Tag Archives: Cypress

ILN Today Post

Cyprus introduces new attractive tax residence criteria for individuals

The Cyprus Parliament has approved in July 2017 an amendment to the Cyprus Income Tax Law, Law 119(I)/2017 (the “Law”) pursuant to which the definition of an individual considered as a Cyprus tax resident has been extended. The amendment is effective as from 1 January 2017.

Before the amendment to the Law, an individual is considered as a Cyprus tax resident if he/she stays in Cyprus for one or more periods exceeding in aggregate 183 days in a tax year.

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ILN Today Post

Antis Triantafyllides & Sons advises Hellenic Bank on establishing debt recovery servicing JV

Our firm acted as local legal advisor of Hellenic Bank Public Company Ltd on the establishment of a joint venture with the APS Holding Group for the management of the real estate assets and the servicing of a portfolio of non-performing exposures of Hellenic Bank.

The transaction will result in the creation of the first debt servicing platform in Cyprus.

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