EIONE VENTRURES LTD & RECLAR LTD JOINT VENTURE

Eione Ventrures LTD, a Cyprus bar member, is a law firm in Larnaca. Eione Ventrures LTD is one of the fastest-growing law firms with expert lawyers in Cyprus, providing legal services with extensive and expanding clientele, ranging from private individuals and international clients to global organizations.

In addition, we have developed a strong network of professional and reliable partners in Cyprus and abroad. We have partnered with financial advisors, international law firms and financial institutions, which enable us to act as one-stop legal firm and provide adequate and exhaustive legal advise to our clients. Moreover, we solve legal issues and we are keen in providing accurate and effective legal advice.

From 2019, Eione Ventrures LTD is the exclusive member for Cyprus of International Commercial Law Alliance (ICLA),a strategic group of law firms from around the world, ensuring servicing the needs of its clientele in more that 31 countries.

Corporate and Commercial Law regulate legal entities and the transactions that they enter in to, as well as the relations of its stakeholders. Creation and maintenance of corporate structures, whilst ensuring best results with all issues pertaining to business transactions.

The Legal system in Cyprus is based on the UK Common Law and offers a favorable tax regime through a number of double tax treaties and various tax incentives. In this sense the formation of a Cyprus company provides a great opportunity for exploitation of the EU as well as the global market.

Cyprus as a Member of the European Union is in line with international practices and has a simplified, effective and transparent tax system which is fully EU, OECD, FATF and FSF compliant. The banking sector in Cyprus offers retail and private banking services, thus able to assist every client to the highest level of confidentiality, expertise and professionalism.

Real estate market in Cyprus is ever growing, with countless development and construction projects all over the Island. The high demand for property in Cyprus has triggered construction of properties of all calibers, therefore providing the opportunity for each investor to find the most suitable property for them, ranging from the most luxury properties to affordable high worth properties.

We offer tailored-made solutions of high quality for specific needs to clients who develop, invest, own, lease, dispose or acquire all types of property. In addition to such we further may fully undertake the management of the given properties and aid to ensure the best possible return on investment.

Cyprus enjoys one of the lowest corporate taxes in Europe, being 12.5%. All Cyprus tax resident companies are taxed on their net profit accrued or derived from all chargeable sources in Cyprus and abroad, in order for a company to obtain the status of the Cyprus tax residency it must be managed and controlled in Cyprus. There are certain highly favorable exemptions from corporate tax subject to certain conditions, being: dividend income, interest income (excluding interest from the ordinary business), Foreign Exchange gains, gains from disposal of securities and gains from restructuring. As well as that Cyprus has a rather competitive VAT rate of 19% and numerous double tax treaties.