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Action Plan to Attract Companies to Operate and/or Expand their Activities in Cyprus Presented by the Ministry of Finance

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Action Plan to Attract Companies to Operate and/or Expand their Activities in Cyprus Presented by the Ministry of Finance The Minister of of Finance Mr. Konstantinos Petridis on behalf of the Republic of Cyprus, presented on 15th of October 2021 the Action Plan/Strategy for attracting companies to expand their activities in Cyprus. The incentives given include residence, employment, taxation as well as simplification and digitisation of procedures in order to promote the Republic of Cyprus as an attractive investment destination. The Action Plan is a comprehensive Strategy including twelve (12) targeted actions in five (5) pillars taking into account the best practices from...

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On 14th October 2021 our senior lawyer, Panayiotis A. Koussis participated as one of the speakers in the 2nd Conference of the Technology Committee of the Cyprus Bar Association on “Law & Technology: Challenges and Practical Applications”.

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On 14th October 2021 our senior lawyer, Panayiotis A. Koussis participated as one of the speakers in the 2nd Conference of the Technology Committee of the Cyprus Bar Association on “Law & Technology: Challenges and Practical Applications”. His presentation was focused on the Introduction of Cryproasset Service Providers (CASPs) in Cyprus after the enactment of the EU Directive to national law. The conference also covered topics in relation to Cryproasset Service Providers (CASPs), Emerging Technologies and Law, eIDAS & Electronic Signatures, Digital Forensics and eDiscovery. You can download the presentation here. If you are interested in watching the full conference, you can find the...

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Τhe Minister of Transport, Communications and Works held a meeting with the Shipping and Aviation Committee of the Cyprus Bar Association represented by our CEO/Managing Partner Mrs. Alexandra Pelaghias-Christodoulou and Mr. Xenios Xenopoulos

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A meeting was held on the 27th of July at the Ministry of Transport, Communications and Works between the Minister Mr. Yiannis Karousos and the Shipping and Aviation Committee of the Cyprus Bar Association represented by Mr. Xenios Xenopoulos and Mrs. Alexandra Pelaghias-Christodoulou. The aim of the meeting was to exchange views and suggestions on how Cyprus could be an International Aviation Center. In this respect, the Shipping and Aviation Committee presented an Action Plan to the Minister stating that with the creation of an International Aviation Center in Cyprus the relevant sector will be developed and new job positions will...

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Ανακοίνωση για Επιβολή Ετήσιου Τέλους Επαγγελματικής Άδειας από την Ένωση Δήμων / Announcement Imposition of Annual Professional License Fee from the Association of Municipalities.

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ΑΝΑΚΟΙΝΩΣΗ ΓΙΑ ΕΠΙΒΟΛΗ ΕΤΗΣΙΟΥ ΤΕΛΟΥΣ ΕΠΑΓΓΕΛΜΑΤΙΚΗΣ ΑΔΕΙΑΣ ΣΕ ΕΝΕΡΓΑ ΝΟΜΙΚΑ ΠΡΟΣΩΠΑ ΠΟΥ ΕΧΟΥΝ ΤΗΝ ΕΔΡΑ ΤΟΥΣ ΣΤΟ ΔΗΜΟ ΛΕΥΚΩΣΙΑΣ Αγαπητοί μας πελάτες και συνεργάτες, Με την παρούσα, φέρουμε εις γνώση σας την ανακοίνωση που λάβαμε από τον Δήμο Λευκωσίας, εντός των δημοτικών ορίων του οποίου ευρίσκεται η διεύθυνση των γραφείων μας. Η ανακοίνωση αυτή αφορά την απόφαση που λήφθηκε σύμφωνα με τα άρθρα 104 και 105 του Περί Δήμου Νόμου 111/1985 για την επιβολή «Ετησίου Τέλους Επαγγελματικής Άδειας» επί ενεργών εταιρειών που έχουν ως διεύθυνση τα γραφεία μας και που είτε έχουν εδώ το εγγεγραμμένο γραφείο τους (επίσημη έδρα) είτε από εδώ...

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Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing (Crypto Asset Service Providers Register) issued on 25 June 2021

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Cyprus Securities and Exchange Commission (CySec) has issued the Directive for the Registration of Cryptoasset Service Providers (CSPs) in accordance with section 61E of the Law 188(I)/2007 (Law), the national Law transposing the Anti-Money Laundering and Counter Terrorist Financing Directive 2018/843 (AMLD5) in Cyprus. According to the Law, providers carrying out activities in relation to cryptoassets must comply with the AMLD5 and register as a Cryptoasset Service Providers, in the CySec designated Register before the commencement of such activities. The Directive regulates the registration and withdrawal of any registration, any material changes to each registration, the organisational and operational requirements for...

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First-time Double Tax Treaty between the Republic of Cyprus and the Kingdom of Netherlands was signed on 1st June 2021 and ratified by the Republic of Cyprus on 4th June 2021

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The Republic of Cyprus and The Kingdom of The Netherlands have signed on 1st of June 2021, a Double Tax Treaty for the first time after various negotiations throughout the years. The Treaty follows READ MORE...

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Our Partner, Giorgos Avraamides participated as a speaker in the Great Britain – Cyprus Business Association’s 7th international webinar titled “Moving closer to the ‘New Normal’ How ready are we? What changes we should expect”.

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Our Partner, Giorgos Avraamides participated as a speaker in the Great Britain – Cyprus Business Association’s 7th international webinar titled “Moving closer to the ‘New Normal’ How ready are we? What changes we should expect” on May 18th 2021. His presentation, focused on Cyprus as a destination for headquarter establishment and relocation as well as the policy for the employment of third country nationals in Cyprus for Companies of Foreign interests. The webinar also covered topics in relation to the Hospitality Industry, the Permanent Residence Permit & New Investment Criteria, Cyprus International Trusts & Investment Funds. You can download the presentation here. If you...

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Ανακοίνωση προς Πελάτες και Συνεργάτες για την Πρώτη Οδηγία για το Μητρώο Πραγματικών Δικαιούχων.

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Following the announcement / circular that we issued on 02/03/2021 regarding the establishment of the Ultimate Beneficiary Register, the Registrar of Companies as the competent Authority issued on 12/3/2021 the first read more...

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Ανακοίνωση προς Πελάτες και Συνεργάτες για το Μητρώο Πραγματικών Δικαιούχων

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Αγαπητοί Πελάτες/Συνεργάτες, Σας υπενθυμίζουμε ότι με βάση την νομοθεσία που αφορά την παρεμπόδιση του ξεπλύματος παράνομου χρήματος και χρηματοδότηση της τρομοκρατίας που τροποποιήθηκε στη Κύπρο το 2018 αλλά και στα πλαίσια υιοθέτησης της 4ης Ευρωπαϊκής Οδηγίας, προβλέπεται η σύσταση κεντρικού μητρώου πραγματικών δικαιούχων εταιρειών και άλλων νομικών οντοτήτων. Το Υπουργικό Συμβούλιο δυνάμει της εν λόγω νομοθεσίας (Ν13(Ι)/2018) αποφάσισε στις 16/12/2020 τον τρόπο εφαρμογής του κεντρικού μητρώου πραγματικών δικαιούχων εταιρειών και άλλων νομικών οντοτήτων. Δυνάμει της εν λόγω απόφασης του Υπουργικού Συμβουλίου, αποφασίστηκαν μεταξύ άλλων τα ακόλουθα: 1. Διορισμός του Έφορου Εταιρειών και Επίσημου Παραλήπτη, ως η αρμόδια αρχή για την τήρηση του κεντρικού Μητρώου Πραγματικών Δικαιούχων εταιρειών και άλλων νομικών οντοτήτων; και 2....

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Pelaghias, Christodoulou, Vrachas LLC is pleased to announce the appointment of Mr. Giorgos Avraamides as the firm’s newest Partner, effective January, 2021.

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Giorgos Avraamides was born in Nicosia, Cyprus. He graduated from the University of Surrey in Law with honours (LLB) in 2011 and obtained his LLM in Commercial Law from the University of Bristol in 2012. He was admitted as a Member of the Cyprus Bar Association in 2013 and has been practicing law ever since. Giorgos Avraamides joined the law firm of Pelaghias, Christodoulou, Vrachas LLC in 2012. He is the Head of Legal and Financial Services. Giorgos has achieved his position with persistent and successful work and as partner will continue to further develop the firm’s values, mission and vision. Sincerely, Petros Vrachas –...