One of the latest achievements of Chambersfield Economides Kranos is to receive the award of the Leading Adviser for Cyprus for 2021.

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For Chambersfield Economides & Kranos is the second time receiving a distinction from Acquisition International.

The first time was in 2019, for its Corporate Excellence and this year is appointed as the Leading Adviser for Cyprus.

More precisely, Chambersfield Economides Kranos is the leading Full-Service Cross-Border Law Firm of the year in Cyprus.

Chambersfield Economides Kranos is an international law firm with a physical presence in more than 9 countries and having offices in Limassol, London, and Singapore.

The legal firm provides a variety of services to international individuals and institutions.

A highly experienced team of professionals undertakes with ethos, professionalism, respect and personal approach, legal and business cases on all legal and corporate services.

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August 2020 changes into force:

• The parents of the applicant, as well as the parents of the applicant’s spouse are eligible to apply for the acquisition of the Cypriot Citizenship with a supplementary investment of €500.000 plus VAT (if applicable), individually or collectively 1-million-euro.
• Dependent adult family members (18 to 28 years old) can now apply for the acquisition of the Cypriot Citizenship through naturalization by exception, simultaneously with the main investor. This is a major change since it reduces dramatically the application waiting time.
• Financial dependent adult children between the ages of 18 – 28 years old, which are married, are no longer qualified to apply under their parents’ application. If they wish to be eligible to apply for the acquisition of the Cypriot citizenship, then they must process a separate application and fulfill all the requirements of the program as stated by the Civil Registry Laws of the Cyprus Investment Programme.
• Applicants are no longer eligible to apply for the acquisition of the Cypriot Citizenship through the incorporation of a development company and/or investment in own development project.
• If an applicant chooses to invest in a Cypriot company, then it must employ at least nine (9) Cypriot or EU citizens in order to be eligible to apply.
• The donation amounts to the Research and Innovation Foundation, as well as to the Cyprus Land Development Corporation, changed from €75.000 euro to €100.000 euro each. Donation is now settled to €200.000 in total.
• According to the regulation provisions of the program, all funds related with the fulfillment of the investment criteria of the Cyprus Investment Programme, including the purchase of the permanent private residence of the applicant and Republic payments for the investments, should be wired from the applicant’s overseas bank account or the applicant’s company / companies to a licensed Cyprus Financial institution that is controlled by the Central Bank of Cyprus. It is noted that all wired transfer copies should be attached to investor’s application upon submission.
• The police clearance certificate must be no more than six (6) months old.
• Political Exposed Persons (PEPs) should not have held public office up to a year before the time of their application, in order to be eligible to apply. It should be stressed that this change from five (5) to one (1) year applies only when PEPs did not occupy important political positions i.e. ministers or their deputies, ambassadors, heads of states or governments, cities mayors etc.
• Applicants that were convicted with a serious criminal offence with a sentence over five (5) years, or any other offence of similar severity, are not eligible to apply for the acquisition of the Cypriot citizenship through the Cyprus Investment Programme. This restriction applies also if an applicant is convicted for a specific crime in another country, that crime is considered to be a crime held in the Republic of Cyprus, with a resembling imprisonment sentence.
• Additionally, applicants that are under criminal investigation with a possible sentence of minimum five (5) years are not qualified to submit an application for the acquisition of the Cypriot Citizenship through naturalization by exception.

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Michalis Economides studied at Queen Mary University of London and University College London (UCL) before becoming a Barrister-at-Law from Lincoln’s Inn.

As he tells GOLD, the idea of founding his own law firm began to take shape during his legal studies.

“When I was in the UK, I had the privilege to work in a major law firm, handling various arbitrary, corporate and court cases. Through my interactions with fellow professionals and my experience of operating in that environment, I realized that the legal profession could fulfil me and give me a solid purpose: offering advice and services to business and individuals, assisting in dispute resolution and providing solutions to personal or business problems”.

Michalis Economides decided to follow his instincts regarding the profession, and as he gave more thought to what he could do to contribute to any changes and improvements, he moved a step further:

“I realized that, to make the desired changes, I needed to have my own law firm, and that is what led to the formation of Chambersfield Economides Kranos.”

Seven years after its establishment, Chambersfield Economides Kranos has a physical presence in nine countries.

Its experienced team of lawyers undertakes cases that fall within the scope of litigation and arbitration, corporate and commercial law, admiralty and shipping, banking and finance, competition law, criminal law, debt recovery, employment law, energy law, European law, family law, immigration law, tenancy issues, intellectual Property law, internet business law, real estate and tax law.

Meanwhile, the firm’s sister company, GFA Trust, provides corporate, fiduciary and commercial services in more than 21 jurisdictions.

“The uniqueness of Chambersfield Economides Kranos mainly relies on the composition of its team,” says the founder. “Our team consists of experienced, determined, highly educated and knowledgeable professionals sharing an unparalleled passion for their profession. They embrace the firm’s vision and recognize that each case is important and unique, irrespective of the client’s status. Consequently, we personalize our recommendations and solutions to enhance the materialization of each client’s goal”.

Of course, the journey has not been easy, given that the firm was founded at what some might consider the most difficult time in the country’s recent history: April 2013.

“If I could highlight two of the most crucial challenges we have faced, I would have to mention the 2013 banking crisis, during which only essential business transactions were taking place in Cyprus, and, of course, this year’s coronavirus pandemic, which has practically stopped the world and changed global business thinking. Both of these unprecedented crises were very stressful and demanded that we implemented a thorough, open-minded and groundbreaking way of thinking in order to deal with them successfully”.

In addition to those two major crises, law firms face other significant challenges: “I believe that the legal sector needs to enter the digital era dynamically and embrace it by simplifying and speeding up all its procedures with the aim of improving communication among all the involved parties,” says Michalis Economides.

“The last decade has given us solid proof that our generation must always be alert and have a Plan B for handling crises. Nowadays, due to digitalization, there are no limits or restrictions on the flow of information, but this means that a crisis can occur at any time, spreading like wildfire and affecting national and international markets alike. So, preparation, fast response and participation in the digitalization system is essential if firms are to continue their business operations.”

The goal of the firm is to further expand its operations in the international market, aiming to offer clients comprehensive international services with a local touch.

At the same time, Chambersfield Economides Kranos will continue to implement its customer-centric approach, as it cherishes and strengthens customer relationships and develops its business operations.

“Undeniably, clients want law firms that not only offer them high-calibre legal and corporate services but are partners in this relationship, complying with the notions of loyalty, trust, professionalism, personalisation, respect and understanding,” says Michalis Economides.

“Chambersfield Economides Kranos is a law firm that prioritizes its clients’ needs and personalizes the proposed solutions in such a way that they yield exceptional results in each case or project.”

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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.

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An Article by Michalis Economides, Advocate & Legal Consultant | CEO of Chambersfield Economides Kranos Law firm

Article Publication: Capital Today Magazine November 2018.

The business sector is very challenging but also thrilling. The stunning technological development has overturned the balance of businesses across the globe and led to the formation of a new, modern and multidimensional environment that requires immediate action, consistency and confidence from the companies.

GREAT EXPERTISE

As a law firm with physical presence in more than nine countries and activities at an international level, we have noticed (although each case is unique) that entrepreneurs are constantly seeking new business actions. In this way, particular emphasis is placed on finding strategies that aim at achieving a more favorable result and thus the diversification of their company both locally and internationally.

There is no doubt that the main objective of the businesses is to maximize productivity, increase profitability and minimize operating costs. Based on our experience, businesses are primarily considering scenarios and strategies, which have the privilege of delivering a direct result, which will have as an outcome the reduction of operating costs, increase of productivity and therefore an increase in profits.

LEGAL CONSULTANT IS ESSENTIAL

My experience as CEO and Legal Advisor at Chambersfield Economides Kranos, has repeatedly taught me that every strategy and every business case requires thorough and systematic analysis and review. Besides, each case receives influences (positive or negative) from the various changes and fluctuations of both domestic and international markets as they arise from the political, economic, social, technological, environmental and legal framework.

Consequently, it is important to note that choosing the right legal consultant is of upmost importance as along with the entrepreneur, they can create favorable conditions for achieving growth strategies.

BEFORE IT’S TOO LATE…

At this point, it is noteworthy to mention that we have repeatedly observed that, unfortunately, company founders and entrepreneurs addressed to legal counselors at a later stage, when they actually face problems with their businesses. Problems that could have been avoided through proper collaboration with reputable lawyers familiar with the company’s business, how their market operates, the model they follow and the goals they set.

Thus, our advice, regarding the development of a business is to build a stable and uninterrupted cooperation with a well-established, accredited law firm which specializes in corporate, commercial and labor matters and will have knowledge and connections at international level. With this cooperation, each entrepreneur will ensure that strategies are properly implemented and aligned with all the procedures resulting from the legislative framework.

At the same time, with the goals set by businesses in order to increase cash flow, reduce costs and develop the business, strategic actions are proposed on a case-by-case basis. Actions that, if properly executed, can contribute to the further development of the business.

WHAT WE PROPOSE

Specifically, some of the strategic actions that we have already implemented in several businesses and resulted in the development of the businesses, both locally and internationally, are:

• Better management of corporate loans through restructuring, which has increased liquidity and hence expansion, retention and growth strategies
• Company Formation / Re-domicile in a more tax-favorable jurisdiction
• Shareholders Restructuring
• Group Restructuring
• Debt Collection Strategies
• Trading Agreements
• Mergers & Acquisitions
• Franchise Agreements
• Trust Services
• Windup Voluntarily Insolvency
• Investment Management
• Portfolio Management

SAFETY

As I have already mentioned, each case is unique, that is why the close cooperation with a legal consultant is essential and necessary because the consultant’s comprehensive and analytical knowledge of the economic, financial, investment, real estate and technological field assist in finding the appropriate strategic and business model that can be adapted by the business.

As a lawyer and businessman, I believe that each business / company, before implementing any strategy, should have a clear and precise picture of the legislative and business framework governing the country / business sector it is located in and set the necessary legally available safety measures, so as to avoid any negative consequences that may result from misconduct.

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The group includes the internationally recognized Law Firm Chambersfield Economides Kranos and GFA Trust, provider of a comprehensive range of corporate services as well as services for the formation of trusts.

The multi-awarded international law firm Chambersfield Economides Kranos was founded by Michalis Economides, a distinguished approved Barrister of the Cyprus Bar Association, as well as Barrister of the United Kingdom and Wales.
Chambersfield Economides Kranos has physical presence in more than nine jurisdictions and undertakes a wide range of complex, integrated, legal, corporate and consulting services on an international level.

Chambersfield Economides Kranos focuses on providing legal and advisory services in civil, political, maritime, commercial, banking, corporate, labor, energy, European, immigration, family, criminal law, liquidation as well as issues resolution of commercial disputes and mediation.

The legal department of Chambersfield Economides Kranos focuses on the understanding of business activity that receives either positive or negative influences from the various changes and fluctuations that occur on the domestic and international markets from the political, economical, social, technological, environmental and legal framework. It implements strategic approaches and develops methodologies that focus primarily on risk mitigation and situation management as they arise from the microeconomic and macroeconomic environment in which each legal entity operates.

Also, the immigration department specializes in naturalization through investment and immigration services. With extensive experience in the field of naturalization through investment, as well as immigration services, it provides solutions tailored made for every individual’s requirements and needs and are fully compliant with the legal provisions of the countries in which they operate.

Additionally, Chambersfield Economides Kranos provides legal and corporate advice with a wide range of specialized services for individuals, legal entities and financial institutions which need an impartial, professional, legal and advisory perspective.

With the company focusing on continually satisfying the customer, Chambersfield Economides Kranos aims to create long-lasting relationships based on the principles of trust, ethos, mutual respect, transparency and understanding.

Simultaneously, the subsidiary of Chambersfield Economides Kranos, GFA Trust, provides a comprehensive range of corporate and fiduciary services in more than twenty-one jurisdictions, especially targeting business development and worldwide expansion.

Among other things, GFA Trust provides services such as company formation and management, nominee & fiduciary services, trusts, re-domicile, mergers and acquisitions, escrow services, bank accounts opening, fund formation and reviewing contracts and agreements.
GFA Trust’s broader activities cover a wide range of services that fall within the international business, financial, administrative, banking and corporate sectors.

CEO’s Story
Michalis Economides is a Legal Advocate and CEO of Chambersfield Economides Kranos and GFA Group. Additionally, he is a licensed Attorney-at-Law of the Cyprus Bar Association and Barrister of the United Kingdom and Wales, as well as Licensed Insolvency Officer of Cyprus, Certified Regulator of the Cyprus Civil and Commercial Registry and member of The Chartered Institute of Arbitrators of England and Wales.

Michalis Economides, as well as the GFA Group’s companies, have won multiple awards and recognitions, with the most recent Michalis international title as “CYPRUS GAMECHANGER OF THE YEAR” by the ACQ5 Law Awards, Chambersfield Economides Kranos honorary award and recognition for its corporate services as well as Michalis Economides honorary title as proposed lawyer in Cyprus by the Global Law Experts Network, Honorary Recognition for Chambersfield Economides Kranos by Advisory Excellence with the award of the «Full Service Law Expert Firm in Cyprus 2018», Leading Firm 2018 by «Legal500» and Chambersfield Economides Kranos’ award from International Advisory Experts as a «Full Service Law Firm in Cyprus» for the year 2018.

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Publications: www. Inbusiness.com | Newspaper Phileleptheros | www.philnews.com

The International Law firm Chambersfield Economides Kranos, and its founder Michalis Economides, an approved member of the Cyprus Bar Association and Barrister in the United Kingdom, announces its global expansion with new offices presence in England, Singapore, Albania and Bahrain.

Chambersfield Economides Kranos is offering a full range of legal and corporate services based always on the interests and needs of the clients.

Thus, one of the divisions of Chambersfield  Economides Kranos is the fiduciary corporate provider department of GFA Trust, which is a global leader in providing integrated, tailor made solutions in connection to inter alia, for company formation, administration and fiduciary services in more than 20 jurisdictions.

In addition, Chambersfield Economides Kranos stated that is already in discussions with other international companies and soon will announce the new alliances.

Δημοσιεύσεις: www. Inbusiness.com | Εφημερίδα Phileleptheros | www.philnews.com

Επεκτείνεται Διεθνώς η Chambersfield Economides Kranos

Η διεθνούς φήμης δικηγορική εταιρία Chambersfield Economides Kranos, με ιδρυτή Μιχάλη Οικονομίδη, εγκεκριμένο Δικηγόρο του Παγκύπριου Δικηγορικού Συλλόγου καθώς επίσης και Barrister του Ηνωμένου Βασιλείου, ανακοινώνει την επέκταση της με τη σύναψη νέων συνεργασιών σε Αγγλία, Σιγκαπούρη, Αλβανία και Μπαχρέιν.

Η Chambersfield  Economides Kranos δραστηριοποιείται στους τομείς που εμπίπτουν υπό του αστικού, πολιτικού, ναυτιλιακού, τραπεζικού, ποινικού, εταιρικού, εργατικού, ενεργειακού, ευρωπαϊκού,  μεταναστευτικού και οικογενειακού δικαίου.

Παράλληλα, σημειώνεται ότι η GFA Trust, θυγατρική εταιρία του ομίλου εταιριών Chambersfield  Economides Kranos μπορεί να παρέχει εταιρικές υπηρεσίες σε 20 και πλέον δικαιοδοσίες ανά το παγκόσμιο.

Τέλος, αναφέρεται ότι ήδη η Chambersfield  Economides Kranos συνδιαλέγεται και με άλλες εταιρίες ανά το παγκόσμιο και σύντομα θα ανακοινώσει τη σύναψη και άλλων νέων συνεργασιών.

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Publication: www.goldnews.com.cy

The founder and CEO, Mr Michalis Economides a lawyer and approved member of the Cyprus Bar Association and Barrister of the United Kingdom stated that “The objective of Economides Kranos Chambersfield law firm is to form a global presence that will provide a full range of integrated litigation and corporate solutions, tailor made to each customer that will enable them to perform effective in any jurisdiction.” The firm, through its subsidiary corporate provider company, KnightsWorth, now offers corporate and fiduciary services in more than 20 jurisdictions.

Chambersfield Economides Kranos follows a customer driven philosophy, according to the notion “think globally but act locally”.

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The International Law firm Chambersfield Economides Kranos, highlights even more its global expansion with its new offices in China.

The founder and CEO, Mr Michalis Economides, a lawyer and approved member of the Cyprus Bar Association and Barrister of the United Kingdom and Wales, stated that: “The objective of Chambersfield Economides Kranos law firm is to form a strong global presence that will provide a full range of integrated litigation and corporate solutions, tailor made to each customer that will enable them to perform effectively in any jurisdiction.”

Chambersfield Economides Kranos follows a customer driven philosophy and provides a full range of legal and corporate services to private and corporate clients, multinational companies, financial institutions and governments.

Currently the law firm preserves offices and has physical presence in Cyprus, England, Singapore, Albania, Bahrain, Israel and China, while it is continuing the discussion with other prominent companies around the world for establishing new partnerships.

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Chambersfield Economides Kranos is an International Law firm that offers complete legal and corporate services, with physical presence in more than 7 countries and provision of fiduciary and corporate services in more than 21 countries. The firm deals with all legal practice areas and the lawyers within can cope with cases regarding any multi jurisdictional issue worldwide.

The firm’s cross-border experience and knowledge of the worldwide rapid changes enables it to thoroughly assess and comprehend the market perspectives. The company provides solutions and can advise private users as well as corporate entities on how to handle private issues and disputes with discretion, how to manage their existing investments or evaluate new investment opportunities as well as how to form a successful portfolio of investment with the greatest percentage of return. Additionally, our expertise allows us to serve as an advisors / consultants for wealth management, tax restructuring, risk analysis, management and administration of Trusts at a global level, etc.

Moreover, the firm’s advisory knowledge covers the entire main business field under International Law practice and ranges from the financial, management and banking sector to the incorporation, administration of corporations and fiduciary services, fund registration and management expanding to various other related practice areas.

The company’s Immigration Law Department has an extensive experience and expertise in regards to Economic Citizenships and Permanent Residence plans worldwide. The firm is able to suggest solutions that are fully compliant with the legal provisions of each and every jurisdiction, in which the client wishes to obtain Citizenship/Passport or Permanent Residence. The firm operates closely with Cyprus, Latin America and Caribbean approved schemes as well as other immigration schemes.

Chambersfield Economides’ Kranos line of thinking is innovative and exclusive.

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