Meet the team

Tax

Chrysostomides Advocates & Legal Consultants

Nicosia, Cyprus
+1 other location
  • Limassol, Cyprus
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Deals

We provided corporate tax advice to Chinese multinational technology and entertainment conglomerate Tencent on its acquisition of a 100% share capital in FM Games Holding Limited through Miniclip, which manages a growing portfolio of games across all major mobile platforms.

We advised Fedex (the American multinational conglomerate holding company focused on transportation, e-commerce, and services) on various tax issues in Cyprus, including domestic tax reporting and compliance obligations under income tax and social insurance contributions arising from the client’s Stock Incentive Plan.

We are advising Microsoft Corporation on Cyprus tax matters in relation to tax updates to its employee stock purchase plan. Our advice includes income tax, employment taxes, employment law and social security legislation.

Organigram

Team Services

We have full knowledge of and understand the intricacies of the Cyprus and international taxation system and work with our clients in a comprehensive manner to maximise their tax benefits, according to their overall objectives.

Our firm has the expertise and experience to design, implement and defend tax planning structures built around the Cyprus tax regime, which take into account the challenges brought about by the ever-changing global economic environment and evolving tax regimes. We strive to enhance tax efficiency, risk reduction and avoidance of tax controversy, effectively and efficiently, in matters involving corporate tax, property tax, personal tax, employment taxes, VAT and customs duties.

In terms of corporate tax, we advise on mergers and acquisitions, reorganisations, joint ventures, commercial projects and due diligence matters. Our corporate and dispute resolution departments work closely with our tax practice team on multijurisdictional transactions and assist with implementing and defending tax strategies for our clients’ international operations and transactions.

Our clients are involved in a wide range of business activities that include finance, property, shipping, technology and energy. A significant part of our firm’s tax-related work concerns private client wealth and personal tax. In this respect, we have advised on tax efficient schemes and incentives for HNWIs, including yacht and aircraft leasing schemes and the use of trusts as well as on individual tax domicile and residency including the Cyprus non-domiciled regime and the exemptions and incentives available to individuals relocating to Cyprus.

We also provide advice to financial institutions in their capacities as trustees, executors, custodians and investment managers.

Testimonials

Awards and Recognition

TIER 1 LEGAL 500 EMEA RANKING

The 2023 Legal 500 Europe, Middle East & Africa ranks Chrysostomides Advocates & Legal Consultants in leading Tier 1 for all seven areas of practice we are listed in.