Abundant sun, great global location, business-friendly regime, and some of the lowest taxes in the world – what’s not to like about the idea of moving for the rest of one’s days to Cyprus? The island nation has long been a haven for off-shore companies and with them, it has opened its doors to a diverse population of people looking for a better life. A list of all the uniquely better things that Cyprus has to offer to both, corporations ... Read Full Entry
Cyprus, as one might already be aware, is one of the first countries people think of when they want to start new businesses without having to worry about paying exorbitant taxes. Not many countries offer a legitimate and globally respected economy with such low tax rates and numerous other direct and indirect benefits.
Unlike many other tax-haven countries Cyprus can be better defined as a low-tax jurisdiction and not a tax haven. It is well respected internationally, as a member of ... Read Full Entry
Cyprus has long been one of the first options for people looking to incorporate off-shore corporations. The country provides a one-of-a-kind combination of a modernized free-market economy with a well-disposed tax regime, geopolitical advantages, and high human development index. Furthermore, being a member of the European Union and having a reputation for transparency and stability has its obvious advantages in global trade.
There are multiple options when it comes to the type of entity one wants to incorporate, like a public ... Read Full Entry
Cyprus – The Wisest Choice for Company Incorporation
The past few decades have seen the rapid rise of Cyprus as an internationally sought-after trade and business destination. An enormously beneficial tax system along with international repute for reliability and transparency, something that is often missing from most tax-haven jurisdictions, means that Cyprus has the best of both worlds.
There are the obvious advantages of being a European Union member along with the additional legitimacy provided by being in the OECD (Organization for ... Read Full Entry
The Cabinet of Cyprus has made the decision to appoint a joint working group to develop blockchain technology in Cyprus. The aim of the group is to enable the public sector to move forward with international developments of blockchain technology.
Blockchain technology is the software behind decentralised systems that allow for safe and transparent transactions in digital form.
Government spokesman Prodromos Prodromou stated “this was an important decision for the country’s future development and adjustment in the digital era” – He also ... Read Full Entry
Simon Zenios & Co LLC have been recognised as taking a lead role in blockchain technology and ICO’s in Cyprus – With details of this effort featuring in three articles on exclusive blockchain websites:
Images of the articles can be seen below.
The Firm, Blockchain and ICO’s
At Simon Zenios & Co LLC, our lawyers have been closely following the developments in the ICO area and have acquired specialized legal knowledge in order to be in a position to advise and assist clients ... Read Full Entry
It is no longer news that initial coin offerings (ICOs) are the latest trend to hit the cryptocurrency market. Interest in ICOs started in 2013 when Mastercoin gave the cryptocurrency world the first ICO.
Ethereum quickly jumped on the trend and was able to raise over $2.3M within the first 12 hours of its ICO. It currently has over 80% market shares in ICOs while other platforms have a little over 5% market share.
In 2016, 54 major ICOs around the ... Read Full Entry
(From right to left): Mr Jackey Choi, Director, Locus Chain; Sang Yoon, Lee, Managing Director & CEO; Professor Sally Eaves, Advisor, Locus Chain; Simon Zenios, Legal consultant, Locus Chain. (Supplied Photo)
On Sunday 29th April 2018, an organization based in Singapore called Locus Chain Foundation announced the launch of the fourth generation of blockchain technology. This fourth generation blockchain platform will make it possible to execute secure, end-to-end transactions using blockchain technology in under two seconds (the shortest time ever) irrespective ... Read Full Entry
The upcoming G20 summit discussing cryptocurrencies will be held on the 19th and 20th March 2018 in Buenos Aires.
The potential impact of cryptocurrencies and the coordination of international efforts to eliminate data gaps in the emerging cryptocurrency market are the main themes for discussion at the G20 Financial Stability Board.
A week-long drop across the board in crypto values is the result of the significant amount of concern from cryptocurrency investors and traders for the upcoming meetings of G20 in Buenos ... Read Full Entry
Further to our recent announcements in regards to the addition of two greatly influential people to our advisory board, that of Simon Cocking and Alaa Mohra, we are pleased to announce that Simon Zenios, our CLO along with other members of our team, will be joining our advisor and keynote speaker of the event Simon Cocking at the BII SUMMIT in Dubai on the 19th of March, 2018. If you plan to attend, you can contact our team members via LinkedIn prior to the event.
All details ... Read Full Entry