Chryssafinis & Polyviou LLC

Firm Profile
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Chryssafinis & Polyviou LLC was established in 1903 by the late N.G. Chryssafinis and is one of the oldest and most prestigious Law Firms in Cyprus, operating for more than a century.

The Firm has an extensive and powerful network of correspondent Law Firms abroad, which includes some of the world's leading firms allowing its team to provide effective and efficient advice and support to its clients worldwide.

It operates in Nicosia, Cyprus and through its network of affiliate local Law Firms, in Limassol, Larnaca and Paphos, it provides an effective and efficient response to the needs of its clients in any part of the Republic of Cyprus.

Its clients include mainly banks and financial institutions, investment and insurance companies, hedge funds, airlines, petroleum companies and others.The Firm also represents on a regular basis the American Government and British Council in Cyprus.

The Firm currently employs over 60 people, 25 of whom are highly qualified lawyers in their own fields - Banking Law, Insurance Law, Competition Law, Mergers and Acquisitions, Business Law, Employment Law, Aviation Law, Media Law, Arbitration Law, Taxation and others.

The Firm is highly rated by legal rating organizations, such as Legal 500 and Practical Law.

It is the exclusive contributor for the International Law Office Company/Commercial Newsletter for Cyprus.

Member of : The Legal 500 | IFLR1000 | Practical Law Company | InterAct Europe | The Society of Trust and Estate Practiotioners | Cyprus Bar Association | Cyprus Chamber of Commerce and Industry | Cyprus-Czech Republic Business Association

 
  • Setting up a Cypriot Company
  • Why choose a Cypriot Trust

Approval of Company Name

Firstly an application must be filed with the Registrar of Companies for approval of company name.  Usually it takes 5 – 6 working days for the application to be officially examined.Any name that is identical or similar to an existing company name or that implies illegal activity shall not be accepted by the Registrar of Companies. If the proposed name contains words such as “insurance”, “banking”, “brokerage”, “trustees” etc then the consent of the Central Bank of Cyprus will be required...read more


Taxation

• Income and gains of an international trust derived from sources outside Cyprus are exempt from all kinds of tax in Cyprus.

• No Cyprus estate duty is chargeable in respect of assets belonging to an international trust created in Cyprus.

• The only tax obligation is stamp duty of approximately Euro428,00 on the instrument creating the trust.

• Dividends, interest and other income .... read more


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