Share

1.         Mixed investments and a Donation to a state fund

(a) Receipts for the donations to the Research and Technology Fund

(b) Receipts from the Treasury of the Republic of Cyprus for the purchase of shares and/or bonds from the investment company of the State under formation.

2.         Direct Investments

(a) For the purchase of immovable property: Contract of Sale, Title Deeds/  Receipt for lodging the contract with the Lands and Surveys Department, Receipts for paying the agreed purchase price

(b) For the purchase of a business, company: Contract of Sale, Receipts for paying the agreed purchase price, Confirmation from the Registrar of Companies as to Shareholders.

(c) For the purchase of Shares: Share Certificates

(d) For the purchase of financial assets: Title/titles and other documents regarding the financial assets.

3.         Deposits in banks

(a) Confirmation from Cypriot banks as to the fixed term deposits for three years of the applicant or the companies in which he is the beneficiary owner or of the trust in which he is the beneficiary owner

(b) In the case of deposits of companies in which the applicant is the owner/ beneficiary owner, the Certificate of Registration of the Company by the Registrar of Companies and/or any other relevant evidence is to be attached.

4.         Business Activities

(a) Certificate of Registration of the Company (or companies) by the Registrar of Companies.

(b) Certificate of shareholders by the Registrar of Companies or certificates evidencing that he is the beneficiary owner of the company (or companies)

(c) Confirmation as to the amounts paid with regard to the purchase of business services. The confirmation is to be issued by the business service providers

(d) Audited Accounts of the company (or companies) for the last three years preceding the year of the application

(e) Confirmation from the Social Insurance Department as to the insurable income of the employees in the company (or companies) of the applicant.

5.         Impairment of deposits in the Bank of Cyprus and in the Popular Bank

(a) Confirmation as to the level and the time of the impairment of the deposits.

(b) In the case of deposits of companies in which the applicant is the beneficiary owner, the Certificate of Registration of the Company by the Registrar of Companies and/or any other evidence is to be attached.

None of the above affect the absolute discretion of the Council of Ministers in taking a Decision.

More Information

TORNARITIS LAW FIRM LLC        office(at)This email address is being protected from spambots. You need JavaScript enabled to view it.

Monday – Friday

8:00 – 19:30

Contact us

+357 22 456 056
+357 22 664 056

office@tornaritislaw.com

Follow us