Full-Service Law Firm in Larnaca, Cyprus

Harris Kyriakides

Harris Kyriakides
115 Faneromenis Avenue
Antouanetta's Building,

Larnaca 6031

Phone+357 (24) 201-600
Fax +357 (24) 201-601

Website www.harriskyriakides.com
E-mail  Contact Mr. Michalis Kyriakides

Law Firm Overview

Harris Kyriakides LLC, Advocates & Legal Consultants has proudly and successfully provided Cyprus with a full range of legal services since 1976, helping all manner of individuals, businesses, families, and entrepreneurs with a truly massive range of practice areas and specialties. Widely acknowledged and nationally recognized as a top-tier Cyprus law firm, it has handled complex legal and business needs across a wide variety of market sectors with ease, creating an envied reputation among Cyprus and in international business communities.

Harris Kyriakides operates on a departmental basis from its offices in Larnaca, covering nearly all aspects of legal practice and maintaining specialized lawyers, advocates and legal consultants in their own expertise. The firm's corporate and transactions practice has built an extensive international and varied clientele, providing guidance in legal, financial and taxation issues in several industries, from banking and insurance to oil and tourism. Its work in personal injury, family law, and estate planning has given individuals throughout Cyprus the same dedication and focus given to the national and multinational corporations, financial institutions, and government organizations that come to the firm for aid, seeking its ability to resolve disputes, aggressively litigate, and facilitate business projects with custom commercial needs.

It is rare that a firm does many things well - so many specialties require resources typically unavailable to even the best lawyers. Harris Kyriakides has earned those resources for nearly 40 years, building a truly impressive area of general expertise that has created thousands of lasting business relationships, the one true test of a good firm and a great team of lawyers.

Year this Office was Established: 1976

Languages: Greek, German, Russian, Swedish, Bulgarian, English.

Areas of Law

Additional Areas of Law: Drunk Driving Accidents; Dangerous Highways; Amusement Park Accidents; Farm Accidents; Children’s Injuries; Swimming Pool Accidents; State Aid; Debt Recovery & Enforcement; Pensions; Due Diligence; Redundancy; Property Division; Guardianship; Public Procurement.

Areas of Law Description

Harris Kyriakides LLC provides legal representation and services in the following areas of practice:

- Accident and Personal Injury

The legal framework applicable in Cyprus is protective to victims of road traffic accidents, through provisions of compulsory insurance for third party liability and additional safeguards. Be that as it may, trying to deal with insurance companies, handling extensive paperwork and getting a fair settlement is an overwhelming task for someone already dealing with a serious injury. Most individuals are not equipped to deal with these details following a serious accident and may not actively pursue their rights, thus losing occasionally substantial compensation awards. Harris Kyriakides LLC represents plaintiffs and defendants in all types of personal injury claims.

- Admiralty & Shipping

Harris Kyriakides LLC provides advice on the entire range of legal services in the shipping industry. Our core services involve the provision of legal advice and representation on agreements concerning shipbuilding, sale and finance of ships, formation and maintenance of shipping companies and registration of vessels under the Cyprus flag in the Cyprus Registrar of Ships as well as related matter such as charterparties and insurance. In addition, the firm is representing clients in admiralty practice, litigation and arbitration proceedings.

- Banking and Finance

Harris Kyriakides LLC advises financial institutions and borrowers on a variety of corporate matters pertaining to banking and finance law. Our clients include major commercial banks, co-operative societies, investment companies and security providers. Our practice includes negotiation, documentation and execution of credit facilities, documentation and enforcement of security (mortgages and charges), indemnities and guarantees, factoring transactions, leasing transactions, hire-purchase transactions, inter-creditor agreements, international trade finance (letters of credit and other negotiable instruments), corporate refinancing and restructuring, project and construction finance and other. We also act on behalf of several local and overseas institutions in litigation related to banking and financial disputes.

- Capital Markets

We have a long-standing reputation of advising corporates, investment banks and other financial institutions, and government and public sector bodies on securities offerings related to Cyprus. We represent both issuers and underwriters in connection with issuances of fixed income securities and we have experience in all aspects of equity capital transactions, including initial public offerings (IPOs), private investment in public equities (PIPEs) and spin-offs. We maintain expertise in transactions involving emerging markets, especially in the sectors of energy and natural resources, investment funds, infrastructure and financial institutions.

- Corporate

Building on expertise and experience of several decades, Harris Kyriakides LLC maintains a strong corporate team that provides legal advice and representation on a variety of corporate matters, both litigious and not litigious. In terms of non-litigious matters, we ensure the legality of commercial transactions, we facilitate the business process and advise on the legal and corporate aspects of corporate agreements or documents, including SPA’s, M&A’s, Pledges, Escrows, SHA, tailor-made MAA, Loan Agreements, Promissory Notes etc. In terms of judicial representation, we undertake Court applications on matters related to the Cyprus Companies Act (Cap. 113), including capital reductions, liquidations, restructurings, filings, MAA amendments, oppression remedies, and other corporate litigation.

- Commercial

Our corporate legal team focuses on mergers and acquisitions, joint ventures, shareholders agreements, company and partnership formations and maintenance, capital markets and securities and general corporate representation. Our practice also provides support for companies, corporate groups, enterprises, in-house legal teams and individuals in respect of commercial contracts and agreements covering all aspects of commercial transactions, including sale and lease of movable and immovable property, provision of services, franchise agreements, logistics agreements, license agreements, distributorship agreements and other specific contracts.

- Competition and State Aid

Harris Kyriakides LLC maintains a strong antitrust practice, encompassing the provision of advice on a complete range of antitrust, competition, regulatory and trade issues, including merger control, joint ventures, licensing and distribution, restrictive practices, abuse of dominance, cartel investigations, concerted practices for enterprises, compliance programs, state aid, liberalization and privatization. We provide advice and consultation on compliance of clients' business operations in Cyprus with applicable competition and state aid law requirements and obtaining clearance of mergers. We also represent clients in contentious proceedings, including civil wrong claims for infringement of competition and state aid laws before national courts, and proceedings initiated before the Cyprus Commission for the Protection of Competition.

- Debt Recovery & Enforcement

Harris Kyriakides LLC undertakes debt recovery and collection proceedings. We handle commercial and retail debts on behalf of local and overseas clients who are owed money from natural and legal persons residing or having property within the territory of the Republic of Cyprus. Our practice includes investigations on the financial status of the debtor, designing and enforcing effective methods of securing or freezing assets prior to litigation, commencement and trial of debt collection proceedings, bankruptcy proceedings, attachment proceedings, proceedings for invalidation of fraudulent dissipation of assets and other.

- Employment & Pensions

Harris Kyriakides LLC advises on a wide range of labor and employment issues, including setting up employment policies and compliance practices, taking preventive steps to maximize protection under employment laws and regulations and effecting business transactions involving employee layoff and transfer issues, employment contracts, collective agreements, restrictive covenants, severance payments, due diligence, redundancy, unfair dismissal etc. In addition, Harris Kyriakides LLC maintains significant experience in employment litigation, representing both employers and employees in cases of redundancy claims, unfair dismissal claims, enforcement of employee's rights etc.

- Environment

We advise clients on a variety of environmental issues, ranging from land contaminations to licensing, reporting, product safety and waste management. In association with professionals and technocrats, we conduct environmental liability audits and due diligence reports. We also undertake cases involving investigations and prosecutions by statutory authorities, arising from incidents causing serious personal injury or death. In various occasions, we have represented and still represent private clients from a range of industries and sectors, including insurance, energy, construction and other. We have also represented and still represent the Republic of Cyprus in matters involving complicated violations of environmental laws, acting on behalf of the Public Prosecution Authorities and assisting in the prosecution of wrongdoing.

- Family and Divorce

In case of a post marital dispute, Cyprus law provides straightforward, swift and relatively inexpensive divorce proceedings, leading to the issuance of an order of marriage dissolution (divorce order). The jurisdiction of Cyprus Courts in divorce litigation is easily founded and is not depended on the nationality of the applicant/respondent or the place where marriage had taken place. Divorce does not have automatic consequences on property disputes and does not automatically entail an obligation to pay maintenance to the other spouse or children. Harris Kyriakides LLC advises and undertakes legal representation in all types of matrimonial law and family law disputes, including pre-marital property and tax planning, divorce, alimony/maintenance, property division, guardianship, custody and visitation rights, adoption, paternity recognition, international child abduction and other.

- Foreign Investment in Cyprus

In order to further enhance the intensity of foreign investment, the Government has liberalised the Foreign Direct Investment Policy not only for EU citizens but also for investors from third countries in most sectors of the economy. Limitations related to the minimum level of investment and foreigners' participation percentage have been abolished, allowing for up to 100% equity participation in registering companies or acquiring shares in existing companies. At Harris Kyriakides LLC we have a wealth of experience in dealing with asset management in Cyprus and legal matters related to foreign investment.

- Information Technology

We advise on matters related to software and hardware licensing, development, procurement, governance, e-commerce, information technology projects, data privacy and dispute resolution. We produce client briefings covering the Cyprus jurisdiction and assist on multinational projects. In addition, we represent clients in matters related to violations or investigations pending before the Commissioner for Personal Data Protection and we pursue related complaints on behalf of aggrieved clients. In that respect, we also advise on the protection of personal information against its unauthorized and illegal collection, recording and further use.

- Insurance

Our firm's civil trial practice concentrates on all types of insurance disputes, with particular emphasis in traffic accidents, employment injuries, damages to property etc. We represent large insurance companies as well as private corporations in matters related to coverage opinions, claims analysis and endorsements. We also defend professional liability claims for architects, engineers, physicians, nurses, physicians’ professional groups, lawyers and accountants. Our services include malpractice defense and all types of related negligence claims defense.

- Intellectual Property

Harris Kyriakides LLC has established a specialized Intellectual Property Law Centre (IPLC) providing legal services on all aspects of Intellectual Property law, including registration, maintenance and enforcement of trademarks, trade names, patents, copyright and industrial designs.

- Litigation & Arbitration

Our firm maintains an international dispute resolution team. We regularly co-operate with international law firms and acclaimed litigators in large litigation and arbitration proceedings. Our litigation and dispute resolution practice combines market leading efficiency, local knowledge of Cyprus procedures and regulations and a unique ability to work efficiently with international litigation lawyers across jurisdictions. We act for a broad spectrum of clients, particularly those in the corporate and financial sectors. Our clients include multinationals, financial institutions and international organisations.

- Mergers & Acquisitions

Many of the world's leading companies and investment banks turn to us for advice on their high-value mergers, acquisitions, joint ventures and corporate restructurings. We advise local and overseas companies on all aspects of buying and selling companies and businesses. Our team is widely recognized as having leading skills to navigate through complicated transactions. We combine transactional expertise and industry sector experience and we can support complicated and demanding international transactions, offering high quality legal advice that adds value to the clients’ needs.

- Real Estate & Construction

Harris Kyriakides LLC undertakes legal representation of individual or corporate claimants against construction companies, developers, contractors, subcontractors, construction managers, suppliers, manufacturers, design professionals, builders risk insurers and others for all kinds of damages or losses sustained as a result of architectural malpractice, construction defects or deviations from contractual warranties and representations. At the pre-contract stage, the firm also advises clients on the management and avoidance of construction claims and disputes.

- Public Procurement

Harris Kyriakides LLC provides professional advice on all aspects of public procurement matters (supplies, services and works contracts), including structuring the tender transaction and choosing the appropriate tendering procedure, preparing and advising on procurement documents and conducting the evaluation of tenders and managing the procurement process and contract award issues. We also represent individuals and corporate bodies before the Tenders Review Authority and the Cyprus Supreme Court in Public Procurement disputes. Our practice involves hierarchical and judicial recourses against the validity of tender awards made by public authorities and state organs in Cyprus, temporary measures and appellate procedures.

- Residence / Citizenship

As far as EU Citizens are concerned, obtaining a Cyprus residence permit that enables one to enter, live, work and operate in Cyprus involves only minimal formalities relating to simple registration if the purpose of residing in Cyprus is employed activity. Non EU citizens need to acquire certain permissions in order to enter, live, work and operate in Cyprus. This can be done either by direct application for a Cyprus work permit or through the establishment of a local Cyprus limited company, which will then employ the non EU national, after being approved by the Migration Department.

- Tax

Harris Kyriakides LLC provides comprehensive advice on the taxation aspects of corporate structures that involve Cyprus corporate vehicles, with the aim of designing efficient, cost effective, safe and profit maximizing international corporate structures. Common solutions for corporate structures include the Cyprus holding company with foreign permanent establishment(s), the Cyprus holding companies for preserving or dealing with real property in Cyprus or abroad, Cyprus Investment Funds, Cyprus International Trusts, Cyprus Trading Companies, Cyprus Finance Companies, Cyprus Shipping Company and other.

- Wills and Estate Administration

Harris Kyriakides maintains an outstanding reputation throughout the region for advising individuals with regard to issues of wills, wealth protection, estate administration and probate. Our highly experienced team, headed by the Managing Partner of the firm, provides expert advice on Cyprus law related to wills, probate and estate administration. Our services for private individuals include preparation of wills and filing with the Court’s Registry, probate, administration, trusts, asset protection and international estate administration.


Harris Kyriakides Mr. Harris Kyriakides
Admiralty and Maritime, Banking and Finance, Commercial Law, Communication, Debt Relief

Michalis Kyriakides Mr. Michalis Kyriakides
Admiralty and Maritime, Arbitration, Banking and Finance, Commercial Law, Communication


  • Indication Investments Limited

More Information on Harris Kyriakides

Larnaca, Cyprus Personal Injury Lawyers
Family Law Firm in Larnaca, Cyprus
Larnaca, Cyprus Real Estate Law Office
Banking Lawyers in Larnaca, Cyprus
Larnaca, Cyprus Employment Law Firm
Corporate Law Office in Larnaca, Cyprus
Larnaca, Cyprus Intellectual Property Lawyers
Harris Kyriakides News and Publications

Articles Published by Harris Kyriakides

 Guidance by the Ministry of Justice on Apostille and Cyprus Public Documents

The Ministry of Justice and Public Order, which is the public authority designated as a Central Authority for the purpose of implementation of the Hague Convention of the 5th of October 1961 on the Abolition of the Obligation for Legalization of Foreign Public Documents (enacted in Cyprus through Laws 50/72 and 91/72) (the “Hague Convention”), has recently issued informative guidelines regarding the placement of apostille on Cyprus public documents.

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 Taxation trends in the European Union in 2014

The Statistical Office of the European Union (Eurostat) and the European Commission's Directorate-General for Taxation and Customs Union has issued a detailed statistical and economic analysis of the tax systems of the Member States of the European Union, which presents an overview of the tax system in each of the 30 countries covered (EU countries, Iceland and Norway), the revenue trends and the main recent policy changes.

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 Council Adopts European Account Preservation Order

The Council of the EU adopted yesterday the regulation establishing a European Account Preservation Order.

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 European Commission Tightens Key EU Corporate Tax Rules

The European Commission has put forward certain amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will address deficiencies in the Parent-Subsidiary Directive, which may allow the operation of structures that will benefit from reduced taxation.

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 Current Status of Temporary Capital Restrictions in the Cyprus Banking System

Cyprus continues to implement a series of temporary capital restrictions measures, with the aim to support the banking sector and safeguard the stability of the Cypriot banking system. The temporary Cyprus restrictive measures were implemented through decrees issued by the Minister of Finance pursuant to the provisions of the Restrictive Measures on Transactions in case of Emergency Law of 2013.

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 Deflation Trends in the Assessment of Damages Under Cyprus law

The guidance of the Cyprus Supreme Court in the assessment of damages in accident claims has traditionally been founded on certain principles.

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 Central Bank of Cyprus Publishes Code of Conduct on Defaulting Loans

Having regard to the financial difficulties faced by Cyprus bank borrowers and the increased number of non performing loans in Cyprus, the Central Bank of Cyprus has published a Code of Conduct for the treatment of borrowers that face financial difficulties.

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 Exaggerated Claims in Motor Accident Cases Under the Microscope of the Supreme Court - Cyprus

It is a usual phenomenon for claimants in motor accident claims to claim for ‘a little something extra’ following a genuine loss. This practice stems from the perception that there is nothing to lose in making an inflated or exaggerated claim. This perception has now been verified judicially.

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 Buying Property in Cyprus Made Easier for Non EU Citizens

In an effort to boost the property market and enhance the attractiveness of Cyprus for foreign investment, Cyprus has implemented measures that allow for citizens of non EU countries to acquire more than one property in Cyprus, provided that certain conditions are met.

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 Cyprus Implements New EU Directive on Combating Late Payment in Commercial Transactions

In order to protect European businesses, in particular SMEs, against late payment and to improve their competitiveness, a new Directive 2011/7/EU on combating late payment in commercial transactions was adopted on 16 February 2011 and must be integrated into national law by Member States by 16 March 2013 at the latest.

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 Cyprus Introduces Investor Scheme Leading to Cyprus Citizenship

The government of Cyprus has now implemented a new immigration initiative aimed at facilitating (non EEA) migrant entrepreneurs and investors who, in return for obtaining Cyprus citizenship, are prepared to invest in Cyprus. The new scheme has been established pursuant to amendments to the Cyprus Civil Registry and Migration Law.

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 EU Proposal for a European Bank Account Preservation Order

The European Commission has recently proposed to introduce an EU-wide freezing order known as a European Account Preservation Order (EAPO) to ease the recovery of cross-border debts for both citizens and businesses.

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 Private Investments Funds (ICIS) in Cyprus: the New Trend

Cyprus is definitely on the map as a prominent forum for the establishment of private investment funds, also known as private International Collective Investment Schemes (private ICIS). An ICIS can also be formed as a public fund, however the purpose of this brief is to provide a general overview of the primary advantages of a private ICIS.

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 Cyprus Company Formation

The Cyprus Limited Company is currently one of the most popular and efficient corporate structures for doing business locally and internationally. This is primarily due to the attractive corporate legislation of Cyprus and its significant tax benefits.

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 Modernisation of Cyprus Mortgages Law

The Republic of Cyprus has now introduced amendments to the laws governing mortgage of immovable property, which simplify the process of re-mortgaging and minimising the costs involved in such transactions.

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 Amendments to Cyprus Companies Law

The Republic of Cyprus has now introduced important innovations in the Cyprus Companies Law (Cap. 113), with a view to clarify, modernise and facilitate Cyprus corporate practice. As highlighted in the explanatory note accompanying the adopted legislative bill, the rationale behind the amendments is to enhance business efficiency by saving time, simplifying processes and increasing competitiveness at no additional cost.

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 Telecommunication Laws and Regulations - The Cyprus Aspect

Following public consultations and public hearings, Cyprus had undertaken all necessary initiatives in order to complete the liberalization process in the telecommunications sector and the harmonization with the acquis communautaire within the period of 2002 and 2003.

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 Trademark Protection in Cyprus

In recent years, there has been an unprecedented expansion in the volume of foreign trade mark applications in Cyprus, revealing the increased importance of the Cyprus market for foreign economies.

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 Compensation for Vehicle Accident Victims in Cyprus

One of the major challenges following a road accident is recovering damages for sustained injuries.

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 Cyprus Direct Investment Policy Applicable to Non-EU Nationals

The basic prerequisites for the approval of applications by non-EU nationals wishing to undertake a direct investment in Cyprus are highlighted by a recent circular by the Cyprus Central Bank, elaborating on the provisions contained in article 10 of the Capital Movement Law 115(I)2003.

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 Buying Property in Cyprus

In recent years, Cyprus has become a popular place for the acquisition of holiday houses. This increase in demand is attributed to many factors: Cyprus' inherent beauties and attractive climate, low cost of living, hospitality of local population, low tax jurisdiction. Property booming had a particular effect at seaside locations, such as Ayia Napa, Protaras, Paphos, Limassol and Larnaca.

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