Business Formation Services
As the economy changes and new markets emerge more and more people wish to take the risk and implement innovative, new ideas by forming their own business. NCI Law Group can bring this dream to reality by ensuring that all legal standards are met and common pitfalls have been avoided. Our experienced commercial lawyers can help you built your company and guide you through this process. Our Firm provides all the necessary arrangements for its clients to form a business and has excellent relationships with various professional service providers and regulatory bodies who can help in establishing a new company. In addition, with offices in several countries across the globe we may provide services in a variety of countries including Switzerland, Dubai, Marshall Islands, BVI, Belize, USA, UK and Canada. Our purpose is not only to set up a company for you but to find the most suitable jurisdiction so as to provide the best solution corresponding to your type of business and plans for development.
Our services include:
- Assisting in arrangements with the main regulatory authorities
- Assisting in arranging all tax matters
- Incorporation of different types of companies depending on client’s needs
- Issuing partnership agreements
- Issuing shareholders’ agreements
- Preparing and filing all required state and local licenses and permits
- Providing legal opinions
- Providing legal solutions on employment issues happened
Collection of debt can be a long, stressful and exhausting procedure. It may involve dealing with difficult people and requests for payment can often be ignored or refused. Our experts are capable of dealing with the most difficult and complicated cases. As every country has its own rules and regulations compliance with these rules and regulation is deemed necessary. Particular issues may arise with cross border debt collection and also the applicable rules make it feasible for a court or arbitration decision in one jurisdiction to be executed in another.
NCI Law Group is confident it can handle domestic and international debt collection through our wide international network of associates and experienced litigators. Our aim is to provide excellent service and promptly maximize the collection recoveries for our clients.
Our services include:
- Expert handling of accounts by collection experts with vast experience of debt collection
- Personal visits or calls (when allowed)
- Regular update so that clients can monitor the process of their claim
- Credit reports
- Bi-lingual collection managers
- Handling relevant court and arbitration processes
Arbitration as a type of alternative dispute resolution for parties to resolve their dispute in an out of court procedure is gaining in popularity and effectiveness as of late.
Through experience we have learned that the outcome of international disputes is often determined by a well-drafted dispute resolution clause in the business contract. When a dispute arises an arbitration agreement will need to be drafted if parties wish to proceed with an ad hoc arbitration and decide themselves on all aspects of the arbitration. Otherwise, parties may refer in the arbitration clause to an already established body such as London Court of International Arbitration (LCIA) or International Chamber of Commerce (ICC) which provide such agreements. NCI Law Group offers clients assistance, representation and advice at all stages of the arbitration process including pre-arbitral negotiations, the conduct of arbitral proceedings and advocacy at trial.
Cyprus, both by itself but also as a member of the EU has an established legal and regulatory framework to a very attractive venue for such arbitral proceedings. The Chartered Institute of Arbitrators has also an active branch in Cyprus and all international conventions are applicable and followed. Cyprus amongst others was one of the first countries to recognize and sign international instruments such as the New York Convention (NYC) on the recognition and enforcement of foreign arbitral awards and UNCITRAL. Therefore, it offers easy access from worldwide destinations, it is a cost-effective and reliable place for arbitration, it offers several venues depending on the size and type of the arbitration and it is compelled to enforce arbitral awards under national and international law.
Our services include:
- Advice on suitability of the arbitration route
- Drafting of arbitration clauses and arbitration agreements
- Undertaking representation of the client during arbitration procedure
- Recognition and Enforcement of the award
- Challenge of the arbitral award or process in a national court
The final route to a resolution of a dispute is litigation. NCI Law Group has built a strong reputation in the litigation process both nationally and internationally. The firm has a strong general litigation practice covering mainly all areas of civil law and at times criminal and administrative law both in the District Court and the Supreme Court. Our practitioners have represented clients in litigations in many countries of the world. Due to our collaboration with law firms across the globe and with assistance from our offices in other countries NCI Law Group is proud to provide advice and representation in various courts worldwide including USA, Canada, Switzerland and UAE.
Our lawyers have a high rate of success and with their experience and expertise we aim to provide and present the best possible case responding our client’s needs. We at NCI Law Group acknowledge that litigation is not only a long and exhausting procedure but can also be bad for business therefore, we ensure constant update. The aim is not only to win the case but also to make sure that the result of the litigation process will benefit our clients.
Our services include:
- Advice on availability and suitability of litigation
- Banking litigation
- Contract disputes
- Employment disputes
- Libel & Slander
- Matrimonial Cases
- Personal Injury claims
- Professional Negligence
- Recovery of Debts
- Tenancy claims
A Joint Venture (JV) situation arises when two parties come together on a project and form a type of international business partnership or a business agreement to form a new entity. A joint venture is different from a typical partnership since it is a temporary agreement. It is a particularly helpful method when starting a new project since it allows both parties to share the burden as well as the profits and it is a separate entity from the parties’ other activities. Typically, the decision of the two companies to form a joint venture is governed by a comprehensive written joint venture agreement.
NCI Law Group with its experience supports clients through all aspects of the joint venture; starting from strategy development, partner selection, deal structure, cross-border issues and final implementation. Formulation of a joint venture requires a lot of work and precision to cover all aspects and overcome possible problems. With our assistance in setting up a joint venture, clients ensure that all legal matters are covered and possible implications are solved in their best interest.
Our services include:
- Assessing competition law implications of the deal
- Dealing with employment, administration and regulatory approval issues
- Determining the most appropriate legal structure
- Drafting of shareholders’ agreement
- Drafting of the memorandum and articles of association
- Protection of existing business while setting up the joint venture
- Solving any cross-border implications
- Screening, short listing and performing of due diligence on potential partners
Trust Structures and Services
Trust Structures are binding arrangements which essentially aim at the preservation and protection of assets. The target is to protect and facilitate the benefit of specified beneficiaries over the trust assets, according to the terms of the trust.
Our firm has wide experience in both national and international business world and possesses a thorough understanding of national and foreign trust regulation. With trust structures NCI Law Group can provide flexibility on both management and distribution of assets to any client. As a trusted provider with an excellent reputation on the protection of our clients’ privacy we can provide the best possible solution/service depending on the client’s needs, the type of trust he wishes to set up and plans for the future. In addition to the establishment of trusts we offer advice on the administration of the trust funds in a way that will work for the client’s best interest. A trust may also be of great assistance to individuals who wish to transfer their assets to their family members in a tax-efficient manner or according to their wishes and not the laws of the country they live in. It may also be a good solution against any uncertainty for preserving their assets.
Providing the highest degree of security and confidentiality, NCI Law Group acts on behalf of our clients as trustees or nominees in various positions. Our trustee and nominee services can provide a client with:
- Nominee shareholders
- Nominee directors
- Nominee secretary
- Trustees in international trusts
- Registered office address
The banking sector is an evolving, ever-changing but permanent part of the international and national economic regime. A banking license is a prerequisite for any financial institution that wants to provide banking services. Any business activities carried on without the required authorization are subject to prosecution as provided in the relevant governing laws.
The process of applying for a banking license is often a complex and long one. An applicant will have to complete a comprehensive set of application forms and provide the regulator with a full set of supporting documents such as business plan, risk management policy statements, compliance manuals and procedures and other information. Each country negotiates their licenses differently. In many jurisdictions it is both difficult and financially restrictive for many people to own a bank.
With the economic crisis hitting Cyprus and its banking sector the new enhanced regulatory framework implemented created new opportunities for foreign banking service providers to establish their presence in Cyprus. Cyprus due to its strong shipping position, its upcoming position as energy source and still attractive tax and legal regime as regards to companies, is an extremely beneficial destination. The procedure, policy and approval for a banking license are determined by the Central Bank. In general there are three available licenses In general there are three available licenses a license to perform banking business and provide services; license for establishment in Cyprus of a representative office of an institution already licensed to carry on business under the laws of another country and license for the provision of cross border services and establishment of branches of a bank licensed in an EU member state.
Our Banking Consultants at NCI Law Group have carried out a number of successful Banking License Applications both onshore and offshore. We can provide full guidance from the early stage planning right through to a successful issue of a banking license.
Economic citizenship (also called Citizenship-by-Investment) is usually related to the acquisition of a second citizenship and passport.
Issues to consider in each program differing based on the country:
- Amount of money necessary for investment
- Whether the program is refundable or not
- Duration and complexity of accepting the investment
- Duration and complexity of granting citizenship after the investment
Countries which provide for Economic Citizenship – have programs for granting second citizenship and second passport in return for the investments:
Countries which provide investment programs for permanent residency (and subsequently citizenship):