International’s market terms and conditions are hard and are not easily comprehend.

Therefore, the most important and wise action that an entrepreneur should do, is to cooperate with a law firm that has an extensive knowledge of the international market behavior and trends.

Our law firm Chambersfield Economides Kranos follows a customer-centric innovative entrepreneurial, and at the same time, comprehensive way of thinking. It recognizes that each customer approach should always be unique and exclusive.

In addition, the modern, multilevel business activities environment of globalization does not provide any limits or restrictions or protection to corporations, against the ruthless competition. Hence, the rapid technological development is helping competition to flourish even more, by sourcing heavily the various channels of communication.

Therefore, entrepreneurs are in a constant process of considering different strategies, in order to achieve a favorable course of action and thus differentiate their company, with the ultimate goal of lowering total costs and increasing profits.

Businesspeople are targeting strategic maximization of productivity, profitability and minimization of operating costs.

One of the key scenarios under consideration, due to its immediate variable capability, is to reduce operating costs through strategies such as:

• Enhanced management on corporate loans
• Company formations and / or relocations in favorable taxation environments
• Adjustment of the board of directors
• Modifications and reorganizations of companies and groups of companies
• Strategies formations and implementations for collecting outstanding amounts
• Trade agreements
• Mergers, joint ventures and acquisitions
• Formation of franchise agreements
• Formation of trusts with the aim of protecting the owners’ assets, as well as, safeguarding the company’s future strategies versus competition
• Voluntary liquidation of businesses, which are harmful with the aim of decreasing the operating costs
• New portfolio expansion investments

It is noteworthy to mention that the main prerequisite for the implementation and success of the aforementioned strategies is based entirely on the wise choice of selecting the appropriate legal advisor. The legal advisors together with the entrepreneur will generate the appropriate conditions for achieving reductions in operating costs, increase productivity and profitability.

Our law firm, Chambersfield Economides Kranos, with a comprehensive knowledge and expertise in the financial, investment, real estate and technology sectors, can be the ideal partner. We will assist you in finding the right strategies and business models that may increase your profitability.

Moreover, it is important to note that according to the legal and business needs of a company, our law firm will thoroughly investigate the operation and functioning, assess the internal and external policies used, evaluate the new products and services, and most importantly explore the performance of the current and new investments.

Last but not least, as an international law firm with a thorough experience of the international market terms and conditions, we consider that each entrepreneur / corporation before implementing any strategy should have a clear and accurate action strategy, which will be in accordance with the legal and business framework governing the jurisdiction that the business is headquarter, by setting and implementing the necessary legal safeguards, with the purpose of avoiding any adverse effects that may result from the improper handling.

The post Law Firms Assistance in Business Development appeared first on Chambersfield Economides Kranos.

Business nowadays operates in an interconnected world, without any boundaries or limitations to protect brands and companies from the merciless competition. In our era, due to technological breakthroughs, competition is thriving and multi-attacking companies and brands from various channels of communication; therefore entrepreneurs find themselves in the difficult position of searching and finding the most favorable path to follow, for the achievement of economies of scales.

Currently, many entrepreneurs are in the process of searching various ways on how they can maximize their productivity and enhance their profitability by minimizing their operational costs.

One of the main scenarios they examine, due to its endless possibilities, is the reincorporation or re domiciliation of their business activities in favorable markets.

Even thought this practice is very common, entrepreneurs should cautiously consider their options, since this path can be very costly, multifaceted and time consuming.

Consequently, when entrepreneurs decide to pursue this course of action not only do they have to prepare their business plan but they also have to include the nature of activities and purposes of their company and simultaneously proceed with the political, economical, social and technological environment analysis of the target market.

Additionally, they should examine important economical parameters of the targeted country such as the taxation regime scheme, processing time of company formation or re domiciliation and the terms and conditions of the exchange regulations, as well as, the transaction flexibility, assets, personal information protection and requirements for opening corporate bank accounts etc.

In summary, entrepreneurs should thoroughly assess the business law frame work under which their company will operate. Even though various countries are renowned for their favorable tax regime scheme, Cyprus is considered to be one of the most reputable and strongest jurisdictions for many types of company formation, incorporation, trusts and investment offering one of the lowest corporate tax rates in Europe. Cyprus is a country island situated in the Eastern Mediterranean area, at the heart of three continents; Europe, Africa and Asia thus rendering it a favorable choice.

It is a full member of the European Community and completely aligned with the EU regulations.

Its currency is Euro and the official language is Greek while English is spoken by almost everyone and Russian by a significant percentage of the population. In addition, Cyprus has one of the lowest crime rates in the world.

It has an excellent transportation structure and infrastructure that support the entire spectrum of business activities which take place on the island. It has a trustworthy and advanced private banking and medical system. Cypriot people are well mannered and are famous for their hospitality.

The Legal System of Cyprus is based on Common Law.

Its economy operates based upon an open, market driven principle, with favorable tax regimes for the incorporation of companies and investments.

Moreover, Cyprus is characterized by a high per capita income and renowned as a European Union center for foreign investments, offshore businesses and activities.

Also, it is important to note that the Government authorities of Cyprus are promoting heavily the incorporation and foreign investments, as well as, allowing the purchase / ownership of property under favorable conditions.

Consequently, Cyprus Government authorities engage in non – stop negotiations for forming double taxation treaties with non European countries, in order for the Cypriot active companies to enjoy an important competitive advantage.

Currently, Cyprus is an affiliate to more than 50 double taxation treaties based on the OECD including the EU, China, India, Kuwait, Russia, Singapore, Thailand, USA, Azerbaijan, Lebanon, UAE, Georgia and other important hub countries.

Furthermore, other important advantages of Cyprus are the low corporation tax rate, the very short time frame for company registration, as well as, the low annual maintenance fees of corporations.

Cyprus offers one of the lowest corporation tax rates in the EU, which is 12.5%. The time frame for the registration of a new company is very short, approximately 7-9 days.

Hence, Cyprus allows the use of nominee Directors, Secretary and Shareholders therefore there is no obligation of exposure of the Ultimate Beneficial Owner (UBO) in the public Company Registrar Record. Anonymity rights are fully safeguarded and there is no need for the owner to be present during the process of the incorporation or opening of a corporate bank account.

Bank accounts can open between 2 – 5 working days with full online electronic banking and digital pass as well as a debit card. Cyprus is considered to be the most well-known EU country for offshore company formation and Trusts.

The Cyprus International Trusts are exempted from income tax, capital gains tax, special contribution or any other taxes.

Additionally, there is no estate duty or inheritance tax in Cyprus, there is flexibility for relocation, there is no exchange control regulation and trusts can operate internationally with no disposal tax of securities. Thus, there are no withholding taxes on dividend payments, interest or royalties to non residents (subject to conditions).

In addition, the profits from the sale of shares in the stock exchange are tax free, whereas, the losses of a company can be carried forward opposed to future profits for an indefinite period. Besides those very important advantages, Cyprus is also offering the Group relief option, whereby the loss of one company can be covered by the profits of another since both of them are under the Cyprus residential tax scheme.

Moreover, Cyprus Permanent Residence and Cyprus Investment program are considered to be one of the strongest in the world since they provide several significant benefits to the investors, as well as, an advantageous flexibility towards the investors that are reside in non EU member states, which includes, their family members under 18 years old as well.

To sum up, Cyprus tax law is characterized by its simplicity, straight forward approach and effectiveness. Subsequently, entrepreneurs should consider Cyprus as a favorable market for incorporation or re – domiciliation of their business activities, since their companies will enjoy instantly, among other important advantages, low corporate taxation rates and annual maintenance corporation costs.

In addition, entrepreneurs will have the option of forming an offshore company or a trust so as to protect their assets, companies’ strategies and personal information by enjoying a very beneficial taxation regime with no exchange control regulation that would limit international operation.

Justifiably, Cyprus is considered to be an EU Tax Heaven island country. Cyprus companies enjoy safety, stability and flexibility, as well as, overall low tax rates while having the opportunity to trade not only in the EU but in other countries by enjoying the advantages of over 60 double taxation treaties. Cyprus is globally an ideal investment and incorporation gateway, offering to the investors a market right of entry to more than 500 million EU citizens, the Middle East and China.

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