The Law Firm of G. Vrikis & Associates LLC would like to bring to your attention the resent decision and publication by the Cyprus Securities and Exchange Commission (“CySEC”). CySEC’s dedicated Supervisory Action Plan concerning the FX trading and Binary Option industry intensified supervisory and enforcement efforts between 2015 and 2018, which raised concerns relating...Read More

The Law Firm of G. Vrikis & Associates LLC has been representing numerous clients in their application for Permanent Residence Permits in Cyprus. The below is a brief outline of the key provisions and documentation required for such an application to proceed further. The Permanent Residence Permit – Regulation 6(2), is targeted to individuals who...Read More

Following the decisions of the Council of Ministers dated 13th September 2016 and 21st May 2018 as amended on 13th February 2019 and 6th May 2019, the Cyprus Investment Programme (the “Programme”), which is available to non-Cypriot investors who want to invest in Cyprus wishing to acquire Cypriot citizenship, has been revised. At present, the...Read More

The law firm of G. Vrikis & Associates LLC is very proud to have been involved with the highly talented, gifted and tenacious team of Pixel Giants in the production of their new Dragon Recipes project. The short video below is a testament to the high caliber of professionals involved and that the Cyprus animation...Read More

The purpose of this email is to inform you about the requirements of the Cyprus Tax Legislation (Assessment and Collection Law as amended in 2002, article 24) regarding the filing of temporary tax returns and relevant temporary tax payments for the year 2019. Please note that a Temporary Tax Assessment of the estimated net taxable...Read More

As of 03/08/2018, G. Vrikis & Associates LLC was entered into the Registry of Service Providers for the Cyprus Investment Programme. The Council of Ministers established the Committee for Supervision and Control and well as the ‘’Registry of Service Providers for the Cyprus Investment Programme’, whereby only Service Providers that are included in the ‘Registry’...Read More

Cyprus is continuing its ongoing efforts to increase its global network of Double Tax Treaties and in this respect Cyprus and Kazakhstan have, on 15 May 2019, signed a Double Tax Treaty (the “DTT”) aiming to enhance the economic and trade relations between the two states, while bringing new opportunities and better protection for taxpayers...Read More

Article 9(B) of the Income Tax Law 2002 (as amended) provides for a notional interest deduction for tax purposes on new equity capital (ie, paid-up share capital and share premium) injected into companies and permanent establishments of foreign companies on or after 1 January 2015 to finance business assets, calculated by applying a reference rate...Read More

Pursuant to an Announcement issued by the Department of the Registrar of Companies and Official Receiver of the Republic of Cyprus on 08/01/2019, and on the basis of legal advice received by the office of the Attorney General of the Republic, the Registrar of Companies shall cease accepting for registration several categories of charges. Specifically,...Read More

  We would like to inform you that the Cyprus Securities and Exchange Commission (”CySEC”) has published an announcement reiterating the legal and regulatory framework applicable to Registered Alternative Investment Funds (”RAIFs”). This has been done in an effort on behalf of CySEC to rectify various announcements and publications made from various RAIFs which contained...Read More