Blog Authors

Latest from AGP & Co Insights

During these difficult times, both SMEs and mutli-national businesses face financial struggles including cash flow shortages and decreased revenue. No one can underestimate the influence that such a crisis may have on the corporate world and economic stability of a country. And because no one is assured of how long the Covid-19 pandemic will threaten the world society, businesses kneel and easily declare liquidation. It is therefore increasingly important to inform entrepreneurs of the outcomes…
The Rules | The Fines | The Grace Period | The Application | The License The island of Cyprus being considered a hot spot for tourists, welcomed 4 million people in 2019 bringing 2.7 billion euros in revenue. Clearly, one of the island’s largest sources of income is tourism. This has created an alternative market for accommodation. The obvious choice being hotels with plenty on offer in Cyprus, there are also many people who prefer…
What is a Double Taxation Treaty? The Double Taxation Treaty is a bilateral agreement entered into by two countries, essentially, deciding the rules on where different types of income should be taxed under different circumstances. Generally, these treaties aim to avoid double taxation on the same income. They can be very significant for encouraging investment from one country to another. Double taxation refers to levying of tax on the same income, asset or financial transaction…
A. G. Paphitis & Co. LLC is proud to announce yet another Dispute Resolution success in the field of Intellectual Property Rights. On the 22/02/2021, Ms. Maria Hinni, Senior Associate Lawyer, supported by Mr. Angelos Paphitis, Managing Partner have successfully managed to secure an opposition of a Trademark in favour of our client Ebro Foods S.A. Background of Matter Our Law Firm was engaged to represent Euryza GmBH in opposing against the Trademark “ORYZATEIN” which…
We are pleased to announce that our firm has been ranked for the 9th consecutive year in all 5 legal practice areas we submit for, and have a record of 7 recommended lawyers and consultants, in the newly released 2021 edition of Legal 500 EMEA. The rankings cover a firm’s performance over the duration of a year which also includes direct contact with the firm’s clients as well as other participants. The areas of expertise…
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…