Answers to the most common questions from clients in Cyprus, Greece, the Gulf, EU and Russian/CIS markets.
What business advisory services does Pareas Consulting offer in Cyprus?
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Pareas Consulting is a one-stop corporate solution provider in Cyprus offering: strategic business advisory, advanced financial modelling with Monte Carlo simulation, bank loan negotiations (CHF loans, NPLs, debt restructuring), investment consulting, AML/KYC compliance, accounting services, banking & payment solutions, and Cyprus company formation. All services are delivered by a CySEC Advanced Certified advisor with 9+ years and 500+ clients across Cyprus, Greece and internationally.
Can you help negotiate my bank loan or NPL in Cyprus or Greece?
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Bank loan negotiations is one of our primary specialities — for both Cyprus and Greek clients. We handle CHF Swiss franc loan restructuring, NPL (non-performing loan) negotiation with banks, debt restructuring, and lender negotiation support. We have successfully negotiated hundreds of banking mandates for SMEs and HNWIs. Fees are typically €5,000–€15,000 per engagement depending on complexity. Contact us for a free initial assessment.
How can a Greek business or individual relocate to Cyprus for tax purposes?
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We offer a full Greek business relocation to Cyprus service: company formation (5 days), Cyprus bank account opening, accounting & bookkeeping setup, AML/KYC compliance, and personal tax advisory. The Cyprus non-dom regime exempts qualifying individuals from tax on dividends and interest income — compared to Greece's 22–44% income tax rate, this is one of the most powerful EU tax planning moves available. We also advise on the favourable Greece-Cyprus double tax treaty.
How does Pareas Consulting help Gulf businesses establish in Cyprus?
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Following the 2026 Gulf crisis, we are actively assisting Gulf-based businesses establish Cyprus as their EU base. Cyprus is the closest EU member state to the Gulf (3-hour flight from Dubai), shares a timezone with the GCC, is fully English-speaking, and offers 5-day company incorporation at 15% corporate tax. We handle company formation, EU banking & payment solutions, investment consulting, AML/KYC compliance and ongoing geopolitical risk advisory for Gulf clients.
What is the Cyprus Permanent Residency by Investment and what are the requirements?
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The Cyprus Permanent Residency by Investment (Regulation 6(2) Fast-Track Programme) requires a minimum €300,000 investment in residential property, commercial real estate, company shares, or AIF/RAIF investment funds — plus a €30,000 blocked bank deposit and €50,000 annual income from abroad. Processing takes 2 months (Fast-Track). The permit is lifetime valid, covers spouse and children, requires only 1 visit every 2 years, and leads to EU citizenship after 8 years.
What AML and KYC compliance services do you provide for Cyprus businesses?
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We provide comprehensive AML/KYC compliance services for Cyprus-registered businesses and EU entities: AML policy development, KYC framework design, Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, UBO register compliance, sanctions screening guidance, AML compliance officer support, and ongoing monitoring frameworks. We serve both regulated entities (CySEC, CBC licensed) and non-regulated businesses requiring AML compliance under EU AMLD5/6.
