27 March

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Register your Payment Service Company with Michalaki, Pitsillidou & Co Law Firm

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According to the Payment Services Law, 2009-2010 payment services in the Republic of Cyprus may only be provided by a payment service company which has been authorized by the Central Bank of Cyprus. Authorization is granted only to legal entities which have their offices in the Republic of Cyprus. Registration of payment service companies The Central Bank of Cyprus, acting in accordance with the provisions of the article 8 of the Law, maintains a public register which includes: the names of the payment service companies to which it has authorized to offer payment services, the addresses of their branches as well as the names...

26 March

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Register Company in South Africa with Michalaki, Pitsillidou Law Firm

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Why to register your in company in South Africa? South Africa has signed tax treaties with more than 60 countries South Africa is considered a natural company getway to other African countries Low barriers to direct foreign investments South Africa has low cost of business Plenty of natural resources Plenty of availability of professional workforce Excelent professional, telecommunications and physical infrastructure Link between Africa and BRICS countries. For more information and guidance get in touch with our lawyers or email iMPK Global Business Law Firm – Cyprus Lawyers, at info@impklawyers.com .Tel. +357 99345000 - Fax +357 25 660097...

25 March

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Register Company in Bulgaria with Michalaki, Pitsillidou Law Firm

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Why to register your company in Bulgaria? Bulgaria is a member of the European Union, NATO and WTO Macroeconomic and financial stability Bulgaria has the most favourable tax regime in Europe: - Corporate tax - 10 % of the net profit per year; - Dividend tax 5% - only in case of real payment of dividends; - VAT - 20%. The EU internal deliveries and the export are free of VAT; - 10% personal income tax. The Dividends are free of tax after they are shared between the shareholders and after the 5% dividend tax is paid Strategic geographical location which provides direct access...

24 March

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Inheritance Law in Cyprus

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A person that has property or Assets in Cyprus is recommended to make a will in order to indicate where his possessions would be transferred in case he/she passes away. It is recommended if you own property or assets in Cyprus to request consultation from an expert in multi jurisdictional inheritance cases if you have to make a will due to the complexity of law. This article describes the basic rules of inheritance law in Cyprus and what will happen to properties and assets of a person if he has not a will. We will explain below how can this be avoided...

23 March

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Features of the Cypriot regime IP-BOX

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Features of the Cypriot regime IP-BOX Currently in Cyprus there is preferential tax treatment of income derived from the use of intellectual property (IP) (IP Box). In accordance with this regime 80% of the net profit from IP usage shall be exempt from taxation. Thus, the effective rate of tax in Cyprus in the mode IP-Box is 2.5 % and applies to income from all intangible assets, objects of intellectual property without restriction. Not less positive aspect is also the lack of requirements for the development of the taxpayer intellectual property. The main tax advantages of Cyprus include the following: exemption from...

22 March

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Obtaining a Belize FOREX license

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Times have changed. Many jurisdictions have stopped licensing in this profitable arena. Get and keep continuous legal advice from a knowledge licensed attorney and tax advice from a licensed accountant. Our iMPK Global Business Law Firm, can help you obtain your own trading license. Naturally we recommend that you operate legally, ethically and responsibly. The key is to be sure that you have a legitimate license. By securing your FX trading license through Offshore Company, you can feel confident that you are working with a professional and experienced Law Firm and that the documentation is authentic and has been legally...

21 March

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Tied Agent Rules in EU. A brief analysis

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To start with, if we take a look at the legal framework of tied agent companies will be subject to the provisions of the Investment Services Law (IS) as well as the relevant Codes of Conduct for Investment Firm’s and the Persons Employed by them. A tied agent means, for the purposes of the IF law, “a person established in a Member State, who is acting under the full and unconditional responsibility of only one IF of a Member State, on whose behalf it acts, (i) promotes investment or/and ancillary services; (ii) attracts clients or prospective clients (iii) receives and transmits...

20 March

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Always Deal With A Reputable Forex Company

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Always Deal With A Reputable Forex Company It is well noted that there is a number of forex brokers online that do not meet a lot of times the Cysec criteria and they are subject to fines or sometimes with revoking their license. Forex announcements in Cyprus are noted on Cysec website and there are announcements that give information on an everyday basis. Definition of a forex scam Forex scam is "any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market." In practice, a forex scam can...

19 March

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Новости Forex в России

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В свете выхода закона о деятельности Forex в России были подведены итоги готовности форекс-компаний к оформлению новой документации, представляющей собой лицензию форекс-дилера. К началу 2016 года такие компании должны были создать саморегулируемую организацию, пройти аттестацию на право работы и аккредитацию в Центробанке. При этом крупные участники рынка, подавшие свои документы на получение лицензии ЦБ и обслуживающие своих клиентов через аффилированные офшорные структуры, продолжают выполнять свои обязательства. Российское законодательство не содержит запретов на осуществление российскими гражданами операций на иностранных финансовых рынках, включая сделки на рынке Форекс, осуществляемые с иностранными форекс-компаниями. Получение лицензии Банка России даст клиентам возможность выбирать юрисдикцию форекс-дилера: они вправе будут...

17 March

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iMPK offers services to Companies entering the China market

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iMPK Global Businessl Law Firm is please to announce that through its associated offices can offer the following services regarding the China Market. Consulting Our associated offices can offer services to companies that consider entering the China market and companies that already have presence and are looking for growth opportunities. Our consulting services include: Market research and assessment Regulatory environment analysis Partner search and due diligence Entry strategy consulting Competitive intelligence or analysis Location analysis Management consulting Consumer or customer surveys Corporate Formation Our associated offices have extensive experience with corporate services in China, from simple Representative Offices (ROs) to more complex Foreign Invested Enterprises such...

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