CHAMBERSFIELD ECONOMIDES KRANOS

Corresponding to the official statement issued 19.02.21 with the passage of the "Law on the Prevention and Combating of Money Laundering (Amending) Law of 2021", the Ministry of Energy, Commerce, and Industry proclaims that the electronic service for the Registration of Beneficial Owners (UBOs) information for corporate and other legal entities will be available 16.03.2021 under the Companies Section website, e-filing services.

The disruptive force of the Covid-19 Pandemic has disturbed the balance of all businesses' operations and changed the way people think and act. Today's world strives to adapt to continue functioning, retain economic stability and society's welfare.  

Who will be considered accountable for the losses, in the cases where suppliers are not able to meet customers' order and delivery obligations, due to COVID-19 outburst?

There is a well-known saying that "Home is where the heart is!" Chambersfield Economides Kranos immigration experts can assist in all your immigration matters by providing the right consultation and handling all the processes of your application, in order for you and your family to find the home of your heart.

Blue Flag awarded beaches, charming forests with scenic waterfalls and countless breathtaking natural landscapes rule this blessed island in the Mediterranean Sea.

Online Business. In nowadays’ business world of globalization, internet, plays a vital role, breaking down geographical boundaries, enhancing, thereby, the limitation of cross-border barriers.

In the era of innovation, digitalisation and tough competition, trademarks constitute a key form of intellectual property right for the global business market. In other words, trademarks, form one of the most fundamental cornerstones of your business; giving a unique and identifiable character to the services and/or products you provide.

During the course of our lives, we will definitely need the assistance of a legal consultant on numerous occasions, either for a reason such as buying a home, establishing a new business or protecting a new idea, or for more complicated matters such as accident claims, medical negligence, property disputes, personal disputes and so on. Legal issues are a part of everyday life and it is very important to learn how to deal with them efficiently with the help of smart planning and the assistance of the right legal consultants. Based on my experience, the following are the most common legal issues on which advocates in Cyprus are being asked for advice.

Anarticle by Mr. Michalis Economides, CEO | Advocate & Legal Consultant ofthe International Law Firm Chambersfield Economides Kranos Business nowadaysoperates in an interconnected world, without any boundaries or limitations toprotect brands and companies from the merciless competition.  In our era, due totechnological breakthroughs, competition is thriving and multi-attacking companiesand brands from various channels of communication; therefore entrepreneurs findthemselves in the difficult position of searching and finding the mostfavorable path to follow, for the achievement of economies of scales. Currently, manyentrepreneurs are in the process of searching various ways on how they canmaximize their productivity and enhance their profitability by minimizing theiroperational costs.  One of the main scenarios they examine, due to itsendless possibilities, is the reincorporation or re domiciliation of theirbusiness activities in favorable markets. Even though this practice is verycommon, entrepreneurs should cautiously consider their options, since this pathcan be very costly, multifaceted and time consuming. 

New and updated Regulation on the Naturalization (Citizenship) of Investors in Cyprus byInvestment on the basis of subsection (2) of section 111A of the Civil RegistryLaws of 2002-2015 The Council of Ministers of theRepublic of Cyprus, on the 13th of September 2016 has issued an amendedRegulation in relation to the Scheme for Naturalisation (Citizenship) ofInvestors in Cyprus by Exception. One of the main objectives ofthe economic policy of the Republic of Cyprus is to further encourage ForeignDirect Investment and to attract high net worth individuals to settle and dobusiness in Cyprus. Key factors that make Cyprus anattractive destination for investment, is the highly specialized human capital,the reliable legislative and regulatory framework, the stable tax system andthe safety and stability conditions prevailing in the country. Within this framework and takinginto account the strong investor interest, the Government of Cyprus hasestablished and revised a "Scheme for Naturalization of non-Cypriotinvestors by exception" on the basis of subsection (2) of section 111A ofthe Civil Registry Laws of 2002-2015, with specific incentives, terms andconditions and control procedures in order to prevent abuse.

An Article by Mr Michalis Economides, CEO and Founder ofChambersfield Economides Kranos, Advocates & Legal Consultants Asset management isessential if a company is to maximize the return on investment (ROI) to itsshareholders and stakeholders. Despite its importance, however, many numerouscompanies and entrepreneurs neglect it and fail to provide the necessaryattention to the procedures required for an efficient asset managementstrategy. This can lead to their investments underperforming and they may findthemselves exposed and vulnerable to significant risks, due to financialfluctuations and the constantly changing market environment.   

According to the provisionsof the current legislation and specifically as per the Insolvency ConsultantsLaw of 2015 and the Insolvency consultants Regulations of 2015, a certifiedinsolvency consultant may act on behalf of legal entities (companies) as aliquidator, interim liquidator, receiver, administrator or evaluator. Also, alicensed insolvency consultant may act on behalf of a physical person, as abankruptcy administrator, a temporary receiver of his/her property or a specialadministrator of his/her property or business, or as a consultant concerningrepayment schemes and loans restructuring.

Michalis Economides awarded with the Law Award CYPRUS -GAMECHANGER LAWYER OF THE YEAR

Advisory Excellence network an international body that profilesthe leading experts that are distinguished from their innovation andperformance worldwide, has recognized and honored Chambersfield EconomidesKranos, as a full Service Law Expert firm in Cyprus.