Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Cyprus > Legal Developments > Law firm and leading lawyer rankings



The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions.

The new legislation will introduce economic substance requirements for all companies and limited partnerships which are registered and tax resident in the BVI and will mandate that every corporate service provider registering a company that falls under the scope of the legislation will have to know where the company or limited partnership is tax resident and must be ready to relay that information to the BVI’s competent authorities.

The legislation will also require that in the case that a company of limited partnership is tax resident in the BVI, it must demonstrate economic substance and must carry out core income generating activities in BVI.

These include banking business, insurance business, fund management business, finance and leasing business, headquarters business, shipping business, holding business, intellectual property business, distribution and service centre business.

The legislation will be approved and becomes law by December 31, 2018, the deadline set by the European Union.

Please contact:

Juliana Kyriakides, or

Helen Panteli,

for further information and/or clarifications.

International Law Firm Networks