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Archive for the ‘Cyprus Lawyers’ Category

Cyprus Lawyers – Studies – Buy-to Let Scheme- completed on 27th February 2011. http://www.lawcyprus.org/

To combat the economies financial unrest and help give first time buyers a chance to get on the mortgage ladder in Cyprus a new concept has been introduced called ‘Rent to Buy’ scheme.

Currently to be able to buy property in Cyprus you must have 30% deposit plus solicitors fees, it is virtually impossible in these times of unrest to even acquire a small loan without 2 Cypriot guarantees.

The Rent-to-Buy scheme allows buyers to choose a property, put only a 5% deposit down and live in the property!  The buyer can live in the property for 5 years paying rent of which will then be deducted from the original sale price.

There are advantages for the buyer and the seller.  The buyer has 5 years to get the rest of the deposit together and get all their finances in order, while also paying some of the cost off the sale price.  The seller can use the rent money to pay the mortgage and is also exempt from capital gains tax and other expenses.

At the moment this is only available on certain properties making investment limited and maybe not what the buyer really wants but it is an affordable way to get on the property ladder especially for the young and first time buyers.

The recent economic crisis has forced many schemes to come in to action to try and keep the markets moving.  We have seen Fractional Ownership, Self Invested Personal Pensions, Recovery Scheme and now the Rent-to-Buy scheme.

Each concept has had its fair share of criticism but all seem to be keeping the markets moving.  We are yet to see where the Rent-To-Buy scheme will rate along side the rest of the schemes, but we will certainly investigate further and let our readers know our honest thoughts on the matter.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 27TH FEBRUARY 2011. http://www.lawcyprus.org/

Lawyers in Cyprus – Studies – Drug Strategy – Completed on 8^th March 2011.

About to be discussed in the House of Parliament is the decriminalization of narcotics.

This is a very controversial subject that that has been discussed many times on other countries but has never come to fruition.  There are too many arguments for and against for any agreement ever to be made.

It is zero tolerance in Cyprus with regards to drugs, but realistically that means nothing to drug addicts or to the drug dealers. In fact most countries are zero tolerance but it does not and never will stop the drugs.

If a drug addict wants drugs he will get them by hook or by crook and there will always be a drug dealer to give a help in hand.

We have been very lucky in Cyprus if you compare to places like the UK and the USA just for example.  Drugs in these countries are rife, which in return leads to drug houses, prostitution, gangs and gun crime, even murder is a common occurrence and nothing out of the ordinary now.

If you look at the issue no matter how much energy, time and money the police put in to the drug issue, it has not worked, it does not work and it never will work.  The UK and USA are prime examples of this.

We do not condone drugs, it is a very sad and painful path to follow, not just for the drug addict but for their families and also for the people they will inevitably end up committing a crime against to feed their habit.

However, putting the drug dealers out of business would be a rejoiceful day! They pray on the weak, they make money of ruining people’s lives and the money they make either fund other criminal activities or help them live a very luxurious life.

Decriminalizing drugs would take this power away from the drug dealer and the drug user would be more protected and are not supported, when they could be receiving proper treatment.

It is a good time to look at the drug issue in Cyprus, as this issue although on the rise is still quite tame so to address the issue now would be perfect before it does get out of hand and many drug deaths and crime become a lot more apparent.

For this strategy to work however there must be major preparation, education, adequate facilities and fully trained staff in each area to be able to deal with this sensitive procedure.

Many will agree and disagree on this subject but if nothing we have done already has worked maybe it really is time for a change of tactics.

Tell us your views on this subject we know many of you will have very strong ones!

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 8^TH MARCH 2011 http://www.lawcyprus.org/

Prepared by N.Pirilides & Associates LLC Cyprus Lawyers - Healthcare for EU citizens permanently residing in Cyprus

Healthcare in Cyprus can be provided, just like in most countries of the world, either privately by paying a private doctor or clinic or publically, by paying governmental medical institutions and doctors.

To obtain healthcare from governmental institutions for free or by paying reduced medical fees, one needs to obtain a specific medical card. To apply for the said medical card, you must either be a Cypriot citizen or an EU citizen who resides permanently in the Republic of Cyprus. According to the relevant law, permanent residency for healthcare purposes, can be obtained via a minimum of a continuous 3-year stay in Cyprus and with an at least 150 days stay within the Republic in each year. In practice, a Registration Certificate (the so called “yellow slip”) accompanied by other relevant documents will suffice and the whole process might thus be approved at a period earlier than the 3 years.

The aforementioned medical card application must be filed in the Citizens Service Centers.

Another important criterion for obtaining the medical card, is that one of the following must be met:

There are two types of medical cards in Cyprus, Card A and Card B:

Medical Card A (pink card – free medical care) is issued to the following persons:

(a)   Persons without dependants whose annual income does not exceed €15,377.41.

(b)   Members of a family whose annual income does not exceed  € 30,754.83 increased by €1,708.60 for each dependant child.

(c)    Members of a family with four or more children.

(d)   Enslaved persons and members of their families.

Medical Card B (blue card – treatment at reduced fees) is issued to the following persons:

(a)   Persons without dependants whose annual income exceeds €15,377.41 but not €20,503.22.

(b)   Members of a family whose annual income exceeds the amount of €30,754.83, but does not exceed the amount of € 37,589.23, increased by € 1,708.60 for each dependant child.

Certainly, in cases of serious or congenital diseases the abovementioned income criteria do not apply and healthcare is provided irrespective to the above.

We provide all relevant legal assistance & consultation. For more information please do not hesitate to contact us!

Prepared by N.Pirilides & Associates LLC Cyprus Lawyers - Healthcare for EU citizens permanently residing in Cyprus – http://www.pirilides.com/

Cypriot Lawyers – Help and information on How To Get Title Deeds in Cyprus.

Fact is, A&G Kouzali Law Office is renowned for their fight for Title Deed Reform in Cyprus. Therefore, if you are looking for quality and expert advice on Cyprus Title Deeds A&G Kouzali Law Firm in Paralimni Cyprus are the right Legal Representatives for you. No matter of your query or type of service you require we will assist you. Whether it be advice or a lawsuit we are the best company to deal with your case.

Read more – How To Get Title Deeds in Cyprus.