News

  • ICOs Can’t Skirt Rules Forever, Must Become Compliant to Attract Big Money

    There are many ICOs that could be open to retrospective investigations by regulators and the authorities because they issued a token that behaves as a security, despite what it’s been written in the Token Purchase Agreement and the exclusion clauses to avoid potential liability. The law firm Simon Zenios & Co LLC provides legal advice to ICO founders, ICO investors and businesses of all sizes. Simon Zenios & Co LLC Tel.:    +357 – 24 023370 Email: [email protected]   Source: https://cointelegraph.com
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  • Case 1063/2016 – Won an Appeal to the Administrative Court of the Supreme Court of Cyprus v. the Ministry of Defense

    The case concerns a Minor Conscientious Objector Applicant due to Religious Beliefs. The applicant was prohibited to be represented by his lawyer during the hearing and examination of his application. The Court found that there was violation of the Article 6(3) of the European Convention on Human Rights, violation of the Article 12(5c) of the Cyprus Constitution and violation of the Article 53(13) in connection of the article 43(3), (4) of the L.158(I)/1999. The Court annulled the decision of the Ministry of Defense ...
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  • Ayia Napa Marina Upgrades and Evolving into an International Magnet

    Potential buyers of luxurious residential properties, discerning investors, boat owners are interesting for Ayia Napa Marina, which is a residential and tourism development hub and is evolving into an international magnet for those who wish to invest in Cyprus. New logo for Ayia Napa Marina Ayia Napa Marina has a new logo from now, that reflects its status and unique architectural design to revamped its corporate image and to upgrade of its international image. The new logo is inspired from the project designed ...
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  • Hermes Airports upgrades Larnaca and Paphos Airports

    Larnaca and Paphos airports The operator of the two airports of Cyprus, Larnaca and Paphos, Hermes Airports and the ministry of transport, communications and works are considering plans to expand their infrastructure. In order to be able to respond to the growing passenger movement due to tourism period, Larnaca and Paphos airports have to expand their infrastructure according to the Transport Minister in a statement on Thursday to the Press and Information Office website. Marios Demetriades, the Transport Minister, says that should it be ...
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  • Department of Lands and Surveys of Cyprus: Property rose in August

    The Department of Lands and Surveys of Cyprus said in in a statement on its website on Monday that properties rose 27 per cent in August compared to previous year same period. On a strong performance of the Limassol property market, property transactions number is up to 572. According to the department in Cyprus’s main port town, the number of properties which changed owners in August is up to 201, that means 56 per cent annual rose. As the Land Department said ...
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  • Why and How to Open a Bank Account in Cyprus

    Foreign investors who want to open a company in Cyprus will have to open a bank account in Cyprus for the company to deposit the minimum share capital. Physical persons who work and live in Cyprus can also open a bank account for personal use. Cyprus joined the E.U in January 2008 and the official currency is the euro. Since then, foreign company owners can benefit from transferring money from other euro accounts to Cyprus without being concerned about the foreign exchange rate. Cyprus has a lot of advantages ...
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  • Why Open a Company in Cyprus

    Why Cyprus? Cyprus is considered to be one of the most attractive jurisdictions in Europe to form a limited liability company due to its advantageous tax system. As a full member of the EU, Cyprus offers you one of the lowest tax regimes in Europe of just 12.5%. Cyprus is ideal for holding assets in Europe because it offers you the same benefits that a traditional offshore jurisdiction should offer. Additional benefits arise from the fact that there is full exemption from ...
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