to Article 3(1) of L. 22/90, the Bishop of the area where the applicant lives stating the grounds for the divorce.

There is a list of different pieces of legislation, which include provisions regarding the divorce procedure, either for the dissolution of religious or civil marriages. The most recent piece of legislation is the Civil Marriage Law (N.104(I)/2003) which was put in force in Cyprus in 2003, in which there are a number of provisions regulating the divorce procedure.

The legal consequence of the divorce decision is only that the marriage is dissolved. This decision does not affect any property disputes that may arise, any custody proceedings (with the exception of divorces granted due to the physical abuse of children) and neither does it entail an obligation to pay maintenance to the other spouse. All these are independent procedures, which can be brought before the Courts only by way of filing separate applications.

For more information concerning the divorce procedure in Cyprus or other matters arising from the dissolution of a marriage, do not hesitate to contact us