A.G. Paphitis & Co LLC

A.G. Paphitis & Co LLC is a full-service law firm in Cyprus. Providing legal, corporate, financial solutions advisory, tax and immigration services, their client portfolio consists of local and foreign private individuals, international corporations, and multinational corporations. With strong presence in the international market, AGP’d tailor-made advice is expertly woven to make it possible for clients to succeed in their endeavors.

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Hyper-connectivity of our world defines our era. As a result of this hyper-connectivity, digital markets and services are rapidly growing, thus facilitating people and organizations to conduct business anywhere, anytime. The fact that businesses and entrepreneurs around the globe can gather in the same (virtual) place within an instance would, sooner or later, affect the way they seek finance of their projects and increase the number of investment opportunities for the investors in exchange for…
Finally, after what seems to have been quite a delay, on June 1, 2021, the Republic of Cyprus and the Kingdom of the Netherlands signed the treaty on the Elimination of Double Taxation. The treaty is based on the OECD Model Tax Convention and its main provisions are briefly outlined below: Dividends A 0% withholding tax (WHT) rate applies where the recipient/beneficial owner is: A company that holds directly at least 5% of the capital…
Important Announcement On the 8th of July, the Cyprus Registrar of Companies announced that due to the effects of the global pandemic, the deadline for payment of the annual company levy has been extended to December 2021. Should the annual company levy be paid after December 2021 the standard penalties will apply. It should be noted that non-payment of the annual company levy may result in the deregistration of a company from the Register of…
It’s no secret, Lebanon has faced economic and political turmoil in recent times. The currency has depreciated to unprecedented levels and the future of the country has never been more uncertain. Without stability and opportunity, people and businesses alike have begun to exit the country in massive numbers, looking for jurisdictions where transition can be achieved without great effort under favourable circumstances. Amongst the various choices, Cyprus seems to be a very favourable destination with…
We are pleased to announce that managing partner Angelos Paphitis and senior associate Andrea Psara co-authored the Legal 500 Cyprus Restructuring & Insolvency Country Comparative Guide 2021. The Legal 500’s Country Comparative Guides are produced in association with the World’s leading lawyers and give the in-house community a practical overview of the laws and regulations in key jurisdictions, for specific practice areas. The aim of this guide is to provide its readers with a pragmatic…
On 25.06.2021 CySEC published the Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing (Register of Crypto Asset Service Providers) (the ‘Directive’) which applies to the following crypto asset service providers: crypto asset service providers providing or carrying out services or activities on a professional basis from the Republic of Cyprus, irrespective of their entry in the register of a Member State for the services or activities they provide;1 crypto asset service…
A testament to the firm’s ability to thrive in a highly competitive market and become one of Cyprus’ most prestigious law firms. A.G. Paphitis & Co. LLC is proud to announce that it is celebrating its 15-year anniversary of law practice in Cyprus. Throughout these 15 years, as a firm we have accumulated vast experience and expertise in various facets of the legal sector and always ensured to maintain our sole goal of representing both our individual…
Artificial Intelligence Regulation by EU Commission- A Balancing act between scientific innovation and fundamental rights. As digital technology becomes more and more integral part of people’s lives and of the economic affairs, it is unavoidable for people and societies to trust digital technology increases. On this note, the EU Commission, on 21st of April, 2021 adopted a proposal for a regulation on an effort to regulate “artificial intelligence systems (AI)”. This effort is descriptive as…
In a bid to decongest the courts of Cyprus and as a supplementary measure to the already existing precautions regarding the global pandemic, the Justice Ministry has allowed sworn statements to be submitted before qualified lawyers, scrapping the need to go to court for validation. A.G. Paphitis & Co. LLC is proud to announce that Mr. Angelos Paphitis (Managing Partner), Ms. Margarita Sofokleous (Head of Corporate) and Ms. Maria Hinni (Senior Associate) have been approved…
Awaiting decision with regards to the denunciation by the Russian government of the Double Tax Treaty with the Kingdom of Netherlands- potential consequences. During 2020, Cyprus, Luxembourg and Malta agreed to the requested changes by Russia to amend the existing double tax treaties. Not being in a position to bargain Russia’s request the changes were concluded. Cyprus under the circumstances expressed satisfaction regarding the negotiations which took place and the final conclusion of the revised…