Newsletter June 2017

Jul 03, 2017

A double tax treaty signed by Cyprus and Barbados

Cyprus and Barbados signed a double tax treaty on the 3rd of May in London. The double tax treaty will come into force as from the 1st of January following the year in which each country completes the ratifications process.

The Treaty’s main provisions are the following:

  1. No withholding tax on dividends;
  2. No withholding tax on interest.
  3. No withholding tax on royalties.

Cypriot Passport ranked 12th worldwide

The Cypriot passport has scored a passport rank of 12 worldwide, in the list of the Global Passport Power Rank featuring in the Power Index 2017. You may read more on the subject at:

An investor may obtain a Cyprus citizenship by making an investment of a minimum of €2 million and the purchase of a residence worth at least €500,000.

Please feel free to visit our website for more information on the revised Cyprus Citizenship Investment Scheme at

First Legal 500 Ranking for CA Advocates

emea_top_tier_firms_2017.jpgOur law firm has successfully qualified for the first time to receive a Legal 500 ranking for the first time, under the category of Cyprus: Commercial, Corporate and M&A.

The Legal 500 rankings result from an independent review of researchers forming a special purpose committee by way of obtaining feedback from 250,000 in-house peers and by obtaining access to law firms' deals and confidential matters, which are subsequently, independently assessed by the said researchers. The only way a law firm can get into the Legal 500 ranking tables and commentary is on merit and it is not possible for a firm to buy its way into the editorial. More relevant information can be found at

As per the editorial of the Legal 500 publication which is based on clients’ comments, "CA Advocates (Pourgoura & Aspri LLC) delivers ‘high quality and clear advice’. Alexia Aspri and Celia Pourgoura are ‘very professional’. The team ‘manages to meet extremely tight deadlines in a cost-effective way’."

More information about the firm and its services may be obtained through its website at

Caribbean Citizenship programs

Our Law Firm is in a position, through its reliable agent in the Caribbean, to assist clients to apply for the financial citizenship program of Saint Kitts and Nevis, Grenada, Antigua and Dominica.

Some interesting factors about the Caribbean Citizenship programs are outlined below:

  1. The benefit of the St Kitts and Nevis program is the large number of visa free countries the passport of Federation of St Kitts and Nevis offers to its holders.
  2. The most affordable program is granted by the Commonwealth of Dominica.
  3. The fastest option is offered by Grenada, with 2-3 months of processing time.
  4. The Citizenship program of Antigua provides the biggest number of visa – free countries, including Canada and the EU.

Please feel free to visit our website at for more information on the above mentioned programs.

Offshorewealth Blog

We would like to introduce the leading corporate blog of offshore industry in Russia and CIS countries - – is a reliable source of information that helps entrepreneurs and high net worth individuals to create and successfully develop their international and online businesses, using the latest technology and protection schemes for their capital honestly earned abroad.

The blog contains a number of articles about offshore jurisdictions and other international jurisdictions with the most favorable tax regime, i.e. Nevis, Panama, Cyprus, the British Virgin Islands, Hong Kong, Singapore, Andorra, Latvia, etc.

The authors of the blog are numerous offshore industry professionals who work closely with and actively participate frequently in seminars on tax mitigation, business structuring, opportunities on acquisition of economic citizenship and other important topics.

We can carry on talking about and what it has to offer, but the best way to get acquainted with the most advanced and relevant blog of offshore industry available in the Russian language is to visit it – at Seeing once is better than hearing twice!

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