The Cyprus-based award-winning law firm, A.G. Paphitis & Co. LLC (AGP), is proud to participate in one of the most eagerly anticipated B2B fintech events in the world, iFX EXPO International 2021.

Leading Cyprus-based law firm, A.G. Paphitis & Co. LLC (AGP), is proud to be an official sponsor of the cycling race “REMEDICA Blue Route,” organised by EUROPA UOMO, in association with cycling association, Kmeaters. The event, scheduled to be held on October 9 and 10, 2021, aims to spread awareness about the increasing prevalence of prostate cancer in men and the benefits of an early diagnosis.

A.G. Paphitis & Co. LLC is proud to announce that it is celebrating its 15-year anniversary of law practice in Cyprus. Throughout these 15 years, as a firm we have accumulated vast experience and expertise in various facets of the legal sector and always ensured to maintain our sole goal of representing both our individual and corporate clients to the best of our abilities. 

We interviewed one of our own lawyers in the Litigation department which specializes in family disputes “what are the most frequently asked questions that people make regarding divorces” and here they are:

Cyprus has been a member of the European Union since 2004 and adopted the euro in 2008. The country is known for its well-educated workforce, good business infrastructure and availability of investment opportunities in sectors such as shipping, energy and real estate. All of this, along with the benefits of a great lifestyle, make the country hugely attractive for high-net-worth individuals and top calibre employees to work and settle with their families. Cyprus also offers a number of tax incentives to high-net-worth individuals who want to relocate there.

Financial crime is a fast-growing concern nowadays, for both individuals and companies. Financial and investment firms, as well as their directors and officers, may be found liable for a client’s financial loss due to negligence or fraudulent wrongdoing and regulatory violations.

Our Law Firm noticed that during the past few months there is a growing interest by High Net Worth Individuals (HNWIs) from South Africa for the Cyprus Investment Program, a citizenship scheme that grants the Cypriot passport.

Recently, parents have become more sophisticated in investing their wealth to safeguard for their children’s future. More often, parents are willing and determined to start saving money for their children as soon as their baby is born (sometimes, even before the baby’s “arrival”). Typically, a parent’s primary concern is being able to pay their child’s educational costs and/or ensuring a better start for their children when they grow up and begin to purchase property or even launch their own business.

When property interests are given away during life or at death, taxes are imposed on their transfer, as per Cyprus's tax law. Such taxes are known as estate and gift taxes.