MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item Swiss Franc Loans: Interim orders by Nicosia District Court 14:04 19 December 2016 Foreign currency loans and mortgages require proper risk assessment and detailed information.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item Cyprus Tax Department: Advance Tax Rulings Fees 09:32 14 June 2016 In October 2015 the Cyprus Tax Department issued the Circular 2015/13 aiming at creating a stable and credible tax system and establishing new procedures for the issuance of advance tax rulings.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item CySEC: Additional Guidelines of the Regulated Entities Regarding the Panama Papers 09:29 14 June 2016 The Circular C132, issued by the Cyprus Securities and Exchange Commission (CySEC), contains additional guidelines concerning the legal and natural persons that are included in the leak documents of the Panamanian law firm Mossack Fonseca (Panama Papers).
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item Prevention and Monitoring of Money Laundering in Cyprus 09:27 14 June 2016 Prevention and monitoring of money laundering, as well as the financing of criminal and terrorist activities, is a significant factor that influences the efficient and effective operation of the global economy.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item Cyprus-Latvia Double Tax Treaty on Income Avoidance 09:26 14 June 2016 The double tax treaty between the Republic of Cyprus and the Republic of Latvia will strengthen the economic and commercial relations between the two countries.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item Cyprus-Bahrain Double Tax Treaty Entered Into Force 08:30 14 June 2016 The Government of the Kingdom of Bahrain and the Government of the Republic of Cyprus concluded an Agreement for the avoidance of double taxation with respect to taxes on income, based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item Cyprus: Reduction of Immovable Property Tax 08:05 14 June 2016 On Wednesday 1st of June 2016, the Council of Ministers of the Republic of Cyprus approved the following: the reduction of the immovable property tax rate by 50%; the abolishment of the immovable property tax collected by municipalities and communities.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a news item Double Taxation Agreement Between Cyprus And Ukraine Just Signed 08:02 14 June 2016 The Cyprus taxation scheme together with the simple bureaucratic procedures motivates business people and investors to launch their business activities in Cyprus.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication BANC DE BINARY SCANDAL: 8 OUT OF 10 CLIENTS LOST THEIR LIFETIME SAVINGS IN 5 MONTHS. 11:20 27 January 2017 Banc de Binary, one of the biggest global providers of online trading in binary options renounced its authorisation. The Israeli-owned and Cyprus registered company is accused of urging ordinary people to make high risk transactions without assuring if they are able to evaluate the potential risks. The headquarters of the company is in Germasoyia, Limassol. In the beginning, the company was operating in the Republic of Cyprus without authorisation.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication Cyprus-Russia Double Tax Treaty: Amendment of Article 13 14:29 18 January 2017 The legal team of Michael Chambers& CO. LLC will monitor all the ongoing developments. Our team of Cyprus lawyers is able to provide you with a professional legal advice on how you can incorporate this Double Tax Agreement in your tax planning strategy.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication Duties of Directors Under Cyprus Companies Law 14:24 18 January 2017 Since directors have powers to take important decisions several duties are imposed on them so that to guarantee that the companies’ interests are well-protected.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication SWISS FRANC LOANS IN CYPRUS: INTERIM ORDERS BY NICOSIA DISTRICT COURT 14:01 19 December 2016 Foreign currency loans and mortgages require proper risk assessment and detailed information. Given the complexity of this topic, banks should take into consideration the ability of their customer to assess all the embedded risks. In addition, banks should inform their customers about all the emerging risks and assist them to make wise investment decisions. In case you took a foreign currency loan without having the necessary information and support then you should seek a professional legal advice.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication GAMING LAW IN CYPRUS: ONLINE BETTING REGULATIONS 07:54 10 October 2016 Online betting regulations, together with other measures concerning the betting industry, will create significant prospects for the Cyprus economy, according to the speech of the Cyprus Minister of Finance, Harris Georgiades at the National Betting Authority.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication CYPRUS CITIZENSHIP BY INVESTMENT: REVISED CRITERIA 14:56 28 September 2016 The Cyprus government launched the Cyprus Citizenship by Investment Programme in order to give incentives to foreign investors and business people to implement their business and investment plans in Cyprus. Precisely, the particular programme grants EU passports to investors and entrepreneurs in three months given that they launch their business activities in Cyprus.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication CONTEST A WILL IN CYPRUS 06:50 26 September 2016 Challenging a will is a demanding and complex legal procedure. As a result, the assistance of a professional probate lawyer is important. A professional probate lawyer will review thoroughly all the facts provided by you and he/she will offer you the best possible solution.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication Title Deeds: Amendment of Transfers and Mortgaging Property Law 08:19 21 July 2016 The legal team of Michael Chambers& Co. LLC is able to assist ‘trapped’ buyers to obtain Title Deeds.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication Citizenship by Investment in Cyprus 08:15 21 July 2016 The Council of Ministers updated the conditions for naturalisation of investors in Cyprus by exception, based on subsection (2) of section 111A of the Civil Registry Laws of 2002-2013.
MICHAEL CHAMBERS from MICHAEL CHAMBERS& CO. LLC shared a publication AMENDMENT OF CYPRUS-INDIA DOUBLE TAX TREATY 08:05 21 July 2016 The Ministry of Finance of the Republic of Cyprus announced that on the 29th of June 2016 the negotiations on the Double Taxation Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion was completed in New Delhi.