We build the governance framework that keeps your company running smoothly, protects your legal position, and passes every audit. No guarantee of legal position exposure.
BOOK YOUR GOVERNANCE CONSULTATION
+357 25-352-352 | info@naklaw.com
Years of Cyprus Corporate Law
Disputes Preventable*
Companies Advised
Member (2020–2024)
We are a dedicated team of experienced lawyers committed to protecting your rights and delivering justice. With years of expertise in diverse areas of law, we provide trusted legal solutions for individuals, families, and businesses.We are a dedicated team of experienced lawyers committed to protecting your rights and delivering justice. With years of expertise in diverse areas of law, we provide trusted legal solutions for individuals, families, and businesses.We are a dedicated team of experienced lawyers committed to protecting your rights and delivering justice. With years of expertise in diverse areas of law, we provide trusted legal solutions for individuals, families, and businesses.
Set up governance now for €1,500–€3,000 and avoid this entirely.
73% of Cyprus SME disputes occur when someone claims authority, and another denies it. Entirely prevent another form of governance. (Cyprus Bar Association dispute data, 2022–2024)
61% of Cyprus companies have NO formal board minutes or decision records. When auditors ask for proof, you don’t have it. (Cyprus Accountants & Auditors Association, 2023)
Under the Cyprus Companies Law (Chapter 113, Section 226), directors have duties of care, loyalty, and good faith. If these aren’t documented, you’re personally at risk. Banks demand personal guarantees when governance is weak.
42% of business succession disputes in Cyprus result in a company’s shutdown or a forced sale. Proper governance includes succession planning. (Cyprus Chamber of Commerce survey, 2023)
You alone? You and a co-owner? A board? You decide, document it, and everyone knows.
Board approval? Shareholder vote? CEO alone? Governance says: ‘For THESE decisions we do THIS process.’
Governance creates procedure. Not a fight. Not the court. A documented process that protects everyone.
We understand your structure (solo owner, partners or shareholders), decision-making style and compliance needs. We customize, not templates.
We create a template for YOUR situation. Who decides what? How disputes are resolved. How records are kept.
We reference the Cyprus Companies Law (Chapter 113), so your governance is legally sound. Law-backed, not guesswork.
We set up board structure, director roles, decision documentation and record-keeping. You're not implementing alone.
We walk your directors/shareholders through governance so everyone understands authority, responsibilities and the decision process.
We monitor and enforce governance requirements annually and advise when changes are needed (new shareholders, scaling, legal updates).
100+ companies advised on governance. We know what works. We cite actual laws (Companies Law Chapter 113, Sections 226 (director duties) and 372 (shareholder rights)) because we live by this.
We've restructured governance for pre-investment companies (preventing delays). We've helped companies pass audits. We've prevented shareholder disputes from becoming court cases.
Legal 500 is the world's most rigorous legal directory. We're listed because of proven expertise and client results. That's third-party validation, not us claiming it.
We show the real costs of bad governance. We explain the Cyprus law plainly. We admit governance won't prevent all disputes, but it prevents most. That's trust.
Find your scenario. We'll guide you through governance setup specific to where you are.
PARTNERSHIP
We draft governance defining decision authority, dispute resolution and succession. Protects both of you.
CTA → Book Partnership Governance
PRE-INVESTMENT
We audit current governance, identify gaps and build investor-ready structures so approvals happen.
CTA → Get Investor-Ready Governance
AUDIT COMPLIANCE
We build missing governance structures and documentation, so the next audit passes clean.
CTA → Schedule Audit Compliance Fix
SCALING
We design governance scaled to your new size. Clear authority, documented decisions and succession planning.
CTA → Book Scaling and Governance Setup
Following the accession of Cyprus in the EU in 2004 and the abolition of the "offshore regime", Cyprus has maintained a simplified and effective tax system in full compliance with the EU and the OECD.
As a result of the above Cyprus has become a stable EU, "non-offshore" low tax jurisdiction with a beneficial tax regime for foreign businesses and individuals as well as a safe professional business environment.
Cyprus has one of the lowest-taxation rates within the EU, with a flat tax rate at 15% on profit. Cyprus offers additionally to its tax benefits, great advantages as a respectful and useful jurisdiction for holding companies.
It is important to indicate that the business climate in Cyprus is based on a free and open economy, offering first-class legal and financial expertise. It's very easy to fly in and out of Cyprus throughout the year.
When I faced unfair treatment at work, this incredible team stood by my side, fought tirelessly for my rights, and ensured that I finally received the justice I truly deserved
We take pride in delivering justice with integrity, dedication, and trusted legal expertise. Our clients’ voices reflect the true strength of our firm
Yes. Companies Law (Chapter 113) requires every company to have governance structures that define directors' responsibilities, shareholders' rights, and decision-making authority. Legal requirement, not optional.
Ask: Can I show who decides what? Do I have board minutes? Can I prove decisions were made properly? If you answer 'no' to any of them, you have weak governance.
No. But research shows it prevents 67% (Lex Mundi). Proper governance creates a process. Process prevents most disputes from becoming court cases.
Typically 3–4 weeks. We assess gaps, build missing structures, document everything and train your team. Next audit passes clean and
Governance now: €1,500–€3,000. Shareholder dispute later: €25,000–€75,000 in legal fees + lost time. No contest.
It depends on your structure and size. Even solo-owner companies should document decisions. We advise what makes sense legally and practically.
Absolutely. Governance should evolve with your company. We review and update annually or whenever major changes happen (new shareholders, scaling, investment).
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+357 25-352-352
info@naklaw.com
Anexartisias & Athinon, Nora Court, 2nd Floor, Office 201-202, 3040 Limassol, Cyprus
Get in touch with our legal experts today.
One consultation call. We analyze your situation, explain what you need, and build a governance framework that protects your company and wealth. Clear. Legal. Audit-ready.
BOOK YOUR GOVERNANCE CONSULTATION
+357 25-352-352 | info@naklaw.com | Within 48 hours
