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Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.
LEGAL AUDIT OR DUE DILIGENCE OF BUSINESS IN CYPRUS

The audit is carried out in various areas of the company.
Legal analysis and verification of the company in Cyprus includes the following:
- Research of share capital, its structure and corporate documents,
- Analysis of personnel and relevant documentation in the field of personnel,
- Verification of compliance with the laws and policies of the country, including the GDPR,
- Analysis of business contracts and contractors,
- Verification of the legal status of property, funds and other assets of the enterprise, as well as the availability of intellectual property and its security,
- Checking the presence or absence or condition of courts or criminal or administrative disputes.
- Compliance with environmental regulations.
DUE DILIGENCE – LEGAL AUDIT OF BUSINESS
Prykhodko and partners provide comprehensive legal audit services business – due diligence.
Before buying a company, it is important to understand its condition, including legal, tax, accounting, financial and other risks. Due diligence is carried out both in the interests of the business owner (Vendor Due Diligence) and the potential investor (Buyer Due Diligence).
Based on the results of the business audit, you will receive a Conclusion, which will give you the following
- Your desire to buy a business in general can change dramatically
- You can get arguments to reduce the value of the business you are buying.
- You can apply timely legal mechanisms to prevent further various problems with the tax, with contractors, with employees, investors, etc.
Order business science (firms) – frequent cases:
- Purchase and sale of corporate rights to the company
- Analysis of public offerings of these securities on the stock exchange (IPO)
- Mergers and acquisitions (M & amp; A)
- Investment attractiveness of the company
- Joint venture of two or more founders
- Financing or lending to the business or its assets
- Provision of repayable financial assistance, including interest
What is the cost or how much does it cost to inspect a firm (business) in Cyprus?
To answer this question you need to understand the cost dudiligence in Cyprus, as elsewhere, depends on the amount of work required lawyers and auditors to conduct, from the number of issues being investigated, from the amount of material submitted for verification, the difficulty in accessing the information to be verified. Depending on this, there are at least two types of business inspections.
Full diligence report (full scope) – the most detailed and complete analysis of all submitted documents, open sources of information, as well as sources of information with limited access.
Due diligence (red flag report) – only those questions that are asked for research are checked.
The legal company “Prykhodko and Partners” provides comprehensive legal analysis of business. We will help you understand the state of the company, including legal, tax, accounting, financial and other risks.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Cyprus?
3 question
Do you sell a business in Cyprus?
4 question
Are you buying a business in Cyprus?
5 question
The cost of a business audit that needs to be done is more than 500 thousand euros?
6 question
Do you need a consultation urgently?
The corporate tax rate in Cyprus was raised to 15%. Doesn't this create problems for Ukrainian business?
On the contrary, it is a strategic advantage. The Tax Code of Ukraine provides for exemption from CFC taxation if the effective rate in the foreign jurisdiction is at least 13%. The 15% rate in Cyprus automatically allows legally exempting the profit of a Cyprus company from additional taxation in Ukraine.
How does the updated IP Box regime for IT companies work?
The Cyprus IP Box applies the Modified Nexus Approach, where the benefit depends on actual development costs. If a company develops software locally, 80% of qualifying profit is exempt from taxes. The 15% corporate tax applies only to the remaining 20% of profit, giving an effective tax rate of 3%.
Is it necessary to pay tax on undistributed profit and the annual company levy?
No. The Deemed Dividend Distribution (DDD) rule was completely abolished for profits generated from January 1, 2026. The annual fixed Annual Levy of €350 was also abolished starting in 2024.
Can I get Cyprus tax residency as a business founder?
Yes, the “60-day rule” applies to business founders. It allows you to obtain tax resident status by staying in Cyprus for only 60 days a year if you own or rent housing, have business ties to the country, and are not a tax resident of another state.
What is Notional Interest Deduction (NID) and who is it suitable for?
NID is a powerful incentive for capital-intensive businesses (e.g., industrial or investment holdings). It allows deducting notional interest on the amount of new equity capital introduced from the taxable base. The deduction amount equals the yield of 10-year government bonds of the country of investment plus 5%. This tool can reduce taxable profit by up to 80%.
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