Legal System

The legal system in Cyprus is mainly based on the Anglo-Saxon legal system.

The Land Registry Department in Cyprus is one of the most advanced and reliable systems in the world. All contracts and other paper work is in English, which is the most widely spoken language besides Greek among Cypriots. Purchasers of property in Cyprus will therefore be far more secure with regard to their title deeds, than they might be in another country.

Furthermore legal fees/costs are reasonable and much lower than in other European countries.

Banking System

The banking system in Cyprus closely follows the British pattern and is well developed and organized whilst being equipped with the latest technology in modern surroundings.

Non-Cypriot citizens have the privilege to open foreign currency and local deposit accounts very easily.

Many Cypriot Banks have branches throughout the world. International Banks also have branches throughout the island for the convenience of their customers, with major credit cards like Visa, Diners, American Express being widely used.

Cyprus Banks offer flexible housing loans in foreign currency to suit a client’s needs.