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Cyprus is now a full member of the European Union and our law firm follows closely the process of harmonisation of Cypriot law with the European Union’s acquis communautaire. The firm is already in a position to advise clients as regards the legal order of Cyprus in connection to Community law issues.
The law firm is already advising European and third country nationals on their legal status and legal rights in Cyprus in view of Cyprus accession to the European Union. Particularly, in relation to the acquisition of immovable property, residency and formation of local companies by European nationals and the impact of European Direct and indirect Taxation; and the options available with Cyprus membership to the EU.
Cyprus has the advantage to offer secure banking, commercial and financial services to both business and private individuals. Actions have been taken to harmonise the Cyprus Pound with the Euro in light with the completion of Cyprus full membership with the EMU by 2007 This is also enhance by the fact that Cyprus has become one of the proud new members of the enlarged European Union, offering and benefiting from the acquis communautaire.
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