On March 17th 2013, Cyprus, found itself in the spotlight of the world. The haircut “imposed” upon Cyprus bank accounts was the subject of much controversy. Nonetheless and despite the impact of this inevitable adjustment both in economic and societal terms, Cyprus remains an ideal investment regime provider.
The Law does not provide a comprehensive definition of ‘trusts’. Trusts law was largely developed by the courts on a case-by-case basis, and it is through the development of case law which has provided us with a better understanding of what a trust arrangement entails. The basic structure is as follows:
Malta is an ideal location for multinationals seeking cost and tax-efficient jurisdictions within the European Union. The legal, regulatory and fiscal framework in Malta, the use of English as business language, its qualified work force including the professionals in the legal, tax and financial services fields, and the relatively low operating costs are some of the ingredients that have contributed to the Malta being ranked among the top financial centers.
Competition and Antitrust law is of course an integral part of the business world, ensuring fair competition between competitors and guarding against one company dominating the market, and therefore limiting the choice and variety that the market is offered. To find out about the issues affecting the antitrust sphere at the moment, Lawyer Monthly speaks to Maria H. Kyriacou, a lawyer from the Corporate Department of Christodoulos G. Vassiliades & Co. LLC. She is also the head of the EU and Competition Law Department of the firm.
“Cyprus has an exceptionally advantageous tax system which justifies its reputation as one of the most attractive holding regimes worldwide” Christodoulos G. Vassiliades. Managing Director at Christodoulos G. Vassiliades & Co. LLC, spoke to Finance Monthly to highlight Cyprus’ appeal as a prime jurisdiction for holding companies.
Primarily, this article purports to examine the benefits presented by Cyprus’ tax regime. It will further analyse changes to Cyprus laws, voted pursuant to the implementation of the Eurogroup’s decision (taken in March 2013). However, the article seeks to ultimately demonstrate that although legislative modifications have been instigated, Cyprus upholds its much-deserved title as an ‘ideal investor’s destination’.
Our long lasting experience enables us to fully understand the needs of your business and contribute towards its success. In this publication, we will concentrate on the business development
between Cyprus and Moldova in the context of the new Double Tax Treaty signed during 2008 and enforced from January 2009. Furthermore, we will endeavour to understand the benefits offered by Cyprus as well as the purpose served by the Cypriot companies as holding, financing and licensing investment companies.
Irrespective of the tax benefits, it is important to mention that Cyprus is a common law jurisdiction and its Companies’ Law is based on the UK Companies Act of 1948. During the last few decades it has become known as an international financial center, located at the crossroads of three continents: Europe, Asia and Africa. Overall, Cyprus offers a unique European base for international
Our long lasting experience enables us to fully understand the needs of your business and contribute towards its success. In this publication, we will concentrate on the business development between Cyprus and the Czech Republic in the context of the new Double Tax Treaty signed in April 2009 and enforced from January 2010. Furthermore, we will endeavour to understand the benets oered by Cyprus to the Czech business world and the international cross border business, as well as the purpose served by the Cypriot companies as holding, nancing and licensing investment companies. We will close our publication, with the suggested application and the use of the international collective investment schemes set up in Cyprus as
well as the benets obtained by an International Cyprus Trust.
This publication will concentrate on the business development between Cyprus and Poland in the context of the Double Tax Treaty and the new Protocol ratified in August 2012 which is expected to
further develop the cooperation potentials of the two contracting states in the upcoming years.