New payment methods and Anti – Money Laundering Measures

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New payment methods (NPMs) such as prepaid cards, Internet-Based Payment Services and mobile payment systems, have made financial transactions faster and simpler (Ana L. Pereira and Ana Maria H. de Alba, “Understanding the new payment methods, their risks, and opportunities”,Assessed 24/1/2020). However their introduction and widespread use has also resulted in a range of problems, foremost among which is the ease of money laundering. Direct and indirect anonymity, the fact that these products have made it easier to exchange financial instruments for money, and the spread of ATMs, which facilitate cash withdrawals across the globe, have made NPMs attractive and useful...

22 March 2020

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REDOMICILIATION

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Redomiciliation refers to the transfer of the registered office of a company namely the company’s “seat of incorporation” in another jurisdiction provided that the law in both countries allow it. Foreign companies that want to take advantage of the Cyprus tax regime, may choose to transfer their domicile to Cyprus by avoiding to wind-up the company and to incorporate a new legal entity, simply by following the procedure of redomiciliation. Consequently, the company will continue to exist under a new jurisdiction and will be deleted from the Registry of its original country of incorporation. Why redomicile your foreign company to...

03 August 2016

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Cyprus Shipping

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in News & Insights

An ideal destination offering a plethora of opportunities The history of the Sea and Shipping in Cyprus traces back hundreds of years. Its geographical position at the crossroads of Europe, Asia and Africa as well as its proximity to the Suez canal has historically favored merchant shipping as an important industry for the Aphrodite’s island. Today, Cyprus as Europe’s Eastern Border constitutes a bridge of communication and cooperation between Europe and the countries of the Middle East. The country’s accession to the European Union, in 2004, further boosted the reputation and overall image of the Cyprus flag. The country’s unique geographical location at...

21 November 2012

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Antonis Papantoniou Interview

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in News & Insights

We aim to lead in each practice and area of law we work in. Coming from in-depth understanding of the law and the industry, capitalizing on extensive experience, we provide hands-on advice that speaks the language of our client’s business. Whether in aviation, sales and distribution, antitrust, corporate and M&A, finance, employment, energy, IP, litigation, TMT, real estate, or any other area of law, our clients can expect excellence and commitment to their objectives. Ensuring the operational functioning of the organisation, the development of external relations, management of press relations and constant communication with the press....

21 November 2012

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InBusiness Article

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27 June 2012

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Πρώτη Προσφυγή κατά της Κυπριακής Δημοκρατίας στο ΕΔΑΔ για επενδυτικό λογαριασμό

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Author: paplaw