With offices in Nicosia, Limassol, Moscow, Athens and Valletta and a team of 36 advocates and 70 in-house qualified professionals of related disciplines, Scordis, Papapetrou & Co LLC is one of Cyprus’ leading international law firms. “Our litigation partners have appeared before courts and tribunals from New York to Siberia, and our corporate/commercial team have acted in multi-billion domestic and cross-border mergers, acquisitions and financing” explained the managing partner Mr. Kyriacos Scordis.
Working with clients from all over the world, Scordis is mostly impressed by the professionalism, dedication and drive of both the legal profession and the business world in Israel. “On the corporate side, our clients range from private individuals to an Israeli state-owned entity that is involved in a Cyprus-Israeli venture in desalination plants in Cyprus” he highlighted.
As an EU member state and Eurozone member, Cyprus provides a gateway to Europe for Israeli investors to access the European markets. The country’s stable business environment and its advantageous EU-approved tax regime make it an attractive jurisdiction. Cyprus has one of the lowest corporation tax rates among EU member states and foreign-sourced dividends are generally exempt from tax upon receipt by a Cyprus tax resident company. This coupled with the new government incentives to encourage foreign investment, is facilitating headquartering in sectors such as technology, asset management, investment funds, higher education, shipping and film industry. Cyprus’s appeal as a convenient headquartering jurisdiction is gaining momentum, a notable example is the Israeli Fattal Hotel group, currently building its fifth Leonardo hotel in Cyprus.
Scordis, Papapetrou & Co has many contacts in Cyprus and a clear understanding of the business environment and needs of investors .“Our team is ready to deliver the most suitable tailor-made solutions to meet clients’ goals and guide clients through the whole spectrum of their activities in Cyprus and to facilitate and make any relocation or setting up of a business in Cyprus an effective, efficient and successful process” said Scordis.
“We are innovative and we have the capability, resources, willingness and a relentless commitment to advance our clients’ business by providing solid solutions with loyalty and respect. If you require legal services by a highly competent team of lawyers, capable of thinking out of the box to provide high calibre legal services adapted to your needs, we would welcome the opportunity to cooperate with you.”