Firm Profile > E & G Economides LLC > Limassol, Cyprus
E & G Economides LLC Offices
17 GR. XENOPOULOU STREET
PO BOX 58043
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E & G Economides LLC > The Legal 500 Rankings
Intellectual property Tier 3
With Xenia Kasapi at the helm at E & G Economides LLC, the department handles a variety of matters such as the registration of trademarks, designs and patents at a national, European and international level. The team also routinely files oppositions to the registration of IP rights and is adept at dealing with issues such as license transfers and confidentiality agreements. George Economides is another key member of the practice.
Other key lawyers:
‘What makes this practice unique is its professionalism and approach to the customer. The lawyers offer solutions and they offer alternatives. They have in-depth knowledge of their subject, they are always up to date with all current developments including changes in laws etc‘.
‘Fully ethical. Thinking ‘outside the box’. Giving solutions and offering alternatives. Excellent in communication. Listening to customer issues and offering solutions‘.
‘The firm’s vast knowledge and experience in intellectual property is impressive. I have collaborated on intellectual property matters regarding trademarks. I have only worked with Xenia Kasapi, who heads the firm’s intellectual property team and who has shown how well she knows such matters as registration of trademarks and dealing with multiple legal issues in various jurisdictions‘.
‘The lawyers are professional, they understand exactly the client’s needs and they offer solutions. Xenia Kasapi has deep knowledge and expertise of her subject areas‘.
Tsakiris Mallas A.E
Cloudlayer8 Limited (Cl8)
G.N. Auto Odyky Express Road Service Limited
A.T Atermona Taxidia Limited (Α.Τ. Ατερμονα ΤαξιδιαΛΤΔ)
Roxor Holdings Limited
Brandpol Group Limited
Zeme Eco Fuels And Alloys Ltd
Collagen Lift SA
Real estate and construction Tier 3
E & G Economides LLC is well-placed to handle complex residential and commercial real estate acquisitions and disposals. Clients of the firm are well-known developers in Cyprus and abroad, as well as HNWIs wishing to purchase property for the purposes of residency or investment. George Economides heads the team.
‘An exceptional boutique law firm with experienced and highly skilled advocates’.
‘George Economides is a very reliable person with extensive knowledge in his field ’.
‘Efficient and friendly approach’.
‘One of the key strengths of the team is that it is very thorough and it provides pragmatic advice to its clients. It understands the commercial realities and it provides clear advice promptly’.
‘What makes the people I have worked with at E&G Economides stand out is their eagerness to understand each individual case in-depth and to provide advice which is tailored to the needs of each individual client. They take time and they go the extra mile. They are always available and on stand-by mode. George Economides is very good at understanding the commercial and business realities surrounding a case and he is exceptional at explaining complex issues to his clients. He creates long lasting relationships with clients’.
‘The personal touch and kindness in combination with the respect to the client make this company unique’.
‘George Economides is an outstanding gentleman and professional. He has the full package’.
D. Zavos Group
CloudLayer 8 (CL8)
Totalserve Management Ltd
Unity Line Limited
Falkona Holdings Ltd
Limassol Del Mar
E & G Economides LLC is often engaged to assist in complex corporate restructurings domestically and internationally and has been busy advising on various M&A deals, as well as drafting an array of commercial contracts. The group also frequently works in conjunction with some leading international law firms. Senior associate Virginia Adamidou now leads the team as Marinella Kilikitas has departed to Varnavas Playbell & Co LLC. George Economides is a noted seasoned practitioner.
Other key lawyers:
‘Flexibility in terms of pricing and fees. Strict adherence to the designated deadlines. Fast response to messages and calls’.
‘George Economides is always available for conversation and advice. Very quick in response’.
‘Because of its close relationship to the company administrators and auditors it can cooperate closely on complex legal matters ’.
‘All individuals we have dealt with at the firm have been diligent, creative and responsive to our requirements. The team is willing to help’.
‘I’ve worked with E&G Economides LLC for more than 10 years. The lawyers have deep experience in Cyprus corporate law and assisted us in a lot of M&A transactions. They always provide us with business effective advices’.
‘Great partner George Economides, great associate Virginia Adamidou – human, responsive, creative’.
‘The main capabilities of E & G Economides LLC are respect for the client, professional team and attention to details in every case. Every person in his team works for better results and tries to find solutions in difficult issues and to satisfy the demands of client’.
New Garden Pharma
Lamitube Technologies (Cyprus) Limited
King & Wood Mallesons
The Ability Group
Clyde & Co LLP
Cloudlayer8 Limited (Cl8)
Joint Stock Financial Corporation SISTEMA
E & G Economides LLC > Firm Profile
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 Economidesfirstname.lastname@example.org||+357 25 866 480|
|Will, Trusts and Estate Planning||Anna Kouloundiemail@example.com||+357 25 866 480|
|Corporate & Commercial, Banking & Finance, Investment Funds||Virginia Adamoufirstname.lastname@example.org||+357 25 866 480|
|Litigation & Dispute Resolution, Employment||Klearchos Christofiemail@example.com||+357 25 866 480|
|Intellectual Property & Data Protection, Technology & Digital Commerce||Xenia Kasapifirstname.lastname@example.org||+357 25 866 480|
|Real Estate, Shipping||Marianna Konstantaemail@example.com||+357 25 866 480|
|Ms Virginia Adamidou||Senior Advocate||View Profile|
|Mr Klearchos Christofi||Senior Advocate – Head of Litigation and Dispute Resolution||View Profile|
|Ms Melina Dionysiou||Director||View Profile|
|Mr George Economides||Partner – Advocate||View Profile|
|Konstantinos Ermogenides||Advocate||View Profile|
|Ms Xenia Kasapi||Advocate – Head of Intellectual Property & Data Protection Department||View Profile|
|Ms Andrea Papouri||Advocate||View Profile|
Staff FiguresNumber of lawyers : 20
LanguagesEnglish Greek Russian
MembershipsCyprus Bar Association International Bar Association AIJA STEP
OtherOther offices : Moscow
George Economides, PartnerGeorge 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.
Press Releases18th November 2020 E&G Economides LLC, recently announced a major rebranding to support its growth to a leading full service law firm!
Legal Developments14th January 2021
13th November 2020
- Not all of the participants in the arrangement are tax resident in the same jurisdiction.
- One or more of the participants in the arrangement is simultaneously tax resident in more than one jurisdiction.
- One or more of the participants in the arrangement carries on a business in another jurisdiction through a permanent establishment situated in that jurisdiction and the arrangement forms part or the whole of the business of that permanent establishment.
- One or more of the participants in the arrangement carries on an activity in another jurisdiction without being resident for tax purposes or creating a permanent establishment situated in that jurisdiction.
- Such arrangement has a possible impact on the automatic exchange of information or the identification of beneficial ownership.
- If an arrangement is considered to be a cross-border arrangement (i.e. it meets at least one of the above conditions), then it becomes reportable if it further meets at least one of the hallmarks set out in the next section. These hallmarks are essentially characteristics or features of a cross-border arrangement that presents an indication of potential tax avoidance or abuse.
- The intermediary is entitled to performance fees, based on whether a tax advantage is actually derived, or based on the amount of tax saved.
- The structure/ documentation is largely standardised and the arrangement is available to more than one taxpayer (mass-marketed schemes).
- Acquisition of a loss-making company.
- Conversion of income into capital, gifts, or other categories of revenue that are either tax exempt or taxed at a lower rate.
- Circular transactions resulting in round-tripping of funds, namely through involving interposed entities without other primary commercial function, or transactions that offset or cancel each other or that have similar features.
- Tax deductible cross-border payments between associated enterprises where the recipient is not tax resident in any tax jurisdiction, or is tax resident in an EU/ OECD blacklisted jurisdiction.
- Deductions for depreciation are claimed in more than one jurisdiction.
- Double tax relief is claimed in more than one jurisdiction.
- Transfer of assets, where there is a material difference in the amount being treated as payable between the involved jurisdictions.