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Lawyers in Cyprus – Review – SNK Administration- completed on 4^th February 2010.

CYPRUS LAWYERS VERY PROUD  OF PROGRESSION ON SNK DEVELOPMENTS

Since our Lawyers Office in Cyprus took over the Administration for SNK Developers on 10th August 2009, we have worked non stop on getting the SNK projects finished. 

Our Administration Executive first of all, collected all documents which must be said were in no order and it took quite a while to sort them all out.  Once all the documents were in order we had to go through each one to find out what they were and where each case stood.

After extensive study and review we started the procedure for the Final Building Permit on Elena Phase 1. We found a lot of difficulties but with just 1 document pending the permit will be issued in the very near future. The license has been paid and we expect the document within days.

Our Administration Executives main responsibilities are dealing with new client contracts, cancellation contracts for swapped properties, dealing with water, electric and licensing authorities, dealing with the banks for mortgages, and the overall administration account and payments.

The projects we have been working over time to finish are Elena Gardens Phase 1,2,3 and the Dinos project of which there are only now 2 properties left for sale.

We have organized the construction of the properties and roads.  We have paid the electric and water authorities to supply the developments, along with the necessary paperwork for licences and building permits etc.

Elena Gardens Phase 1 is ready for completion and is awaiting power of which will be supplied within a few days.

We are very proud of our efforts and progression regarding the SNK Administration and developments.  Our Administration Executive works to the highest standard and we would like to congratulate her for an excellent job.

For more information on this matter visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 4^th February 2010.

Lawyers in Cyprus – Studies – Fractional Ownership –completed on 27^th January 2010.

CYPRUS LAWYERS REVIEW OVERSEAS FRACTIONAL OWNERSHIP

 Fractional Ownership has been around for many years but it hasn’t taken off as well as expected.  It is believed that this is due to lack of education and marketing.  For those of you who are not aware of Fractional Ownership it actually means what it says.  You own a fraction of a property.

In brief, you can purchase 25% of a fractional property with a view to later buying a higher percentage if so required.  You have 12 weeks of the year to holiday on a flexible calendar and you have no need to worry about rentals or upkeep of the property for the rest of the year.  This is a way of owning a property but only paying a quarter of the price.

The majority of holiday makers buy property and only spend a small amount of time there, with the rest of the time available for rentals, but in the current global financial situation many of these properties are not achieving the maximum rental potential.

You can sell your 25% share at any time it is the same procedure as buying a normal property.  The legal procedure is the same as in you will require an Independent Solicitor and a Contract of Sale will be safely in place.

We can provide professional legal assistance in this area and we recommend fractional ownership as a way of getting on the property ladder and saving money at the same time.

For more information contact our office where a trained member of staff will be able to advise you further. www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 27^th JANUARY 2010.

Lawyers in Cyprus – Review – Orams Defence – Completed on 19^th December 2009.

CYPRUS LAWYERS ANALYZE ORAMS ARGUMENTS

After further review from our International Property Lawyers Office in Cyprus, of the Orams case regarding the purchase of property on the Northern Occupied area of Cyprus, rightfully owned by Greek Cypriots before the 1974 Turkish invasion. Advocates have been arguing their case in the London Court of Appeal in order to have the original ruling by the Nicosia Court overturned.

One of the arguments put forward in court by Cheri Blair one of the advocates of the Orams counsel alleged that Mr Vassilios Skouris who is currently President of the European Court of Justice, has associations with certain Greek Cypriot officials and therefore cannot possibly submit an unbiased decision advising the UK Court on this case. 

Further arguments from the Orams counsel said that individual claims should not proceed but should be considered by the politicians who are working to find a solution to the political situation and should be taken in to account and considered as part of a solution when one is found.

It was also argued that while Greek Cypriots are claiming for property in the occupied area there is no system available to the Turkish Cypriots who also owned property in the Republic of Cyprus before 1974. And in reality, if the Nicosia ruling is upheld it will affect thousands of people not just Turkish Cypriots but many UK and foreign nationals.

Another issue argued was that these claims could in fact put great peril on peace talks currently in progress for a solution being found to the long running and on going political situation in Cyprus.

A decision is waiting to be heard from the London Court of Appeal.

Visit us at www.lawcyprus.org we fully support all Greek nationals claiming property in the Turkish occupied Northern part of Cyprus.

Published by A&G Kouzali law office on the 19^th December 2009. 

Lawyers in Cyprus – Review – Orams Defence – Completed on 19^th December 2009.

After further review from our International Property Lawyers Office in Cyprus, of the Orams case regarding the purchase of property on the Northern Occupied area of Cyprus, rightfully owned by Greek Cypriots before the 1974 Turkish invasion. Advocates have been arguing their case in the London Court of Appeal in order to have the original ruling by the Nicosia Court overturned.

One of the arguments put forward in court by Cheri Blair one of the advocates of the Orams counsel alleged that Mr Vassilios Skouris who is currently President of the European Court of Justice, has associations with certain Greek Cypriot officials and therefore cannot possibly submit an unbiased decision advising the UK Court on this case. 

Further arguments from the Orams counsel said that individual claims should not proceed but should be considered by the politicians who are working to find a solution to the political situation and should be taken in to account and considered as part of a solution when one is found.

It was also argued that while Greek Cypriots are claiming for property in the occupied area there is no system available to the Turkish Cypriots who also owned property in the Republic of Cyprus before 1974. And in reality, if the Nicosia ruling is upheld it will affect thousands of people not just Turkish Cypriots but many UK and foreign nationals.

Another issue argued was that these claims could in fact put great peril on peace talks currently in progress for a solution being found to the long running and on going political situation in Cyprus.

A decision is waiting to be heard from the London Court of Appeal.

Visit us at www.lawcyprus.org we fully support all Greek nationals claiming property in the Turkish occupied Northern part of Cyprus.

Published by A&G Kouzali law office on the 19^th December 2009.

Lawyers in Cyprus – Studies – Russians in Cyprus – Completed on 19^TH December 2009.

CYPRUS LAWYERS ANALYZE RUSSIAN NATIONALS SNAPPING UP BARGAIN PROPERTIES IN CYPRUS

After reviewing the Global Property Market it seems Russian Buyers are favouring Cyprus and jumping in on the low property prices, forced by the current global financial situation.  Adding to this, there are several other reasons for the Russian Nationals snapping up bargain property in Cyprus.

For many years Cyprus has retained affable relations with the Country of Russia.  Both countries pay homage to the Orthodox Religion with the town of limassol in Cyprus, actually possessing a Russian Church, and accommodating Russian schools.  For these reasons Russian Nationals feel at home this accentuates the harmonious relationship.

In Addition, there are many scheduled flights coming and going from Cyprus to Russia.  Plus Cyprus also benefits from the Double Taxation Treaty and with such low taxation policies it is too tempting not to invest in Cyprus.

It has been reported that many Russian Nationals withdrew their cash savings from the bank. This was due to the financial turmoil and feeling their money was not sufficiently protected and alternatively, invested in property.  Once upon a time it was only the wealthy Russian Nationals buying overseas property however, more recently mid- income buyers are jumping on the property ladder while the going is good. The British are still the main buyers of Cyprus property with the Russians slowly creeping up behind them. 

There are numerous new developments going on in Cyprus right now, especially with the new Airports in Paphos and Larnaca, and property developments surrounding Larnaca Port.  Not forgetting property developments surrounding the new Marinas and Golf Courses, it really is an exciting time to be involved in the Cyprus Property Market. The bargain investments are countless.  

We advised local and overseas buyers to research all developers and only use independent and reputable agents and Law Firms when purchasing property in Cyprus.

A&G Kouzali Law Office supports all Russian nationals looking to buy property in Cyprus.

Visit us at www.lawcyprus.org PUBLISHED BY A&F KOUZALI LAW OFFICE ON 19^TH DECEMBER 2009.

Lawyers in Cyprus – Review – Cyprus Will – Completed on 4^th February 2010.

CYPRUS LAWYERS ADVISE TO MAKE YOUR CYPRUS WILL

Making a Will in Cyprus could not be simpler.  However, it is a vital deed that many people both local and foreign neglect to do.  Resulting in assets intended for their loved ones, unfortunately being dictated under the Cyprus Law and granted to other parties.  Thus, leaving intended loved ones financially deprived at a time they are most vulnerable.

Under Cyprus Law and when there is no Cyprus Will to administer, a certain amount will consequentially bequeath to the spouse and the rest will be divided between the children and other relatives. It will not automatically be passed to the spouse or the children solely.

Here at A&G Kouzali Law Office, International Property Lawyers based in Paralimni Cyprus, are trained staff who specialize in this area. We will advise you on how to deal with your assets, as well as assist in the preparation of your Will and the Creation of Trusts. We can also act as executor and administrator of the deceased estate.

All members of staff at A&G Kouzali Law Office have extensive experience and impressive levels of skill, along with up to date knowledge on all new developments of the Law.

We strongly advise all persons to invest in a Cyprus Will and protect the people you love for that inevitable time when they will need help the most.

Visit us for further information at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 4^th FEBRUARY 2010.

Paralimni Legal Consultants – Review – Office Achievement on 16^th January 2010.

CYPRUS LEGAL CONSULTANATS REGISTER FIRST EVER CHURCH IN CYPRUS

We are very proud to announce that A&G Kouzali Legal Consultants in Paralimni Cyprus have successfully achieved to register Larnaca Community Church. Larnaca Community Church is the first Church to be registered in Cyprus and this is major progression for our wonderful island.

We feel ecstatic that our hard work has paid off and we are so very proud that we have succeeded in finalizing this registration.

We felt it was out duty to prove to the world that our country accepts all nationals and religions. Our magical island of Cyprus does not discriminate, which is why we paid so much attention to this case.

Just to experience the happiness our clients felt for our achievement was all we could of asked for.

We would like to give a special thank you to all the staff at the Ministry of Interior and also a special thank you to the Executive of the Communities and Associations for their full co-operation and continuous support. Thank You so much.

We will continue to offer our full support and services on issues detrimental in helping Cyprus become perfect in all aspects of island living.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON … JANUARY 2010. 

Paralimni Legal Consultants – Review – Office Achievement on 16^th January 2010.

We are very proud to announce that A&G Kouzali Legal Consultants in Paralimni Cyprus have successfully achieved to register Larnaca Community Church. Larnaca Community Church is the first Church to be registered in Cyprus and this is major progression for our wonderful island.

We feel ecstatic that our hard work has paid off and we are so very proud that we have succeeded in finalizing this registration.

We felt it was out duty to prove to the world that our country accepts all nationals and religions. Our magical island of Cyprus does not discriminate, which is why we paid so much attention to this case.

Just to experience the happiness our clients felt for our achievement was all we could of asked for.

We would like to give a special thank you to all the staff at the Ministry of Interior and also a special thank you to the Executive of the Communities and Associations for their full co-operation and continuous support. Thank You so much.

We will continue to offer our full support and services on issues detrimental in helping Cyprus become perfect in all aspects of island living.

Visit us at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON … JANUARY 2010.

Cyprus Lawyers – Review – 6 % Donation Claim completed on 18^th January 2010 –  Cyprus Property.

We would like to take this opportunity to advise our clients on the procedure for claiming 10% donation on property in Cyprus and the restrictions that apply also. This procedure was previously known as the VAT refund.

Purchasers of properties in Cyprus can apply for the donation of approximately 6 % of the Cyprus property value, as per the land registered contract.

Relevant forms must be filled in and signed from the property purchaser, the developer and also from the architect of the specific project.  They must then be sent to the Department of Donations which is part of the Cyprus Ministry of Finance.

In order to proceed with the claim for 6 % of the property value, you should acknowledge that there are some restrictions and they are as follows:

1. Only European Citizens are allowed to apply for the donation or Non European Citizens who permanently lives in Cyprus.
2. The applicant must be 18+ years old.
3. The square meters of the house/apartment must be up to 250 square meters.
4. The house/apartment must be the first property of the Purchaser and it must be used for ownership-occupancy.
5. The application for the planning permit must been deposited after the 1^st of May 2004.

Also, you should attach with the application the documents below:

1. Copy of Planning Permit application
2. Copy of Planning Permit and Building Permit
3. Copy of the contract of sale
4. Water or Electricity bill which will be used as evidence for your ownership-occupancy.
5. Copy of  ID card or Passport
6. For married people, Marriage Certificate

Within approximately a month from the receipt of the above documents you will receive a letter from the Department of Donations, to inform you as to whether your application was approved.

A&G Kouzali Law Office provides a full service for this procedure. If you would like further information visit our website at www.lawcyprus.org

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 18th JANUARY 2010.

The Cypriot Lawfirm;  A & G Kouzali Law Office, based in Paralimni Cyprus has recently had their year end meeting reviewing all aspects of the working year of 2009. Issues were identified with the way we serve our distinguished clients, associates and our colleagues. 

In order to remedy these issues the lawyers in Paralimni, have implemented several new policies within the office to ensure that our clients and associates continue to receive the highest level of customer service.

Since the 1^st of January 2010, one of the new polices which have been implemented is that all telephone calls received before 4pm Cyprus time will be returned within the day. Any calls received after 4pm will be returned the following working day.

To ensure that this policy is upheld, the Lawyers in Cyprus have agreed that no meetings will take place at the office after 4pm, unless it is urgent and / or inconvenient to meet at another time.

If you have any questions regarding our new office policy please feel free to contact us by telephone on 00357 23811788, by fax on 00 357 23811789 or by email on lawfirm@cytanet.com.cy

Published 20^th January 2010 by A & G Kouzali Law Office.

Mr. Giovannis Kouzali is one of the most respected Cyprus Lawyers in Paralimni Cyprus, and has great interest and involvement in the Famous Parthenon Marbles. These marbles are sculptures that were single handily chiseled on to the Parthenon Temple, which was situated on the Acropolis, Athens. There were 3 types of carvings each hand crafted for the Temple.

The Metopes were carvings hand crafted directly, high up on the four outside walls of the Temple. Each side had a different mythical theme but each carving was individual. In all there were 92 sculptures, 32 on the front and back and 14 on each side.

The pediment Statues, were individual statues placed at each side of the Temple and each statue represented a different legend. However, the most magnificent piece in the Temple was the statue of Goddess Athena, which stood 40 feet tall inside the Temple. Unfortunately, the Goddess of Athena statue did not survive the ancient times.

The Frieze was a long extended monument of approximately 534 feet in length and consisting of 115 different panels. Presented on the frieze was the parade to the Temple, on the day of the Panathenaic Festival.

The Turkish military raided and took control of the Temple.  During their occupation The English Earl of Elgin, plundered the Temple and removed as many sculptures as he possibly could from the walls, grounds and inside the Temple. They were then sold to the English Authorities.  

At least half of the Parthenon sculptures are standing in the British museum and the other half in Athens. However, the Greek Government are negotiating this issue with the British Government as it is widely believed that the Parthenon Marbles should be placed all together and returned to their rightful home of Acropolis, Athens.

A & G Kouzali Cyprus Lawyers based in Paralimni, Cyprus fully support the return of the Marbles back to Athens.

PUBLISHED BY A&G KOUZALIS LAW OFFICE ON 12th DECEMBER 2009