The economic crisis in Europe and the recent very favourable requirements for the acquisition of permanent residency and nationality introduced by the government of Cyprus and Greece attracted the attention of a lot of wealthy individuals mainly from China, Russia and US. Both Cyprus and Greece nowadays are offering excellent opportunities for investments in real estate and other sectors and at the same time they offer the best options for the acquisition of residency and nationality. Also the recent discovery of huge residues of oil and Gas in Cyprus triggered a lot of attention worldwide and already a lot of big international companies are investing in this sector.
Acquisition of Visa and Residence Permit in Greece by Financially Independent Persons
According to the new Immigration and Social Integration, the Greek government gives the favourable option to third-country nationals to issue a residence permit in Greece on the basis that they are financially independent persons.
As of 1 May 2004, Cyprus , together with nine other countries, has been a full member of the European Community. Cypriots have always viewed the island's accession as a tool for solving our political problem, thus failing to focus on the positive legal implications that it will create by conferring rights upon individuals.
The importance of Community law is that it gives rights to individuals, which they can enforce, before national courts.
This opens new doors for both the people of Cyprus and people from abroad who are interested in doing business with or within Cyprus. The responsibility lies with Cypriot legal practitioners to master European law well so that they serve the interests of their clients in the best possible way.
Further to the lifting to all the restrictions regarding the establishment of companies by EU citizens, the Cyprus government, through its Council of Ministers has now also approved a total liberalization of the policy governing direct investment by foreigners in Cyprus.
Thus, as of 1st October 2004 , foreigners who wish to register companies in Cyprus or acquire shares in existing Cypriot companies or in any other way, do business in Cyprus will no longer have to obtain any special permit.
Within the framework of attracting foreign investment and due to the need to simplify administrative procedures equal to those enjoyed by local investors, a Foreign Investors Service Centre (FISC) was established on 5 September 2005 under the auspices of the Ministry of Commerce, Industry and Tourism.
The main task of the Centre is to evaluate all investment proposals submitted by foreign and local investors, to accelerate and simplify licensing procedures in this regard. The importance of the establishment of the Centre lies in the fact that it will operate as a full service for foreign companies interested in investing in Cyprus. In particular, it will serve as a central agency for providing support, information and liaising with foreign investors.
In this specific situation, Boeing, the manufacturing company, based in the United States of America, may be held strictly liable based on the legislation regarding defective products. The courts in the United States of America acknowledged very early that aircraft manufacturers have the same degree of legal liability for product safety as those which the manufacturers of other usual consumer products have.
The manufacturing company must design the aircraft with due diligence and proceed with detailed checks and tests on flight conditions before putting the aircraft into circulation.
In the Maynard v Stinson Aircraft (1938) JAL 608 case, the manufacturing company was found guilty of negligence due to the fact that the aircraft caught fire and caused bodily injury due to the poor design of the aircraft.
We offer a highly professional and efficient service in applications for high net worth individuals and entrepreneurs from outside of the European Economic Area for entry and subsequent permanent residency in the United Kingdom, and for British citizenship / nationality.
We have a skilled team of experts in UK immigration law and offer a full service of advice and representation for the following types of visa:
We are happy to announce the establishment of our new blog. The purpose of this blog is to inform our current and future clients about the latest news regarding the acquisition of European nationality and residency as well as other immigration issues.
All information in our blog will be updating constantly so you will be able to get the access to the points of your interest!