December 2023
November 2023
Financial Services – Cyprus Investment Firms – Cyprus Forex (FX) & Binary License
Our Law Firm provides with advisory support towards authorisation and registration of a Cyprus Investment Firm and prepare the application in accordance with the current regulatory requirements. Moreover, we can locate qualified executive and non-executive directors and personnel and provide legal, accounting and auditing support for your investment firm. The services we provide are the following: Assist clients to obtain a CySEC license in order to provide the investment services they want; Administer and assist clients with the CIF application process; ...
Cyprus Permanent Residency By Investment (Cyprus Golden Visa)
By virtue of Regulation 6(2) of the Aliens and Immigration Regulations, the Cypriot government has simplified the procedure for issuing Permanent Residency Permit to non-EU citizens seeking to invest in Cyprus (4th Revision, May 2023). Cyprus Permanent Residency, also known as Cyprus Golden Visa, doesn't expire, eliminating the need for renewal and entitles non-EU citizens and their families to reside in Cyprus as permanent residents. This process may be completed within 2 months and will grant investors EU residency in a safe and secure jurisdiction which vaunts...
Landmark Case in Cyprus: Christos Paraskevas LLC law firm successfully obtained an order for the Disclosure of the IP Addresses and a worldwide freezing injunction against non-Cypriots individuals and companies, in a complex cross border fraud case
Our Law Firm and our managing partner Christos Paraskevas represented a Hong Kong company in legal proceedings in Cyprus, which claimed that allegedly had fallen a victim of fraud. The alleged fraudsters used a complex corporate structure involving foreigner shell companies and bank accounts in Cyprus and abroad to conceal the true identities of the individual beneficial owners and to alienate the funds of our clients in unknown directions. In that case, a worldwide mareva injunction freezing the property and the...
Christos Paraskevas LLC law firm successfully obtained a disclosure order (Norwich Pharmacal order) by Cyprus Courts in aid of foreign proceedings in a complex cross border legal case
Recently our firm Christos Paraskevas LLC and our managing partner Christos Paraskevas, represented a reputable Canadian group of Companies in a complex cross border legal case before the Cyprus Courts, which involved important legal issues of Cyprus Commercial law, particularly pertaining to the issuance of a disclosure order, known as a Norwich Pharmacal order, in support of foreign proceedings. In that case, a disclosure order (Norwich Pharmacal) was requested by our firm and issued by the Cyprus court, ordering opposing parties...April 2019
International Cyprus Trusts – Formation and Advantages
A Cyprus International Trust can be defined as a settlement whereby the settlor transfers the property to the trustee in accordance with the trust instrument or the trust settlement. Even though the trustee has legal ownership of the trust property, it does not belong to him. Beneficial ownership of it belongs to the beneficiaries. The Cyprus International Trust Law has undergone major reform and in the 23rd of March 2013 the long awaited reform of the Cyprus International Trusts (Amending) Law...Alternative Investment Funds in Cyprus
A Cyprus investment fund is a vehicle that allows investors around the world to raise capital through various financial instruments. The passing of the Alternative Investment Funds Law in July 2018, ensures that Cyprus not only remains competitive in the international scene as a funds jurisdiction, but that it also serves in providing even more flexibility to establish Cypriot funds and fund management entities. Cyprus aims to develop a world class fund sector and mark its position as a growing domicile for...