C.SAMIR & CO. LLC > Nicosia, Cyprus > Firm Profile

C.SAMIR & CO. LLC
CONNECTED SKY HOUSE
12 IGOUMENITSAS STR, STROVOLOS, 2027
NICOSIA
Cyprus

The Firm: Founded in 2011 by Mr Charalambos Samir who leads the law firm as its founder and CEO, C. Samir & Co. LLC’s remarkable deliverance of unique solutions and projects over the single course of seven years positively represents its vision and ambition for future undertakings. This is equally translated through the firm’s diversified clientele covering more than 35 countries and 65 jurisdictions.

C. Samir & Co. LLC is a firm of advocates and legal consultants duly incorporated under the laws of the Republic of Cyprus, licensed to practise law and regulated by the Cyprus Bar Association and Cyprus Securities and Exchange Commission under Licence Number 323.

The firm stands as the law firm of choice for clients from all over the world. Private individuals and corporations, major banks and other financial institutions, investment firms, multi-million and multi-billion groups of companies, trusts and foundations rely on C. Samir & Co. LLC for tailor-made solutions and advice.

We understand that business in general transcends deals and transactions. Hence we pride ourselves on becoming trusted advisers whilst establishing profound long-term relationships with our clients. Accordingly our motto is “When Trust, Experience & Results Matter”.

Areas of practice: C. Samir & Co. LLC offers all types of legal professional services to a clientele coming from over 35 countries and from a variety of business and industry backgrounds.

The firm handles a wide spectrum of cases ranging from commercial and corporate to multi-jurisdictional disputes, freezing of assets and international Mareva injunctions, banking, criminal cases, torts, accidents as well as domestic and family disputes. The litigation department offers effective advice on dispute resolution, international commercial litigation and procedural issues on international civil litigation and arbitration, registration of foreign court and/or arbitration decisions in Cyprus, as well as representation of its clients in court proceedings and out-of-court negotiations and settlements.

C. Samir & Co. LLC may assist its clients with any matter related to the following: commercial and corporate law; contract law; European law; admiralty & shipping law; competition law; aviation law; energy law; mergers and acquisitions; employment law; litigation, arbitration and dispute resolution; aliens and immigration law; sports law; torts law; human rights; data protection; industrial design; insurance law; patents law; banking law; border control law; trade marks law; copyright law; trade and business names law; domain name registration law; family law; trusts law; wills law.

DepartmentNameEmailTelephone
EU and competition Charalambos Samircharalambos@connectedsky.com+35722255800
Intellectual property Charalambos Samircharalambos@connectedsky.com+35722255800
Intellectual property Athina Katiriathina.katiri@connectedsky.com+35722255800
Real estate and construction Charalambos Samircharalambos@connectedsky.com+35722255800
Real estate and construction Athina Katiriathina.katiri@connectedsky.com+35722255800
Real estate and construction Andrea HadjigeorgiouAndrea.Hadjigeorgiou@connectedsky.com+35722255800
Real estate and construction Sissy PapademasSissy.Papademas@connectedsky.com+35722255800
Tax Charalambos Samircharalambos@connectedsky.com+35722255800
Banking and finance Marina Solomoumarina.solomou@connectedsky.com+35722255800
Banking and finance Charalambos Samircharalambos@connectedsky.com+35722255800
Banking and finance Andrea HadjigeorgiouAndrea.Hadjigeorgiou@connectedsky.com+35722255800
Commercial, corporate M&A Charalambos Samircharalambos@connectedsky.com+35722255800
Commercial, corporate M&A Andrea HadjigeorgiouAndrea.Hadjigeorgiou@connectedsky.com+35722255800
Commercial, corporate M&A Athina Katiriathina.katiri@connectedsky.com+35722255800
Commercial, corporate M&A Sissy PapademasSissy.Papademas@connectedsky.com+35722255800
Dispute resolution Charalambos Samircharalambos@connectedsky.com+35722255800
Employment Charalambos Samircharalambos@connectedsky.com+35722255800
Employment Athina Katiriathina.katiri@connectedsky.com+35722255800
Commercial, corporate M&A Yianna Savvayianna.savva@connectedsky.com+35722258800
Dispute Resolution Yianna Savvayianna.savva@connectedsky.com+357 22258800
Employment Yianna Savvayianna.savva@connectedsky.com+35722258800
PhotoNamePositionProfile
Mrs Andrea Hadjigeorgiou photo Mrs Andrea HadjigeorgiouManager, Legal Advisor
Ms Athina Katiri  photo Ms Athina Katiri Deputy Managing Director
Ms Sissy Papademas  photo Ms Sissy Papademas Corporate Lawyer
Mr Charalambos Samir  photo Mr Charalambos Samir Founder & CEO
Ms Yianna Savva  photo Ms Yianna Savva Lawyer – Advocate
Number of lawyers : 70
at this office : 7
Arabic
Belarusian
Dutch
English
French
German
Greek
Polish
Russian
Ukrainian
SILFA-Staubach International Law Firm Alliance
Other offices : Beijing
Other offices : Berlin
Other offices : Brussels
Other offices : Budapest
Other offices : Dubai
Other offices : Frankfurt
Other offices : Hamburg
Other offices : Koning-Wusterhausen
Other offices : Limassol
Other offices : London
Other offices : Lugano
Other offices : Milan
Other offices : Moscow
Other offices : Munich
Other offices : Palma de Mallorca
Other offices : Prague
Other offices : Vienna
Other offices : Warsaw
Other offices : Wiesbaden

The Law Firm is committed to the principles of diversity. We believe that by recruiting, hiring, and promoting people of different cultures, backgrounds, beliefs and preferences, the quality of our work life is improved and the legal services that we provide to our clients reaches utmost professionalism.

Our leadership role in diversity within the legal community and the society in extent, requires us to commit to an inclusive and diverse workplace and in extent to promote and support the principles of diversity in both our working environment and the society we live in.

We recognize that a diverse team makes us stronger and more effective. This is the reason why in C. Samir & Co LLC we aim to have an open, fair and inclusive workplace.

The Firm shall strive to be as diverse as the society and clients that it serves. We shall also strive to provide all of our team members with the opportunity to achieve their full and best potential.

As part of the Firm’s commitment to diversity, the Firm shall:

  • Never discriminate in hiring or employment practices on the basis of race, national origin, gender, age, sexual orientation, citizenship, marital status, disability, veteran status or religion;
  • Shall provide a workplace free from unlawful harassment;
  • Shall maintain a safe and sanitary workplace that includes appropriate protective equipment, and is in compliance with applicable environmental, health and safety laws, rules and regulations;
  • Shall comply with all applicable laws and regulations regarding employment, including but not limited to such laws and regulations related to minimum wage, maximum work hours, overtime and benefits;
  • Shall maintain programs to support and mentor diversity;
  • Shall arrange professional and networking opportunities designed to meet the needs of diverse lawyers and staff;
  • Shall work to ensure the rate of retention and advancement of lawyers and staff of diverse backgrounds; and
  • Ensure that lawyers and staff of varying backgrounds and perspectives are represented in leadership positions within the Firm.

Diversity plays a vital role at the Firm and it is indeed a core value of business. Through strategic recruitment, strong community and professional involvement, and a dedicated commitment to diversity,

the Firm has already made a significant progress in building a more inclusive environment. Diversity will never cease to be one of the Firm’s primary goal and as such, the Firm recognizes the need to continue to work toward creating an ever more inclusive environment where individual differences are appreciated, valued and leveraged to meet the clients’ needs and the Firm’s philosophy in general.

Lastly, the Firm’s commitment for the wellbeing of the employees and the society, has lead the Firm to ensure compliance with all applicable environmental laws and regulations. The Firm understands the importance of the environment and natural resources, and it embraces the responsibility to society for prudently using natural resources and preventing harm to the environment. The above actions are considered to contribute in a positive manner to the employees, clients and the community in general.


Samir & Co LLC.

Our remarkable deliverance of unique solutions and projects over the single course of five years positively represents our vision and ambition for future undertakings. Such is equally translated through our diversified clientele covering more than 35 countries and 65 jurisdictions.

We stand as The Law Firm of choice for clients from all over the world. Private individuals and corporations, major banks and other financial institutions, forex companies, multi-million and multi-billion groups of companies, trusts and foundations rely on C. Samir & Co. LLC for tailor-made solutions and advice.

We understand that business in general transcends deals and transactions. Hence we pride ourselves on becoming trusted advisers whilst establishing profound long-term relationships with our clients. Accordingly it is our vision that “We Grow When You Grow”.

ConnectedSky Legal & Corporate Consultants

Being the corporate arm of our Law firm, Connected Sky Legal & Corporate Consultants is an international corporate services provider with main offices in Nicosia, the capital and largest city of Cyprus.

Duly incorporated under the laws of the Republic of Cyprus and registered under registration number HE259274, ConnectedSky is regulated by the Cyprus Bar Association under License Number 524 and is considered by the Cyprus Securities and Exchange Commission as an Eligible Person to conduct Fiduciary, Trust and other Administrative Business.

In addition to the above, our fully fledged subsidiaries in Russia “OOO ConnectedSky”, Malta “ConnectedSky (Malta) Limited” and Hong Kong “ConnectedSky (HK) Limited” as well as our representative offices and affiliates worldwide furthermore reinforce our global presence with their prolongation of our all-round Corporate, Banking, Legal, Tax, Accounting and Fiduciary Services.

Our professionals are committed to their role as strategic counsellors from both a commercial and legal perspective. Within a global, ever challenging financial environment, ConnectedSky has landmarked its effective approach while properly safeguarding its clients’ interests.

Unifying their in–depth expertise while rigorously complying with the relevant legislation and regulations, our team is paving the way as an innovative Legal & Corporate services provider worldwide.

Our services include yet are not limited to:

KEY TRANSACTIONAL PRACTICES

  • Asset Finance
  • Worldwide Banking
  • Financial Restructuring
  • International Tax Planning
  • Re-domiciliation of Companies
  • Partnership Formation and Dissolution
  • International Corporate Intelligence
  • International Compliance
  • International Debt Collection
  • Family Office Services
  • Residency Services
  • Accounting, Bookkeeping and Audit Assistance
  • Insolvency and Restructuring
  • Mergers & Acquisitions and Cross Border Mergers
  • Investment Funds
  • Intellectual Property
  • Private Equity
  • Private Equity Funds
  • Real Estate Finance
  • Real estate Funds
  • Foundations and Trusts
  • Fiduciary, Trustee, Administrative and Secretarial Services
  • Cyprus Investment Firms
  • Assistance with Recruitment, Training and HR
  • Registration of Ships, Vessels and Private Yachts

WHY CYPRUS

With a proven record of being a thriving business hub, Cyprus provides a vast array of investment opportunities for both individuals and corporate entities. The country’s strategic location, favourable tax environment combined with its modern banking -and legal infrastructure have confirmed its position as a top Foreign Direct Investment (FDI) location.

EU Membership

Being a member of the wider EU and Eurozone community, Cyprus offers a fully EU-approved regime in which investors can benefit of economic and political stability and safety while accessing a high-growth market consisting of more than 500 million EU citizens.

Geographical location

In addition to the above, the Islands unique geographical location at the crossroads of three continents creates a distinct logistical centre in the region which facilitates the conduct of business between Europe, Asia, the Middle East and Africa.

Shipping

Cyprus successfully stands out with its robust and diversified maritime industry that accounts for over 7% of the country’s GDP (including auxiliary services). With an efficient geographical location at the crossroads of the main sea trade routes and a highly attractive fiscal legislative framework, the Island proudly represents the 3rd largest merchant fleet in the EU, the largest third party Ship Management Centre in the EU.

Legal System

Cyprus’ legal system, which is based on English Common Law principles, provides a transparent, effective and user-friendly framework for foreign investors to manoeuvre within.

It is furthermore fully compliant with all EU AML Directives, OECD, FATCA, and the Financial Action Task Force on Money Laundering (FATF), the Financial Stability Forum laws and regulations and EU AML Directives.

Such complete adherence has resulted in an increased interest in Cyprus with regard to the establishment of substance and physical presence. With competitive operational costs that are significantly lower compared to other major financial centres, there is a clear conscious tendency of companies choosing Cyprus as their management centre with operational offices.

Taxation

Cyprus is highly ranked on the list of preferential tax jurisdictions for international tax planners to decrease their overall tax burden and increase their competitiveness by structuring their investments through Cyprus. Whilst maintaining a corporate tax rate of 12, 5% alongside with an extensive network of more than 45 Double Tax Treaties, Cyprus offers international investors a highly attractive regime fully compliant with EU, OECD and international laws and regulations. As such there are several tax advantages for holding companies such as the full participation exemption (dividends and capital gains) and zero withholding taxes on dividends, interests and royalties.

Investment Funds

Following the growth in the European Asset Management Industry, Cyprus has furthermore started modernizing its regulatory framework which resulted in its Funds Law to bear clear characteristics of the regimes in both Luxembourg and Ireland. Aspiring to become a strong contender within the global investment fund and asset management industry, Cyprus has all the right elements firmly in place to part take in what could potentially develop into a multi-billion-euro industry.

As such the islands legislative framework offers full coverage to all fund products (UCITS and non-UCITS) and allows fund managers to structure either as an Alternative Investment Fund Manager compliant with the relevant EU directive, or as an Investment Firm compliant with MiFID. In addition both structuring options allow for cross border services (EU-passporting). Combined with the country’s attractive fiscal framework, fund managers and promoters have progressively been moving into Cyprus thus reshaping the Cypriot fund landscape and raising investor confidence.

Cyprus Trusts

The International Trusts Law of Cyprus strongly resides on the English principles of Equity and Trusts. Cyprus provides a state of the art International Trust Regime, which allows non-residents to establish Trusts with exquisite asset protection features, thorough tax mitigation and confidentiality. Eligible persons benefit considerable tax implications such as taxation in Cyprus of income and profits which are earned or deemed to be earned from sources within and outside of Cyprus. Allowing foreign investors to accumulate and structure their wealth, the Cyprus International Trust (CIT) furthermore offers flexibility with regard to the heirship rules applicable in their resident countries while being in complete accordance with all relevant Anti-Money Laundering Laws and Regulations.

Cyprus IP Box Regime

Representing one of the main assets of an organisation, the choice of the most adequate jurisdiction for the management and centralization of Intellectual Property (IP) is a crucial and strategic decision. Cyprus offers a clear IP tax regime combined with the protection and certainty afforded by EU Member States and by the signatories of all major IP treaties and protocols. The Cypriot intellectual property regime (hereinafter referred to as “the IP box regime” has furthermore completely been aligned with the recommendations of the Organisation for Economic Co-operation and Development (OECD) which additionally introduces the “Nexus Approach”. Such a new IP Box regime implies a deduction of 80% from the qualifying profits which concretely means that only 20% of the qualifying profits earned from qualifying intangible assets are taxed at the rate of 12.5%.

Permanent Residence

Investors have the opportunity to acquire a permanent residency in Cyprus by proceeding with certain investments in the Republic. Such investments include the purchase of a real estate property in the Republic of total market value of at least €300.000 (V.A.T. is not included). Other requirements are also in place. Such a permanent residency may not give the right to the applicant to be employed but it would allow him to receive dividends as a shareholder from a Cyprus legal entity.

Climate and Lifestyle

Whilst consisting of 22% of the Islands total population, Cyprus has the third highest percentage of foreign citizens in the European Union resulting in it being a highly diversified cosmopolitan country. British nationals represent the biggest group of expats followed by large Russian and American communities. Furthermore while combining over 340 days of sun annually with the crystal clear waters of the Mediterranean Sea or the country’s central mountain range (Troodos), Cyprus offers an exquisite display of the Mediterranean nature. In addition Cyprus was cited to be ‘one of the healthiest countries in the world’ by the World Health Organization.


The Firm

Samir & Co LLC is a firm of advocates, legal consultants and advisors duly incorporated under the laws of the Republic of Cyprus under registration number HE284796, licensed to practice law under License Number 323 and regulated by the Cyprus Bar Association.

Samir & Co. LLC was founded in 2011,and consists of high calibre lawyers who are dedicated in providing clients with the most practical, transparent and cost effective services while maintaining high standards of professionalism and ethics. Today, the firm is recognized as one of the fastest growing, dynamic, full-service International Law Firms, Corporate and Tax Consultants in Cyprus.

The Clientele 

Clients from all over the world, such as private individuals and corporations, major banks and other financial institutions, forex companies, investment funds, (including Registered Alterative Investment Funds) multi-million and multi-billion groups of companies, trusts and foundations, rely on C. Samir & Co. LLC for a tailor-made and targeted advice assisting them to successfully manage their businesses. It is noted that the Firm’s remarkable deliverance of unique solutions and projects positively represents our vision and ambition for future undertakings. Such is equally translated through our diversified clientele covering more than 35 countries and 65 jurisdictions. In addition, the Firm is proud to provide multi-family office services to high-net-worth individuals and ultra-high net worth individuals, not only in Europe but also in CIS countries and middle east countries. Lastly clients may rely on the absolute confidentiality of the Firm and the state-of-the-art services offered to each and every client engaged.

The Network

In May 2014, C. Samir & Co. LLC became a full member of SILFA (Staubach International Law Firm Alliance) by acquiring the exclusive rights for Cyprus and thus having 19 representative offices worldwide, while being financially and legally fully independent. In this respect, our Firm ensures presence throughout Europe, Russia, China and the UAE.

Presence

The Firm has offices in the following jurisdictions:

  • Nicosia – Since 2013, the Firm has acquired its new premises which serve as the Company’s headquarters. The Firm’s headquarters are located in Nicosia, the capital of Cyprus.
  • Hong Kong – Together with St. Julians, in 2016 the Firm has opened its first offices in Hong Kong.
  • Moscow – Since 2013, the Firm has established its first group offices in Moscow, Russia.
  • Kyiv – In 2017, the Firm has established its first group office in Kyiv.
  • Julians – In 2016, the Firm has established its group offices in St. Julian’s Malta.

All group offices outside of the Republic of Cyprus serve as branches of the Firm and marketing offices that provide support to our international clients as well as a place of reference where the need arises.

It is the Firm’s intention to expand its branches during the upcoming years in jurisdictions in Middle East and in particular United Arab Emirates.


CLIENT: Mrs Elena Pogospegova
COMPANY/FIRM: ANP Firm
TESTIMONIAL: The team has a significant experience with commercial advising, corporate matters and merges and acquisitions in complex cases which are quite demanding. Throughout the years, the team has proven that their continuous education and training has paid off in the sense that any new trend or legal update will be applied, and any new obligations shall be addressed in the most professional and time efficient manner.

Cyprus

C. Samir & Co LLC.

Our remarkable deliverance of unique solutions and projects over the single course of five years positively represents our vision and ambition for future undertakings. Such is equally translated through our diversified clientele covering more than 35 countries and 65 jurisdictions.

We stand as The Law Firm of choice for clients from all over the world. Private individuals and corporations, major banks and other financial institutions, forex companies, multi-million and multi-billion groups of companies, trusts and foundations rely on C. Samir & Co. LLC for tailor-made solutions and advice.

We understand that business in general transcends deals and transactions. Hence we pride ourselves on becoming trusted advisers whilst establishing profound long-term relationships with our clients. Accordingly it is our vision that “We Grow When You Grow”.

ConnectedSky Legal & Corporate Consultants

Being the corporate arm of our Law firm, ConnectedSky Legal & Corporate Consultants is an international corporate services provider with main offices in Nicosia, the capital and largest city of Cyprus.

Duly incorporated under the laws of the Republic of Cyprus and registered under registration number HE259274, ConnectedSky is regulated by the Cyprus Bar Association under License Number 524 and is considered by the Cyprus Securities and Exchange Commission as an Eligible Person to conduct Fiduciary, Trust and other Administrative Business.

In addition to the above, our fully fledged subsidiaries in Russia “OOO ConnectedSky”, Malta “ConnectedSky (Malta) Limited” and Hong Kong “ConnectedSky (HK) Limited” as well as our representative offices and affiliates worldwide furthermore reinforce our global presence with their prolongation of our all-round Corporate, Banking, Legal, Tax, Accounting and Fiduciary Services.

Our professionals are committed to their role as strategic counsellors from both a commercial and legal perspective. Within a global, ever challenging financial environment, ConnectedSky has landmarked its effective approach while properly safeguarding its clients’ interests.

Unifying their in–depth expertise while rigorously complying with the relevant legislation and regulations, our team is paving the way as an innovative Legal & Corporate services provider worldwide.

Our services include yet are not limited to:

KEY TRANSACTIONAL PRACTICES

  • Asset Finance
  • Worldwide Banking
  • Financial Restructuring
  • International Tax Planning
  • Re-domiciliation of Companies
  • Partnership Formation and Dissolution
  • International Corporate Intelligence
  • International Compliance
  • International Debt Collection
  • Family Office Services
  • Residency Services
  • Accounting, Bookkeeping and Audit Assistance
  • Insolvency and Restructuring
  • Mergers & Acquisitions and Cross Border Mergers
  • Investment Funds
  • Intellectual Property
  • Private Equity
  • Private Equity Funds
  • Real Estate Finance
  • Real estate Funds
  • Foundations and Trusts
  • Fiduciary, Trustee, Administrative and Secretarial Services
  • Cyprus Investment Firms
  • Assistance with Recruitment, Training and HR
  • Registration of Ships, Vessels and Private Yachts

WHY CYPRUS

With a proven record of being a thriving business hub, Cyprus provides a vast array of investment opportunities for both individuals and corporate entities. The country’s strategic location, favourable tax environment combined with its modern banking -and legal infrastructure have confirmed its position as a top Foreign Direct Investment (FDI) location.

EU Membership

Being a member of the wider EU and Eurozone community, Cyprus offers a fully EU-approved regime in which investors can benefit of economic and political stability and safety while accessing a high-growth market consisting of more than 500 million EU citizens.

Geographical location

In addition to the above, the Islands unique geographical location at the crossroads of three continents creates a distinct logistical centre in the region which facilitates the conduct of business between Europe, Asia, the Middle East and Africa.

Shipping

Cyprus successfully stands out with its robust and diversified maritime industry that accounts for over 7% of the country’s GDP (including auxiliary services). With an efficient geographical location at the crossroads of the main sea trade routes and a highly attractive fiscal legislative framework, the Island proudly represents the 3rd largest merchant fleet in the EU, the largest third party Ship Management Centre in the EU.

Legal System

Cyprus’ legal system, which is based on English Common Law principles, provides a transparent, effective and user-friendly framework for foreign investors to manoeuvre within.

It is furthermore fully compliant with all EU AML Directives, OECD, FATCA, and the Financial Action Task Force on Money Laundering (FATF), the Financial Stability Forum laws and regulations and EU AML Directives.

Such complete adherence has resulted in an increased interest in Cyprus with regard to the establishment of substance and physical presence. With competitive operational costs that are significantly lower compared to other major financial centres, there is a clear conscious tendency of companies choosing Cyprus as their management centre with operational offices.

Taxation

Cyprus is highly ranked on the list of preferential tax jurisdictions for international tax planners to decrease their overall tax burden and increase their competitiveness by structuring their investments through Cyprus. Whilst maintaining a corporate tax rate of 12, 5% alongside with an extensive network of more than 45 Double Tax Treaties, Cyprus offers international investors a highly attractive regime fully compliant with EU, OECD and international laws and regulations. As such there are several tax advantages for holding companies such as the full participation exemption (dividends and capital gains) and zero withholding taxes on dividends, interests and royalties.

Investment Funds

Following the growth in the European Asset Management Industry, Cyprus has furthermore started modernizing its regulatory framework which resulted in its Funds Law to bear clear characteristics of the regimes in both Luxembourg and Ireland. Aspiring to become a strong contender within the global investment fund and asset management industry, Cyprus has all the right elements firmly in place to part take in what could potentially develop into a multi-billion-euro industry.

As such the islands legislative framework offers full coverage to all fund products (UCITS and non-UCITS) and allows fund managers to structure either as an Alternative Investment Fund Manager compliant with the relevant EU directive, or as an Investment Firm compliant with MiFID. In addition both structuring options allow for cross border services (EU-passporting). Combined with the country’s attractive fiscal framework, fund managers and promoters have progressively been moving into Cyprus thus reshaping the Cypriot fund landscape and raising investor confidence.

Cyprus Trusts

The International Trusts Law of Cyprus strongly resides on the English principles of Equity and Trusts. Cyprus provides a state of the art International Trust Regime, which allows non-residents to establish Trusts with exquisite asset protection features, thorough tax mitigation and confidentiality. Eligible persons benefit considerable tax implications such as taxation in Cyprus of income and profits which are earned or deemed to be earned from sources within and outside of Cyprus. Allowing foreign investors to accumulate and structure their wealth, the Cyprus International Trust (CIT) furthermore offers flexibility with regard to the heirship rules applicable in their resident countries while being in complete accordance with all relevant Anti-Money Laundering Laws and Regulations.

Cyprus IP Box Regime

Representing one of the main assets of an organisation, the choice of the most adequate jurisdiction for the management and centralization of Intellectual Property (IP) is a crucial and strategic decision. Cyprus offers a clear IP tax regime combined with the protection and certainty afforded by EU Member States and by the signatories of all major IP treaties and protocols. The Cypriot intellectual property regime (hereinafter referred to as “the IP box regime” has furthermore completely been aligned with the recommendations of the Organisation for Economic Co-operation and Development (OECD) which additionally introduces the “Nexus Approach”. Such a new IP Box regime implies a deduction of 80% from the qualifying profits which concretely means that only 20% of the qualifying profits earned from qualifying intangible assets are taxed at the rate of 12.5%.

Permanent Residence

Investors have the opportunity to acquire a permanent residency in Cyprus by proceeding with certain investments in the Republic. Such investments include the purchase of a real estate property in the Republic of total market value of at least €300.000 (V.A.T. is not included). Other requirements are also in place. Such a permanent residency may not give the right to the applicant to be employed but it would allow him to receive dividends as a shareholder from a Cyprus legal entity.

Climate and Lifestyle

Whilst consisting of 22% of the Islands total population, Cyprus has the third highest percentage of foreign citizens in the European Union resulting in it being a highly diversified cosmopolitan country. British nationals represent the biggest group of expats followed by large Russian and American communities. Furthermore while combining over 340 days of sun annually with the crystal clear waters of the Mediterranean Sea or the country’s central mountain range (Troodos), Cyprus offers an exquisite display of the Mediterranean nature. In addition Cyprus was cited to be ‘one of the healthiest countries in the world’ by the World Health Organization.