The BVI Internal Tax Authorities issued recently their guidelines as to Economic Substance. The following are the main issues to be considered: 1. Is the entity obliged to comply? Entities obliged to comply with the economic substance legislation: (a) is the entity of a type which falls within the economic substance legislation?(b) if it is, […]
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STELIOS AMERICANOS & CO LLC, participated as legal advisors, in the first European Wool Exchange (EWE) meeting that took place in Biella, Italy on the 9th and 10th of October 2019. The Firm was represented by lawyer Kyriaki Christofi. The participants of the meeting were representatives from different countries of Europe (Italy, Cyprus, Slovenia, […]
STELIOS AMERICANOS & CO LLC, being a member of IGAL, participated in IGAL AGM 2019 in Frankfurt Germany during the following dates: 25th September 2019- 28th September 2019. Michalis Zambyrinis lawyer represented the firm. IGAL is a leading business network of legal and accounting firms whose members offer superior services related to legal, financial, tax and […]
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Stelios Americanos & Co. has undertaken the legal advice of Aenigma Solutions Ltd, a Cyprus based company that specializes on providing multi-level consulting services about cryptocurrency exchanges and liquidations globally, as well as forensic investigation checks on the blockchain. The company is managed by a group of young entrepreneurs from different backgrounds, who are already […]
The scope for enhancing economic relations and business ties between Kazakhstan and Cyprus is immense, Cyprus’ Minister of Finance said in his opening address at the Conference “CIS – Kazakhstan – Cyprus – Business Cooperation Heralding the New Era”, held Thursday in Limassol. The Conference was organised by the Cyprus Chamber of Commerce and Industry […]
Ukrainian Business Forum 2019 Everything entrepreneurs need to know about taxes, law, finance and investing! The Ukrainian Business Forum will be held on 24 September 2019 in Kyiv and it will feature discussions on the legal, financial and investment trends, uniting more than 300 delegates, top managers, attorneys, bankers and immigration experts. Stella Strati, General […]
Cyprus continues to address every facet of its maritime offering to lure more ship owners to the island. The country’s deputy minister for shipping Natasa Pilides has revealed plans to abolish initial ship registration fees to boost one of Europe’s fastest growing flags. Members of parliament will vote on the issue later this month with […]
Your fellow members; Andreas Demetriades & Co the exclusive Real Estate member in Cyprus, are pleased to announce an addition of a new practice area of Immigration Law to their IR Global Membership. This new position adds further strength to their membership and offers further support for fellow members in the area. Demetris Demetriades will be the go-to member for […]
Cyprus Implements ATAD In light of EU Anti-Tax Avoidance Directive (ATAD), the Cyprus House of Representatives on April 5, 2019 voted into law (applicable from January 1, 2019) the partial implementation of legally-anti-abusive measures. These measures include the ‘interest limitation’ rule, the ‘general anti-abuse’ rule, and the ‘controlled foreign companies’ rule. The rest two measures […]
According to article 24 of the Assessment and Collection of Taxes Law No. 4 of 1978 as amended, every company and every individual (self-employed, with chargeable income other than salaries, pensions, dividends and interest) registered with the local Tax Authorities should consider whether a provisional tax payment would arise based on their expected annual taxable […]
