STELIOS AMERICANOS & CO LLC ADVISES ALF MIZZI IN THE GROUP’S €75 MILLION PARTICIPATION TO JOINTL
Stelios Americanos & Co LLC advises alf mizzi IN the group’s €75 million participation to jointly develop with lanitis group the LIMASSOL GREENS GOLF RESORT Stelios Americanos & Co LLC advised the Malteze Group of Alf Mizzi & Sons in their latest expansion in Cyprus.
STELIOS AMERICANOS & CO LLC ADVISES THE €100 MILLION AQUISITION OF NICOSIA MALL
Stelios Americanos & Co LLC advised the Consortium of buyers of the Nicosia Mall in a high profile transaction that closed in December 2019 and it was the most significant acquisition of the year 2019.
Kazakhstan And Cyprus, Business Ties Enhance Economic Relations
The scope for enhancing economic relations and business ties between Kazakhstan and Cyprus is immense, Cyprus’ Minister of Finance said in his opening address at the Conference "CIS – Kazakhstan – Cyprus – Business Cooperation Heralding the New Era", held Thursday in Limassol.
Intax Forum Ukraine 2018
Stelios Americanos & Co LLC, participated at Intax Forum Ukraine 2018 which took place in Kiev, between 21 and 22 May 2018.
Tax Update
Cyprus Tax Department has announced that, as of June 1st 2018, the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website www.jccsmart.com.cy). JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You Earn (PAYE) …
Enforcement of a Pledge over the Shares of a Cyprus Company (“Cyprus Pledge”)
A. Pledge A pledge is by definition a possessory security interest and thus involves the delivery of possession, actual or constructive. A security interest is valid and enforceable once it has been attached to the asset and is perfected. A security interest that has been attached and perfected is enforceable as between the pledgor and …
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Medical Cannabis Legalisation
THE MAIN PROVISIONS OF THE LEGISLATION WHICH IS UNDER DISCUSSION BEFORE THE HOUSE OF THE REPRESENTATIVES FOR THE LEGALISATION OF THE IMPORTATION AND/OR PRODUCTION AND/OR CULTIVATION OF PHARMACEUTICAL CANNABIS
FBME Bank Ltd: Compensation to Depositors, Deadline until 11th April 2018.
The Central Bank of Cyprus has on 9/4/2016, activated the procedure for the payment of compensation amount from the Deposit Guarantee Fund for Banks for deposits held in FBME Bank Ltd – Cyprus branch.
Stamp Duty
1. Scope of the Stamp duty Law. 1.1.Stamp duty is governed by Stamp Duty Law (19/1963) (hereinafter the “Law”). The Law (article 4 (1)) provides that the documents that are specifically named in its first schedule (and only such documents) are subject to stamp duty provided these documents relate to: (i) assets situated within the …
Cyprus’ strong economic recovery-2018 Outlook
Cyprus’ strong economic recovery will continue in 2018 with the GDP expected to be 3.2% (2017: 3.8%) which is well above the European Union average. Inflation forecast shows an increase in 2018 to 1.2% (2017: 0.7%) well within the healthy limits, with unemployment expected to be near the 10% mark in comparison with 13% of …
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