THE CYPRUS REGULATORY SANDBOX

CySEC’s call for views The Cyprus Securities and Exchange Commission has launched a call for views on establishing a Regulatory Sandbox[1]. The Call and accompanying Press Release were circulated on 16th March 2022 on CySEC’s Website (the “Call”) and invites stakeholders across the financial services industry to provide their own feedback on establishing a Regulatory …

Important Tax Amendments – December 2021

Cyprus companies corporate tax residency On 9 December 2021, the Cyprus Parliament approved the expansion of the definition of corporate tax residency for Cyprus companies to additionally include the incorporation test.

Global Knafaim advised by Stelios Americanos & Co LLC on acquisition of 49.9% of TUS Airways

Stelios Americanos & Co LLC advised the Israeli group Global Knafaim in a $5 million transaction pursuant to which the later acquired a 49,9% in the share capital of TUS AIRWAYS LTD, a Cypriot airline headquartered in Larnaca. Existing shareholder, Kenneth Woolley also invested an additional $4 million increasing the amount of the total transaction …

Cyprus New Business Attraction Strategy, for High Technology, Shipping, Innovation and R & D

The Government presented the new strategy for attracting skilled workforce and companies in Cyprus on Friday 15 October 2021. This new strategy is mainly focused on high technology, shipping, innovation, and research and development. The new strategy includes a series of incentives concerning residency, taxation, employment and simplification and digitization of the current procedures. The …

An Overview: Blockchain and Cryptocurrencies – Business Trends & Regulatory Developments

Our Partner Dr. Charis Savvides delivered and intense seminar at Global Training (Cyprus), on Tuesday, 07 September 2021, at 09:00am. The seminar presented the current and under development regulatory framework on digital assets, addressing the key legislations and regulations which affect or be affected by the disruptive nature of crypto-transactions. You can view the presentation …

Start-up Companies in Cyprus

Chloe Americanos and Arianna Mouskou, of Stelios Americanos & Co LLC delivered a Webinar regarding Start-up companies, their formation, development, growth and the challenges that aspiring entrepreneurs are facing during their entrance to the start-up world.

Coinfirm & Stelios Americanos & Co LLC – RegTech Alliance

Coinfirm, the industry-leading RegTech provider and Stelios Americanos & Co. LLC, a highly innovative Cypriot law firm, today announce their joint cooperation.

Cloud-based IT management company Apptio has acquired enterprise agile planning start-up Targetproce

Stelios Americanos & Co LLC has joined Dentons New York in assisting Zubr Capital and the European Bank for Reconstruction and Development (EBRD) in a multimillion transaction in relation with their exit from the investment in Enterprise Agile Planning company Targetprocess, following its purchase by Apptio, a leading provider of technology business management solutions. 

Permanent Residency Programme – 3rd Revision – expedited Procedure

Pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior has decided to revise the current permanent residency programme (the “Programme”) to include additional investment criteria other than investment in real estate with the purpose of attracting foreign investors and their families to invest in Cyprus.

Coinfirm and Stelios Americanos & Co LLC – RegTech Alliance

Coinfirm, the industry-leading RegTech provider and Stelios Americanos & Co. LLC, a highly innovative Cypriot law firm, today announce their joint cooperation. – 23rd February, London, UK / Nicosia, Cyprus.