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ICA Certification in AML for ICPAC/CBA Members 2023

webwizny — Tue, 10 Oct 2023 01:47:38 +0000

Our Managing Director, Stephanie Jeronymides has successfully completed the ICA Certification in AML for ICPAC and CBA Members with Distinction.

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ADVANCED ANTI-MONEY LAUNDERING (AML) SEMINAR 2023

webwizny — Sat, 18 Mar 2023 03:57:13 +0000

On 14th of March 2023, our Managing Director Stephanie Jeronymides has successfully attended the Webinar on ‘Advanced Anti-Money Laundering (AML) & Counter Terrorism Financing (CFT) IP’ webinar organized by the Infocredit Group Ltd and accredited by the Cyprus Bar Association.

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ADVANCED ANTI-MONEY LAUNDERING (AML) SEMINAR

webwizny — Tue, 11 Jan 2022 15:24:44 +0000

On 5th of October 2021, our Managing Director Stephanie Jeronymides has successfully attended the Webinar on ‘Advanced Anti-Money Laundering (AML) Seminar – a Practical Approach’ organized by the Famagusta and Larnaca Bar Associations and accredited by the Cyprus Bar Association.

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CYPRUS FINTECH SUMMIT 2021

webwizny — Tue, 09 Feb 2021 06:26:37 +0000

On the 29th of January 2021 our Managing Partner, Stephanie Jeronymides, has attended the Cyprus Fintech Summit – 1st Edition.

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S.JERONYMIDES & CO. LLC HAS BEEN AWARDED WITH THE ‘MOST TRUSTED CORPORATE LAW FIRM FOR CYPRUS FOR 2020’ BY THE ACQUISITION INTERNATIONAL.

webwizny — Mon, 11 Jan 2021 22:18:11 +0000

The award has been accepted by the firm’s Managing Partner, Mrs Stephanie Jeronymides, who has thanked the firm’s esteemed clients and business associates for their vote of confidence and trust.

Acquisition International (AI) Legal Awards are designed to reward parties based on their excellence demonstrated in the industry. AI Legal Awards have been running for many years now and serve as the ultimate guide to the very best that the legal industry has to offer. Nominated by clients, peers, fellow professionals and in some cases by the media group; voted for by our subscribers and agreed by their industry experts, the Legal Awards provide a comprehensive go-to resource for those seeking the truly outstanding legal professionals from around the world, who go the extra mile to get the job done in style.

https://www.acq-intl.com/winners/s-jeronymides-co-llc/

https://www.acq-intl.com/acquisition-international-announces-the-winners-of-the-2020-legal-awards/

The post S.JERONYMIDES & CO. LLC HAS BEEN AWARDED WITH THE ‘MOST TRUSTED CORPORATE LAW FIRM FOR CYPRUS FOR 2020’ BY THE ACQUISITION INTERNATIONAL. first appeared on S. JERONYMIDES & CO. LLC.

EXTENSION IN RELATION TO THE FILING OF OVERDUE ANNUAL RETURNS HE32

webwizny — Tue, 15 Dec 2020 21:02:38 +0000

The following which have been put before the Plenary Session of the Parliament for a vote on 10/12/2020, have been voted in favour and are expected to be published in the Official Gazette of the Republic.

The Companies (Amendment) (No. 7) Law of 2020.

With this amending Law, the basic law is amended so that the Republic fulfils its obligations deriving from article 30 of Directive 2013/34 / EU, in combination with articles 14 (f), 16 and 18 of Directive 2017 / 1132 / (EU), regarding the publication of the accounting documents of the companies no later than twelve months from the 9th closing date of their balance sheet.

The Companies (Amendment) (No. 8) Law of 2020

With this draft law, the basic law is amended, so that its provisions concerning the imposition of penalties on companies that fail to submit their annual report to the Registrar of Companies in time to enter into force on April 1, 2021, instead of December 18, 2020.

It should be noted that the new penalty fee will start from €50 and shall continue to increase from the first date of non-compliance at the rate of €1/day for the first 6 months and €2/day thereafter for a maximum penalty of €500.

How S.JERONYMIDES & CO. LLC can help?

Ensuring the company is compliant with all its statutory obligations within the specified timeframe;
Submission of the relevant filings on behalf of the company with the Registrar of Companies;
Application and activation of e-filing codes on behalf of the company;
Keep you informed regarding the ongoing amendments of the CAP 113 and relevant timeframes;
Drafting the necessary corporate documents for the approval of the financial statements of the company;
Preparation and submission of annual returns HE32 with the Registrar of Companies;
Advising on the corporate governance of the company.

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Protecting your brand: Trademark & IP rights in the US & Cyprus

webwizny — Thu, 03 Dec 2020 12:49:31 +0000

Our Managing Director Stephanie Jeronymides has successfully attended the Webinar on Protecting your brand: Trademark & IP rights in the US & Cyprus organized by Michael Kyprianou and accredited by the Cyprus Bar Association.

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S.JERONYMIDES & CO. LLC has been awarded as ‘Company Law award winner in Cyprus for 2020’ by the International Advisory Experts

webwizny — Thu, 10 Sep 2020 11:06:34 +0000

The award has been accepted by the firm’s Managing Partner, Mrs Stephanie Jeronymides who stated that it is a great honor to be recognized in your industry and in the legal profession for all the hard work. S.JERONYMIDES & CO. LLC is committed to excellence.

The International Advisory Experts is the World’s Leading Global Referral Network of well-established and experienced Legal, Financial, Tax and Consulting firms and each year they pay tribute to firms who have been successful in achieving a degree of excellence over the past 12 months and have received exceptional praise from their peers.

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Why Cyprus Is Attractive For High New Worth Investor Immigrants

webwizny — Mon, 01 Jun 2020 08:19:41 +0000

The Lay of the Land

In the world of so-called global citizens, one of the key considerations is to have a second passport. The saying goes that you had no choice about where you were born, but you can certainly choose where you are going to live. This is particularly so when it comes to high net worth individuals. That category breaks down into: billionaires, centa-millionaires ($ 100 M+), ultra high net worth individuals (30M+) and high net worth individuals (1M+). The Covid-19 pandemic is putting a squeeze on the lower category, which consists of about 18 million individuals. But the real action is to be found in the higher categories, consisting of over 200,000 individuals that may be interested in a second passport.

For such individuals, one of the premier destinations is Cyprus. Among the key reasons are: a great climate, beautiful countryside with ocean views, a stable government, a good economy and proximity to major markets. Cyprus boasts a well handled response to the Covid-19 pandemic in that it had few infections, was in good economic shape going into the crisis and will emerge relatively unscathed. Economically, the country is run based on English common law, is business friendly, is open to foreign investment and has a low tax regime. Post pandemic items related to quality of life in terms of health care and education score high marks in Cyprus.

Benefits of Cyprus

In terms of benefits, the Cypriot second passport program is the only fast track citizenship by investment program in Europe. The investor and family members are able to travel, work and live anywhere in Europe without even residing in Cyprus to obtain or maintain citizenship. Dual citizenship is allowed, and applicants can get the passport within about six months. The passport is open to applicants from all nationalities and provides visa-free travel to 171 countries, including the Schengen countries, Canada, United Kingdom, Australia, Singapore and Hong Kong but not the United States.

Investment Requirements

To obtain citizenship in Cyprus the would-be immigrant must invest at least €2,150,000. The most popular route is to invest €2 million in residential real estate for five years and pay €150,000 which is used by the government for low cost housing and research. One other requirement is that the investor must maintain at least €500,000 in real estate in Cyprus for the rest of his life, so that at the end of five years, only €1,500,000 can be rebated. If the investor is interested in investing more money, another part of the program enables investment in Cypriot companies or various projects, but this would require an additional investment of €500,000. The country budgets for 700 investor immigrant applications per year, but those who may file late will simply be processed in the following year, so it should not be a source of concern.

Attractive Aspects

Some of the more attractive aspects of the program are that a Cypriot Permanent Resident card is issued shortly after an application is filed while the investor is waiting for the second passport, the main applicant, spouse and dependent children below the age of 28 are eligible to obtain citizenship, and even elderly parents above 65 can also apply for citizenship as dependents. Also, English is broadly used in Cyprus.

Taxation Concerns Needless

One of the concerns that will be on the mind of some investor immigrants in the post-pandemic world is whether the target country may have accumulated a lot of debt because of expansionary fiscal policies employed during the crisis, and how this could play out in post-pandemic increases in taxes to pay off the indebtedness. This question was recently posed to Harris Georgiades, the former Minister of Finance of Cyprus. He responded by saying Cyprus was fortunate in terms of its pre-pandemic economic policy which left the country economically strong going into the crisis. That meant that the country did not have to engage in much economic self-defence through deficit spending and therefore there will be no tax increases or predatory tax measures introduced in the years ahead.

Past Problems Largely Resolved

More generally, while Cyprus is indeed very peaceful and stable today, it is a country that is made up of Turkish and Greek descendants and to this day is still a chess piece in a dispute over sovereignty of the northern part of the island that Turkey claims. Still, it is not expected that this will have any serious impact on life on the island any time soon. During the 2012-2013 Cypriot Financial Crisis, Cyprus re-capitalised the Bank of Cyprus and Cyprus Popular Bank (Laiki Bank) through a bail-in of depositors by converting bonds and deposits in excess of €100,000 into shares in the two banks. Investors incurred losses as a result. However, the lessons were learned by the Cyprus government and Mr. Georgiades indicated they will not be repeated.

Conclusion

All things considered, for those who can afford the investment required, Cyprus appears to be an excellent choice.

Source: https://www.forbes.com/sites/andyjsemotiuk/2020/05/28/why-cyprus-is-attractive-for-high-new-worth-investor-immigrants/

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Cyprus ranks 5th in the world for safety for 2020. What are you waiting for?

webwizny — Mon, 11 May 2020 19:10:24 +0000

S.JERONYMIDES & CO. LLC can assist you with the formation of a Cyprus company, set up of a Cyprus International Trust, obtainment of Cypriot citizenship by investment, Cypriot permanent residency and investing in Cyprus. Please reach out to info@sjeronymides.com

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