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Obtaining Citizenship by Investment (Issued January 2012)

Obtaining Citizenship by Investment (Issued January 2012)

CRITERIA AND CONDITIONS OF CITIZENSHIP BY EXEMPTION Criteria and conditions for providing citizenship by exemption to foreign investors/entrepreneurs according to Annex 2(f) of the Third Table of the Civil Registry Laws 2002-2011 (Proposal no.879/2007) were amended by Decision of Council of... (Continue reading)

DOUBLE TAXATION AGREEMENT Germany-Cyprus

DOUBLE TAXATION AGREEMENT  Germany-Cyprus

In their efforts to maintain and empower their economic and commercial relationship, Cyprus and Germany have signed an agreement for the avoidance of double taxation on income on the 18th February 2011. The new agreement is based on the 2003... (Continue reading)

TAX UPDATE

TAX UPDATE

On the 14th of December 2011 the Cypriot House of Representatives approved a number of new measures, which aim at the improvement of public finances without jeopardizing the competiveness of Cyprus as a financial centre. 1. Loans and financial assistance to... (Continue reading)

Cyprus: A Tax Haven for Arab Investors?

Cyprus: A Tax Haven for Arab Investors?

Cyprus has for the past few years been removed from the OECD tax haven list and it is now included amongst the Jurisdictions that have substantially implemented the internationally agreed tax standard. Since Cyprus’ accession in the EU in 2004, the... (Continue reading)

Strategic Growth Plan for the term 2010 – 2012

Strategic Growth Plan for the term 2010 - 2012

New six floors offices building approximate investment of €2.7mln and 860 square meters space plus 32 parking places to be delivered by June 2012. Eighteen to Twenty Two Lawyers. Thirty to Thirty-five persons total staff. Working under LLP structure. Full paperless filing and communication... (Continue reading)

Democritos Aristidou & Co Real Estate

Democritos Aristidou & Co Real Estate

Democritos Aristidou & Co Real Estate  – Property Department working together with the Corporate Department, proudly announced the conclusion of the biggest property sale in Cyprus for the year 2009 up to today. Constantinos Aristidou partner was representing the Vendors... (Continue reading)

Real Estate Department concluded Major Sale

Real Estate Department concluded Major Sale

Democritos Aristidou & Co real estate department led by Constantinos Aristidou partner has just concluded a major sale of more than 24.000 sq. meters residential land situated at Trachoni village of Limassol district, representing the Vendors. The purchase price reached the... (Continue reading)

Cypriot and Russian Securities Commissions sign MoU

Cypriot and Russian Securities Commissions sign MoU

Cyprus Securities and Exchange Commission and Federal Financial Markets Service of Russia signed today a Memorandum of Understanding and Cooperation. A press release issued here today, notes that the Memorandum was signed in Moscow by the President of the Cypriot Commission... (Continue reading)