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Efstathios K. Efstathiou > Articles posted by admin

E-Residency and Taxation

The term e-residency describes the service offered by the state to citizens of other countries inside or outside the European Union, which enables them to operate in Estonia and reap the benefits of access to the European market. In other words, it is a web portal to the European market for all the citizens of the world. This is achieved through the special edition of the Estonian identity card for e-residency. The benefits for Estonia come from taxes paid by companies that want to take advantage of access to the European market. The e-residence ID, - does NOT offer free entry into the...

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The Tax System in Cyprus Corporate Tax

Cyprus offers a range of tax benefits to companies that carry out business in Cyprus. These advantages derive from the favourable tax regime in Cyprus, which is in line with the Organization for Economic Co-operation and Development (OECD) and the European Union, as well as from the extensive network of double taxation conventions. In short, the main corporate tax provisions are: a uniform corporate tax rate of 12.5% ​​the lowest rate in the EU; no taxation of dividends or interest payments to non-residents of Cyprus; no withholding tax on royalties in respect of the use of rights outside Cyprus; Favourable treatment of losses; no taxation...

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Efstathios C. Efstathiou LLC response to COVID-19

Due to the restrictive measures of reducing the risk of the infection of the pandemic of COVID-19, our law firm has partially suspended its operations and operates with reduced during April 2020, as follows:   Tuesday 7/4              8:00 – 14:00 Thursday 9/4            8:00 – 14:00 Monday 13/4            8:00 – 14:00 Tuesday 14/4            8:00 – 14:00 Thursday 23/4          8:00 – 14:00 Friday 24/4                8:00 – 14:00 Tuesday 28/4            8:00 – 14:00 Thursday 30/4 ...

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Road Traffic – Driving Under the Influence of Drugs in Cyprus

Drug Offences

After January 15th 2018, the provisions of the Road Safety Act (Law 174/1986), concerning driving under the influence of drugs came into force. The penalties for the offence of driving or attempting to drive under the influence of drugs as well as for the offence of refusing or preventing a driver from giving a sample of saliva for either a preliminary or a laboratory examination are the following drug offences:   Penalty of imprisonment for a period not exceeding three (3) years or A fine not exceeding three thousand five hundred euros (€ 3,500) or A ban from driving for a...

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A brief review of the legal culture of the European Union would reasonably conclude that, of all its institutions’ legislative initiatives each year, none is more blurry and controversial than the European Arrest Warrant. The European Arrest Warrant (EAW) was created by Council of Europe Decision 2002/584/ JHA on 13 June 2002 as a means of facilitating the co-operation of courts in criminal matters. As it is clear from the Preamble to the Framework Decision, the EAW is the first case of applying the principle of mutual recognition of judicial decisions by Member States in criminal matters. In practice, the EAW...

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New Authority : An indictment is dismissed

An indictment is dismissed when the particulars are so vague and incomprehensible to the extent that the accused cannot be informed of the nature and reason of the charges. The Court of Appeal sets aside the decision of the Court of First Instance, rejecting a motion for the quashed of a vague Indictment. In 2016, the Nicosia District Court ruled in the context of a private criminal prosecution against our client, that the multiplication of an indictment is not a fundamental rule of irregularity. Efstathios C. Efstathiou Defence considered that the crimes ascribed to our client were vague and contained no details...

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Constantinos Efstathiou Succeeds in Human Trafficking Case

Constantinos (Kostis) Efstathiou defended the defendant in a very perplex case over a period of 2 1/2 years involving human trafficking, sham marriages, proceeds of crime and conspiracy to defraud the migration department for which our client on 5/2/2020 was fully acquitted of all charges. Kostis is a specialist in human trafficking offences and has developed a particular expertise in conspiracy to defraud. Please contact the clerks for more details....

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Greek Golden Visa Programme

The Greece Golden Visa Program grants Permanent Residence permits to foreign investors through the purchasing of a property in Greece worth at least 250,000 euros. After the drastic changes in the part of the Greek golden visa legislation the golden visa will now be acquired with other forms of investment beyond the real estate market, namely: A capital contribution of at least EUR 400,000 to a company which has its head office or establishment in Greece. A capital injection of at least EUR 400,000 into a Real Estate Investment Company with a view to investing exclusively in Greece for the acquisition of shares...

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Acts on highly complex matters, including those involving terrorism crimes and European Arrest Warrant

Two European Arrest Warrants were issued against our client for the alleged offences of terrorism and/or supporting a terrorist organization in Germany. Efstathios C. Efstathiou had argued successfully that the initial European Arrest warrant by German authorities was invalid because it was issued at the state level. After a preliminary order to the Court of Justice of the European Union (CJEU) , the Court of Justice considered Public prosecutor’s offices in Germany as not sufficiently independent to issue European arrest warrants (Joined Cases C-508/18 and C-82/19 PPU, OG and PI), The initial European Arrest Warrant was revoked by the Prosecution and the...

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