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Efstathios K. Efstathiou > Articles (Page 3)
24 November
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E-Residency and Taxation

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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 e-residency 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...

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24 November
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The Tax System in Cyprus Corporate Tax

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Cyprus offers a range of tax benefits to companies that carry out business in Cyprus (by becoming a tax resident of 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...

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20 March
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Road Traffic – Driving Under the Influence of Drugs in Cyprus

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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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20 March
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EUROPEAN ARREST WARRANT

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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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09 October
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Greek Golden Visa Programme

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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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29 October
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Intellectual Property Law – Innovation, Technology and Patent Law

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We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

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24 October
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The Recast Insolvency Regulation (Regulation (EU) No. 2015/848)

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Introduction A good point of departure is that Insolvency Law Cyprus constitutes an integral part of a nation’s public Economic order. Although, the various state proceedings differ from nation to nation, the common denominator that the legal order of Insolvency as it appears in the various legal systems, is always consider being a nation specific function. It is for this reason that Insolvency consulations are not easily suitable for internationalization especially when a company, a corporate debtor, is established in several European States, and the opening of insolvency proceedings raise questions as to which court has jurisdiction, what is the applicable...

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23 October
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Desirable scope of the EC Financial Collateral Directive

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We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

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