After losing El Al, Knafaim buys 49.9% stake in TUS Airways

Knafaim will inject $5 million into the Cypriot airline while Eastern Airlines Kenneth Woolley will inject $4 million for a 50.1% stake. After losing control of El Al Israel Airlines Ltd. (TASE: ELAL), Knafaim Holdings Ltd. (TASE: KNFM) has bought a 49.9% stake in Cypriot airline TUS Airways. Under the terms of the deal, Knafaim, controlled by Tami Mozes-Borovitz, […]

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An Overview: Blockchain and Cryptocurrencies – Business Trends & Regulatory Developments

Our Partner Dr. Charis Savvides delivered and intense seminar at Global Training (Cyprus), on Tuesday, 07 September 2021, at 09:00am. The seminar presented the current and under development regulatory framework on digital assets, addressing the key legislations and regulations which affect or be affected by the disruptive nature of crypto-transactions. You can view the presentation […]

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Cyprus: what you need to know for investment opportunities

In Cyprus there is a strong business-friendly environment with one of the lowest corporate tax rates in Europe (12.5%,). Cyprus is member in the European Union and the eurozone. Advantages The geographical position of Cyprus is at the crossroads of three continents, offering access to markets in Europe, the Middle East, and the Maghreb. The […]

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Gaining Trust by Registering an Ultimate Beneficial Owner

New directives in Cyprus this year require Cyprus companies and legal entities to register an ultimate beneficial owner as a part of initiatives to improve transparency within the European Union. Compliance with these regulations is crucial for maintaining healthy business practices legally and improving the structure and image of a company on a global platform. […]

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RESIDENCE AND WORK PERMITS FOR NON-EU NATIONALS THOUGH THE FAST TRACK BUSINESS ACTIVATION MECHANISM

Attracting foreign investors to settle and do business in Cyprus has always been at the core of the Cypriot culture and Cypriot economy. The Fast Track Business Activation mechanism ( FTBA) that was approved by the Council of Ministers on 3rd of September 2020 aims to do exactly that:  attract foreign businesses in Cyprus that wish to […]

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IR Global Insights: Working smart, surviving and thriving

August 2021

When Covid-19 first surged across continents, most companies had to mothball projects, downsize and quickly review their costs, supply chains, sales strategy and customer relationships. US-based Danny Cortenraede, managing partner […]

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Len Judes of Stelios Americanos & Co LLC has been knighted by His Excellency, Gitanas Nauseda, President of the Republic of Lithuania

“Our partner, Len Judes has been knighted by His Excellency, Gitanas Nauseda, President of the Republic of Lithuania, the award of: Cross of the Knight of the Order of Merits to Lithuania The award given in recognition of long service to the promotion of business and trade between Israel and Lithuania, founding and charing the […]

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Israel office gives Stelios Americanos & Co a cutting edge

Stelios Americanos & Co LLC is a full-services, highly innovative law firm with headquarters in Nicosia, Cyprus and with long and very active business presence in Athens and Tel-Aviv. It specializes in corporate, commercial and banking law, (focusing mainly on transboundary banking financing, joint ventures, mergers and acquisitions), corporate and commercial litigation, real estate, financial and […]

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Competition Law & the Acceleration of Trade Digitalization

Introduction This note seeks to provide an overview of some of the key recent developments in the area of competition law with regards to the challenges brought about by the Covid-19 pandemic (“the pandemic”) and the disruption induced by digitalization and online marketplaces. Legal basis Competition law aims to ensure that firms operating in a […]

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The Aspen Trust Group Highlighted for Redefining Corporate Services for Israeli Businesses

PRESS RELEASE- On Wednesday, April 14, 2021, The Jerusalem Post put the spotlight on the professional services provided by The Aspen Trust Group for their commitment and understanding of Israeli business during its celebration of Israel’s 73rd Independence Day. As part of the newspaper’s focus on Cyprus as a regional business and investment hub, The Aspen Trust Group was featured as a leading service provider […]

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Asset Tokenization

Trends & Developments in Cyprus To read the full report click here. Asset tokenization constitutes a relatively new process. Yet, it has been receiving increasing levels of attention across several jurisdictions, with positive indications as to its ability to revolutionize the way different assets are held, traded and used. The process of tokenization involves the fragmentation […]

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