Legal Opinion in Cyprus, in fact, is a detailed consultation in writing, which relates to a specific subject or field of activity of the customer of a legal opinion. A legal opinion in Cyprus is the best way to confirm or challenge the facts regarding you or your company in this jurisdiction.
The preparation of this document is carried out only at the request of the client and solely in his interests. A legal opinion is issued only to one party to the transaction (issuance to both parties at the same time is not possible, since the document is aimed at ensuring the benefit of a particular person).
Key areas of application of legal opinion in Cyprus
Currently, the main direction for foreign investment in the economy of Cyprus is real estate. Due to the tourist attractiveness and favorable economic situation, the annual volume of investments from abroad is constantly increasing. But when buying any structure, there is a chance that you will receive a building that does not meet the required safety parameters and building codes. And this, in turn, will lead to various fines and other sanctions by the regulatory authorities of Cyprus.
And it is precisely in order to reduce the risks when buying a particular real estate, foreign investors are urged to order a legal opinion. This operation will make it possible to understand whether the documents prepared by the other party to the transaction really correspond to the current state of affairs and the norms of international and local law.
It is worth mentioning that the legal opinion legally confirms or denies the fact of conducting certain activities of the company, which is important for regulatory authorities of other countries, as well as banking and financial institutions. In particular, acquiring banks may require the provision of a legal opinion to confirm the fact of trading in certain goods / conducting certain activities or its absence.
We also want to emphasize that the legal opinion, in fact, is a supporting document of your company in front of other legal entities or individuals. Moreover, this legal opinion certifies the presence or absence of a right.
Hadjivangeli & Partners LLC offers you qualified assistance in drafting a legal opinion in Cyprus (as well as in other countries of Europe and the world). With our help, you will avoid all risks and ensure the growth of your investment in the economy of Cyprus.
We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.