Firm Profile > STELIOS AMERICANOS & CO LLC > Nicosia, Cyprus


Commercial, corporate and M&A Tier 2

The team at STELIOS AMERICANOS & CO LLC has expertise in advising firms on ‘everyday questions to complex deals involving escrow, pledges, M&A, and the restructuring of deals’. It has a particularly strong track record acting on cross-border M&A, especially in the real estate, tourism, and energy sectors. In 2019, the firm acquired local firm Charis Savvides & Co LLC, a move which has augmented the team’s strengths in this area. Stelios Americanos (‘a superb lawyer who knows how to get the job done’) and Michalis Zambyrinis (‘pays attention to details and provides accurate and easy-to-understand advice on even the most complicated issues’) are names to note.


‘Partners are always available 24/7. They are hands on and not merely supervising, which has an excellent impact on the quality of the transaction.’ 

‘Michlalis Zambyrinis, with whom we have worked together is diligent, pays attention to the details and provides accurate and easy-to-understand advice on even on the most complicated issues.’

‘We’ve been working with Stelios Americanos & Co LLC: from everyday questions to complex deals involving escrow, pledges, M&A, and the structuring of deals etc. Despite the size and amount we’ve been always receiving the best advice – always prompt, always very professional, always the best choice for the client.’ 

‘I prefer to work with either Stelios Americanos or with Juliana Kyriakides. Both are very professional, always reply the same day so I can rely on getting feedback in time. Their deep knowledge combined with the firm’s wide practice is a killing combo fitting all of our needs.’

‘Excellent legal practice with an understanding of the commercial aspects underpinning transactions. High responsiveness and intelligent advice.’

‘Stelios Americanos is a superb lawyer who knows how to get a deal done. He is able to advise clients both on the legal implications of any actions, as well as the local market regulatory and commercial ecosystem.’ 

Key clients









Diamond Group


Olympic Capital

ClassOne Ltd

K. Athienitis Contractors Developers Public Ltd


PAP Medical

B2 Kapital

Green Olive Firms

Banking and finance Tier 3

The ‘extremely professional and efficient’ team at STELIOS AMERICANOS & CO LLC handles a broad range of cross-border transactions, namely acquisitions, project financing, and real estate financing. The firm has experience acting for lenders and borrowers, particularly on inward investment to Commonwealth of Independent States and Eastern Europe countries. Clients include local and international commercial and investment banks, investment funds, governmental institutions, and corporate borrowers. Despina Americanou heads the team. Another key practitioner is managing partner Stelios Americanos, who ‘can think outside of the box and displays exceptional attention to detail’ on banking matters.

Practice head(s):


‘The Banking & Finance team of Stelios Americanos & Co LLC is extremely professional and efficient in all engagements and dealings. They are hard working and have very good industry knowledge. Within project development, the firm is highly specialised in real estate financing projects and we regularly engage their services for these matters.’

‘Olga Petrova provides timely and clear advice and understands our business objectives well.’ 

‘The team is very responsive and client-oriented.’ 

‘Stelios Americanos and Despina Americanou are very sensitive to the client’s needs and always try to provide as much practical advice as possible.’ 

‘Stelios Americanos is a great lawyer with excellent capabilities, expertise, a lot of experience, and is very practical and efficient.’ 

‘Strong understanding of regulatory landscape and ability to work well with banks and regulators.’ 

‘Stelios Americanos has exceptional knowledge of local laws, as well as strong personal relationships with all major banks. He can think outside of the box and displays exceptional attention to detail.’

Key clients

Bank of Cyprus


Alfa Bank Greece

Alfa Bank Ukraine

Otrikite Bank

Eurobank A.G


Credit Europe Bank Ltd

Hines International Fund Management Company


Bank Of Moscow

Dispute resolution Tier 3

At STELIOS AMERICANOS & CO LLC, corporate litigation is the cornerstone work of the practice. Interim injunction proceedings and pre-emptive remedies are two areas of expertise. The firm deals with both local and international clients, and cases usually involve an international element. The team comprises ‘many young but knowledgeable individuals ready to think outside of the box'. Practice head Soteris Costa and senior associate Akis Koumas – a ‘very experienced litigator’ – are key contacts.

Practice head(s):


‘The team comprises many young but knowledgeable individuals ready to think outside of the box, utilizing the experience of the more senior lawyers, allowing the firm to produce the best possible results and suggest the best strategies for handling any kind of dispute.’ 

‘Akis Koumas, being one of the firm’s senior lawyers, is a very experienced litigator and his thoroughness can be impressive, but it is his high moral standards combined with his professionalism that make him stand out. Chrysanthi Epifaniou is one of the younger members of the firm but yet one of the most resourceful and eager to learn litigators adding significant value to the litigation team.’

Key clients

Bank of Cyprus

Alfa Bank Ukraine

Arricano Real Estate PLC

KA Finanz AG

PJSC Ukrsotsbank


K. Athienitis Contractors Developers Public Ltd




Tashir Group of Companies

Malgorzata Zak

Alexander Lebedev

South Automobile Group LLC

Awendale Resources INC

Magnus Group

CRI Group

Muscari Property S.A.

Avanen Holdings Ltd

Real estate and construction Tier 3

Property acquisitions, construction agreements and assistance with land registry procedures feature prominently in STELIOS AMERICANOS & CO LLC’s practice. Clients include multinational companies and domestic property owners. Managing partner Stelios Americanos leads on the work.

Practice head(s):

Key clients












ClassOne Ltd



The firm: Stelios Americanos & Co LLC is a full-service commercial law firm with its headquarters in Nicosia, specialising in corporate and commercial law, banking finance, litigation, tax and financial advisory services.

The firm assembled a dynamic team working with cutting-edge technology and quickly established an enviable reputation for providing an efficient and competent service. It has become a leading niche firm for corporate work. The firm’s clients are guaranteed continuous and tailored support combined with a positive and constructive approach, and the ability to solve complex legal and tax problems with a business-oriented mentality.

The firm has an impressive list of local and international clientele that includes major banking and finance institutions, investment firms, industrial organisations, major contractors, leading international law firms, multinational corporations and high-net-worth individuals.

The firm has worldwide contacts with reputable legal and advisory practices and is able to assist clients with all aspects of their cross- border transactions.

The firm regularly advises governmental and semi-governmental organisations, major financial banking institutions, public companies, single-owned start-ups and multinational corporations in high profile asset finance, project finance and securitisation and on complex cross-border transactions including mergers and acquisitions and restructuring.

The firm has also established an excellent reputation for its corporate litigation department, achieving remarkable results in a number of high profile litigation cases involving cross-border transactions.

Members of the firm are very active in various professional associations and take part as speakers in international conferences and seminars while regularly publishing articles and contributions in a variety of matters related to Cyprus Law.

Recent awards include: Banking and Finance Law Firm of the Year in Cyprus for 2016 by Corporate International Global Awards and Cyprus Corporate and Commercial Law Firm of the Year 2017 by ACQLAW.

Areas of practice: Corporate: formation, acquisition and dissolution of companies in Cyprus and abroad; corporate governance management and secretarial services; insolvency services; trustee fiduciary services; advising on shareholders issues, including advice on the drafting negotiation and implementation of subscription and shareholders’ agreements; capital increases, equity contribution and differentiation of class rights venture capital financing; and redomiciliation of companies.

Commercial: cross-border transactions and joint ventures; agency, distributorship and franchise agreements; private and public offerings and takeovers; sophisticated structures involving Cyprus entities; securities law compliance; and all intellectual aspects of commercial transactions.

Real Estate & Construction:  The firm’s real estate team deals with all matters related to immovable properties.

The firm advises both individual and corporate clients on:

  •  Property due diligence
  • Advising on and negotiating the terms of acquisitions, sales and transfers
  • Advising on financing and licensing involving commercial and residential property
  • Sale-purchase agreements
  • Acquisition of property by non-residents
  • Property management for non-residents
  • Review, negotiation, drafting and conclusion of construction agreements and rental agreements.
  • Wills, probate and re-sealing’s and estate administration

Mergers and Acquisitions: structuring and tax optimisation of mergers, acquisitions and joint ventures; financial and tax due diligence in connection with acquisitions involving Cyprus companies; drafting and negotiation of subscription/share purchase agreements, shareholders and joint venture agreements; legal and tax advice on corporate, regulatory, securities, competition, labour and enforcement matters.

Banking and Finance: reviewing or drafting of project finance and security documentation; advice on the priority, perfection and enforcement of different types of securities; advice on corporate and tax matters; advice on stamp duty and proper execution of documents; advice on conflict of law issues; issuance of the relevant legal opinions covering corporate power authority and the legality, validity and enforceability of the Cyprus law governed documents.

Litigation and Arbitration: national and international arbitration; banking and financial; stock exchange and securities legislation; taxation; bankruptcy; enforcement of foreign judgments and arbitration awards; pursuing interim pre-emptive remedies.

Department Name Email Telephone
Corporate, commercial and M&A Stelios Americanos
Corporate, commercial and M&A Soteris Costa
Corporate, commercial and M&A Xenia Kalogirou
Corporate, commercial and M&A Kyriaki Christofi
Banking and finance Despina Americanou
Banking and finance Olga Petrova
Banking and finance Xenia Kalogirou
Banking and finance Michalis Zambyrinis
Litigation and arbitration Soteris Costa
Litigation and arbitration Eve Karaviotou
Litigation and arbitration Akis Koumas
Litigation and arbitration Chrysanthi Epifaniou
Litigation and arbitration Andreas Parpas
Corporate management and fiduciary services Juliana Kyriakides
Corporate management and fiduciary services Kyriaki Christofi
Financial services Len Judes
Financial services Xenia Kalogirou
Real estate and construction Michalis Zambyrinis
Real estate and construction Thanos Fiakas
Immigration and citizenship Stelios Americanos
Immigration and citizenship Thanos Fiakas
International tax planning Michalis Louca
International tax planning Len Judes
Trusts and inheritance Michalis Zambyrinis
Trusts and inheritance Kyriaki Christofi
Ship registration and finance Kyriaki Christofi
Public procurement/administration Stelios Americanos
Public procurement/administration Christoforos Tsekouras
Fund registration and administration Xenia Kalogirou
Fund registration and administration Kyriaki Christofi
Capital markets, IPOs and securities Despina Americanou
Capital markets, IPOs and securities Michalis Zambyrinis
Energy Stelios Americanos
Energy Xenia Kalogirou
Intellectual Property Despina Americanou
Intellectual Property Christoforos Tsekouras
Financial and Investment Regulatory Compliance Charis Savvides
Restructuring, Receivership and Liquidation Charis Savvides
Innovation and Blockchain Charis Savvides
Accounting and Taxation Andreas Michaelides
Photo Name Position Profile
Mr Stelios Americanos  photo Mr Stelios Americanos Managing Partner in charge of the Corporate and Commercial department, heads a…
Ms Despina Americanou  photo Ms Despina Americanou Partner 
Mr Soteris Costa  photo Mr Soteris Costa Partner 
Ms Chrysanthi Epifaniou  photo Ms Chrysanthi Epifaniou Associate Lawyer
Mr Thanos Fiakas  photo Mr Thanos Fiakas Advocate / Lawyer
Ms Xenia Kalogirou  photo Ms Xenia Kalogirou Lawyer 
Mr Morfakis Koumas  photo Mr Morfakis Koumas Mr Koumas is a qualified lawyer with a considerable experience in litigation…
Mr Andreas Parpas  photo Mr Andreas Parpas Advocate
Ms Olga Petrova  photo Ms Olga Petrova Olga has experience in both Russian and Cyprus corporate and banking law.…
Mr Michalis Zambyrinis  photo Mr Michalis Zambyrinis Advocate-Lawyer 
Number of lawyers : 20
at this office : 16
International Bar Association
Cyprus Bar Association
International Tax Planning Association
Leaders in Law
Other offices : Athens

Israeli Conference

The Cypriot law firm Stelios Americanos & Co LLC organized on 17 February 2020 its first international conference for the year in Tel Aviv in Israel.

Kazakhstan And Cyprus, Business Ties Enhance Economic Relations

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.

Intax Forum Ukraine 2018

Stelios Americanos & Co LLC, participated at Intax Forum Ukraine 2018 which took place in Kiev, between 21 and 22 May 2018.

Tax Update

Cyprus Tax Department has announced that, as of June 1st 2018, the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You Earn (PAYE) tax withheld from employees through JCCsmart.

Enforcement of a Pledge over the Shares of a Cyprus Company (“Cyprus Pledge”)

A. Pledge

A pledge is by definition a possessory security interest and thus involves the delivery of possession, actual or constructive. A security interest is valid and enforceable once it has been attached to the asset and is perfected. A security interest that has been attached and perfected is enforceable as between the pledgor and pledgee. The effect of attachment is that the security interest fastens on the asset so as to give the creditor rights in rem.

Medical Cannabis Legalisation


FBME Bank Ltd: Compensation to Depositors, Deadline until 11th April 2018.

The Central Bank of Cyprus has on 9/4/2016, activated the procedure for the payment of compensation amount from the Deposit Guarantee Fund for Banks for deposits held in FBME Bank Ltd – Cyprus branch.

Stamp Duty

1. Scope of the Stamp duty Law.

1.1.Stamp duty is governed by Stamp Duty Law (19/1963) (hereinafter the “Law”). The Law (article 4 (1)) provides that the documents that are specifically named in its first schedule (and only such documents) are subject to stamp duty provided these documents relate to: (i) assets situated within the Republic of Cyprus; or (ii) matters or things to be performed or done in Cyprus; irrespective of the place of execution of such documents.

Cyprus’ strong economic recovery-2018 Outlook

Cyprus’ strong economic recovery will continue in 2018 with the GDP expected to be 3.2% (2017: 3.8%) which is well above the European Union average. Inflation forecast shows an increase in 2018 to 1.2% (2017: 0.7%) well within the healthy limits, with unemployment expected to be near the 10% mark in comparison with 13% of the year before.

Tax Update

Cyprus Tax Authorities announce the 10 year bond yield for Notional Interest Deduction (NID) purposes

The Cyprus tax authorities have announced the interest yield of the 10 year government bonds as at 31st December 2017 which increased by 3% grants tax allowance on new capital introduced into the Cyprus company.

Cyprus An Emerging Eu Fund Jurisdiction

Cyprus consistent efforts to modernize its regulatory environment for investment funds, has created a legal framework bearing hallmarks of the regimes in Luxembourg and Ireland, and has strengthened Cyprus’ profile as an emerging European funds and asset management domicile.

Stelios Americanos & Co Llc Advises The €100 Million Restructuring Of The Athienitis Group

Stelios Americanos & Co LLC advised Athienitis Group over €100 million debt restructuring

The high profile transaction was one of the most complex restructuring in Cyprus as involved bank debt, bond holders issues and related litigation, financing provided by the Cyta Provident Fund, minority shareholder considerations and the construction and management of the Nicosia Mall a project with a construction cost of over €uro100million.

New Partners

The Law firm of Stelios Americanos & Co LLC, with pleasure announces the appointment as new Partners / Directors:

Cyprus Tax residency for Individuals – Period of stay reduced to 60 days

On the 14th of July the Cyprus Parliament passed a law amending the Income tax law of 2002 as to the requirements of tax residency of individuals in Cyprus.

Tax Treatment Of Intra-group Back-to-back Financing Arrangements

The Cyprus Tax Department ("TD") has issued an interpretative Circular on 30th of June as to the tax treatment of intra group back to back financing arrangements. This follows the TD announcement that it will cease applying the minimum accepted profit margin on back to back loan schemes as agreed in July 2011.

DC Finance Family Office & Wealth Management Conference in Israel: Cyprus Citizenship and Permanent

Stelios Americanos & Co LLC, participated in DC Finance conference in Israel on the 13th of June 2017. The seminar took place at Hilton, Tel-Aviv.

Stelios Americanos & Co Llc Advises Israel’s Fattal And Issta In The Acquisition Of 3 Hotels In Pa

Stelios Americanos & Co LLC advised on Cyprus law issues the joint venture between Fattal, the Israeli hotel management chain and ISSTA, Israel's largest tourism company in the acquisition of hotels Cypria Maris, Cypria Bay and Laura in Paphos, Cyprus.

Stelios Americanos & Co LLC adds 3 new lawyers to its legal team

With new additions to its already established legal team, Stelios Americanos & Co LLC Law firm welcomes 3 new lawyers aiming to strengthen further it’s litigation and corporate practices and continue serving its clients with integrity, personal commitment, dedication and professionalism.

Press Release On The Cliff Conference, In Cyprus

Cliff Law Firm of Moscow and Stelios Americanos & Co LLC (Cyprus) host conference on “The Global Exchange of information: The business world on the threshold of a new era”

The new Multilateral Agreement on the Automatic Exchange of Financial Information between tax authorities and controlling bodies that has been signed by 83 countries, the Russian Federation inclusive, has launched a new era for the international business. The Exchange of Financial Information Agreement obliges the banks and generally financial institutions to disclosure information on the final beneficiaries of corporate accounts, as well as on international transactions. This newly emerging requirements will force the businesses to review their current setups and practices under the light of the new rules and directives.

Saint Petersburg Conference – Properties Overseas:

Advantages, risks legal and tax structuring

Stelios Americanos & Co LLC, participated in Saint Petersburg conference on the 13th of December 2016, the topic of which was “Properties Overseas: Advantages, risks legal and tax structuring”. The seminar was co-organized with Delovoy Saint Petersburg and Maxima Legal and took place at Grand Hotel Europe.

Stelios Americanos & Co LLC completed a successful visit to China

Stelios Americanos & Co LLC completed a successful visit to China, having met with clients and partners and participated in two conferences in Shanghai and Beijing in October/November 2016.

Following a successful visit to China in May, 2016, Stelios Americanos & Co LLC made a second trip to China, in order to participate in two conferences in late October, and early November 2016, in Shanghai and in Beijing. The Firm was represented by Len Judes who spoke about and presented the Cyprus Citizenship and Permanent Residency by investment programs.