Best Due Diligence Lawyers in Limassol

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A. KOULOUNDI & CO. LLC
Limassol, Cyprus

Founded in 2025
5 people in their team
English
Greek
Corporate & Commercial Due Diligence Administrative +8 more
At A. Kouloundi & Co. LLC, we are driven by a client-first philosophy built on experience, innovation, and excellence. With nearly 20 years of trusted legal counsel in Cyprus, founder Anna Kouloundi and her team offer legal guidance, advice and support to local and foreign individuals, family...

Founded in 2015
English
Charalambos Constandinou & Co. LLC, established in 2015, is a distinguished law firm based in Limassol, Cyprus. The firm offers comprehensive legal services across various sectors, including corporate and commercial law, banking and finance, real estate, immigration, and intellectual property. With...
A. YIORKAS & CO LLC
Limassol, Cyprus

English
A. Yiorkas & Co LLC is a distinguished law firm based in Cyprus, renowned for its comprehensive legal services and commitment to excellence. The firm offers a wide range of legal solutions tailored to meet the diverse needs of its clients, ensuring personalized and effective representation across...
Chambers & Co

Chambers & Co

1 hour Free Consultation
Limassol, Cyprus

Founded in 1996
8 people in their team
English
Greek
Chambers & Co  has grown rapidly since its inception in 1996 and is now one of the leading international law firms in Cyprus.The Firm’s policy is to deliver expert legal services in an environment that encourages professionalism, confidence and trust. We have built a...
Iacovou And Co.
Limassol, Cyprus

English
Established in 1985, Iacovou & Co. is a distinguished firm of Chartered Certified Accountants based in Limassol, Cyprus. With over 40 years of experience, the firm specializes in international taxation, audit and assurance services, and business consulting. Its team comprises highly qualified...
Limassol, Cyprus

English
Raptopoulos Legal, officially known as D Z Raptopoulos & Co LLC, is a distinguished law firm based in Limassol, Cyprus. The firm offers a comprehensive range of legal services, including corporate and commercial law, banking and finance, real estate, private client services, shipping and yachting,...

Founded in 1990
English
Established in 1990 by Mr. Panayotis Mouaimis, Mouaimis & Mouaimis LLC has grown into a prominent commercial law firm in Cyprus, offering high-quality international legal and corporate administration services. The firm's international client portfolio includes leading financial organizations,...
Constantinou Legal
Limassol, Cyprus

English
Constantinou Legal, based in Cyprus, offers comprehensive legal services with a focus on corporate law. The firm's team of experienced attorneys provides expert guidance on corporate governance, mergers and acquisitions, and regulatory compliance, ensuring clients receive tailored solutions that...
Limassol, Cyprus

Founded in 1966
English
C.P. Erotocritou & Co LLC, established in 1966 by Mr. Costas Erotocritou, is a prominent law firm in Cyprus with offices in Limassol and Nicosia. The firm offers a comprehensive range of legal services, including company formation, shipping law, energy, corporate and commercial law, banking and...
Limassol, Cyprus

Founded in 2013
English
Established in October 2013, Marangos & Hadjipapa LLC is a boutique law firm in Cyprus, renowned for its innovative approach and comprehensive legal services. The firm serves a diverse clientele, including financial institutions, banks, international corporate groups, and individuals. Led by...
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About Due Diligence Law in Limassol, Cyprus

Due Diligence in Limassol, Cyprus, is a comprehensive appraisal a company or individual performs before signing a financial transaction or entering into an agreement. This process is a legal obligation and thoroughly checks the legitimacy, risks and potential benefits associated with the transaction or business relationship. It often pertains to real estate transactions, mergers, acquisitions, and partnerships.

Why You May Need a Lawyer

Due diligence can be a complex process involving intricate legal necessities. You may need an attorney to carry out a due diligence process on your behalf to ensure that the requirements are thoroughly investigated and accurately documented thereby minimizing risks. Additionally, a professional can assist during negotiations and finalizing contracts, ensuring your interests are safeguarded.

Local Laws Overview

Limassol, Cyprus, requires strict adherence to the due diligence laws, which are derived from European Union Directives and local legislation. It includes Know-Your-Customer (KYC) practices as part of anti-money laundering laws, requiring businesses to fully identify and vet their partner entities or clients. Additionally, due diligence measures include obtaining necessary permits, reviewing of contracts, verifying assets, and investigating any potential legal issues.

Frequently Asked Questions

What is due diligence?

Due diligence is a process of investigations or audits of a potential investment or product to confirm the facts. This includes the review of financial records and assessment of other factors considered relevant.

What happens if due diligence is not carried out?

Ignoring due diligence can lead to legal complications, financial losses and can potentially damage to the company's reputation. In more severe cases, it may lead to corporate penalties and even imprisonment.

How long does the due diligence process take?

The duration of the due diligence process can vary depending on the nature of the transaction or business relationship. Generally, it can take up to several weeks or months.

What professionals are involved in the due diligence process?

Licensed lawyers specializing in due diligence processes, Certified Public Accountants (CPAs), and financial or business advisors are typically involved in the due diligence process.

Are there penalties for failing to carry out due diligence?

Yes, in Cyprus, failure to carry out due diligence can result in severe penalties including heavy fines and imprisonment, depending on the severity of the offense.

Additional Resources

The Registrar of Companies and the Cyprus Securities and Exchange Commission are the two main governing bodies that regulate due diligence in Cyprus. For additional legal resources, visit the Cyprus Bar Association website. The Association of Certified Anti-Money Laundering Specialists also publishes useful information about due diligence requirements.

Next Steps

If you need assistance with the due diligence process in Cyprus, begin by contacting a local attorney who specializes in due diligence. It is advisable to gather all necessary documentation beforehand to expedite the process. Always remember that the diligence process is crucial in making informed decisions and avoiding legal complications.

Lawzana helps you find the best lawyers and law firms in Limassol through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Due Diligence, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Limassol, Cyprus - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.