NATURALIZATION OF PERSONS & RESIDENCY PERMIT

Naturalization of Persons

The Republic of Cyprus has established a scheme for naturalization of investors in Cyprus by exception (hereinafter the “Scheme”) as part of its policies to encourage foreign direct investments and attract high net worth individuals to reside and do business in Cyprus. The Scheme, as revised on the 13^th of September 2016, provides for the granting of citizenship to non-Cypriot high-net worth individuals, investors and entrepreneurs subject to the fulfillment of certain criteria, terms and conditions as set out below. 

Who can apply?

A non- Cypriot citizen may apply for naturalization by exception either personally or through a company/companies.

In case of an application through a company/ies, the applicant must either (a)participate in such company/ies as a shareholder – in proportion to his holding percentage, or (b) through investments done by his/her spouse or jointly with the spouse or (c)  as a high-ranking senior manager of such  company/ies that she/he receives such a remuneration that generates for Cyprus tax revenues of at least €100,000 over a three (3) year period and provided that this tax has already been paid or prepaid.

Economic Criteria

According to the Scheme, the applicant shall meet one of the below economic criteria:

1.      Investment in real estate, land development and infrastructure projects:

The applicant must have made an investment of at least €2, 0 million for the purchase or construction of buildings or for the construction of other land development projects (residential or commercial developments, developments in the tourism sector) or other infrastructure projects.

It shall be noted that investment in land under development is included in this criterion, provided that an investment plan for the development of the purchased land will be included in the application. It is understood that investment in land that is situated in a building zone of zero development, is excluded.

2.      Purchase or Establishment or Participation in Cypriot Companies or Businesses:

The applicant should have made a purchase or should have participated in companies or organizations established and operating in Cyprus with investment costs of at least €2,0 million. The invested funds shall be channeled towards the financing of the investment objectives of these companies exclusively in Cyprus, based on a specific investment plan.

The applications shall be evaluated to verify that the companies or organizations have proven physical presence in Cyprus, with significant activity and turnover and employ at least five (5) Cypriot or citizens of European Union member-states. The minimum number of employees shall increase, if more than one applicant invests simultaneously or almost simultaneously in the same business or company. In addition, the employees of the companies need to have legally and continuously resided in Cyprus during the five (5) years preceding the application submission date.

3.      Investment in Alternative Investment Funds or financial assets of Cypriot companies or Cypriot organizations that are licensed by Cyprus Security and Exchange Commission (hereinafter “CySec”)

The applicant should have bought units of at least €2,0 million from alternative investment funds (AIF) established in Cyprus, licensed and supervised by the CySec and whose investments are made exclusively in Cyprus, in investments that meet the criteria of this Scheme or in areas approved by the Minister of Finance.

 In order to confirm that the investments that meet the criteria of the current Scheme will be kept for at least three years, the manager or the auditor of the Fund shall inform in writing and on an annual basis, the Ministries of Finance and Interior with reference to the value of the initial investment.

The purchase of financial assets of Cypriot companies or organizations of at least €2,0 million, such as bonds, bills and securities, issued with the approval of the CySec, by companies that have proven physical presence and substantial economic activity in  Cyprus, and have as a purpose the financing of the investment plans of these companies or organizations exclusively in Cyprus, based on an investment plan, fall under this criterion.

Finally, it shall be noted that the purchase by an AIF of units of other AIFs is not considered eligible.

4.      Combination of the aforementioned investments

The applicant may proceed with a combination of the above investments, provided that the total investment will amount up to at least €2,0 million. Within this criterion, the applicant may purchase special government bonds of Cyprus, up to €500.000, which will be issued by the Public Debt Management Office of the Ministry of Finance, on condition that the investor will retain these bonds for a three year period. The characteristics and the terms of these special bonds will be determined by the General and Special Issue Terms of the Government Bonds of Cyprus. Investments in government bonds through the secondary market are not considered eligible.

Terms and conditions

1.       Clean Criminal Record;

2.       Residence in the Republic of Cyprus:

·      the applicant must possess a permanent privately-owned residence in Cyprus, the purchase price of which must be at least €500.000, plus V.A.T. ,

·      members of the same family, who apply separately, can collectively acquire a residence, provided that the total value of such home-property covers the amount of €500.000, plus V.A.T. per each applicant ; and

3.       Residence permit:

·      the applicant, prior to his/her naturalization as a Cypriot citizen must hold a residence permit in Cyprus as below,

·      in case the applicant does not already hold a residency permit, he/ she may apply for one simultaneously with the application of naturalization. If application for residency permit is solely for naturalization purposes, there are no other conditions other than the ones stated in the Scheme.

Submission of documents

Specific documents must be submitted and, depending on the case, additional documents will be required.

Further to the list provided by the ministry of interior of Cyprus, additional documentation may be requested by either the Ministry of Interior or the Ministry of Finance for evaluation purposes.

General notes

·      in addition to the above-listed criteria, terms and conditions,  it is required that the necessary investments should have been made by the applicant during the three (3) years preceding the date of the application and the applicant must retain the said investments for a period of at least three (3) years as from the date of the naturalization;

·      the Cabinet of Ministers has absolute discretion in deciding whether or not to grant a citizenship to the applicant;

·   in the case where, following a periodic inspection, it has been established that a criterion, term or condition of the Scheme has been breached, the granted naturalization may be revoked; and

·      the Scheme provides for the grant of the Cypriot citizenship to the spouse or partner of the applicant, to the parents of the applicant (subject to the requirements set out therein) and to the financially dependent adult children of the applicant as well (as these are defined therein). The spouse or partner of the applicant may acquire the  Cypriot citizenship after filing the relevant application but it is understood that the Council of Ministers allows for the submission of the spouse’s or partner’s application along with the applicant’s application so that they will both acquire the Cypriot citizenship simultaneously. As regards the minor children, the adult children and the applicant’s parents their application shall be submitted after the applicant has acquired the Cypriot citizenship. Moreover, it shall be noted that the adult family members of the applicant prior to their naturalization as Cypriot citizens must hold a residence permit in Cyprus.

Residency Permit

A residency permit may be issued to any person who is a third country nationals (the “Applicant”), provided that such person fulfills the following criteria:

(a)               The Applicant must prove that he/she has at his/her disposal a secured minimum annual income of €30,000, from sources other than employment in Cyprus. The required income of €30,000 could derive from salaries of employment abroad and not in Cyprus, pensions, stock shares, rents, etc. The necessary minimum annual income is increased by €5.000 for each dependent person of his/her family (spouse/partner and children) and by €8.000 for every dependent parent or parent-in-law.

(b)               The Applicant must submit the application form accompanied with a Title of ownership or contract of sale, of a property in Cyprus, a house, apartment or other building, in his/her name and/or the name of his/ her spouse, of a minimum market value of €300,000 and proof of payment for at least €200,000. The contract of sale should already have been submitted to the Department of Lands and Surveys.

                Further it is noted that the real estate purchase may be accepted even when made in the name of a legal person, provided that (i) the applicant and/or his/her spouse are the sole shareholders or the ultimate beneficial owners of it, and (ii) the legal person is legally established in the Republic of Cyprus or other member state of the European Union or European Economic Area. 

            Also, it shall be noted that the purchase must be in relation to a property sold for the first time by a development company.

(c)                The Applicant must submit a confirmation letter from a Cypriot Bank stating that he/she has deposited a minimum capital of €30.000 in an account, which will be pledged at least for a three year period.

It is noted that the amounts mentioned in paragraphs (b) and (c) should be proven to have been transferred to Cyprus from abroad.

(d)               The applicant must submit a Criminal Record Certificate (if the applicant resides abroad), which must be issued by the Authorities in his country of origin, and he should not constitute in general any threat against public order or security in Cyprus.

(e)                The applicant should submit a Statement that he does not intent to work or be engaged in any form of business in Cyprus.

(f)                 The applicants should visit Cyprus at least once every two years.

The application should be submitted on the prescribed form to the relevant authority personally or through post or through a representative.

It is estimated that when applying the procedure described above, the period for the examination of the application, shall not exceed a period of 2 months.

The residency permit issued to an applicant covers his/her spouse and children under the age of 18.

Note however that the residency permit does not provide visa-free travel to other EEA Member States.

For further information please contact us at:

Clerides, Anastassiou, Neophytou LLC

Ergoserve Building

Limassol, Cyprus

Tel: +357 25 274050

info@cyplaw.com

This material has been prepared by professionals of Clerides, Anastassiou, Neophytou LLC. It is intended as a general guide only, and its application to specific situations will depend on the particular circumstances involved. Accordingly, we recommend that readers seek appropriate professional advice regarding any particular problems that they encounter. This information should not be relied upon as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Clerides, Anastassiou, Neophytou LLC accepts no responsibility for any errors or omission it may contain or any opinions contained herein whether caused by negligence or otherwise, or for any losses, however caused, sustained by any person that relies upon it.

Clerides, Anastassiou, Neophytou LLC provides corporate and commercial legal services, to public and private international and local clients spanning multiple industries. Please visit our internet site at www.cyplaw.com for a full description of our services and representative transactions. 

All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior permission of the publisher.

International honours for Clerides, Anastassiou, Neophytou LLC

Clerides, Anastassiou, Neophytou LLC has been again selected and ranked by the highly regarded international rating directories for law firms, LEGAL 500 and Chambers and Partners, as among the best law firms in Cyprus for 2016.

Specifically, Clerides, Anastassiou, Neophytou LLC achieved a high distinction by LEGAL 500 for its experience and expertise, as well as for the high standard of quality services it offers in three categories of law, namely, Commercial, Corporate and Mergers & Acquisition, Tax, and Banking & Finance.

Chambers and Partners also gave high praise to the law firm in its annual evaluation. The law firm excelled in the categories of Commercial and Corporate law , Banking and Finance, as well as in the category of Tax. Chambers and Partners stresses that the firm is well known for its knowledge in the areas of private equity and venture capital funds, capital markets and financial transactions, particularly on a cross-border level. It adds that the firm is also recognised for its experience in the area of corporate bonds and structuring of commercial transactions, thus achieving maximum security for its clients. It also notes the firm’s expertise in a wide range of cross-border matters, such as mergers, restructurings and Initial Public Offerings (IPO).

Lawyers Effie Anastassiou, Stavros Clerides and Stephanos Evangelides also received highly honourable personal mentions, regarding their expertise and the high level of quality services they provide.

The two international rating agencies base their evaluations on a large sample of independent research work and choose and evaluate the most established law firms globally by area of expertise. It is worth noting that Clerides, Anastassiou, Neophytou LLC has received similar honorary distinctions in previous years from these particular agencies, as well as others.

THE ALTERNATIVE INVESTMENT FUND MANAGERS REGIME – A NEW ERA FOR THE FUNDS INDUSTRY

On July 5, 2013 Cyprus transposed into law the EU Alternative Investment Fund Managers (AIFM) Directive by introducing the Alternative Investment Fund Managers Law (AIFML).

Choosing Cyprus as the place of establishment of an AIFM holds multiple benefits, such as the local favorable tax regime, Cyprus network of double tax treaties, comparably low establishment and maintenance costs and of course taking advantage of the passporting features of the directive itself across the EU.

Our firm has already auspiciously assisted in the successful application of a major European Institutional Group for an Alternative Investment Fund Manager licence in Cyprus under the AIFM law, and facilitated with all relevant EU passporting procedures.

Moreover, our firm maintains a specialised team of associates, who stand ready to assist you with high-value, cost-efficient services, undertaking all necessary arrangements and steps for the successful application of an AIFM license.

To obtain the full brochure on the AIFML, you may email us at: info@cyplaw.com and we shall provide you with the pdf version of this file.

ALTERNATIVE INVESTMENT FUNDS

You may view below our full brochure on Alternative Investment Funds:

April 2015

History

The Alternative Investment Funds Law of 2014 (the “Law”) came into force in July 2014 replacing and repealing the International Collective Investment Schemes Law of 1999 (the “ICIS Law”) in an effort to bring together under a single supervisory authority, namely the Cyprus Securities and Exchange Commission (“CySec”), all Cyprus investment firms, products and asset managers. The Law adopts relevant EU Directives on asset management and updates the funds’ regime in Cyprus; it applies to Alternative Investment Funds (the “AIFs”) established in Cyprus regulating effectively the responsibility and role of persons involved in the activities of the AIFs (such as directors, custodians, external managers etc.) and provides rules for the ongoing operations of the AIFs, their transparency requirements and supervision. Certain specialised arrangements inter alia insurance business, employee participations schemes and securitisation SPVS (special purpose vehicles) are excluded from the armpit of the Law.

What is an AIF and how can it be structured?

The purpose of an AIF is a collective investment undertaking to raise external capital from a number of investors with a view of investing such capital in accordance with a defined policy for the benefit of those investors, and which has not been authorised as a UCITS fund. 

The Law permits the establishment of two types of AIFs: 

• An AIF for an unlimited number of persons, which can be marketed to (i) the public or (ii) to a well informed and/or professional investor. 
• An AIF which can be marketed to well informed and/or professional investors, whose number cannot exceed 75 (AIF-LNP). Among these two types of AIF, the AIF-LNP is the most lightly regulated type - it is not subject to minimum capital requirements or investment restrictions.

A professional investor is an investor who is considered a professional client, under the MiFID (Markets in Financial Instruments Directive) or may on request be treated as such. A well informed investor is an investor who is not a professional investor but is aware of the risks related with the proposed investment and shows that he has the necessary experience and knowledge to be able to evaluate the appropriateness of the investment in the AIF. A retail investor is neither a professional nor a well-informed investor.

An AIF may be structured in one the following ways: 

• a limited partnership; 
• a limited liability company with shares which can be either of a fixed or of a variable capital; 
• a mutual/common fund (only available for AIF with no limited number of investors).

How can an AIF be used?

The AIF can be used as: 

• An umbrella fund with multiple investment compartments enabling the management of different pools of assets with distinct investment policies in segregated sub-funds within the AIF. 
• A mutual/common fund where the investors are all co-owners of the assets of the AIF. 
• A family or closed pool fund for a limited number of investors.

Public offerings of the AIF shares/units and listings in stock markets are possible increasing in this way the participation of potential investors and promoting transparency and marketability.

Custodian

The custodian / depositary is no longer a role to be undertaken strictly and solely by banking or credit institutions, the duties of the custodian / depositary can be undertaken by any investment firm or other similar in nature entity which can be particularly attractive for real estate and private equity funds.

In case the AIF-LNP’s assets are not eligible for custody, the requirement for the appointment of a custodian/depositary may be waived for an AIF-LNP or may be performed (as stated above) pursuant to the provision of clause 23(5) of the Law by “an entity which performs depositary functions within the context of its professional or business activities, for the performance of which is subject to professional registration recognised by legal, regulatory or administrative provisions or by rules of professional conduct and can provide sufficient financial and professional guarantees that it will perform sufficiently its depositary duties and meet the commitments associated with these duties”.

Other AIF Characteristics 

• Open-ended and Close-ended funds: in open-ended funds the investors have the right to redeem/repurchase their units/shares upon request either at any time or at regular intervals not exceeding one year; in close-ended funds the investors have the right to redeem/repurchase their units/shares upon request either at regular intervals exceeding one year but not exceeding five years or at a specific time as specified in the AIF’s constitutional documentation. 
• An AIF can be either self-managed provided that the regulations of the Law are complied with, or it can be managed by an external manager, such as an Alternative Investment Fund Manager authorised pursuant to the Alternative Investment Fund Managers Law of 2013, or a UCITS (Undertakings for Collective Investment in Transferable Securities) management company or a Cyprus Investment Firm. An AIF-LNP may also be managed by a management company set up for the exclusive purpose of managing the specific AIF-LNP subject to CySec approval. AIFs with unlimited number of persons are subject to a minimum capital of at least Euro 125.000 or Euro 300.000 in the event such an AIF with unlimited number of persons is self-managed.

Tax and other Benefits 

• Flat rate of 12.5% corporate tax 
• Profits realised from redemption from holdings in other companies (including AIFs) are not subject to income tax 
• No taxation on capital gains 
• No withholding tax on dividend distributions received by a non-Cyprus tax resident 
• The AIF can take advantage of the Cyprus double tax treaty network 
• Services provided by the investment manager of an AIF are not subject to a VAT charge 
• The regulatory requirements and timing required for the processing of the licensing application are reasonable 
• Low set-up and operations costs compared to other jurisdictions.

What we can do for you: 

Advise you on the set up and structure of an AIF. Assist with the incorporation of an entity to be licensed as an AIF, including drafting all constitutional documentation required. Prepare the licensing application package (including all documents and forms required under the legal regime) for CySec and where applicable for the Registrar of Companies in Cyprus, following up with the processing of the application and liaising with CySec and other local authorities until such time as the AIF is fully operative. Provide legal support throughout the AIF’s application process and operation. Provide ongoing administration and legal services for the AIF throughout its life.

How we can help you:

Clerides Anastasiou Neophytou is a leading law firm in Cyprus specialising in corporate, commercial, and tax law and M&A transactions. We are top ranked in tax law and highly recommended in corporate and M&A by well-known international agencies ranking law firms worldwide. Our associates and staff stand ready to assist you with efficient, high value cost efficient services to help you structure your transactions in Cyprus.

For further information please contact us at:

Clerides, Anastassiou, Neophytou LLC

Limassol, Cyprus

Tel: +357 25 274050

info@cyplaw.com

This material has been prepared by professionals of Clerides, Anastassiou, Neophytou LLC. It is intended as a general guide only, and its application to specific situations will depend on the particular circumstances involved. Accordingly, we recommend that readers seek appropriate professional advice regarding any particular problems that they encounter. This information should not be relied upon as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Clerides, Anastassiou, Neophytou LLC accepts no responsibility for any errors or omission it may contain or any opinions contained herein whether caused by negligence or otherwise, or for any losses, however caused, sustained by any person that relies upon it.

Clerides, Anastassiou, Neophytou LLC provides corporate and commercial legal services, to public and private international and local clients spanning multiple industries. Please visit our internet site at www.cyplaw.com for a full description of our services and representative transactions. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior permission of the publisher.

CYPRUS INTERNATIONAL TRUSTS

You may view below our full brochure on Cyprus International Trusts:

June 2014

History

In 1992, Cyprus enacted The International Trusts Law, which complemented and modernised the existing Trustee Law, an action which has proven to be a “successful step” towards rendering Cyprus a favourable jurisdiction attracting foreign investors from all over the world for the creation of international trusts. The 1992 International Trusts Law was further amended in early 2012 to adapt to the changing circumstances of the business world, strengthening in this way even more the position of Cyprus as one of the most attractive trust jurisdictions by providing a flexible, secure and modern legal and taxation framework. The International Trusts Law of 1992 to 2013 now seems to be more easily adaptable to the business needs of today’s ever growing requirements.

Concept

The Trust is a fiduciary arrangement/agreement whereby an individual (Settlor) either during one’s lifetime or upon death places assets under the control of a third party (Trustee), to hold and manage the assets on behalf and for the benefit of another third party (Beneficiary). It is common but not compulsory for a Trust to have a Protector to whom the Settlor may give the right to restrict the rights and powers of the Trustee, veto the latter’s decisions, or even appoint or terminate the appointment of a Trustee.

Few words on what constitutes the Cyprus International Trust (CIT) 

A CIT can be established if the Settlor and any Beneficiary (with the exception of a charitable organization) are not Cyprus tax residents in the calendar year preceding the year of the creation of the Trust, thus Settlors can now relocate to Cyprus after establishing a CIT and Beneficiaries no longer need to be non-Cyprus tax residents during the life of the Trust. At least one of the Trustee(s) must be a resident of Cyprus. A CIT has no limit as to the period of its duration; a Trust may continue to be valid and enforceable for an indefinite period. A beneficiary can be an individual (including an unborn person) or a legal person. Purpose trusts are allowed and the trustee may have an interest in the trust property. Trustees are permitted to hold, maintain and/or invest in movable and immovable property located in Cyprus and elsewhere, which also includes investing in shares of a company incorporated in Cyprus. The Settlor has the right to reserve many powers, inter alia, revoke or amend the provisions of the Trust, to appoint or remove any Trustee, Inspector, Protector or Beneficiary of the Trust and is able to limit the Trustees’ powers. For a CIT that is governed by Cyprus Law, subject to the terms of the trust document, any inheritance laws of both Cyprus and other jurisdictions cannot interfere with the effect of a CIT thus giving exclusivity to the trust laws of Cyprus as regards CITs by excluding conflict of laws. All matters of the CIT, subject to the terms of the trust document, are determined under Cyprus law while at the same time a CIT may be changed to another foreign law.

Benefits 

The income and gains of a CIT which are earned or deemed to be earned from all sources (in and out of Cyprus) are subject to Cyprus tax only in the event of a beneficiary being a Cyprus tax resident; In the case of a beneficiary who is not a Cyprus tax resident, only income or gains earned or deemed to be earned from Cyprus sources are subject to Cyprus tax; There is no inheritance tax or estate duty in Cyprus; CITs and their bank deposits in Cyprus banks are not subject to exchange control; There are no reporting requirements for CIT; Registration of the CIT is not compulsory, apart from registering the CIT with one of the three authorities in Cyprus supervising and regulating the provision of trustee services by giving some specific information on the CIT such as name, address, date of creation etc. to be in line with EU and local anti-money laundering laws; Anonymity and confidentiality of the individuals creating a CIT and of their beneficiaries are safeguarded by provisions of the law; Asset protection for minors and other family members, against spendthrift beneficiaries or against risks arising in contract or otherwise from transactions entered into by the Settlor, or even against potential liquidation or bankruptcy of the latter; Very low and competitive cost prices for setting up and maintaining a CIT, with a stamp duty payable to the Cyprus authorities not exceeding Euro 450.

What we can do for you:

Advise you on the creation of a CIT and draft all required legal documentation in relation thereto. Set up and manage trustee companies to offer their trusteeship services to a CIT. Advise you about all issues relating to a CIT, including trustee powers, beneficiary rights etc., and for any other matter that may be of concern to you in relation to the creation of a CIT or of an existing CIT. Review and interpret trust deeds and other trust related documentation. Advise on tax matters relating to the creation and maintenance of a CIT. For further information please contact Dimitra Papadopoulou at d.papadopoulou@cyplaw.com 

How we can help you:

Clerides Anastasiou Neophytou is a leading law firm in Cyprus specialising in corporate, commercial, and tax law and M&A transactions. We are top ranked in tax law and highly recommended in corporate and M&A by well-known international agencies ranking law firms worldwide. Our associates and staff stand ready to assist you with efficient, high-value, cost-efficient services, to help you structure your transactions in Cyprus.

For further information please contact us at:

Clerides, Anastassiou, Neophytou LLC

Limassol, Cyprus

Tel: +357 25 274050

info@cyplaw.com 

This material has been prepared by professionals of Clerides, Anastassiou, Neophytou LLC. It is intended as a general guide only, and its application to specific situations will depend on the particular circumstances involved. Accordingly, we recommend that readers seek appropriate professional advice regarding any particular problems that they encounter. This information should not be relied upon as a substitute for such advice. While all reasonable attempts have been made to ensure that the information contained herein is accurate, Clerides, Anastassiou, Neophytou LLC accepts no responsibility for any errors or omission it may contain or any opinions contained herein whether caused by negligence or otherwise, or for any losses, however caused, sustained by any person that relies upon it.

Clerides, Anastassiou, Neophytou LLC provides corporate and commercial legal services, to public and private international and local clients spanning multiple industries. Please visit our internet site at www.cyplaw.com for a full description of our services and representative transactions. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without prior permission of the publisher.

An interview by Mr. Stavros Clerides regarding CAN which appeared in Gold Magazine recently

You may visit here the interview delivered by Mr. Stavros Clerides regarding C.A.N. LLC which appeared in Gold Magazine recently.

C.A.N. Press Release as it appeared in Gold News

The latest publication of the Legal 500, one of the world’s largest independent and most distinguished legal referral guides which ranks law firms and lawyers internationally on the basis of merit, has awarded top tier status to Cyprus law firm Clerides Anastassiou Neophytou LLC.

The Limassol-based law firm has been highly recommended in the practice areas of Corporate and M&A and Banking and Finance for Cyprus. 

The Legal 500 further distinguished and ranked Partner Stavros Clerides as a leading individual in Tax in its elite "Leading lawyers" list of Europe, Middle East & Africa 2015,

Additionally, several lawyers of the firm were highly recommended and praised for their work, including Effie Anastasiou and Stephanos Evangelides. Lawyers of the firm have been praised by the directory for “going the extra mile and thinking outside the box to provide innovative solutions”. 

With regards its Corporate and M&A work, the institution considered and praised the firm as “one of the best firms in Cyprus”. 

The Legal 500 Series' analysis of law firm capabilities extends to over 100 jurisdictions worldwide, is used by commercial and private clients, corporate counsel, CEOs, CFOs and professional advisers, (as well as by other referrers of work both nationally and  internationally) and the series is widely chosen for its definitive judgement of law firm capabilities.