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Real Estate is one of the largest industries in Cyprus. Clients seek us out because we deliver the full range of services necessary to conceive, implement and complete significant projects. Papasavvas & Liskavidou LLC has developed a network of the best architects, engineers, and designers across the island.


We act on a wide range of residential schemes and commercial projects and to achieve the best for our clients, we work alongside with public and private stakeholders and understand every element of the local planning systems, including complex applications, compulsory acquisition, environmental impact assessment and enforcement.


To receive our portfolio projects and to implement of your complete design solutions please don’t hesitate to contact and share your thoughts about your future plans with our expert construction team info@eliteworldgroup.com


Trusts constitute an incredible legal vehicle for the protection of your assets and wealth. At flywitcorp, we assist you with choosing and structuring your Trust in a manner that best protects your interests.

As a legal vehicle, Trusts were introduced into English law in Medieval times and have been incorporated into the Cyprus legal system. A Trust Deeds is essentially a legal device whereby a person holds assets on behalf, and for, the benefit of another person, the beneficiary.

Trusts are generally used in two basic circumstances. The first is for Estate Planning reasons and the second is for Tax Planning Reasons. Further, Trusts are employed where a person is unable, due to physical or mental health reasons, to handle their assets, in order to protect assets, and for confidentiality reasons.

We have a long history, and great experience in the field of Trusts, having established and handled both Cyprus Trusts and International Trusts.

Our services on Trust law and related legal matters include the following:

  • Management of Trusts
  • Provision of Trustee and Fiduciary Services
  • Drafting Trust Deeds and Setting up the trusts
  • Advice on the appropriate type of Trust based on case-by-case circumstances
  • Advice to Trustees and beneficiaries regarding their rights and obligations under the Trust
  • Trust Litigation (Removal and Appointment of Trustees, Breach of Trust, Validity of Trust, etc.)

Taxation constitutes one of the core principles and undertakings of companies and is vital both to the legality of businesses, their smooth running, and the viability of a company.

Whether a conglomerate, or merely a company that has just set up business, choosing the most appropriate tax structure is vital for your business.

Cyprus Tax Planning

The Cypriot tax regime is one of the most friendly and advantageous tax schemes in Europe; corporate tax is currently at 12,5%, capital tax is at 0%, non-domiciled individuals are taxed at 0%, and Cyprus is a party to multiple Double-Tax treaties.

The Cyprus Tax regime thus renders Cyprus one of the most attractive destinations for carrying out business.

Our team of lawyers is experienced in taxation matters and is prepared to provide you with comprehensive guidance for Taxation Planning purposes. This is not to say that the regime is without intricacies, and our firm’s deep understanding of the Cypriot tax regime seeks to ensure the maximization of our clients’ tax benefits in accordance with their business goals.

We acknowledge that our clients require advice in a wide range of matters, and in order to provide the highest level of quality service to our clients looking for Tax Planning advice, we have established a high-calliber network with other professionals who possess the expert knowledge and experience to assist our clients with matters beyond legal matters or issues of legality.

Our Tax Planning advisory services include a range of matters:

  • Accounting Services
  • Representation in Tax disputes
  • Incorporation of Legal Entities
  • Establishment of subsidiaries and branches
  • Advice on appropriate corporate structure and potential adjustments
  • Advice on impending tax changes and measures that need to be taken accordingly
  • Advice on the appropriate vehicle and tax scheme for your business and business needs
  • Obtainment of Tax domicile status and obtainment of relevant exemptions and deductions

International Tax Planning

Taxation and the legal and regulatory regime governing taxes is complex, it is continuously under review, and subject to change. Tax issues arise in a number of projects and transactions like Mergers and Acquisitions, Company Group Structuring, International operations etc., thus making professional taxation advice of vital importance to any international business venture.

Our team of expert Taxation lawyers is here to advise you appropriately in order to achieve the minimization of your businesses’ tax burden, maximization of your profits, and adherence to international tax regulations.

Our tax experts can help you with International Tax Planning in the following ways:

International Tax Planning Advice

We can assist you with identifying efficient tax-structuring routes in order for you to reach your business objectives, maximise your profits an manage and reduce your tax liabilities.
Beyond business structures, we can also advise you on single projects or transactions, and the taxation elements contained therein.

Value Added Tax and other Accounting advice

Our Firm can also provide you with VAT advice, and other accounting advice in relation to your international business ventures.


Corporate Structuring and Restructuring

Tax Planning in cross-border structures, mergers and acquisitions etc., is a vital aspect of effective business planning. Our team possesses the know-how and is apt to provide expert practical advice on corporate tax.

Advice on interpreting and implementing Double Tax Treaties

We will explain and advise you on the implementation of international obligations under Double Tax Treaties, your liabilities thereunder, and measures for tax minimization.

Tax Disputes

Our experienced team of lawyers has a long record of successfully representing clients in International Tax disputes, and is here to help you solve any dispute you may be involved in.0


Real Estate is one of the largest industries in Cyprus. Our in-depth understanding of the area means that we will provide you with comprehensive advice, whether you require assistance with a conveyanicng transaction, or you are involved in dispute requiring litigation services.

Our Real Estate Service is divided into two main components, namely Conveyancing Transactions and Litigation.

Conveyancing Transactions

Our team of experts in the Conveyancing Department deal with a wide range of conveyancing matters, including but not limited to the following:

  • Leaseholds
  • Construction agreements
  • Sales and purchases of land
  • Blocked titled deed applications
  • Sales and purchases by assignment
  • Sale and purchase involving loans
  • Straightforward sales and surchases

Whatever the conveyancing matter you are dealing with, employing the help of an experienced lawyer is crucial for purposes of safeguarding your rights, and ensuring that the transaction runs smoothly, and without future unexpected events.

Our team of Conveyancing Lawyers will undertake all aspects of your Conveyancing transactions, from start to finish, and will conduct the following tasks:

  • Transfer of title deeds
  • Representation in Commercial Disputes
  • Liaising with utility authorities for connection purposes
    Drafting and reviewing relevant agreements like Sale Agreements, Leaseholds, and other agreements
  • Liaising with Tax Department, Capital Gains Tax department for purposes of minimizing potential tax liabilities
  • Conduct research at relevant authorities like the Land Registry, Town Planning Department etc., for potential encumbrances, charges, legal limitations, and any other potential hindrances
  • Assist with payment of relevant funds between parties through the opening of client account at Banks, or obtaining Power of Attorney for the handling of your private account for the duration of the transaction
  • Submission of relevant applications and supporting documents to various authorities like the Land Registry for purposes of Blocked Title Deed application or in case of Construction filing plans with the Town Planning Department

Our Firm’s philosophy centers upon the ultimate goal of achieving the best possible outcome for our clients, in the most time-effective and cost-effective manner.

Our priority is to achieve a successful and beneficial outcome for our clients, in the shortest time-period possible and inexpensively as possible.

We approach each of our clients’ cases on a unique basis and advise as to the best approach to be taken based on the specific circumstances surrounding each case.

With the above in mind, we go beyond the traditional route of Court proceedings and litigation for resolving disputes which our clients are involved in, but we rather employ a broader range of dispute resolution mechanisms, known as Alternative Dispute
Resolution, to reach the best outcome for our clients.

Our team of lawyers can assist you with any disputes using the following techniques:


Litigation proceedings comprise the traditional means of resolving any dispute, before a ‘Court of the Law’ whereby parties plead their cases, and a Judge makes the final decision based on the pleadings and relevant evidence.

Alternative Dispute Resolutions

This involves the employment of procedures like Arbitration, Conciliation, Mediation, and Negotiation. In Arbitration proceedings, it is an independent arbitrator who decides as to the outcome of a dispute. In the case of Mediation and Negotiation, the parties negotiate and reach a mutually agreed outcome with respect to their dispute.

We can undertake dispute resolution in a variety of areas including:

  • Logistics
  • Banking and Finance
  • Civil and Commercial Claims
  • Consumer Goods and Services
  • Personal Injury and Negligence
  • Employment and Workplace disputes

The Financial Services sector is one that is subject to an immense volume of complex legal and policy regulation

From banks and other financial institutions, to insurers and asset managers, the financial sector is under strict regulatory policies.

This makes specialised knowledge of the regime governing this sector indispensable to successfully and seamlessly navigating the industry.

We have great experience in Financial Regulation, representing and assisting a range of clients, like insurance companies, investment firms, fund managers, and Fintech businesses.

Hence, our team of lawyers possess the expert knowledge and experience to assist you with all aspects pertaining to Financial Services and Regulation.

Our Financial Services and Regulation team can asst you in two main manners, namely with respect to ensuring compliance with Regulation and with handling specific projects.



Our lawyers can assist you with ensuring compliance with the relevant law and regulations governing banks and with respect to Investment:

  • Advice on imple0mentation of Banking Law, Financial Leasing law and other legal isntruments
  • Compliance with the directives and guidelines of the Central Bank of Cyprus and other regulatory instruments
  • Implementation and compliance with EU Banking directives
  • Assistance or undertaking of reporting obligations


Investment and Capital Markets

  • Assistance with contingency planning arrangements
  • Establishing of Alternative Investment Funds (AIF) Establishing of Cyprus Investments Funds (CIF) Forex Companies

Business Structuring


We offer specialist advice to our clients on business structuring, meaning the implementation of structures within the company to create an environment which is effective, and which complies with all commercial and tax liabilities.

Our expert team of lawyers can assist you in the following manner:

  • Assist with corporate structuring and restructuring
  • Establishment of corporate governance structures
  • Drafting company leases and other commercial agreements
  • Establishment of due diligence processes and compliance mechanisms
  • Provision of accounting, auditing, payroll, and other services, or establishment of an in-house department for these purposes
  • Advice and assistance with the establishment of branches and headquarters, and allocating personnel appropriately for tax optimisation purposes
  • Assistance with registration at all relevant departments, authorities, and utilities, and the preparation and filing of relevant applications and documents

Audit & Advisory Services


Auditing is vital for businesses since firstly it ensures a business’ credibility, and secondly in case of companies such as listed companies, it is necessary for securing investors’ trust and confidence in the business.

Auditing is also an important internal tool for businesses, as it allows businesses to identify financial deficiencies, and establish processes and controls for better decision making.
Furthermore, companies face strict financial auditing obligations; it is a legal requirement that companies’ finances are audited by external/independent auditors and subsequently submitted to the relevant, appropriate authorities for examination.

Our firm cooperates with several firms who are able to audit your accounts, and also ensure that your company complies with legal auditing obligations.

Our associates can assist you in the following manner:

  • Conduct quarterly reviews of your business’ finances
  • Conduct investigations pertaining to suspected theft and/or fraud
  • Provide you with accounting services (VAT and other payable taxes)
  • Audit your company’s accounts, and file Audited Financial Statements with the relevant authorities
  • Identify financial deficiencies, and establish processes for the reduction of costs, and for profit maximization

In the globalized and technological world, we live in today, protecting your Intellectual Property rights is crucial.

According to Article 2 (viii) of the Global Intellectual Property Convention 1968, “Intellectual Property” includes literary, artistic and scientific works (copyright); performances of performing artists, phonograms and broadcasts (copyright); inventions in all fields of human endeavour (patents); Scientific discoveries (patents); Industrial Designs (Industrial Designs); Trademarks, service marks and commercial names and designations (Trademarks); Protection against unfair competition; and all other rights resulting from intellectual activity in the industrial, scientific, literary or artistic fields.

One of the most important aspects of IP in commerce is the ‘Trademark’.
Trademarks, like commercial names, graphics, designations etc., comprise a kind of Intellectual Property the legal protection of which is vital in Commerce.

From a business standpoint, registering a trademark is an extremely important branding step to take, as trademarks are distinctly linked to companies.

Registering a trademark results in having exclusive rights of use of the relevant trademark.
In practical terms, this means that by registering your trademark, as the owner of it, you hold all rights to the trademark and can bring legal action against anyone that has unlawfully used it

We provide you with comprehensive services covering all types of IP, like copyrights, licensing technology, patents and trademarks.
Our lawyers offer professional advice that meets the specific needs of your company and which relate to the commercial sector within which you operate. Our teams can also handle your application for registering a trademark from start to end.

Our firm can assist you with the following:

  • Infringement services
  • Litigation relating to IP rights
  • Registering IP and trademarks locally and in Europe
  • Consulting and advising in relation to licensing, franchising etc.
  • Registering and protecting your IP, inlcuding trademarks, commercial names etc.,

The Cyprus Immigration Regime is wide and diverse, meaning that a number of people can immigrate to Cyprus.

The Cypriot Government, subject to the fulfillment of the relevant governmental and regulatory requirements, grants various forms of immigration permits to both European and Third-Country Nationals like permanent or temporary residency permits, employment permits, work, and, study visas and others.

Cyprus also has a comprehensive Citizenship scheme, granting Citizenship through various routes like on the basis of years of residency, marriage with a Cypriot national etc.

Whether you intend to immigrate to Cyprus for work or study purposes, are looking for permanent or temporary residency, or any other kind of permit, the expert members of our Immigration Department possess the knowledge and skills to successfully handle your case.

Whatever your specific situation, we will assist you with the fulfilment of the requirements, gathering the relevant paperwork, filing and tracking the progress of your application.

Our areas of work include the following:

Citizenship Applications

People can apply for residency in Cyprus on a number of bases, like for example on the basis of Naturalization based on the number of years living in Cyprus, Acquisition of Citizenship as the spouse of a Cypriot national, acquisition of citizenship as parent or child of a Cypriot national.


Permanent Residency Permit for Non-EU Nationals

Non-EU Nationals can apply for a Permanent Residency Permit in two manners. The first is a faster, but more expensive route and the second is a slower but more inexpensive manner. The common basic requirement for both is the purchase of a permanent residence in Cyprus.


Temporary Residency Permit for Non-European Citizens

Non-EU nationals unwilling to purchase property or reside permanently in Cyprus may apply for a temporary residency permit. Once issues, this is valid for a year with the option of renewal upon expiry. Unlike in the case of permanent residency applications, the applicant’s physical presence is required upon submission.


Work Permit for Non-EU nationals

Work permits can be obtained through 3 different Ministries, namely the Ministry of Interior, Labour, and the Civil Registry Department. Non-EU citizens can work either as self-employed or as employees at a Cyprus Company of Foreign Interest or other.


Domestic Workers

Domestic workers may apply under the various occupational categories designated by the relevant legislation, and obtain a residency permit.


British Nationals

Upon completion of the Brexit process, British nationals will lose the right to freely reside and work in Cyprus and must now apply for a residency permit.

Apostolou Pavlou 16, 2nd floor, 8046 Paphos, Cyprus.

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