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Efstathios K. Efstathiou > News
19 June
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Unlocking the Cyprus Citizenship Through the Incorporation of Cyprus International Business Company (IBC)

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Cyprus now offers a pathway to residency and citizenship through strategic corporate structuring. The Cyprus International Business Company (IBC) serves as a gateway for entrepreneurs and investors to access immigration benefits, including residency permits and citizenship. In the course of our preparations, we have considered various factors, including the ideal pathway to the Cyprus Citizenship and therefore we wanted to share some important information with you. A Cyprus IBC is designed to accommodate a wide range of international business activities, and it is particularly beneficial when employing non-EU nationals. This structure allows for greater flexibility in terms of hiring employees from non-EU...

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19 June
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The “one day every two years rule” requirement of the Cyprus’ Permanent residency by investment scheme

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The "one day every two years rule" is a crucial component of the Cyprus Permanent Residency by Investment (PRBI) scheme. Under this requirement, individuals who have obtained permanent residency in Cyprus through the PRBI program must ensure that they spend at least one day in Cyprus every two years in order to maintain their residency status. This rule is an important obligation that residency holders must adhere to in order to retain the benefits of their Cypriot permanent residency. The rationale behind the "one day every two years rule" is to ensure that individuals who have been granted permanent residency in...

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19 June
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Cyprus’ Permanent Residency by Investment: A Comprehensive Overview

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Introduction Cyprus has become a highly sought-after destination for individuals seeking permanent residency in Europe through its Permanent Residency by Investment (PRI) program. The program offers an opportunity for foreign investors, entrepreneurs, and their families to obtain long-term residency in Cyprus by making a qualifying investment in the country. Qualifying investments under the Cyprus PRI program can be made in a variety of areas including real estate, business, or government bonds, with each investment option requiring a different minimum investment amount. Let's take a closer look at how the Cyprus PRI program works, its benefits, and how to apply. Eligibility Requirements for Cyprus' Permanent...

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03 April
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Unlocking Immigration Benefits through Cyprus International Business Company (IBC)

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Introduction Cyprus, a captivating island in the Eastern Mediterranean, offers not only a favorable business environment but also a pathway to residency and potential citizenship through strategic corporate structuring. The Cyprus International Business Company (IBC) serves as a gateway for entrepreneurs and investors to access immigration benefits, including residency permits and, in some cases, citizenship. In this article, we will explore how establishing a Cyprus IBC can provide opportunities for eligible individuals to pursue residency and citizenship in Cyprus. Cyprus IBC: A Business Platform with Immigration Incentives A Cyprus IBC is a preferred vehicle for international business activities due to its attractive tax...

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03 April
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The Removal of Data in the Schengen Information System (SIS)

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The Schengen Information System (SIS) is a vital tool used by countries within the Schengen Area to enhance cooperation and facilitate border management. It serves as a shared database for information exchange, including alerts for wanted persons, missing individuals, stolen objects, and more. However, the removal of data from the SIS is equally important to ensure the accuracy and fairness of its functioning. When it comes to the removal of data in the SIS, there are specific procedures and criteria in place that aim to strike a balance between the legitimate interests of individuals and the efficient functioning of the system....

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03 April
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How to Remove your Data in the Schengen Information System (SIS)

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To remove your data from the Schengen Information System (SIS), you must follow specific procedures and comply with the regulations set by the European Union (EU). The SIS is a database that contains information about individuals and objects wanted by authorities in the EU and Schengen associated countries for various purposes, such as law enforcement and border control. If you wish to have your data removed from the SIS, here are the steps to follow: Understand your rights: Familiarize yourself with the data protection laws and regulations governing the SIS. It is important to know your rights and the procedures for...

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25 September
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5 Things to Know About Obtaining Employment-Based Permanent Residency Permit in Cyprus

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Introduction   Cyprus, with its thriving economy and favorable business climate, offers attractive employment opportunities for individuals seeking to establish long-term careers in the country. If you are interested in obtaining an employment-based permanent residency permit in Cyprus, there are important factors to consider. This article presents five key things you should know about the process. Eligibility Criteria: To be eligible for an employment-based permanent residency permit in Cyprus, certain criteria must be met: a) Valid Work Permit: You must first obtain a valid work permit, demonstrating your employment status in Cyprus. b) Years of Continuous Employment: Typically, individuals must have been employed in Cyprus...

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13 July
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Joint press release for the case of Kenan Ayaz

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Advocate Efstathios C. Efstathiou has joined the defense team of Kenan Ayaz in Germany. As a lawyer from an EU member state, Advocate Efstathios C. Efstathiou can also work in Germany as a so-called serving European lawyer, as long as he works together with Kenan Ayaz's German defense lawyer. Efstathios C. Efstathiou will help the defense team with the experience he has gained from defending Kenan Ayaz in his extradition case and with his particular perspective as a lawyer from Cyprus. In September, he will visit Kenan Ayaz in prison in Hamburg to get more first-hand information about his conditions...

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07 April
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Efstathios C. Efstathiou LLC response to COVID-19

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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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18 March
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New Authority : An indictment is dismissed

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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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