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Tax and Regulatory


Expertise > Global  > Tax And Regulatory Law
Our Tax and Regulatory Law Department provides expert advice on matters related to taxation, regulation and supervision in Cyprus, the British Virgin Islands and the Cayman Islands.

Overview

Tax


We provide comprehensive advice on complex cross-border issues in order to help clients maximize the benefits of Cyprus’ extensive network of double taxation treaties. Services provided by our tax attorneys team include the international tax structuring of proposed businesses and holdings, the drafting of tax opinions, negotiating and implementing corporate reorganizations, developing effective deferred taxation schemes for the purposes of the Cyprus Special Contribution for the Defence Tax Law, liaising with the Cyprus tax authorities for obtaining advance tax rulings and facilitating family succession planning using Cyprus International Trusts.

In the British Virgin Islands we advise locally established businesses on payroll tax and social security requirements and all other dealings with the BVI Commissioner of Inland Revenue.


Regulatory


Our BVI and Cayman Islands regulatory practice advises on all aspects of financial services regulatory law and practice. We provide practical advice on all components of both jurisdictions’ anti-money-laundering and terrorist financing regimes. We are experienced in the provision of bespoke products to assist regulated and non-regulated persons alike meet their obligations. Our regulatory lawyers advise extensively on the BVI and Cayman Islands’ investment business and securities laws, bank and trust company regulation and insurance and re-insurance regulation. We can assist clients in connection with enforcement actions taken by the BVI Financial Services Commission and the Cayman Islands Monetary Authority where necessary drawing upon the expertise of our Litigation Department. Read more about our investigations, corporate crime and fraud practice.
 
Harneys is the only law firm in the British Virgin Islands with a dedicated regulatory law practice and the firm has over 15 years of experience with the BVI’s investment business regime. Harneys has a long history of working closely with the government on the development of legislation and the regulatory team maintains a cordial and professional relationship with the BVI’s Financial Services Commission. The firm has particular expertise advising on the Securities and Investment Business Act as well as the BVI’s anti-money-laundering regime, the Banks and Trust Companies Act, the Company Management Act and the Insurance Act, among others.
 
Regulatory lawyers in both BVI and Cayman also advise clients in relation to the effect of certain legislative provisions of the United Kingdom and the various Acts of the European Union and United Nations which are extended to and given legal force in the BVI and the Cayman Islands as dependent territories of the UK.
 

FATCA


Our FATCA practice group provides practical and legal advice on the implications of FATCA and similar forms of automatic exchange of tax information. We assist clients in the BVI, Cayman and Cyprus to determine the applicability of FATCA to their business and we also help client meet their obligations under the law. Read more about our FATCA practice.
 

More Information

FATCA

Our FATCA practice group provides practical and legal advice on the implications of FATCA and similar forms of automatic exchange of tax information.Read More

Contacts

Emily Yiolitis
Emily Yiolitis

Partner
Cyprus
Pavlos Aristodemou
Pavlos Aristodemou

Partner
Cyprus
Aki Corsoni-Husain
Aki Corsoni-Husain

Partner
Cyprus
Margarita Hadjitofi
Margarita Hadjitofi

Partner
Cyprus
Ross Munro
Ross Munro

Partner
London
Oliver Bell
Oliver Bell

Senior Associate
British Virgin Islands
Ayana Hull
Ayana Hull

Senior Associate
British Virgin Islands
Styliani Constantinou
Styliani Constantinou

Associate
Cyprus
Eric Flaye
Eric Flaye

Associate
British Virgin Islands
Mirza Manraj
Mirza Manraj

Associate
British Virgin Islands
Publications

Webinars

Doing Business in Iran: Balancing the Risks and Opportunities 
Recorded: Ukraine, Russia and the impact of sanctions 

Articles & Updates

BVI and Cayman removed from Italy’s tax blacklist 
Framework Agreement reached over Iran’s Nuclear Programme 

Guides

Guide to the Russian Deoffshorization Law 
The Impact of FATCA on BVI Funds 

Recent Experience

Harneys advises Equity Trust/TMF Group on Doughty Hanson acquisition