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The relevant law dealing with Cyprus’s corporate law is the Cyprus Companies Law, cap. 113. This code is actually an almost identical adoption of the English Companies Act of 1948. As a matter of fact, the English Act has been identically adopted at first, and only later has been modified to a certain extent. The main modifications are attempting to homogenize the Cyprus law and the European Union law. Therefore, the Cyprus corporate code has both European-Continental and English-Common Law characteristics.
Is it possible to make the share transfer only with the request of the perpetrated without the appearance or approval of the transferee for the transfer?
A foreign business men arrived to Romania and was offered a "once of a life time deal"- instead of money the company will pay him with shares of another company that the company holds in part.
According to the Emergency Ordinance 200/2008 issued by the Romanian Government, the individuals (unmarried or family) may benefit of a reduced rate of VAT of 5% on the purchase of a single home in such conditions regarding the tax, only if they cumulatively meet the following conditions:
If the lease is intermediated by a real estate agency, the tenant shall negotiate with the agency a fixed fee, not a percentage of the rent price.
Criteria for determining the value of the child’s support for the minor child resulted from marriage
At present, in Romania cannot be concluded prenuptial agreements, because ”there is no legal basis”. Therefore, under the current law, such an agreement is considered void.
Romania and Israel have concluded on June 15, 1997, the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Romania si Statul Israel au incheiat la data de 15 iunie 1997 Conventia pentru evitarea dublei impuneri si prevenirea evaziunii fiscale cu privire la impozitele pe venit.
Romania and Bulgaria have concluded on June 1, 1994 the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital.
Under the laws of Romania, the inheritance procedure (respectively the transfer of the property of a deceased person to his heirs), can be done in front of the Notary Public or by the court.
Extradition is a form of international judicial cooperation in criminal matters, consisting in the procedure by which a sovereign state )state) agrees to surrender to another State (the requesting state) a person within its territory and who is being prosecuted or sent to court for a criminal offence or is wanted for execution of a sentence in the requesting State. Extradition has the purpose to avoid circumvention of the criminal liability of persons who have committed a crime in one state and refuge on the territory of another state.
The transferee must not hold the position of a sole shareholder in other limited liability Romanian company, in case he wants to acquire all the shares of a limited liability company, becoming its sole shareholder.
Romanian passport may be obtained by anyone who is a Romanian citizen. According to the Law 21/1991 regarding the Romanian citizenship, Romanian citiznship can be acquired by: 1. birth 2. adoption 3. granted at the applicant’s request, in compliance with the dispositions of the Romanian law. 1. Aquiring Romanian citizenship by birth There are Romanian citizens those who were born in Romania and their parents are Romanian citizens. There are also Romanian citizens those who: a.) were born on the territory of the Romanian stat
The program "First House" is one of measures anti-crisis initiated by the Romanian Government to support certain business sectors, aiming to encourage the granting of bank loans, the construction activity, with effects on economic growth and on creating new jobs and facilitate access of individuals to the acquisition of residential houses.
Under the laws of Romania, the co-ownership can cease by voluntary partition, or, in case the parties do not come to an agreement, by judicial partition, when the court decides upon the division of common property between the co-owners.
In accordance with the laws of Romania, in order to erase a limited liability company from the Trade Register, there must be completed three stages:
Romania is a country which has vast opportunities in the real estate field.
