:::--- Y. G. Law ---:::

Legal Updates

Further to the lifting of all the restrictions regarding the establishment of companies by EU citizens, the Cyprus government, through its Council of Ministers has now also approved a total liberalisation of the policy governing direct investment by foreigners in Cyprus. Thus, as of 1st October 2004, foreigners who wish to register companies in Cyprus or acquire shares in existing Cypriot companies or in any other way, do business in Cyprus will no longer have to obtain any special permit in order to do.

As of 1 May 2004, Cyprus, together with nine other countries, has been a full member of the European Community. Cypriots have always viewed the island's accession as a tool for solving our political problem, thus failing to focus on the positive legal implications that it will create by conferring rights upon individuals.

The importance of Community law is that it gives rights to individuals, which they can enforce before national courts.

This opens new doors for both the people of Cyprus and people from abroad who are interested in doing business with or within Cyprus. The responsibility lies with Cypriot legal practitioners to master European law well so that they serve the interests of their clients in the best possible way.

See more ...

.....

We are happy to announce that:

As of 1 January 2006 our law firm Yiannos G. Georgiades & Co. merged with the law firm of Anastasios Z. Mylonas. The firm shall now be called GEORGIADES & MYLONAS. The firm has offices both in Nicosia and Larnaca.

As of 29 September 2004, we have moved to our new privately owned offices, which are situated near the Supreme Court of Cyprus and the District Court of Nicosia.