How To Beat A Speeding Ticket

"Premises Liability And Duty Of Care"
Premises liability basically comes down to whether or not the owner took enough care in making sure that people don't get injured. In the end, this is very subjective and depends on a couple predefined rules. This is true for all liability no matter the premises: commercial, public, or private. In all situations, there are at the least two duties of care that are considered. These two are the owner's and the visitor's. When it comes to premises liability, the duty of care can sometimes extend to the business owner, landlord, or property manager. When walking onto someone else's property, you are obligated to act in a manner that is safe for you as well as the owner. This means you have to be willing to stay away and out of danger and do what a reasonable person would do to avoid any type of danger that crosses your path. The owner of the property also has a duty to keep all visitors safe by providing an environment that is safe and well kept. This includes following the building code and keeping the environment up to the code. These building codes are the few defined laws that are usually referred to when it comes to "slip and fall" accidents. The owner of property must keep the space clean as well as obstacle free. There isn't some outrageous expectation, but it has to be able to meet some common requirements. For instance, all spills have to be cleaned up so no one has the chance of slipping and falling. Objects on the floor must also be picked up so no one trips and falls because of them. Any damage that occurs to the floor or floor coverings is seen as dangerous, so this also affects the premises liability. With this, like most things, there are exceptions. The law is able to recognize that spills can only be cleaned up so quickly. This same rule applies for objects that might have fallen or broken flooring. When an immediate cleanup is not possible, the owner is expected to put up a caution sign clearly visible to any visitors. When you step foot on someone else's property, it is the visitor's duty of care to look for any obstacles that might be ahead that haven't been taken care of. When walking in the rain especially, you should always be looking out for any wet, slippery surfaces. The same is true when you are visiting a kitchen, pool, or any place else that liquid could have spilled. Visitors have to avoid slip and fall injuries when walking. This means not running or moving in a reckless kind of way. Because of this shared duty, often the premises liability and the visitor's liability cancel out each other. The bottom line is that with slip and fall injuries, the injured person can only seek costs for damages if he/she was not negligent. In most states, if the premises liability was extensive, the negligent visitor can often get partial damages for the accident.

About Author:<br> Injury-Settlement-Guide.com teaches injured people how to protect their rights and obtain fair compensation for their damages. Learn more about <a href="http://www.Injury-Settlement-Guide.com/personal-injury-lawsuits.html">personal injury and liability </a> at this page on the free educational website: http://www.Injury-Settlement-Guide.com/personal-injury-lawsuits.html

Questions To Ask A Personal Injury Lawyer During Your Consultation
Q: Is this consultation given without charge to me?

About Your Rights:

Q: What rights do I have that need to be protected?

Q: Who will pay my medical bills; physical therapy bills; drug bills; transportation expenses; temporary or permanent household help; lost income; property damage; and pain and suffering?

Q: What do I have to do to protect my rights to these claims? What forms and papers do I need to obtain? Where do I get these forms? Will you fill out all the forms for me? If needed, will you help me with my medical claim? If needed, will you help me with my property damage claim?

Q: What claim letters need to be sent; how many insurance companies must be notified? Will you do this for me?

About determining whether you want to hire a specific lawyer?

You may feel nervous when hiring a lawyer, but remember that you are the one doing the hiring. While lawyers who primarily represent people in accidents charge a contingency fee (a fee that is charged at the end of the case and only if you are successful) you will still want to know that you are satisfied with your choice. Even though you pay a fee after you receive a money award, you are the one paying the bill. Serious injuries can result in significant compensation for both you and your lawyer. That makes you an important client!

Q: If I have a question about my case, will I be able to speak with you directly or do I have to speak to a paralegal? Is it okay if I speak with you occasionally when I have a question or to find out the status of my case?

Q: How long have you and your law firm been practicing law?

Q: Do you practice primarily in the field of Personal Injury and accidents?

Q: Do you have professional liability insurance? (Professional liability insurance also protects you, the accident victim, in case an error is made that damages your case.)

Q: When will I be charged? (Personal injury lawyers usually charge a contingency fee. A contingency fee is one that is charged at the end of the case and only if you are successful. This allows anyone who has been hurt in an accident to have easy access to a lawyer.)

Q: How much will I be charged?

Q: Will I be charged a legal fee if you do not recover money for me?

Q: Am I responsible for case expenses if you do not recover money for me?

Q: What are my alternatives to resolve my claim? Do you ever utilize mediation and arbitration?

Q: Have you or your law firm done any trials?

Q: (If married) Is my spouse entitled to any of my settlement or money awarded? What happens if I get divorced?

Q: (If a child is injured) Which parent will bring the claim? Are the parents entitled to any money? Which parent will be entitled to receive the money? What happens to my child's settlement money?

Philip L. Franckel, Esq., is the founder of <a href="http://www.HURT911.org" target="_blank">http://www.HURT911.org</a> an accident and injury research web site for people hurt in an accident and personal injury lawyers. Mr. Franckel also publishes articles on Lawyer Advertising at <a href="http://www.Lawyer-Advertising-Blog.com" target="_blank">http://www.Lawyer-Advertising-Blog.com</a> and provides advertising for lawyers at <a href="http://www.HURT911.org/getclient.php" target="_blank">http://www.HURT911.org/getclient.php</a>

Drowning: 2nd leading cause of children's death
Kids just love swimming. Whether in the bathtub, the lake, the beach or the pool, you always see children laughing and playing in the water.

Water can be fun but it can be dangerous too.

Studies show that the second leading cause of unintentional injury-related death in children between 2 to 14 years old is drowning. Every year, 1,000 children die of the said cause, 1/3 of such arise from swimming pool accidents.

This numbers can be alarming. In fact, it takes only 5 minutes or less and a water level of below 2 inches for a kid to drown.

Most of the drowning incidents among ages one and below occur in home bathtubs. For ages between 1 to 4 years, drowning commonly happens in private pools, while kids between 5 to 14 years old often drown in open water sites.

Most of these incidents occur because of the following reasons:

1. Absence of or minor adult supervision

Most of the parents mingle and talk to one another while their kids play and swim in the pool. The next thing they know, their kids are already missing or drowning. It is not enough that the parents just stay there beside the pool. They have to give their children their full attention in order to prevent them from getting hurt.

The best thing to do is accompany them and swim with them.

2. Negligence of the pool owners or caretakers to maintain the facility

Many owners pay no attention to the maintenance of their pools. They let their children swim without even noticing that the drain is busted which can cause drain entrapment or the pump is damaged which can cause electrocution.

3. Defective or non-installation of safety nets, gates or fences

Always enclose the premises. You will never know when accidents may occur. Also, provide water level marks on the side of the pool.

Other causes of pool accidents include:

1. Manufacturing or design defects of spas hot tubs, pools and other facilities;

2. Lack of or inadequate training of lifeguard; and

3. Floating swimming devices.

How to prevent pool-related injuries:

1. Guard your children — parents have the number one responsibility of watching over their kids, especially when they are in the water. If you lose sight of your child, check the water first. Remember, every second counts! It takes only minutes for a child to drown or to get hurt.

2. Maintain the facilities — always check if the pool is in good condition. Sharp edges, broken pumps and smashed tiles can be other causes of water-related injuries. Also ;

3. Clean the amenities — unclear water, slippery floors, among others can also hurt someone. Always make sure that the water and the facilities are clean.

4. Install gates and fences — always enclose your pool or open water sites in order to prevent other people, especially children to enter the premises without supervision and authority. If you will not be using your pool, install a net in order to prevent others from falling in on the water.

5. Learn CPR - It takes a while before the paramedics arrive. It is better if you know how to apply precautionary measures in case water-related incidents occur.

6. Drowning Injury Claims Lawyer — if you or a loved one had been involved with a drowning injury, consult your claim with a lawyer. Lawyers with the necessary knowledge and expertise on drowning injury claims can assist you in the best legally possible way.

To get the maximum result on your child’s drowning injury claim, seek the aid of our professional Los Angeles lawyers. Just log on to http://www.mesrianilaw.com/Drowning-Injury-Claims.html and take advantage of our free case evaluation services.

Prevent Road Rush to Avoid Motorcycle Crash
In this time and age, road safety has become a major challenge in almost any place in the world. Each year 50 million people are injured in road traffic accidents globally.

In Los Angeles alone, deaths or injuries due to motorcycle crash are rising fast. Added to its busy streets and highways are the large volume of vehicles that travel in and out of Los Angeles.

The dangers of riding motorcycle is real than apparent. By merely looking at its structure, no expert advice is necessary to tell you its dangers.

Apart from the rider’s fully exposed body and little protection during crash, weather conditions can substantially influence motorcycle riding. Moreover, its small frame is no match to the size of other vehicles on the road.

In case of an accident, consultation with Los Angeles motorcycle accident lawyers is advised.

Common Causes of Motorcycle Crash

Motorcycle crash is common to children and adolescents. In most crashes, the victims do not wear helmets.

Aside from not wearing helmets, injuries from motorcycle crash are caused by:

• Low conspicuity - Due to its small structure, motorcycles are less visible than other vehicles. It is advised that motorcycle drivers increase the use of reflective or fluorescent clothing, white or light colored helmets, and headlights. These are simple and cheap interventions that could considerably reduce motorcycle crash related injury and death.

• Speeding - Driving beyond the speed limit has been the usual culprit in most motorcycle crash and in all other accidents.

Safety Guidelines

Motorcycle riding is inherently dangerous. Steps must be taken to prevent collision with other vehicles or fatal crashes.

The following tips may be helpful to a safer motorcycle ride:

• Never cut in front of large vehicles - Fully loaded trucks weigh about 80,000 pounds and take the length of a football field to stop. On the other hand, cars weigh up to 3,000 pounds.

• Do not drive alongside large vehicles - There are large blind spots around trucks and other huge vehicles where cars shortly "disappear" from view and the driver cannot see you. To be visible motorcycle drivers should not linger near trucks and should move past them or slow down to back off, out of the blind spot.

• Avoid changing lanes - Change lanes cautiously. Only change lanes when you can see both of the truck's headlights in your rearview mirror. In case of trucks, its blind spot on the right runs the length of the trailer and extends out 3 lanes. Motorcycles riders should try to avoid passing through this large blind spot.

• Keep considerable distance - Try to leave a 10-car length safety cushion in front of another vehicle and stay back 20-25 car lengths. Following another vehicle too closely obscures your view. Trucks make wide turns at intersections and require additional lanes to turn, so motorists should allow a truck the space it needs to maneuver.

• Remain alert and always be prepared to avoid a crash

• Wear highly visible clothing especially at night

• Use headlight, even in daylight

• Communicate with the other drivers by using the proper signals, brake light, and lane position.

Our experienced Los Angeles personal injury lawyers are familiar with motorcycle accidents and other accident-related issues. You can access our website at http://www.personalinjurylawyerinc.com/ to avail of our free case analysis.

Jean is a content writer for the web page of one of the prestigious law firms in Los Angeles. She also worked as a legal analyst for a Florida based company and a paralegal to a credit cooperative. She hopes to publish her own book someday.

High Speed Car Collision
High-speed car chases, which ultimately end up in collision, are good to see in the movies. But when you're actually on it, either as driver or passenger, the party at fault or the victim, it's not good to see at all.

The news

Just last month, the Los Angeles Daily News reported a man who ends up dead due to a high-speed car collision in 405 Freeway. Witnesses said they saw the man drive at a high speed while weaving in and out of traffic. After the accident, the 52-year-old man had to be extracted from his vehicle. He died in the hospital.

Three more cars and an ambulance were reportedly involved in the collision, which "stretched across all southbound lanes." Four were injured, including a child.

High-speed car collision recorded more severe damages to persons and property than collisions involving slow moving or stationary vehicles.

The risks

The study conducted by the US Federal Highway Administration reveals that the risk of crash is increased both for vehicles traveling slower than the average speed and for those traveling above the average speed.

The risk of injury is recorded to increase exponentially with speeds higher than the median speed. The severity of the injury depends on the vehicle speed change at impact.

The study also reveals that lower speed limits across states do not necessarily result to lower speeds of vehicles. Moreover, most crashes related to speed involved high-speed for the conditions.

The common types

The common types of collision of two or more moving vehicles include frontal impacts, side impacts, rear impacts and rollovers.

Frontal impacts are hard to avoid during collision especially in freeways. Freeways are designed for high-speed travel and accidents in these roads are often fatal.

Side collision usually occurs at intersections, in parking lots, when vehicles pass on a multi-lane roadway or when a vehicle hits a stationary object.

Rear impacts often result from the untimely stop or decrease of speed of the first car. The following car hits the first due to lack of time to decrease speed or apply the break.

Rollover crashes result when the vehicle tips over as it skids sideways. In the US, about 28,000 cases of rollover accidents happen every year. Ten Thousand people die while 24,000 people are ruinously injured.

The legal consequences

Countless of those involved in high-speed car collision can face unavoidable legal consequences. Most jurisdictions in the US require parties to stop at the scene of the accident to exchange insurance information and the likes. If the driver speeds off, he can face charges of hit and run even if he was not the party at fault.

Civil actions for damages and other criminal suit may also be filed following a high-speed car collision. Civil liability may be made the basis to claim for damages, loss of income, medical and hospital expenses, actual cost of the repair of the vehicle, pain and suffering, among others.

Recourse to law is always advised to avoid deceitful and meager settlement sums. These types of cases often involve complex principles of law and evidence. They are better off dealt by professionals whose expertise includes resolving every issue brought about by high-speed car collision.

For credible legal advice and representation on your high-speed car collision cases, our car accident lawyers are always ready to render immediate legal assistance. Log on to http://www.caraccidentlawyerpros.com/High-Speed-Car-Collision.html for details.

Jamil Estorninos is currently jumbling work and law school. He is now only 5 units away from his law degree but 1.5 million miles away from his dream – to become the next John Grisham. He writes while waiting to become a force to reckon with in the legal world.

How to Lease Residential Property for Profit
Basically there are two ways to make money off your real estate investment. You can sell it at a higher price, or rent/lease it out. Finding possible buyers is not much different than finding possible tenants for your residential property. You can place ads at apartment complexes, shopping centers, and the local newspaper. Then you can hold open houses, arrange appointments to view the property, and negotiate terms. The most obvious benefit of renting out your residential property is that you earn money while still holding ownership over the property. Although it may sound great there can be problems. You could possibly get a bad tenant that skips payments or damages the property during his/her stay. Of course you have the authority to kick them out but the damage has already been done. You now have to deal with the costs of repairing the property, losing out on the earnings that would have been earned while you find another tenant, and the devaluing of your property because of the damage. To avoid bad tenants you need to screen them by asking them to fill out a rental application form. You should ask for all the information necessary to do a background check, evaluate their ability to pay, and you can ask for information that could be used to track them down incase they damage your property and skip town. After you’ve found your best candidate, you will need to legally protect yourself (and your tenant) with a Residential Lease. A Residential Lease is a form that lays out any terms and obligations you provide to the tenant or that you want your tenant to follow. Any policy('s) you have on things like rules on damages and repairs or your policy on subletting should be included in your Residential Lease. The Residential Lease legally protects you from any squabbles that often occur between tenants and landlords. What if their pet ruins the carpet? What if your tenant damages the wall(s)? What if your tenant misses a payment? What if your tenant abandons the property? It's best to clear these questions up immediately in your Residential Lease than argue about them later and not be able to do anything legally about them. Having a Residential Lease will legally protect you and your property. The benefits of having one is obvious and the consequences of not having a Residential Lease are alarming.

"How to Lease Residential Property for Profit" has been brought to you by LegalFormsBank.Biz, where you can download <a href="http://www.legalformsbank.biz">legal forms online</a>. Download your state's <a href="http://www.legalformsbank.biz/lease.asp">Residential Lease Agreement</a> today. We also have many other legal forms like your state's <a href="http://www.legalformsbank.biz/promissory.asp">Promissory Note Form</a>.

Let an expert LA Auto Collision Lawyer Help You
Los Angeles freeways and roads are notorious for its traffic and collisions. Each year there are hundreds or even thousands of automobile wrecks on LA freeway, highways, bridges and roadways.

Most car accident and other motor collision cases results in serious personal injury or even death. However, you do not need to worry there are auto collision lawyers to help you.

Armed with knowledge on auto collision accidents, they do understand the suffering and frustration one can feel about the accident. They never let you take the blow of an accident for so long; they focus themselves on the recovery for your immediate recovery.

In most instances, motor vehicle accidents may involve the following persons:

1. Drivers of vehicles involved in collisions where another driver was at fault

2. passengers in vehicle collisions whose drivers or the driver of another vehicle is at fault

3. when vehicles hit a pedestrian

4. cyclists and motorcycle riders hit by an auto vehicles

Under California and federal law, anyone who inflicts damages to another person would face a civil action suit from those who have been injured. If proven guilty, he/she must pay the plaintiff in the form of monetary and punitive damages.

Example of receivable monetary damages

• payment for the present and future earnings

• payment for medical expenses

• Compensation for pain and suffering

• payment for future medical treatment

• Compensation for the loss of enjoyment for life

In California, the payment for these damages is through the defendants' insurance companies. If the other driver has no liability insurance, your own policy may provide enough coverage to protect you.

Auto accidents lawyer will represent you in court proceedings and insurance claims. However, if you are partly at fault the court will equalize the benefits to both of you and the other person.

Ways to get more claims

Insurance often has a strict policy that made the victim unable to get a large compensation from the injury he/she suffer. In dealing with them, you have to provide them with all this documents and papers

Some things a victim should do to get a nice compensation

1. Bring a photograph of an injury- that is why all car owners are advice to bring their camera with them because of the possibility of getting evidence when you are involved in car accidents. The photograph will serve as evidence of the bruises and laceration, which is bound to heal with time.

2. Immediately seek medical attention- just keep in mind to choose the right doctor to enhance your chances in winning. A solid reputation and related expertise will be an advantage.

3. Put into writing all the expenses you have acquired from the accident- the receipts you have maintain will be used as a document to back you up in the account that you have suffered from the injury.

4. Do not talk to someone if not necessary- the words that may come out of your mouth will be used against you. Do not make a statement or sign any documents when your lawyer is not around.

Having prepared all the necessary documents you are now entitled to a personal injury claim. Your auto collision lawyer will gather, prepare and present the evidence, which is critical to your claim.

Overtime, the frightening and frustrating experience of an auto collision victim, dissipate through justifiable settlements that bring relief to him/her and its entire family.

LA auto collision lawyers do understand the sufferings and pain brought about by the accident that is why they do all the necessary things to help you receive a justifiable compensation.

For vehicle accident issues such as auto collision, you can consult with our expert Los Angeles accident lawyers. You can visit our website at http://www.askaccidentlawyers.com/ and avail of our free case assessment.

Before becoming a writer, Janice spent her time reading a lot of educational books. From this hobby, she soon discovered her passion for writing and took up Journalism. She became a paralegal writer, and worked as an editor/columnist to a magazine specializing on government and business affairs. Later on, she evolves herself into a legal writer of a famous Los Angeles based law firm.

Courtroom FEA: FEA = Finite Element Analysis
As a product liability professional, it is important that you know what Finite Element Analysis (FEA) can do for you. If you don't, your adversary might. Whether you serve plaintiffs, defendants or both, you're probably already familiar with FEA.

Simply put, if a loss, injury or death is due to something bending or breaking, FEA can help explain the failure.

An experienced FEA expert can determine the stresses and displacements in the failed part. When compared to industry standards, earlier designs and competitive designs, this often identifies the cause of failure, and hence the responsible party.

As in any field, your choice of an expert is important in making your case. It's not unusual for an inexperienced FEA analyst to generate incorrect results; this is both a warning to the wise and a strategy for dealing with the other side's expert.

FEA results lend themselves to color plots and animations, making conveying the key concepts to the jury much easier.

Steve Roensch is a mechanical engineering consultant with more than 20 years of professional experience. He has analyzed hundreds of product designs and has served as an expert witness across many industries, including giving depositions and court testimony. Learn more about <a href="http://www.FiniteElement.com" target="_blank">mechanical engineer</a> <a href="http://www.FiniteElement.com" target="_blank">expert witness</a> services at <a href="http://www.FiniteElement.com" target="_blank">www.FiniteElement.com</a>.

"Liability and Medical Malpractice"
Medical malpractice is a difficult area to talk about. What people think it is and what it actually is are different things. It is not simply any negative outcome resulting from an interaction with a doctor, medical malpractice is not that simple. "Practicing" is an interesting word when it comes to medicine as the jobs doctors do are not always done perfectly. Wondering why the number medical malpractice suits is on the rise? One possible reason is that doctors have been portrayed as being near perfect heroes on TV shows. A medical drama where the doctor always loses would not be watched. We've been conditioned to believe that doctors have all the answers and act with extreme precision and intuition. Real doctors aren't super-human. Another reason is that we look to doctors to solve both physical and mental problems for us and have given them our respect. We take it extremely personally when a doctor lets us down. A part of us wants to hurt the doctor because we are hurt. Especially if a loved one died as a result of their negligence (or what we think is their negligence). One more likely reason is that we have come to realize through the years that medical malpractice suits can be extremely profitable. In our society we're sometimes taught that we can turn our pain into money. Medical malpractice suits have become a huge payday for some people. These issues play an important role and are significant to the pursuit of these cases. This is not an easy thing to do as any medical malpractice attorney will tell you. Getting witnesses, expert opinions, investigating injuries and researching medical records are all involved in preparing a case. All the effort rarely pays off in the end. The reason? Doctors are not expected to be infallible by the law or their profession since they are not infallible beings. Doctors are required to act in reasonable ways by the laws of most states. They cannot be held legally accountable when reasonable actions cause injury. They cannot be held responsible if a mis-diagnosis ended in injury, disability or death, as long as the diagnosis was reasonable at the time they made it. Medical malpractice attorneys are aware these cases are emotionally painful for all involved. If it is not completely clear the doctor did something wrong you may be advised the mental anguish isn't worth pursuing the case. Doctors will rarely admit it even if they actually made an error. You will have to get a judge to convince them to admit an error or wrongdoing due to the cost and the blemish on their record. In many cases, an expert medical witness will need to testify and prove wrongdoing on the part of the doctor. The fact there are large payouts in these types of cases is true. There are often extremely large damages awarded. However, all malpractice suits are not worth a lot of money. No one hears about the lesser cases that are not worth pursuing. The last thing to remember is that you should never attempt a medical malpractice suit on your own. You will need to have the help of a medical malpractice lawyer no matter what happens. Many malpractice attorneys will not accept a case unless it's a slam-dunk. Some medical malpractice attorneys will gladly charge you for a case they know has no hope. Be sure to always get a second opinion when searching for an attorney to represent you in a medical malpractice case.

About Author:<br> Injury-Settlement-Guide.com teaches injured people how to protect their rights and obtain fair compensation for their damages. Learn more about <a href="http://www.Injury-Settlement-Guide.com/personal-injury-lawsuits.html">personal injury and liability </a> at this page on the free educational website: http://www.Injury-Settlement-Guide.com/personal-injury-lawsuits.html

Advantages of the Cyprus Economic Zone for Russian Companies
Nicosia, 27 June 2008 - Cyprus is one of the most advantageous places of residency for Russian and Ukrainian companies. It offers a high level of banking, auditing, accounting and legal services, as well as its real estates, which developed Cyprus into a successful international business and financial centre.
Some of the main factors and advantages which secure Cyprus ' attractiveness to international businesses and investments are the following:

1. 10% corporate tax rate for business profits;
2. No withholding taxes imposed on dividends, interest and royalties for non-residents (whether a company or an individual);
3. Income from dividends is exempt from income or corporation tax;
4. The attractive platform and tax regime that Cyprus provides for a holding company (i.e. subject to certain conditions full exemption from local taxation in respect of dividends received by a holding company from its local and foreign subsidiaries);
5. The attractive platform and tax regime that Cyprus provides for international trusts;
6. The network of favorable double taxation treaties that Cyprus maintains with more than 40 countries including Russia and most of the ex Soviet Union Republics;
7. Tax advantages available to non-residents including non - E.U. residents;
8. Cypriot tax regime permits losses to be carried forward indefinitely;
9. The geographic location of Cyprus, located at the crossroads of Europe, Asia and Africa;

One of the mentioned above factors is a double taxation treaty between Russia and Cyprus, which provides to Russians many tax advantages. Agreement was signed between Russia and Cyprus for the avoidance of double taxation with respect to taxes on income and capital, back on 17 August 1999. The treaty provides for either the exemption of income in the source country or the provision of tax credit in respect of the foreign tax paid by the country of tax residence.

Usually, Russian companies would pay 35 percent tax on profits, plus a 20 percent VAT tax, and a 40 percent tax for social security and employee benefits, in Russia. However, when Russian business is structured in a way that a Cyprus company owns it (which does not require any physical presence in Russia), all its profits will be legally transferred to Cyprus and is liable for only a 4.5 percent tax on profits and a 15 percent VAT tax. Russian business escapes the 40 percent tax for social services, accordingly. This tax advantage makes it possible to channel profits in the form of dividends at a reduced rate.

As for example, a Cyprus Holding company can be used for international investment purposes. Basically, it is use of the tax incentives and the treaties for the avoidance of double taxation. The most important advantage of a Cyprus Holding Company is that the dividends received by the foreign company can flow totally tax free in Cyprus through the Holding Company, avoiding in this way the payment of any tax on dividends. Furthermore, payments made to non-Cyprus Resident Shareholders there is zero (0) withholding tax, so the Shareholder receives the dividends absolutely tax free.

Payment of interest on loans is another advantageous method for Russian businesses. Under the Cyprus Law, Russian Company partly owned by Cypriot Company and paying its interest on loans to the Cypriot company, effectively minimizing its taxation. However, the interest payments are not necessarily will be paid to the Cyprus Company. It is the most effective method which allows Russian company to avoid almost all its tax payments.

Russian businesses which structured into a Cypriot companies for maintaining its business activities within territory of Russia, are able to transfer there revenue earned in Russia abroad in the form of dividends and interest, at considerable tax savings. Companies registered in Cyprus jurisdiction pay lower taxes than those paid in Russian jurisdictions.

All the above mentioned structures are based on "Cyprus economic zone" of reduced taxation and perfectly legal, furthermore its tax advantage may be enhanced even more when, under certain circumstances, is combined with other jurisdictions in appropriate legal structures.

In the last 30 years, Cyprus Law Firm has developed into a reputable international business and financial centre due to the very favorable tax regime that the island offers. The admission of Cyprus to the European Union as full member in May 2004, established Cyprus as a prestigious, stable and attractive jurisdiction.

Though the offshore company status was abolished as from January 1, 2003 the favorable tax regime for the international investor has been maintained. In addition, the liberalization of investments coming from non-EU countries and the abolition of maximum and minimum participation percentages in investments in all the sectors of the economy in October 2004 (unless it is otherwise provided by the Law), has transformed Cyprus into a major destination for the location of international, holding companies and worldwide investments.

Contact:
Ioannis John Neocleous, NCI Law Group
info@ncilawgroup.com
T: +357-22-680670

Author: Ioannis John Neocleous

NCI Law Group is an international law firm founded by <a href="http://www.ncilawgroup.com/"><b>Ioannis John Neocleous</b></a> that serves the needs of businesses, governments, non-profit organizations and individual clients around the world. <a href="http://www.kratosworldwide.com/"><b>Ioannis John Neocleous</b></a> leaders in Cyprus Law, Cyprus Company Registration, Cyprus Lawyers etc. Contact <a href="http://www.ncicapitalgroup.com/"><b>Ioannis John Neocleous</b></a> for any query regarding Legal Services.