Newsletter December 2017

Dec 21, 2017

Limassol Del Mar reaches new heights with the launch of “The Signature Collection”

The already successful development, Limassol Del Mar, officially announces the launch of "The Signature Collection" apartments located on the 27-storey building. The apartments of this luxurious "collection" consist of two to five bedrooms, with first-class specifications and unobstructed view to the seaside.

The development’s architecture is one of its greatest advantages and one of the reasons why this building stands out. Due to its south inclination, all terraces and balconies grant the feeling of being above the sea.

The combination of its privileged view, which is unobstructed along the coast of Limassol from one side to the other, with the high specifications that carry the signature of renowned international fashion houses set the quality standards of the project even higher.

For more information about the Project please visit our website at

The Cyprus Citizenship Investment Scheme

A new improved Cyprus investment scheme came into force on the 1st of November 2016.

The most important changes of the revised Scheme are the abolishment of the provision for collective investment of €12 million which is being replaced by an individual investment of €2 million and the purchase of a residence worth at least €500,000.

The new scheme has also abolished the ability to apply for the citizenship through bank deposits worth €5 million, through impaired deposits due to the measures implemented after the 15th March 2013 and through the purchase of bonds worth €2,5 million, which were applicable to the previous scheme.

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

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

Caribbean Citizenship programs

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

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

*There is currently no mandatory interview requirement for the Dominican Citizenship by Investment Program; however an interview may be required at the discretion of the government.

** Non-Resident Citizens that have not resided in their home countries for a minimum of at least 8+ years are considered on a case by case basis.

*** Professional fees do not include client's documentation translation and legalization with notary and apostil.

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

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


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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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