Best Project Finance Lawyers in Limassol

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A. KOULOUNDI & CO. LLC
Limassol, Cyprus

Founded in 2025
5 people in their team
English
Greek
Banking & Finance Project Finance Funds & Asset Management +6 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...
Elias Neocleous & Co. LLC
Limassol, Cyprus

Founded in 2017
120 people in their team
English
Greek
Russian
Banking & Finance Project Finance Tax Increment Financing +8 more
We are the largest law firm in Cyprus by a considerable margin and are generally recognised as  leading law firm in the Southeast Europe. We have more than 140 fee-earners operating out of three offices in Cyprus and an international network of offices in the main destinations for investment...
L. Papaphilippou & Co LLC
Limassol, Cyprus

Founded in 1963
English
L. Papaphilippou & Co LLC, established in 1963 by Loukis Papaphilippou, has evolved into one of Cyprus's leading international law firms. Through strategic mergers and a commitment to nurturing talent from within, the firm has expanded significantly, now comprising over 70 highly qualified...
Harneys Cyprus
Limassol, Cyprus

Founded in 2009
English
Harneys Cyprus is a distinguished law firm renowned for its expertise in corporate law, investment funds, financial services regulation, and litigation. The firm has consistently achieved top-tier rankings, maintaining Tier 1 status in Banking & Finance and Commercial, Corporate, and M&A practices,...
Andreas Danos Law Firm
Limassol, Cyprus

Founded in 1968
6 people in their team
English
Greek
Russian
The Andreas Danos legal agency - Cyprus Lawyers is a dynamic law firm based in Cyprus, offering a range of legal services such as contract law, corporate law, family law, immigration law, intellectual property law, etc.Our dedicated team of lawyers take pride on the extensive and expanding client...
AAS-Law
Limassol, Cyprus

English
AAS-Law, based in Cyprus, offers a comprehensive range of legal services tailored to meet the diverse needs of its clients. The firm's areas of expertise include Alternative Dispute Resolution, Litigation, Property Law, and Commercial Law, among others. This breadth of services enables AAS-Law to...

Founded in 2016
English
PETROS YIANNAKAS & ASSOCIATES LLC, based in Limassol, Cyprus, offers a comprehensive range of legal services, specializing in corporate and commercial law, mergers and acquisitions, international tax planning, and shipping law. The firm has extensive experience assisting clients with financial...
Limassol, Cyprus

English
Mougis & Georgiades LLC is a Cyprus-based law firm offering comprehensive legal services across multiple practice areas, including succession law, arbitration, real estate and land law, competition law, commercial and corporate law, banking law, dispute resolution, media and internet law, insurance...

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...
Limassol, Cyprus

Founded in 1998
English
ATCA Co. Ltd, established in 1998, is a boutique accounting, audit, and fiduciary firm based in Limassol, Cyprus. With over 23 years of experience, the firm offers a comprehensive range of services, including accounting, auditing, tax compliance, VAT compliance, international tax planning,...
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About Project Finance Law in Limassol, Cyprus

Project finance refers to the funding of large-scale infrastructure or industrial projects based on the projected cash flows of the project rather than the balance sheets of its sponsors. Limassol, as a prominent financial and business hub in Cyprus, is a preferred location for project finance transactions, particularly in sectors such as shipping, energy, real estate, tourism, and telecommunications. The legal framework governing these arrangements involves a combination of Cypriot laws, EU legislation, and international financial practices. Legal counsel is crucial to allocate risks, comply with regulatory requirements, and ensure the successful structuring and management of project finance deals.

Why You May Need a Lawyer

There are several situations where legal assistance is essential in project finance in Limassol:

  • Structuring complex financing transactions, including syndicated loans and public-private partnerships
  • Drafting and negotiating facility agreements, security documents, and intercreditor agreements
  • Ensuring regulatory compliance with local and EU laws and obtaining necessary licenses and permits
  • Mitigating risks related to insolvency, taxation, or environmental obligations
  • Advising on dispute resolution mechanisms in case of conflicts between stakeholders
  • Facilitating cross-border transactions involving international financiers or contractors
  • Resolving land acquisition, zoning, or construction law issues
  • Representing clients in negotiations with governmental authorities

A specialized lawyer will protect your interests, guide you through local legal complexities, and increase the likelihood of project success.

Local Laws Overview

Project finance in Limassol is primarily governed by the laws of Cyprus, which are based on English common law principles and are adapted to comply with European Union directives. Key legal considerations include:

  • Security Interests: Cyprus law allows various forms of security such as mortgages, charges, and pledges to secure financing. The perfection and registration of these securities must comply with the Companies Law and Land Registry regulations.
  • Insolvency Law: Local insolvency laws affect the rights of lenders and the enforceability of security, which must be carefully considered in contract drafting.
  • Construction and Environmental Regulations: Projects must comply with local building codes, planning permits, and environmental impact assessments as required by Cypriot law.
  • Taxation: Cyprus offers an attractive corporate tax regime but expert advice is needed to ensure tax efficiency and compliance.
  • Contract Law: The law regarding contractual obligations and remedies is a blend of statutes and case law, adapted from English law and local legislation.
  • Foreign Investment Rules: While Cyprus welcomes foreign investment, certain projects may require specific approvals or adherence to sector-specific restrictions.

Understanding these laws is essential to structure workable project finance deals in Limassol.

Frequently Asked Questions

What types of projects are commonly financed in Limassol through project finance structures?

Commonly financed projects include large residential and commercial developments, marina developments, logistics hubs, renewable energy plants, and hotel or tourism infrastructure.

Is project finance available to both local and international sponsors?

Yes, Cyprus welcomes both local and international sponsors. Cross-border finance is common and the legal system supports international syndication and investment.

What forms of security can lenders take under Cyprus law?

Lenders can take security in the form of charges over shares, mortgages over real estate, assignments of project contracts, bank accounts, and pledges over assets, subject to registration and other formalities.

How does the registration of security interests work in Cyprus?

Security interests over company assets must be registered with the Registrar of Companies and Land Registry within strict timeframes to be enforceable against third parties.

Are there foreign ownership restrictions on project companies in Limassol?

Generally, there are very few restrictions for EU nationals and companies. Non-EU nationals may face some limitations in certain regulated sectors or in acquiring real estate.

What role do governmental authorities play in project finance transactions?

Governmental authorities issue planning, building, and operational permits. In some projects, the state may act as a counterparty through concession or PPP agreements.

Are there specific tax benefits for project finance structures in Cyprus?

Cyprus offers a low corporate tax rate and several incentives for certain investments, but tailored advice is necessary based on the project's structure and sector.

What dispute resolution options are available in project finance contracts?

Contracts can specify courts of Cyprus or international arbitration (often in London or Paris) in accordance with international best practices.

How are syndicate and intercreditor arrangements handled under Cyprus law?

Cyprus law recognizes and enforces intercreditor and syndicate agreements, including common structures such as agent and trustee relationships among lenders.

How long does it usually take to close a project finance transaction in Limassol?

Timeline varies by project complexity, but standard transactions can take several months due to due diligence, regulatory approvals, and documentation.

Additional Resources

If you are looking for more information or support regarding project finance in Limassol, the following resources may be helpful:

  • Cyprus Securities and Exchange Commission (CySEC) - Regulator of financial markets
  • Ministry of Finance of Cyprus - Guidance on public-private partnerships and governmental approvals
  • Cyprus Bar Association - Directory of qualified lawyers
  • Cyprus Chamber of Commerce and Industry - Useful for market data and networking
  • Limassol Municipality - Information on zoning, town planning, and permits

Government offices, reputable law firms, and financial advisors in Limassol offer guidance tailored to your particular project.

Next Steps

If you require legal assistance with project finance in Limassol, Cyprus:

  • Identify your project goals, stakeholders, and anticipated challenges
  • Collect all relevant documents such as business plans, feasibility studies, and financial models
  • Contact a specialized project finance lawyer with experience in local and cross-border transactions
  • Request an initial consultation to assess the legal aspects and structure of your project
  • Discuss legal fees, timelines, and required documentation with your chosen legal advisor
  • Proceed with detailed due diligence, legal structuring, and contract drafting as advised

Engaging a skilled legal expert early on will help you navigate local laws, manage risks, and bring your project to a successful completion.

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 Project Finance, 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.