WELCOME TO LaMedaCo Ltd
Learn more About our company and beautiful island of Cyprus
Tourist & Travel Specialist for Cyprus and Middle
East back on top
Cyprus may be a small country, but it?s a
large island ? the third largest in the Mediterranean. And it?s an island with
big hearth ? an island that gives its visitors a genuine welcome and treats
them as friends.
With its spectacular scenery and enviable
climate, it?s no wonder that Aphrodite chose the island as her playground, and
since then, mere mortals have been discovering this "land fit for
Goods" for themselves.
Cyprus is an island of beauty and a country
of contrasts. Cool, pine-clad mountains are a complete scene-change after
golden sunny beaches; tranquil, timeless villages are in striking contrast to
modern cosmopolitan towns; exclusive luxurious beach side hotels can be
exchanged for large areas of unspoiled countryside. Yet in Cyprus all distances
are easily manageable, mostly on modern roads and highways ? with a secondary
route for those more adventurous.
Most important of all, the island offers
peace of mind. When on holiday here, filling of security prevails everywhere
since the crime level is so low, as to be practically non-existent.
There are many fine hotels from large and
luxurious to small and simple ? from the grandeur of the prestigious international
chains to the convenience of hotel apartments with self-catering facilities.
Should you decide to visit Holly Land,
Jordan or to meet mysteries of accent Egypt our own representatives will be
waiting for you.
So pay us a visit or give us a call. We can make for you a holiday to remember!
Incorporation and Administration of the Cyprus
International Business Companies and others offshore companies
All services regarding International
Business Companies are offered in close cooperation with our partner companies:
Christakis Nikitas & Co., Authorized
Accountants and Auditors
Fiona Nicolaou Law Office, Legal Advisors
& Law Barristers
From the idea to register IBC, trough
procedure of incorporation and satisfying all company?s needs in course of
business, you will be advised and take care by most efficient, highly
experienced and confidential professionals.
International Business Companies ? IBC may
be incorporated in Cyprus under the following legal forms:
·
Limited Liability ?
Ltd. Company registered in Cyprus
·
Branch of an overseas
company
·
General or limited
partnership
Great advantages for owning an IBC, to name
but few, are:
·
preferential tax
treatment ( 4,25% tax on profit);
·
foreign exchange
exemption ? IBC can conduct business without territorial limitation and operate
foreign currency accounts in any bank worldwide;
·
easy procedure and
requirements for foreign company?s personnel wishing to work and live in
Cyprus, together with personal tax exemptions and duty-free status;
·
complete
confidentiality (if is deemed necessary nominee shareholders and directors will
be provided)
Should you need more information and
advises, please do not hesitate to contact
us. We will be very happy to be at your service.
Financial Assistance, Personal Banking Service,
opening and managing of foreign bank accounts worldwide back on top
Corporate and private financial and
investment transactions are becoming increasingly complex. The range of
investment methods and products, the numbers of specialised investment banks,
assets funds and investment portfolio managers, widening almost daily. Making
investment decisions causes and implies great concern, because of its
complexity and apparent arbitrariness.
In our pursuit for better satisfaction of
our clients needs we can offer a broad range of services and assistance in the
field of financial -- investment activities on both, corporate and private
levels. Our specialist approach combine wide range of close business
connections with leading local and international banking and specialised
investment organisations, in-dept knowledge and wide practical experience. All
this made us able to offer personalised, very confidential and professional
financial assistance (with tax planing), management of surplus corporate funds,
portfolio management and general personal investment assistance.
International savings or investment
accounts, international cheque and (major) credit cards accounts, specialised
accounts, can be opened with the leading world banks, not only in Cyprus but
trough Europe (Switzerland, Liechtenstein, Channel Island, UK) and North
America.
For any further information, please do not
hesitate to contact us. We will be very glad to be at your assistance.
Baying and selling of the most prestigious homes,
villas and real estates in Cyprus back on top
Due to the wonderful Mediterranean climate
and variety of scenery, low taxation, high standard of living, hospitality of the
local population, safety and security Cyprus has become an attractive place for
property purchasers from around the world.
The island has one of the most advanced and
reliable Lands Registry Office in the world.
Whether you are looking for a home in the
sun or an investment opportunity, we believe you will be impressed by wide
range of offer from tranquil village house to ultra modern villa at most
prestigious locations.
Other business services back on top
Residential
and Work Permits
We can advice you and assist you in securing
Cyprus residential and work permits ("Pink Slip") and whether an
underlying private company should also be established.
Full
Nominee and Domiciliation Services
Professional directors, company secretaries
and nominee shareholders are available, to provide a high degree of anonymity
to the beneficial owners.
Domiciliation services can be arranged in
all the major offshore jurisdictions, to include the provision of Registered
Office facilities, Resident Agent services and Company Secretarial and
Compliance services.
Trust
Services
LaMedaCo, through its associated licensed
Trust company, can provide advice on whether a Trust will be beneficial for the
client's circumstances and objectives. The group can also assist in the type of
Trust required and whether an underlying private company should also be
established.
International
Mail and Telephone Services
LaMedaCo can provide a responsive
International Mail and Fax Forwarding service, together with a sophisticated
Telephone Call handling service.
International
Mail and Fax Forwarding
Apart from Cyprus, through our international
representation we are able to offer you full use of our prestigious Office
addresses in the following jurisdictions: London, Jersey, Isle of Man, Delaware
and Dublin.
Clients can issue us with instructions to either hold or forward their mail and
/ or facsimiles to their business, temporary or home address.
Telephone
Call Handling
Our offices are configured with the latest
telephone technology, enabling us to provide a comprehensive Telephone
Answering service to the busy person or international businessman without
adequate secretarial support. Incoming telephone calls can be answered either
through a dedicated exchange number or through one of our one hundred exchange
lines. All Telephone calls can be diverted to any international number of your
choice, or alternatively our staff can handle any inquiries acting as your
representative.
LaMedaCo
Limited has been established in August 1994 as the Cyprus International
Business Company with two major activities: tourist & travel and business
(financial and commercial) consulting.
The
Company's largest division is tourist and travel. LaMedaCo acting mainly as an
independent tour operator with comprehensive offer of travel and tourist
services connected with hotels, tourist transport, voyages, recreation and
entertainment. At the same time, trough active relationship with other tour operators,
airlines, hotel and leisure companies, Company carry on business of travel
agent or (sole) representative. Apart from leisure, very
important part is travel services (air ticketing, hotel accommodation) offered
to a numbers of corporate and business clients.
Since
incorporation in 1994 LaMedaCo has achieved respectable position and name
recognition in tourist business industry, especially among tour operator
specialized for Cyprus and Middle East as a tourist destination.
Business
consulting Company's activities are in the range from general consulting to
specialized projects and studies.
Through
extensive network of business associates and partners LaMedaCo providing
services for international business companies (offshore companies) - formation,
administration, specific management agreements and comprehensive ancillary
services.
Furthermore,
Company is engaged in foreign trade by direct trade negotiations for account of
third parties or as representative and/or sales promoter.
By e-mail: [email protected]
By
telephone of fax: Tel. +357 5 746180, Fax: +357 5 740119
By
post: 21, Vyronos Street, Lordos
Building Center, Block B
P.O.Box 58170, 3731 LIMASSOL, CYPRUS
GEOGRAPHY
AND CLIMATE
Cyprus is situated in the eastern Mediterranean, lying at
the hub of three continents (Europe, Asia and Africa), and close to the busy
trade routes linking Western Europe with the Arab World and the Far East.
Cyprus is the third largest Mediterranean island, with total area of 3.572 sq.
mile (9.251 sq. km.).
The island enjoys the best type of Mediterranean climate
with about 300 days of sunshine per year. The coldest month is January with
minimum and maximum mean temperatures of 9°C and 18°C, respectively, while in
August, the hottest month, the correspondent temperatures are 21°C and 36°C.
POPULATIONS
AND TOWNS
Cyprus? estimates population is 736.000 of whom 80 percent
belong to the Greek Cypriot community, 18 percent to the Turkish Cypriot
community and 2 percent are Armenians, Maronites, British and other European
expatriates.
Greek and Turkish are official languages of the Republic but
English is widely spoken and understood, and is regularly used in commerce and
government.
Apart from the capital, Nicosia, with estimated population
of 240.000, all major cities are located at the coast. Limassol is the second
largest city (population 190.000) and the island's biggest port. Larnaca and
Paphos are the third and fourth largest towns respectively and also popular
holiday resorts. The later two towns have an International Airport.
GOVERNMENT
AND LEGAL SYSTEM
The Cyprus government is similar to that in western
democracies. Human right, political pluralism and private properties are
safeguarded. The Head of State is the President of the Republic, elected by
universal suffrage for a five-year term. The executive organ of the republic is
the Council of Ministers, appointed by the President. The House of
Representatives, whose members hold office for a period of five years, is the
legislative organ of the Republic. The Republic enjoys full diplomatic
relations with 75 nations and is a member of UN, Council of Europe,
Commonwealth, World Bank, IMF and also has an association agreement with
European Union.
THE
ECONOMY
Cyprus has an open free market economy. The role of
government is limited to regulation and the provision of public utilities. Per
capita GNP is over US$ 13.500, one of the highest in the Mediterranean. Cyprus
is often aptly referred to as a European country in the Middle East. The
Economy is driven by tourist and service sectors and a fast growing export -
orientated industry.
The island's currency is Cyprus Pound, made up of one
hundred cents. Central Bank aims to keep it stable against the ECU (CY£ 1 = ECU
1,7486 +/- 15%). In addition to the Central Bank, the banking system consists
of 8 onshore commercial banks, 28 international business banking units and
numbers of specialized financial organization. Commercial banking arrangements
and practice follow the British model.
The cost of living in Cyprus is substantially lower than in
most countries offering a comparable standard and quality of life (excellent
housing, pollution free environment, low crime rate ...). According to the
latest figures produced by Union Bank of Switzerland, Cyprus is the 11th least
expensive business center in the world, and the 2nd least expensive in the
whole of Western Europe.
TRANSPORT
AND TELECOMMUNICATIONS
Cyprus has two international airports, at Larnaca and
Paphos. An average of 600 scheduled flights per week link Larnaca with more
than 100 cities in Europe, America, Africa and Asia.
The island's road network is quite advanced. A modern
highway links Nicosia, Limassol and Larnaca and is presently being extended to
Paphos. Self-drive cars, taxis and bus services are widely available.
Limassol and Larnaca ports are the island's main sea
gateways with fully renewed multi-purpose port systems. Both ports are being
used as regional warehouse and distribution centers with transit cargo enjoy
special treatment. Bonded warehouses are also available in all towns.
Cyprus has invested heavily in the development of
telecommunication sector. As a result, the island may claim, in this respect,
to be among the most developed countries in the world. Apart from conventional
telecommunications services, the Cyprus Telecommunications Authority (CYTA)
provides wide range of other services and facilities (GSM, PSDN, ISDN,
videoconferencing, Internet, paging, voicemail...). It employs state-of-the-art
technology for its national and international network, consisting of an
extensive submarine fiber optic cable network and an equally impressive
satellite network.