Harry A. Karatzas
Publisher
Business people around the world are very well aware that in order to successively realize an
investment, they need to get adequate and thorough legal support with a view to ensure that
their investment is legally shielded. Hence, foreign investors need to have access to accurate
information and receive to the point legal advice from long experienced legal professionals who
systematically read, interpret and apply the laws and regulations of the hosting country.
For business people looking for expansion, Cyprus is an excellent gateway -without any trade
barriers- to million of consumers in Southeast Europe and the Eastern Mediterranean. The country
offers vast business opportunities for investors, qualified workforce and efficient resources which
are needed to achieve long term business success.
There is no doubt that in order to overcome the economic crisis, suffering countries have
to intensify the efforts to improve their development model with special concern to improve
the environment for foreign investment and, at the same time, not losing sight of long-term
competitiveness fundamentals. Especially these days, foreign investments constitute the basic
route to exit from the insisting global financial crisis.
The Cyprus law Digest intends to serve as a one-stop reference guide, giving investors a
comprehensive tool to understand the Cyprus legal regulatory framework. Written by top
qualified and experienced Cypriots lawyers and legal counsels, this guide provides practical and
comprehensive legal advice on all the basic regulatory and legal aspects that an investment in
Cyprus may entail. Coverage includes the structure of the national judicial system, law concerns
in trade and business formations, legal matters related to various industries such as shipping,
technology, energy, tax law requirements, environmental concerns, employment and so many
other topics.
Cyprus Law Digest has been conceived and realised with a view to serve as a practical and
methodical guide on all legal aspects that investing in Cyprus may involve. To this I hope it will
serve its role.
I hereby want to express my gratitude to the
Minister of Commerce, Industry andTourismMr.
Neoklis Silikiotis
as well as to the
President of the Cyprus Chamber of Commerce & Industry
Mr. Phidias Pilides,
the
Chairman of the Board of CIPAMr. Christodoulos E. Angastiniotis
and
to the
President of the Cyprus Bar Association Mr. Doros Ioannides
for the great honor they all
made to Nomiki Bibliothiki by putting the Gyprus Law Digest under their auspices supporting us
thereby to the highest degree. I also thank them for the supportive and kind forewords with which
they provided this Work.
I would also like to extend my sincere thanks to the
Embassy
of the
Republic of Cyprus in
Athens
and express our special recognition and appreciation to
Mr. Loucas Symeonides -
Commercial Counsellor of the Embassy
whose considerate and kind interest and support
helped us completing this challenging project.