E & G Economides LLC > Limassol, Cyprus > Firm Profile

E & G Economides LLC
PO BOX 58043

Cyprus > Intellectual property Tier 3

Headed by Xenia Kasapi, the ‘very cooperative’ team at E & G Economides LLC receives plaudits for its willingness to ‘assist and to provide solutions’. The department handles a variety of matters, from the registration of trademarks, designs and patents at local, EU and international level, to drafting licensing and rights transfer agreements. George Economides plays a pivotal role in the practice.

Practice head(s):

Xenia Kasapi

Other key lawyers:


‘The team is very service oriented -George Economides and Xenia Kasapi, strong and in-depth knowledge of the law, practical implementation. Also, very quick turnaround and response time’.

‘George Economides – hands on partner, available to clients, practical know-how and good experience. Xenia Kasapi – team lead lawyer on IP, very good knowledge of subject’.

‘We find Xenia is able to clearly lay out the key steps that must be taken to achieve IP & TM protections across numerous, diverse countries. We appreciate that she brings comfort to processes that are not naturally comfortable for us. The proactive updates are necessary and educational’.

‘The team is very well organised. Each time we have a request they very fast decide and appoint a certain person or a group of persons from the team with the exact qualification to handle our issue. The team is much more flexible than in some of the biggest companies in the sector’.

‘Highly capable team, with lots of experience and relevant spot-on knowledge’.

‘Deep knowledge, high level of expertise and personal attention and attitude to each client’.

‘I have worked with Ms Xenia Kasapi, who is head of the Intellectual Property & Data Protection Department of the firm and she has shown her expertise on a number of cases we have handled together such as registration of trademarks and dealing with multiple legal issues in various jurisdictions’.

‘Excellent law firm with high quality personnel’.

Key clients

Shine TV Limited

Orbex Limited

Collagen Lift SA

Cloudlayer8 Limited (Cl8)

Anemi Trustees Limited

Alma Advisors Limited


Unisoft Sys Limited

Findersoft Limited

Brandpol Group Limited

G.N. Auto Odyky Express Road Service Limited

Tsakiris Mallas A.E

Zeme Eco Fuels And Alloys Ltd

A.T. Atermona Taxidia Limited

Work highlights

  • Instructed by the client, a well-known multinational corporation primarily for Russian and Russian-language users to advise on whether the provisions of an intellectual property agreement cover the risks of infringement of third parties and to provide a legal opinion regarding possible amendments in accordance with the Cyprus law.
  • Provided a legal opinion to its client on assessing the risk of a software operation in relation to copyright law in Cyprus.
  • Advising its client on the Cyprus legislative framework governing intellectual property.

Cyprus > Real estate and construction Tier 3

The dynamic department at E & G Economides LLC is led by George Economides and is often engaged to assist in complex real estate acquisitions and disposals. Additionally, its lawyers are regularly instructed to help with corporate acquisitions and restructurings which frequently have an international dimension. Clients include HNWIs, international law firms, banks and private equity funds.

Practice head(s):

George Economides


‘A very experienced team with significant resources for the execution of projects. George Economides is a highly successful professional with great experience in the real estate sector locally and abroad’.

‘This firm is absolutely the most efficient practice I have dealt with in Cyprus. Their strengths are that they respond, any time day or night, and nothing is too much trouble, and not always for fees. They go over and above what is required’.

‘Excellent follow up. Reliable. Efficiency, communication, professionalism’.

‘Clever, smart, hear and understand, quick response’.

‘People, collaboration, fast actions’.

‘Everyone I have been in contact with has acted in a professional and efficient manner making them great to work with. People in the company put customer first and billing second. They get the job done. The team also compliments each other and have their expertise in multiple matters’.

‘George Economides has a hands-on approach and even with such a busy schedule has time to overlook everything along with his partners and associates and everyone is making sure no mistakes or omissions occur’.

Key clients

Healys LLP

D. Zavos Group

Limassol Del Mar

Leptos Estates

CloudLayer 8 (CL8)

Landscope Developments Ltd

Domaland Properties Limited

Work highlights

  • Acted as legal counsel of Domaland Properties Limited in providing the complete legal framework as regards to a further new residential building, which shall be erected in downtown Limassol, Cyprus.
  • Representing Landscope Developments Ltd by providing the complete legal framework as regards to a new high-rise building.

Cyprus > Tax Tier 3

George Economides heads an agile team at E & G Economides LLC which advises on a myriad of complex tax matters from tax structuring that involve trusts, companies and other vehicles to advising on transfer pricing and double tax treaties. Other core areas of expertise include advising on the tax aspects of cross-border mergers, acquisitions and disposals.

Practice head(s):

George Economides


‘By far the most professional and knowledgeable law firm I’ve ever worked with. Excellent service always from the whole team, especially George Economides. Highly recommended’.

‘Response time. Professionalism. Knowledge and care. Diversified, harmonious team members, capable of covering complex matters and rendering comprehensive legal/tax advice’.

‘Excellent team members, dynamic, skilled, listen attentively before rendering prompt, accurate advice’.

‘Experienced team and very responsive. Team is very client focused and client experience and satisfaction is a top priority’.

‘George Economides is a very diverse individual with a breadth of knowledge and expertise. George is very much involved with his engagements to ensure quality delivery in a timely manner and client satisfaction. Finally, George is very good public speaker and has excellent networking skills’.

‘The team provides versatile solutions and consists of professionals ranging from different backgrounds and expertise. They cooperate to provide pragmatic and practical solutions to clients and associates’.

‘George Economides is a professional with sound understanding in European and international developments and appreciates how the solutions the practice offers can be impacted. George understands that an agile delivery model is required and he makes every effort to offer it’.

‘George Economides – the great Cypriot lawyer! He is always available, always supportive, always finds a solution!’.

Key clients

Calaciaco Holdings Limited

Ultimate Sports Nutrition Ltd (USN)

Cloudlayer8 Limited (CL8)

EyesMatch Ltd

W.G.Webgames Limited

Intellectokids Ltd

S. Horowitz & Co

Work highlights

  • Provided extensive advice to the client in the form of an official tax report regarding the Cyprus tax issues potentially arising, as a result of the each of the contemplated options.
  • Provided advice to the client regarding various Cypriot tax-related matters potentially resulting from the setup of a Cypriot holding company, with the underlying foreign subsidiaries (in Portugal and in the UAE) carrying out real-estate activities.
  • Drafted a tax analysis as regards to all potential taxes incurred by the operations of the Cyprus company being the owner of the building and any potential taxes incurred by the sale of shares.

Cyprus > Commercial, corporate and M&A Tier 5

The dynamic team at E & G Economides LLC is led by Virginia Adamidou and frequently deals with a wide variety of corporate and commercial contracts. It is well-placed to handle local and cross-border M&A for private and public companies. Clients also include high-net-worth individuals and entrepreneurs, as well as law firms and multinational corporations.George Economides is also well-regarded.

Practice head(s):

Virginia Adamidou

Other key lawyers:

George Economides; Maria Theocharous


‘I want to highlight George Economides for his deep expertise in Cyprus corporate law’.

‘A responsive team with good all- round experience and a presence in the territory’.

‘Attentive and responsive and with a “can do” attitude’.

‘The team has all the important markers that are important to us when working with them: 1. Professionalism; 2. Timeliness; 3. Adequate pricing; 4. Customer orientation; 5. Interest in work and helping the client; 6. Courtesy’.

‘All our cases were resolved positively and successfully for us. We are very happy to work with such a team that protects our interests‘.

‘The team is result-oriented. Lawyers are professionals and always ready to provide a service urgently, which is very important in our business. We are very satisfied to work with Virginia Adamidou and George Economides’.

‘The team is very competent and its expertise is very thorough. The answers to the questions are provided in a very short time. The communication is very quick and professional. The ordered tasks/projects are prepared with no delays. The work is organised very efficiently.’

‘I have a pleasure to cooperate on the daily basis with Ms Maria Theocharous -very professional and competent with a very high personal culture. Problems are solved very efficiently and substantively’.

Key clients

New Garden Pharma

The Ability Group

Polsteam Group


SPX Corporation

TCI International Inc.


Sistema Venture Fund

Cloudlayer8 Limited (Cl8)

GT Gettaxi Limited

Work highlights

  • Acted for a Cypriot company, which went through the acquisition of the 100% of the share capital of yet another Cypriot company, which was the registered owner of a building situated in Limassol, Cyprus. The building has 23 apartments.
  • Assisted one of the leading fintech company in Central Europe to accommodate its internal bank account restructuring optimising the group’s cash flow and banking operations.
  • Engaged by the client, the biggest and the first independent, carrier neutral, state of the art Tier-3 Data Center in Cyprus.

Cyprus > Dispute resolution Tier 5

The dynamic team at E & G Economides LLC is headed by Klearchos Christofi  and handles numerous contentious matters across various practice areas including civil, commercial and criminal cases. The group also has experience in corporate restructuring and white-collar fraud cases. George Economides is another key contact.

Practice head(s):

Klearchos Christofi

Other key lawyers:

George Economides; Konstantinos Ermogenides


‘I have been dealing with Mr Ermogenides on a litigation matter for a mutual client and have found him to be very professional and knowledgeable.’

‘E & G Economides has developed a strong team with expertise in many fields around the dispute resolution spectrum. The team is very responsive with a real “client care “attitude. I think what makes them stand out is their commitment and reliability. The team is always supportive and quick in providing answers to follow-up questions’.

‘Klearchos Christofi is heading the department, he is always open for further discussion and his analysis of domestic and international legislation is excellent, thus his ability to simplifying and explaining to clients, complex litigation proceedings issue with ease’.

Key clients

Bank of Cyprus PLC

Totalserve Management Ltd

Placberg Investments Ltd

Vadim Ryckov

Marek Sapolinski

Anemi Trustees Ltd

Healys LLC

Work highlights

  • Assisted and represented its client in the legal procedures for the reimbursement of losses in relation to a complex dispute against a brokerage firm.
  • Advised its client in relation to a potential litigation matter.
  • Continuously being instructed by the Bank of Cyprus PLC in relation to individuals and institutional debtors.

The firm: E & G Economides LLC is a full-service, dynamic and proficient law firm based in Limassol, Cyprus, with an affiliated office in Moscow, Russia.
At the outset, the firm concentrated in providing legal services relating to Corporate, Commercial, Tax and Trust matters to its clients. Fueled by demand and organic growth, the firm evolved and broadened its areas of practice while, at the same time, continuously reinforcing existing ones.

With a team currently comprising over 20 advocates, having major experience in Cyprus and abroad, Economides continues to grow and expand its areas of practice with the support of an active network of global associates having long-standing ties to the corporate and financial communities. Its team of lawyers and legal consultants always strive to exceed all expectations and deliver outstanding client service. The firm invests in its people and welcome diversity and individuality.

The firm maintains a diverse client base and is regularly instructed by high-net-worth individuals, entrepreneurs, multinational corporations, tax firms, as well as global banking and credit institutions at a domestic and international scope.

Its clients’ interests often have a global focus and it is therefore frequently mandated to co-operate with international law firms on multi-jurisdictional projects/cross-border engagements. Such assignments have been pivotal in yielding a globally-minded perspective and have brought the firm in close co-operation with international law firms. E & G Economides LLC is often the firm of choice for a number of law firms and it maintains an active network of global associates.

Immigration, Tax, Real Estate, IP, Technology & Digital Commerce George Economidesgeorge.economides@economideslegal.com+357 25 866 480
Corporate & Commercial, Banking & Finance, Investment Funds Virginia Adamouvirginia.adamidou@economideslegal.com+357 25 866 480
Litigation & Dispute Resolution, Employment Klearchos Christofiklearchos.christofi@economideslegal.com+357 25 866 480
Intellectual Property & Data Protection, Technology & Digital Commerce Xenia Kasapixenia.kasapi@economideslegal.com+357 25 866 480
Litigation & Dispute Resolution, Corporate & Commercial Konstantinos Ermogenideskonstantinos.ermogenides@economideslegal.com+357 25 866 480
Virginia Adamidou photoMs Virginia AdamidouSenior Advocate
Klearchos Christofi photoMr Klearchos ChristofiSenior Advocate – Head of Litigation and Dispute Resolution
Melina Dionysiou photoMs Melina DionysiouDirector
George Economides photoMr George EconomidesPartner – Advocate
Konstantinos Ermogenides photo Konstantinos ErmogenidesAdvocate
Xenia Kasapi photoMs Xenia KasapiAdvocate – Head of Intellectual Property & Data Protection Department
Andrea Papouri photoMs Andrea PapouriAdvocate
Number of lawyers : 20
Cyprus Bar Association
International Bar Association
Other offices : Moscow

George Economides, Partner

George Economides of E&G Economides LLC, shares his thoughts on current and future behavior of law firms in Cyprus and abroad.

What do you see as the main points that differentiate E&G Economides LLC from your competitors?

As in all professions, you need to have several factors and elements that can help to differentiate you from the competition; as general and as broad as that may sound. E&G Economides LLC, being in the legal arena for the last two decades, has managed to identify and successfully worked towards adopting such factors, that now help to constitute the firm as one of the leading law firms in Cyprus. You are expected to be professional, efficient and swift, whilst at the same time be able to offer personal attention, care, support and to clearly demonstrate the thorough understanding of the client’s needs. Also, to be flexible, available, supportive of diversity and individualism and quite often, if I may say, compassionate where needed. These are the main values that we possess and which are being cultivated towards the younger generation of lawyers who join our dynamic legal team.

Amongst our people, there is a variety of background, experience and age group diversity. Combined with our long-standing tradition of working with clients and associates from all around the world and of all caliber, it has further contributed to forming a solid professional outlook of an international reach, through which our approach is often tuned in such a way to accommodate the very different international needs, norms, expectations and cultural aspects that each separate case may embed and demand.

Technological advancements such as the use of specialized software, possibility of remote working and paperless procedures add value to the speed and efficiency of our internal workspace.

Moreover, our law firm always strives to adapt with current developments. To this end, shifting further from the traditional services that are generally being offered and in order to distinguish further, we established new departments such as Technology & E-commerce, GDPR and strengthened our IP department; all with highly experienced advocates. These departments currently have a big dynamic and momentum locally as well as internationally, and they often compliment the other traditional services offered to existing clients.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Not counting any unpredicted or unfortunate events such as the recent COVID-19 outbreak, it is rather obvious what practices are most likely to thrive in the near future.

Corporate restructurings and commercial transactions – Cyprus has a strong corporate background therefore such area will never cease to develop.

Shipping – Cyprus has a great tradition in shipping, ship management and crew management matters. The unique tax advantages and incentives that are being offered, such as the tonnage tax and the VAT yacht leasing schemes, are most likely to continue having a strong demand.

Technology & Digital Commerce – Cyprus hosts many leading local and international technology companies and enquiries in services throughout a broad range of areas from corporate transactions to Intellectual Property and consumer protection are frequent. Fintech and paytech innovations and products, EMIs and entertainment such as gaming and telecommunications will also be of immense importance.

Funds & Regulated Financial Services: As a modern and upcoming funds jurisdiction, Cyprus attracts international and local investors. On the other hand, professionals – from fund managers to legal consultants – do have the know-how and expertise to operate a high profile fund based also on the effective regulatory and legal framework.

What’s the main change you’ve made in the firm that will benefit clients?

The firm’s clients include HNWIs, entrepreneurs, multinational corporations, shipping institutions, magic and silver circle law firms, tax firms as well as banking and credit institutions located within and outside Europe.

Like any other law firm in Cyprus and abroad, the negative impact of COVID-19 into the normality of our day to day business development and client activities and communication has been tremendous. We have been eager to concentrate on the firm’s business continuity and sustainability so that we continue to do business as usual. Because of that and taking an unfortunate situation and turning it over into an advantageous one, we are now always available either at the office or home. This is easier for our staff and professionals to get educated via digital e-seminars with a variety of educational, professional and self-developments seminars.

As clients are becoming more and more demanding, one has to keep up with all modern practices and seek ways to improve its services and modus operandi.

Is technology changing the way you interact with your clients, and the services you can provide them?

Over the years and further to the variety of transactions that we have participated in, which are most often multijurisdictional, we have noticed that certain procedures and protocols have indeed changed; not only by international law firms, but from clients as well. Because of the constantly growing competition, necessity of agile working and the continuous personal and professional development, one is being forced to adapt so that all aspects of international, commercial and other transactions are being efficiently handled.

Our firm has also, in some occasions, adopted its electronic signature procedure striving to achieve less costs and swift actions in cases of urgency. It is only obvious that such practice shall grow in an exponential pace and will be a necessity rather than just a convenience.

It is also without any doubt that strong winds of change are sweeping through. The office 4.0 is gradually replacing the traditional law firm environment with a rather innovative and entrepreneurial one. Office 4.0 simply adapts with the technology, agility and remoteness, current state of events and the economic situation of said period. This is the model to look forward to and how it will be from now onwards. The pandemic made us realise that this was the beginning of a workplace for the entrepreneur and freelancer professional.

Can you give us a practical example of how you have helped a client to add value to their business?

Our professionals have the excellent tendency of working together during projects. Multi-element assignments, such as the below, are giving us the agility of tending to a variety of areas at the same time.

A recent example would be the restructuring of a group of companies which recently acquired a company holding a significant IP. All corporate and due-diligence procedures took place, and we were able to identify the need and indeed provided all other IP requirements such as protection and maintenance, GDPR support and compliance, all related tax advice and, of course, a due-diligence on the software license of the IP.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Moving forward, the regulatory and technological environment both in Cyprus and abroad is changing at a fast pace and the actual challenge is to remain abreast of such developments. E&G Economides LLC has always looked out on investing as much as possible in its people and motivating its personnel on a daily basis whilst at the same time remaining loyal to the unwavering commitment towards clients and associates by exceeding their expectations.

E&G Economides LLC, proudly announces a major rebranding.

E&G Economides LLC, recently announced a major rebranding to support its growth to a leading full service law firm!