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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It is no secret that the pandemic has proved to be a nightmare for most people for many different reasons. This includes both landlord and tenant of private property who are desperately looking for answers to their questions related to their rights and responsibilities during these unprecedented times. Our responsibility at AGP Law Firm is to inform current and prospective clients of their general obligations as well as their rights according to the latest temporary…
A comprehensive guide to Mergers & Acquisitions in Cyprus brought to you by lawyers and consultants of ‘A.G. Paphitis & Co LLC’, Cyprus. The webinar was hosted by AGP & Co in cooperation with Mondaq. It gives an exclusive insight into the Legal and Tax benefits as well as implications concerning M&A on the island of Cyprus. It was focused on Local and Cross Border M&A Transactions with Cyprus in the spotlight, from a Legal…
Cyprus has been long considered as an ideal location for permanent residency by non- EU nationals. The Permanent Residence by Investment Program offers individuals an effortless route into obtaining permanent residency on the island for themselves and their family members. In an attempt to increase foreign investment the Government of Cyprus has amended the Residency Program in order to offer further access for non- EU nationals interested to permanently reside in Cyprus. The new amendments…
Employing a holding company in Cyprus as a family investment company Characteristics of Family Investment Companies (“FICs”) An FIC is a private company that invests rather than trades. In particular, an FIC holds the family’s long-term investments (eg, share portfolios or property) and the shareholders and directors are typically members of the family. For example, parents, being the original asset owners, often set up an FIC with at least two classes of share; the parents typically…
What is a good strategy for a successful M&A transaction, from a business point of view? In corporate finance the phenomenon of mergers and acquisitions is one that usually involves significant restructuring and complicated corporate transactions, that may either lead to the accelerated growth of a certain organisation or to its complete demise. Thanks to profitability and size expansion being the objective of most organisations, this phenomenon is decisive for industries across the globe. Such…
A.G. Paphitis & Co. LLC is proud to announce yet another Litigation success in the field of Employment Law. On 02/03/2021, Mr. Evripidis Michaelides, Associate lawyer, supported by Mrs Eve Karaviotou, Partner | Head of Litigation, following hearing have managed to secure a decision in favour of our client, Mr. E.A., awarding compensation and damages for wrongful dismissal. Background of Matter Our Law Firm was engaged to represent an employee against his ex-employer, Messrs. [XX]…
Implementation of the UBO Register (Interim Solution): Guidelines by the Registrar of Companies Further to our announcement dated on 4th of February 2021, the House of Representatives voted for The Prevention and Suppression of Money Laundering and Terrorist Financing (Amending) Law of 2021. One of the fundamental amendments of the above-mentioned Law is the implementation of the Register of UBO (currently as an interim solution) in order to increase transparency. The Department of the…
The transition to eco-friendly sustainable growth: How far has Cyprus come and the steps it needs to take moving forward. Sustainable growth and eco-friendly growth (green growth) have been throughout history considered to be completely different concepts where one did not necessarily drive the other. In recent years, and after understanding the drastic effects of climate change and global warming on the long term growth of economies worldwide, more and more governments have started employing…
We are proud to announce that one more success has been added to the long track record of successful cases from our Litigation Team. Our seasoned team of Cyprus Lawyers defending our Client in an alleged breach of Intellectual Property Rights, passing – off and fraud was successful in dismissing an ex-parte (without notice) application which was submitted to the District Court of Nicosia. On the 22 February 2021, the Nicosia District Court in Cyprus…
Cyprus and the United Kingdom have a history of long lasting mutually beneficial relations. UK nationals regularly choose Cyprus as a business and holiday destination as well as a place of retirement. The UK is the most popular choice for Cypriot nationals and residents to pursue their studies and many choose to stay and follow a career path. It is important to understand the main systems and procedures used in each country when it comes…