Litigation and Dispute Resolution practice breaks through to Legal 500 top tier rankings for 2022
Athos Demetriou Associates LLC adds yet another practice area in the coveted Legal 500 EMEA top tier practice areas
Main goal of the economic policy of the Republic of Cyprus is the further encouragement of foreign direct investment and to attract high net worth individuals that would be established and have operations in Cyprus. Main reasons that Cyprus is considered an attractive destination for investments is the qualified staff, the credible legislative framework and the stable tax system and the safety and stability in the country.
Considering the above and the increased interest in investments, the government of the Republic of Cyprus has updated the Cyprus Investment Programme based on the basis of subsection (2) of section 111A of the Civil Registry Laws of 2002-2017 with specific incentives, terms and conditions as well as procedures avoid misuse of the Investment Programme. The Decision of the Council of Ministers dated 13.02.2019 in regards to the new changes on the Cyprus Investment Programme have been published to the official gazette of the Republic of Cyprus. As per the Decision, the majority of the changes with the exception of certain clauses will come into force on the 15th of May 2019.
Based on the aforementioned decision the Council of Ministers approved the following amendments to the Scheme, effective as of 13/02/2019:
Further announcements/guidelines are expected to be published by the authorities in due time.
Athos Demetriou Associates LLC adds yet another practice area in the coveted Legal 500 EMEA top tier practice areas
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