Publications

  • Employees at International Companies

    Residence Permits for Non-EU Nationals Employed at International CompaniesTo increase the migration of international businesses to Cyprus, the Government has set up initiatives, such as the Policy for the acquisition of residence and work permits for non-EU nationals working in Cyprus companies with foreign interests.Cyprus Companies with Foreign InterestsCyprus companies with foreign interests must be registered in Cyprus.  The majority of the company’s shares must be held by non-EU nationals and they must make up a percentage that is equivalent to ...
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  • Meet up – House of Parliament in Cyprus

    On the 16th of September 2019 there was a meetup organized in the House of Parliament in Cyprus as a preparatory step for a conference that is scheduled for next October. The conference’s subject will revolve around innovations in artificial intelligence and how the updates in the field can be incorporated in our country. The ultimate goal of the conference will be to create a network of cooperation and interaction between the scientific and industrial world and as a result, ...
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  • Cryptocurrency Investments and Regulations in Cyprus

    Simon Zenios & Co LLC provides extensive guidance on different areas of Blockchain technology business, with cryptocurrency and its regulations being one of the main ones on the present day. The specialized personnel will be proven adequate in aiding you to find cost-effective corporate solutions and assuring you are in compliance with all applicable laws and regulations.According to the historical background, the European Union has always embraced cryptocurrencies.  Throughout the years, EU’s policies, recommendations and directives have been accepting towards ...
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  • Regulations on Crypto and Libra’s compliance

    Crypto’s nature is what sets it attractive in being unregulated and free from legal demands and norms. However, day by day and as crypto dives deeper into the current updates on finance and industry, it is imperative that it complies with reasonable rules and regulations.Although currently there are fragments in regulating crypto, there have been suggestions which encourage a global regulatory framework which should be embraced and welcomed.The International Monetary Fund (IMF), published a document on July 2019 which contained important typology on the ...
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  • Stress Simulation Framework for Investment Funds-ESMA

    After its report on licensing FinTech companies, The European Securities and Market Authority-ESMA has now developed a framework to be used for stress simulators for investment funds. The methods introduced by ESMA are included in its Economic Report along with a case study where it is applied to 6.000 UCITS bond funds.The chair of ESMA, Steven Maijoor supported that the stress simulation framework is a key element of the testing strategy ESMA follows, and it includes guidelines on liquidity stress testing as ...
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  • Cyprus Permanent Residency

    Simon Zenios & Co LLC has extensive knowledge on matters related to acquiring Permanent Residency & Citizenship in Cyprus and the related norms and regulations in the domain. Applying for a Permanent Residency Permit in Cyprus can become a complicated procedure; however, our law firm can assist you and make sure you do not miss out in your application, including all details needed.When applying for a permanent residency in Cyprus, individuals are offered two alternatives in which they can ...
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  • IDOs-Do you?

    Simon Zenios & Co LLC, is an International Corporate Law firm providing legal services in various domains related to Blockchain and Cryptocurrency.IDOs (Initial DEX Offerings) are a new entry in the world of crypto exchanges and have come with the aim to improve previous malfunctions and perfect the game of online trading and fundraising. At Simon Zenios & Co LLC we make sure that we follow the updates in the area, to provide you with specialized legal advice and assist you in such steps.Our comprehensive ...
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  • Tax Residency in Cyprus

    Non-Resident Cyprus Tax Law and the 60 Days RuleSince the introduction of favourable provisions in the tax legislation for non-residents, Cyprus has become an attractive destination for high net rate individuals interested in tax optimisation. Primary among these provisions is the 50% discount to the employment income in the case of professionals receiving annual remuneration that exceeds €100.000. The discount is valid for the first 10 years since they become Cyprus tax residents regardless of the possibility of their annual remuneration ...
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  • ICO Explained

    Simon Zenios and Co LLC, an International Corporate Law firm providing ICO legal servicesThere is no doubt that ICO is one of the most innovative and popular ways to raise funds for start-up businesses, but also projects of already well-established corporations. At Simon Zenios and Co LLC we make sure that we follow the updates in the area, so as to provide you with specialized legal advice and assist you in such steps.Our team understands the process of running your ...
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  • Alternative Investment Funds (AIFs)

    The Alternative Investment Fund law enacted in 2018 in order to make Cyprus one of the main destinations for fund establishment in Europe in licensing companies. An AIF has no limitations in relation to investment policies and it is suitable for raising funds from multiple investors with a view to investing them in crypto assets.At Simon Zenios & Co LLC, our team watches closely the developments in investment funds and their connection to cryptocurrencies. We understand the complexity around ...
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