Magnumserve LTD

Limassol, Cyprus
Number of Offices 1
Expert Count 5
Company Size 10 - 100
Description

SOTERIS PITTAS & CO LLC with MAGNUMSERVE Group of Companies has been serving the needs of discerning international clients for many years. It was founded on the principles of providing a new platform for the international financial industry by offering a full spectrum of consulting and administrative services.

Areas of Practice
  • Tax Planning
  • Corporate Law
  • Tax Law
  • Fiduciary and Trustee
  • Audit and Accounting
  • Wealth Management
  • Banking
  • Company Formation
  • Other Consultancy
SOTERIS PITTAS & CO LLC with MAGNUMSERVE Group of Companies has been serving the needs of discerning international clients for many years. It was founded on the principles of providing a new platform for the international financial industry by offering a full spectrum of consulting and administrative services.
Limassol Cyprus
Chrysanthou Mylona 10
3030
PO Box: 70061
Limassol
Cyprus
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Marios Pittas from Magnumserve LTD shared a news item
The Cabinet approved on Friday (7.10.2016) a draft bill, concerning the establishment of the National Health System, as well as a second draft bill that provides for the autonomy of hospitals, Health Minister George Pamborides announced on Friday.
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Marios Pittas from Magnumserve LTD shared a news item
The Cyprus Privatisation Unit has announced a tender for the appointment of a reputable independent advisor to prepare a strategic plan for the privatisation of the Cyprus Stock Exchange (CSE) by the end of March 2018.
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Marios Pittas from Magnumserve LTD shared a publication
A tied agent means a person established in a Member State, who, acting under the full and unconditional responsibility of only one Investment Firm of a Member State and, on whose behalf it acts, (i) promotes investment or/and ancillary services...
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Marios Pittas from Magnumserve LTD shared a news item
13:32 11 October 2016

The Cabinet approved on Friday (7.10.2016) a draft bill, concerning the establishment of the National Health System, as well as a second draft bill that provides for the autonomy of hospitals, Health Minister George Pamborides announced on Friday.

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Marios Pittas from Magnumserve LTD shared a news item
12:21 04 October 2016

The Cyprus Privatisation Unit has announced a tender for the appointment of a reputable independent advisor to prepare a strategic plan for the privatisation of the Cyprus Stock Exchange (CSE) by the end of March 2018.

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Marios Pittas from Magnumserve LTD shared a publication
13:01 20 September 2016

On June 29th, 2016, the negotiation on the Double Taxation Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income between Cyprus and India has been successfully completed, in New Delhi. The completion of the negotiation and the agreement reached on all pending issues will pave the way for the removal of Cyprus from the list of notified jurisdictional areas place in November 2013.

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Marios Pittas from Magnumserve LTD shared a publication
09:20 11 December 2015

A tied agent means a person established in a Member State, who, acting under the full and unconditional responsibility of only one Investment Firm of a Member State and, on whose behalf it acts, (i) promotes investment or/and ancillary services; (ii) attracts clients or prospective clients (iii) receives and transmits client orders in respect of investment services or financial instruments; (iv) places financial instruments and/or (v) provides advice to clients or prospective clients in respect of those financial instruments or services.

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Marios Pittas from Magnumserve LTD shared a publication
14:19 05 October 2015

The Companies Law, Cap.113 as amended by the 89(I)/2015, 63(I)/2015 and 62(I) 2015introducedthe examinership procedure, a process attempting to rescue companies facing insolvency from its creditors by providing a period of time where the company is placed under the court’s protection while its business is assessed bythe Examiner.

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Marios Pittas from Magnumserve LTD shared a publication
14:18 05 October 2015

It is proposed that as of 1st January 2015, exchange differences, whether losses or gains, which do not relate to trading in forex, are not tax deductible or taxable respectively. Companies specifically trading in FX Currencies, FX currency options and certain derivatives are exempted, yet, there is an option to make an irrevocable election.

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Marios Pittas from Magnumserve LTD shared a publication
14:16 10 September 2015

The growing importance of cross border successions within the European Union and the difficulties and complications resulting from the diversity of succession and private international law rules relating to succession, prompted the European Commission to examine the possibility of introducing a Regulation that would facilitate and streamline cross border successions.

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Marios Pittas from Magnumserve LTD shared a publication
10:03 09 September 2015

According to Cyprus Securities and Exchange Commission’s (“CySEC”) announcement dated 9th of July 2015, the process starting from the date of granting the authorization of a new firm until the date of its activation, is as follows:

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Marios Pittas from Magnumserve LTD shared a publication
10:00 09 September 2015

The Cyprus Investment Firms Law 144(I)/2007 provides the legal framework for the provision of investment and ancillary services as well as specific provisions regarding capital requirements, the establishment of branches, authorization and supervision of Cyprus Investment Firms (CIFs).

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Marios Pittas from Magnumserve LTD shared a publication
09:58 09 September 2015

The legislative body of the Republic of Cyprus introduced the Law 131 (I)/2015 referred to as the Law on the Establishment and Operation of an Administrative Court. This new law provides for the establishment of an Administrative Court with exclusive jurisdiction to adjudicate administrative recourses under Article 146 of the Constitution.

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Marios Pittas from Magnumserve LTD shared a publication
09:55 09 September 2015

A bill under the name “Lawregulating the activities of portfolio investor companies of 2015”, has been drafted by the Central Bank of Cyprus and is set for approval by the Parliament by the end of September 2015. Cyprus will need to implement this law before a €500 million bailout tranche is released.

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Marios Pittas from Magnumserve LTD shared a publication
11:57 23 July 2015

On the 9th July 2015, Cyprus Parliament passed number of new laws, which purport to make Cyprus a more attractive investment destination. The Laws are still not in force and are due to be published this current month.

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Marios Pittas from Magnumserve LTD shared a publication
10:14 19 May 2015

On 29 September 2014 the Law has been amended and the Article 18ΦΖ(7) of the Aliens and Immigration Law (Cap.105) as well as article 4 of the Aliens and Immigration (Amending) (No.2) Law [Ν129(Ι)/2014, O.G. Annex.Ι(Ι) No. 4456] are set into force, for the following categories of third country nationals:

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Mr. Soteris Pittas 25 Years Law Practice Celebrations - 25 Years of progress