A DTT between Cyprus and Kazakhstan has been signed and ratified by Cyprus on the 15th of May 2019. The DTT is expected to “enter into force’ as from the 1st of January 2020, provided that the various legal procedures involved are finalized. Kazakhstan currently has the largest and strongest performing economy in Central Asia. […]
QUESTION ONE – What are the most common structures used when international clients want to form a company in your jurisdiction? Any examples? Cyprus offers an attractive and transparent tax regime, fully compliant with EU, OECD and international laws and regulations. Its main features include one of the lowest corporate income tax rates in the […]
The past decade has seen a marked increase in effort from the international community to combat money laundering. As new opportunities to launder money have arisen, aided by technology and […]
Read moreThe law firms of STELIOS AMERICANOS & CO LLC and CH.P. SAVVIDES & ASSOCIATES LLC with great pleasure announce that they have merged. The law firm Stelios Americanos and Co LLC (the “Law Firm”) now incorporates by way of merger the law firm Ch. P. Savvides & Associates LLC and, as a result, the partners, lawyers and employees of Ch. P. Savvides & Associates LLC have […]
UPCOMING INTERNATIONAL TAX CHANGES – CYPRUS Anti-Tax Avoidance Directive. The Cyprus Ministry of Finance has presented to the Parliament legislation in view of the implementation of the European Union Anti-Tax Avoidance Directive. The main issues addressed by the Directive and included in the law are:1. Interest limitation: to challenge artificial debt arrangements2. Controlled foreign […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Stella Strati of Pagecorp Group. Stella has joined IR as our exclusive Tax (Private Client) Member in Cyprus. Based in Cyprus, Pagecorp Group is a leading provider of corporate and other professional services in the local and international markets. Having long experience in […]
The Cyprus Investment Programme has been redesigned by the Cyprus Government in order to continue to attract high net worth individuals to settle and do business in Cyprus. The Key Changes will be applicable from the 15th of May 2019 and include the following: Key Changes Introduced Compulsory donation of €75,000 to the Cyprus Land Development […]
Stelios Americanos & Co LLC, participated at INSOL EUROPE 3-day seminar on Insolvency which took place atHilton Cyprus. INSOL Europe is the European organisation of professionals whospecialize in insolvency, business reconstruction and recovery. www.insol-europe.org The conference was attended by many professionals including judges, state officials, bankers, law practitioners, accountants, auditors, financial advisors and insolvency practitioners and […]
Stelios Americanos & Co LLC Shipping Practice The Cyprus flag has had unprecedented success in the last few years, rising to a position of prominence in world shipping. Shipping is dominant in Cyprus due to the country’s excellent geographical position, the significant number of bilateral treaties for the avoidance of double taxation concluded by Cyprus […]
BVI: New substance legislation – re-domiciliation to Cyprus Background In response to the requirements of the EU Code of Conduct Group, the British Virgin Islands has enacted new legislation setting out an economic substance test for tax-resident entities. The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) came into force on 1 January […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Iakovos Kounnamas of KPI Services. Iakovos has joined IR as our exclusive Accounting Services Member in Cyprus. Iakovos was providing audit and assurance services to a wide range of clients including companies/groups operating in shipping, manufacturing, financing, investment and property holding […]
WORLD SHIPPING LAW FORUM, ATHENS JANUARY 2019 Stelios Americanos & Co LLC, participated in WORLD SHIPPING LAW FORUM in Athens that has taken place on the 25th January 2019. The conference took place at N.J.V. Athens Plaza. The conference was attended by over 150 members and afforded the possibility to hear from experts on a […]
