Cyprus law firm Michael Kyprianou & Co launches India desk
Michael Kyprianou & Co has launched an India desk to help Indian clients set up companies and do business in Cyprus and Greece, offering advice on corporate and commercial laws, banking and finance laws and tax laws.
The India practice will be led by Managing Partner Menelaos Kyprianou and Partner Ilias Tsintavis, supported by three other lawyers.
Ilias Tsintavis said, “We are very impressed with the quality and level of growth that India has displayed. Specifically, we see India as a country rising very rapidly. We believe that growth of India will be sustainable and India will be one of the most important places in global business in the years to come. Both India & Cyprus share certain historical links which are not always evident. Both were part of the British empire and have almost identical legal systems. Additionally, the two nations share common allies, such as Israel & Russia. We believe these are some of the reasons why these two countries should cooperate and work together, especially in light of the excellent double tax treaty between the two nations.”
Tsintavis added, “We have become aware that we're not permitted to operate in India and this is something we respect. As a result we ended up setting up the India desk as we cannot have a representation office in India. We want to have a team that is aware of the needs of Indian clients, of the Indian legal professionals and accountants. We are really going to see how the India and Cyprus jurisdiction can blend together. We want our India desk to give quick and efficient solutions to the clients."
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