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AMG Mylonas & Associates, LLC was included in the International Sector panel of September 2016 edition of Corporate INTL Magazine, regarding Corporate Law Complexities in Cyprus.
Andreas Mylonas, advocate and managing director of our firm, has given an interview and was included in the International Sector panel of September 2016 edition of Corporate INTL Magazine, regarding Corporate Law Complexities in Cyprus.
Andreas added: “From a purely legal perspective, corporate governance considerations, nuances of local law, lack of commonly established or accepted market conditions or norms, export controls, unique timing requirements, indirect taxation and VAT issues influence the businesses,” he elaborated. “Our experience includes developing strategies to reduce the complexity, finding timely and practical solutions and mitigate the risk.”
In terms of recent events, Andreas highlighted recent amendments to the Law on Administrative Cooperation in the Field of Taxation in order to implement provisions of the EU Directive on Administrative Cooperation in the Field of Taxation.
“The above mentioned updates will definitely affect the corporations. This would be beneficial for Cyprus to facilitate further the use of Cyprus SPVs in international corporations and financing transactions. We strongly believe that amendments and developments represent a quick response to the ever changing global economic conditions and trends and could provide great incentives to international investors who wish to relocate and create a strong substance for their companies in Cyprus”, he concluded.
For the full article please refer to the » September 2016 edition of Corporate INTL magazine«, or click here for the online verion.