Business Services in Limassol

  • Nada
    Nada's main areas of expertise are in the fields of corporate and commercial litigation, family law, real estate law, Equity & Trusts Law, and Employment Law. She is a member of the Cyprus Bar Association, the General Council of the Bar, United Kingdom, the Honorable Society of the Inner Temple and the Chartered Institute of Arbitrators (CIArb). She has been recommended by Legal 500 in 2017.

Business Services

Business Licence Application

Who is this Service for?

Opening and operating a business can often require the owner to obtain a license to carry-out the specific activity. Sometimes, this is passed-on to the new owner, if purchasing an existing business, or if not, it may be necessary to make an application. Where the business shall deal with the public, these tend to be quite arcane and complex. Especially if the activity or service to be provided is dangerous in any way, such as certain sporting activities.

What does this service consist of?

  • Initial discussion with a lawyer to understand the project you have in mind
  • Preparation of a report on the steps to be taken to initiate the activity and the likely costs involved, including an evaluation of the likelihood of success
  • Upon agreement, initiation of the application and the steps to obtain the licence
  • Follow-up services to include full tax and accounting service

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Business Set-Up

Who is this Service for?

If you have already decided on the type of business you want to run, and where you wish to locate it, then the main decision you will need to make is whether you should set it up as a limited company or as a sole trader.

This can be extremely important as you can save a considerable amount of money depending on which option you choose. Both have benefits and drawbacks.

Self-employed is of course cheaper to set-up and less costly to manage since the reporting requirements are lesser than in the case of limited companies.

On the other hand, limited companies do limit your liability in the case of a claim against your business, which depending on the type of business could be the only reason you need to opt for this type of structure. Otherwise, a limited company is rather more flexible when there are a number of partners or when the company has other, more complex attributes.

What does this service consist of?

  • Ensure legal interests are protected, especially when creating a company with several partners.
  • Drawing-up a notarial contract according to your guidelines, properly prepared and tailored to your objectives.
  • Ensuring that your Articles of Association contain all necessary elements.
  • Make sure that the application is made in accordance with the requirements of the Commercial Companies Code. With the power of attorney you will have granted to us, on your behalf we will register your company at all Government institutions and offices required by law.
  • Applying for company tax and identification numbers.
  • Obtaining all necessary documents, permits and approvals.
  • Dealing with bank formalities connected with setting up of the company bank account.
  • Once completed the registration process, we will draw up all other corporate documents required by the Commercial Companies Code.

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Limited Company Set-up Service

Who is this Service for?

Depending on the type and size of the business that you are planning to set-up, a limited company can often be the appropriate choice – for the same reasons as are the case in your home country – flexibility and limited liability. Note that the bureaucracy associated with incorporating a company and ensuring tax and reporting compliance tend to be rather more complex than in the UK and other Anglo-Saxon jurisdictions.

What does this service consist of?

  • Ensure legal interests are protected, especially when creating a company with several partners.
  • Drawing-up a notarial contract according to your guidelines, properly prepared and tailored to your objectives.
  • Ensuring that your Articles of Association contain all necessary elements.
  • Make sure that the application is made in accordance with the requirements of the Commercial Companies Code. With the power of attorney you will have granted to us, on your behalf we will register your company at all Government institutions and offices required by law.
  • Applying for company tax and identification numbers.
  • Obtaining all necessary documents, permits and approvals.
  • Dealing with bank formalities connected with setting up of the company bank account.
  • Once completed the registration process, we will draw up all other corporate documents required by the Commercial Companies Code.

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us

Self-employed Set-Up Service

Who is this Service for?

This is the most inexpensive way to set up a business.

You will be self-employed and work within a simple structure implying little bureaucracy in which, basically, you are paid with the profits of your business. You will not be considered as an employee, and will have less social benefits than you would as a regular employee. You will be liable for any and all losses incurred by the business.

 

Self-Employed Set-Up & Tax Service

Your are focused on your business abroad which is why you need your tax and accounting matters to be as straightforward, cost-effective and hassle-free as possible.

Our English-speaking lawyers and accountants will take care of all registration and day-to-day issues relating to Spanish tax, social security and accounting matters. Which leaves you with all the time you need to dedicate to your business.

 

Our Experts

Our consultants are registered and regulated by the local Law Society and/or equivalent Accountancy body, and speak English fluently. Therefore, you can be sure that you will obtain timely answers to any queries you may have, in a language that you understand!

 

What does this Service Consist of?

Our English-speaking consultants will answer your questions about how local laws affect your business and then make sure you comply with local legal requirements relating to legally constituting a business. This will normally require at least some of the following services:

  • Registration with the the Local Tax Authority and the Social Security System
  • Help you to choose the right business name.
  • Business address (whether it will be only for correspondence or you will really make your business there).
  • Recommendation on the most appropriate fiscal arrangement to ensure taxation levels are optimised
  • Resolution of tax enquiries related to your professional activity
  • Completion and presentation of all required tax returns
  • Maintenance of all legally required records (income, expenses, invoicing,assets)
  • Updates on any legislative changes affecting your professional activity 
     

 

Service Fees

The fees start at €60 per month though may be higher depending on complexity

 
Additional Services

The Self-Employed Set-Up and Tax Service is ideal for an individual sole trader who is planning to work alone. But, should you later add employees to your expanding business then you will want to add the Fully Managed HR & Payroll Service:

 

Fully Managed HR & Payroll Service

This service includes the following components:

  • Initial Set-up according to client's requirements
  • Production of Employee Payslips (printed at client site)
  • Management & Payment of Employer & Employee Social Security Contributions
  • Registration and Removal of Employees from Social Security system
     

Fees to be determined according to numbers and/or additional complexities

Code of Reasonable Fees

Our clients can expect to receive a quotation that is at or below the recommended guideline prices by our local Professional Body.

Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your lawyer.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.
Contact Us
Send Your Enquiry
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