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Newsfeed
Prospectacy Proudly Ranked 2nd in Cyprus Best Workplaces™ 2024
These are the companies distinguished as Cyprus’ Best Workplaces™ 2024 The 20 companies that make up Cyprus’ Best Workplaces™ 2024 have been announced by Great Place To Work® Cyprus with the slogan “Bank of Cyprus Spotlights the Cyprus’ 2024 Best Workplaces™ List by Great Place To Work® “. The list separates the distinguished companies into 3 categories based on […]
How Trademarks Empower Businesses in the Digital Era
Yanna Raevskayia – Head of Legal at Prospectacy LTD In the digital era, registering trademarks is of paramount importance, especially for small businesses and new entrepreneurs, as they play a crucial role in protecting a company’s brand and intellectual property. Registering trademarks is a strategic step for small enterprises and startups to safeguard their brand […]
Prospectacy: An example of equal treatment of its staff
Despite the fact that the principle of equal pay has been institutionalized for decades, the gender gap remains wide, with little improvement in recent years. On average, in the European Union in 2021 women’s gross hourly earnings were 12.7% lower than men’s per hour worked. In Cyprus, this figure rose to 9.7%, however, the country […]
Best Workplaces™ for Women the new institution of Great Place To Work® Cyprus
This is an institution that has been adopted in many countries where Great Place To Work ® is present. The Great Place to Work® institution is being upgraded and developed, with the adoption of Best Workplaces for Women™. This is a new certification that will be received by businesses that meet specific criteria in terms of equality. In particular, candidates to receive […]
How a Cypriot company, Apella Games, beat Apple.
Interview with Yanna Raevskaya, Head of Legal at Prospectacy Ltd who handled the case Apella Games, a Cyprus-based video game development startup, recently won a major commercial battle against global technology behemoth Apple Inc. In an interview with Digital Tree, Yanna Raevskaya, head of the legal department at Prospectacy Ltd, which handled the case, explained the reasons why Apple […]
Apple loses trademark battle that it probably shouldn’t have started
Apple has lost a trademark battle with Cypriot developer Apella Games. Apple claimed that customers would be confused, possibly mixing the two companies up or thinking that they were linked in some way. Apple claimed that Apella Games was visually, phonetically, and conceptually similar, according to a report. But the European Union Intellectual Property Office […]
Cypriot video game company wins trademark battle against Apple
Apple sought to block Apella Games from registering name and logo in the EU Cyprus-based indie gaming company Apella Games has won a major battle against tech giant Apple Inc., which tried to block the startup from registering its name and logo with the European Union Intellectual Property Office (EUIPO), claiming the mark was visually, […]
Prospectacy: Cyprus can emerge as a regional Center of Data and Digital Entrepreneurship
Interview: Vasilis Zertalis – CEO of Prospectacy LTD In which areas of economic activity does Prospectacy emphasize and what do companies demand from professional service providers in Cyprus? Prospectacy is a specialist firm that provides high-level advisory services to businesses and individuals from abroad on personal and corporate taxation, transfer of corporate headquarters, real estate […]
Prospectacy is certified as a Great Place to Work®
The services sector continues to “expand” its presence in the Great Place to Work® community. Prospectacy has successfully completed the evaluation process as a Great Place to Work®, with the results of the Trust Index© personnel survey confirming the high level of the company’s work culture. In a related announcement, the General Manager of Great Place […] -
Blog
CYPRUS as a Principal Headquartering Destination
The list of large companies that have relocated their headquarters or part of their international operations to Cyprus is not only long but also impressive. Wargaming, Amdocs, Sykes, Thomson Reuters, Nielsen, 3CX, eToro, NCR, VTTI are amongst some of the major foreign companies that have established their headquarters in Cyprus in recent years. These companies […]
Business Relocation Services to Cyprus
The importance of location in business should never be overlooked. While the right location can present your business in a positive light, an inconvenient or unfavourable location could negatively impact your potential income, increase your expenses and compromise your business’ prospects for growth. Benefits of Relocating to Cyprus Strategically Situated Cyprus is an extremely favourable […]
The Role of Technology in Wealth Management
Written by Sergey Babayan – Senior Business Consultant at Prospectacy LTD Technology has long had a role in the business of wealth management; however, historically its role was to support the internal needs of wealth managers in areas such as portfolio management and accounting.Since 2010, we have witnessed a significant revolution in the application, flexibility and deployment […]
The Future of Wealth Management
Wealth management is a complex industry that is currently facing numerous trends, challenges and disruptions,including technological advancements, ultra-high-net-worth individuals and growing compliance costs.New technologies, fee structures and the entry of bigtechs are influencing the industry like never before. As theindustry evolves, wealth managers must stay ahead of the curve in order to remain attractive to […]
Does Negative Interest rate limit the Economic Balance?
Since the global economic crisis of 2008, the developed world has observed an unexpected period of low-interest rates. Interest rates are directed by a nation’s or a union’s central bank and are considered as a primary tool of monetary policy, that encourages employment, investments and therefore inflation levels. Economists call a balanced interest rate price, […]
Casino and Gambling Industry in Cyprus
Starting with an industry overview, casino itself is supposed to be a great opportunity for the market. Gambling industry in Cyprus attracts different levels of society because of its freedom to spend as little money as you want. Yet, what is the secret of online gambling success and its influence on the economy? There are […] -
Articles
How Trademarks Empower Businesses in the Digital Era
Yanna Raevskayia – Head of Legal at Prospectacy LTD In the digital era, registering trademarks is of paramount importance, especially for small businesses and new entrepreneurs, as they play a crucial role in protecting a company’s brand and intellectual property. Registering trademarks is a strategic step for small enterprises and startups to safeguard their brand […]
Attracting Foreign Investment remains key to a Sustainable Development Model
Vasilis Zertalis – CEO of Prospectacy LTD The emergence of Cyprus in recent years as a competitive business center in no way allows for complacency. On the contrary, experience teaches us that through attracting foreign investments we should build a sustainable development model that can cope with crises over time. In the highly competitive environment that […]
The Creation of a Sustainable Development Model is more necessary than ever
Yanna Raevskaya – Legal Department Manager at Prospectacy LTD In recent years, Cyprus has embarked on an effort to diversify and expand the productive base of its economy, with the aim of creating a resilient and sustainable development model. The multiple crises facing the country (inflation, energy, adaptation to the post-COVID era) make it necessary […]
Cyprus as a Top Destination for Headquartering
Sergey Babayan – Senior Business Consultant at Prospectacy LTD The list of large companies that have chosen to relocate or part of their international operations in Cyprus is not only long, it is also impressive. Wargaming, Amdocs, Sykes, Thomson Reuters, Nielsen, 3CX, eToro, NCR, VTTI are among the major foreign companies that have established headquarters […]
Cyprus has a lot to gain from absorbing labor from Ukraine
Vasilis Zertalis – CEO of Prospectacy LTD Due to its geographical location, Cyprus has always been a destination for hosting people who were forced to leave their countries due to war conflicts. For example, after the civil war in Lebanon and the Yugoslav wars, Cyprus hosted people and absorbed labor from the affected countries. Many of them […]
The Regulation of the use of Cryptocurrencies is Necessary
Vasilis Zertalis – CEO of Prospectacy LTD Cryptocurrencies have infiltrated our financial vocabulary, leading even citizens who had never dealt with investments to devote part of their income to them. According to data from the International Monetary Fund (IMF), there are currently more than 8,000 active cryptocurrencies, with a total of $2.5 trillion in cryptocurrencies and coins being […]
Key to Sustainable Development is Headquarters
Vasilis Zertalis – CEO of Prospectacy LTD One of the most important achievements of Cyprus in recent years is its establishment as an attractive destination for headquarters of companies from abroad. Organizations with huge, by Cypriot data, turnover and displacement, such as Wargaming, eToro, NCR, 3CX, AMDOCS and UTX, among others, have chosen Cyprus as their […] -
Press Release
Prospectacy Proudly Ranked 2nd in Cyprus Best Workplaces™ 2024
These are the companies distinguished as Cyprus’ Best Workplaces™ 2024 The 20 companies that make up Cyprus’ Best Workplaces™ 2024 have been announced by Great Place To Work® Cyprus with the slogan “Bank of Cyprus Spotlights the Cyprus’ 2024 Best Workplaces™ List by Great Place To Work® “. The list separates the distinguished companies into 3 categories based on […]Best Workplaces™ for Women the new institution of Great Place To Work® Cyprus
This is an institution that has been adopted in many countries where Great Place To Work ® is present. The Great Place to Work® institution is being upgraded and developed, with the adoption of Best Workplaces for Women™. This is a new certification that will be received by businesses that meet specific criteria in terms of equality. In particular, candidates to receive […]Apple loses trademark battle that it probably shouldn’t have started
Apple has lost a trademark battle with Cypriot developer Apella Games. Apple claimed that customers would be confused, possibly mixing the two companies up or thinking that they were linked in some way. Apple claimed that Apella Games was visually, phonetically, and conceptually similar, according to a report. But the European Union Intellectual Property Office […]Cypriot video game company wins trademark battle against Apple
Apple sought to block Apella Games from registering name and logo in the EU Cyprus-based indie gaming company Apella Games has won a major battle against tech giant Apple Inc., which tried to block the startup from registering its name and logo with the European Union Intellectual Property Office (EUIPO), claiming the mark was visually, […]Prospectacy is certified as a Great Place to Work®
The services sector continues to “expand” its presence in the Great Place to Work® community. Prospectacy has successfully completed the evaluation process as a Great Place to Work®, with the results of the Trust Index© personnel survey confirming the high level of the company’s work culture. In a related announcement, the General Manager of Great Place […]
The Impact of the Foreign Investor on the Limassol companies
In cooperation with IMH, Prospectacy proudly participated as the Main Sponsor at the 2nd Limassol Business and Investment Summit in Limassol, Cyprus. This event presented a wealth of information attempt to map the future of retail in Limassol. The main trends, challenges, and opportunities faced by retailers were in focus. Significant impetus is also recorded in […]
Τον Μάιο η ανάδειξη των «Cyprus’ Best Workplaces™ 2022»
Τον Μάιο η ανάδειξη των «Cyprus’ Best Workplaces™ 2022» Τον προσεχή Μάιο αναμένεται η ανάδειξη των Cyprus’ Best Workplaces™ 2022, σύμφωνα με ανακοίνωση που εξέδωσε το Great Place to Work®, επεξηγώντας με ποιο τρόπο θα γίνει η διαδικασία επιλογής των εταιρειών που θα αναγνωριστούν και θα διακριθούν για το εξαιρετικό εργασιακό περιβάλλον που προσφέρουν. Ειδικότερα, υποψήφιες […] -
Interviews
Prospectacy: An example of equal treatment of its staff
Despite the fact that the principle of equal pay has been institutionalized for decades, the gender gap remains wide, with little improvement in recent years. On average, in the European Union in 2021 women’s gross hourly earnings were 12.7% lower than men’s per hour worked. In Cyprus, this figure rose to 9.7%, however, the country […]How a Cypriot company, Apella Games, beat Apple.
Interview with Yanna Raevskaya, Head of Legal at Prospectacy Ltd who handled the case Apella Games, a Cyprus-based video game development startup, recently won a major commercial battle against global technology behemoth Apple Inc. In an interview with Digital Tree, Yanna Raevskaya, head of the legal department at Prospectacy Ltd, which handled the case, explained the reasons why Apple […]Prospectacy: Cyprus can emerge as a regional Center of Data and Digital Entrepreneurship
Interview: Vasilis Zertalis – CEO of Prospectacy LTD In which areas of economic activity does Prospectacy emphasize and what do companies demand from professional service providers in Cyprus? Prospectacy is a specialist firm that provides high-level advisory services to businesses and individuals from abroad on personal and corporate taxation, transfer of corporate headquarters, real estate […]
V. Zertalis: The Headquarters Component of our Economy
In the highly competitive environment that has been created internationally due to the successive crises, attracting foreign investment remains key to the recovery of the economy and a necessary element for the creation of a sustainable development model, explains the CEO of Prospectacy, Vassilis Zertalis. In his interview with InBusinessNews, Mr. Zertalis emphasizes in this regard that […]
Hosting Professionals from Ukraine and Russia
interview: Vasilis Zertalis – CEO of Prospectacy LTD Individuals or companies escaping the war in Ukraine who choose Cyprus as their next destination will not only find protection and work. Many of them will be able to offer valuable experience and expertise to our country’s growing tech sector, says Vasilis Zertalis, CEO of the business […]
The Implications of AML 6 Directive (6AMLD) – Prospectacy LTD explains
Money laundering is a global issue that has the potential to undermine the integrity of any business, as well as the financial sector as a whole. The estimated amount laundered annually is between $800 billion and $2 trillion (UNODC, 2019) – a staggering figure demonstrating the severity of the issue. As technology evolves at a […]
Vasilis Zertalis: “So Far, So Good”
Smaller companies in the professional services sector can now take advantage of their flexibility and adaptability, says the CEO of Prospectacy.Last month, the New York Times published an article about Cyprus in which Vasilis Zertalis, CEO of the corporate services provider Prospectacy was quoted extensively. His optimistic outlook for 2014 and the firm’s expansion plans […]
Russians Return to Cyprus, a Favorite Tax Haven
NICOSIA, Cyprus — When the Cypriot government forced bank depositors — many of them Russian — to pay their share of an international bailout last spring, Vasilis Zertalis’s phone started ringing. The companies his consultancy helps incorporate on this breezy Mediterranean island — many of them Russian, too — wanted to know how quickly they […]
As Banks in Cyprus Falter, Other Tax Havens Step In
Vasilis Zertalis – CEO of Prospectacy LTD LIMASSOL, Cyprus — Bloodied by a harsh bailout deal that drives a stake through the heart of this Mediterranean country’s oversize financial industry, Cyprus now faces a further blow to its role as an offshore tax haven: the vultures from competing territories are circling. With a flood of […] -
Podcast & Videos
Podcast: Prospectacy brings “permanent tourism” to the island by relocating foreign companies
Vasilis Zertalis – CEO of Prospectacy LTD Opens up about what’s going on at Prospectacy in the podcast talk. How did he face the pandemic and how did he manage to turn the crisis into an opportunity! As Prospectacy said, it promotes “permanent tourism” through the relocation of foreign companies to Cyprus, thereby contributing to […]
Video: The advantages of Cyprus as an Investment Destination
Yanna Raevskaya – Legal Department Manager at Prospectacy LTD As the main sponsor in cooperation with IMH at the 2nd Business and Investment Summit, Yanna Raevskaya, describes on InBusiness TV, How Cyprus managed to remain a competitive investment destination during the pandemic.