“To know the laws means to perceive not their words, but their content and meaning”.
Justinian I Byzantine Emperor, issued the code of laws “Code of Justinian” (Codex Justinianus) which is still the basis of civil law in many states
Law company OLGA L. PSHENICHNAYA & CO LLC – a member of Cyprus Bar Association led by the Attorney General of the Republic of Cyprus. The specialization of the company covers all branches of law. One of the main directions of the specialization of the company is the support of commercial activities of legal entities and individuals, in particular, all legal relationships and issues regulated by corporate, tax, land, financial, banking, migration and labor law. One of the many other examples is the transfer of the headquarters of Russian and other foreign companies with their staff to Cyprus and support of their activities (companies of foreign interests).
Due to the high qualifications of advocates, their experience, their knowledge of all laws, procedures, methods of application of the laws in practice and the knowledge and consideration of requirements and wishes of clients, complicated issues are promptly and efficiently resolved, ranging from corporate issues such as minimization of taxes, eliminating receivables and payables, withdrawal of assets or profits, ending with administrative, criminal and civil disputes (judicial and extrajudical settlement) or liquidation and bankruptcy issues (judicial and extrajudicial procedures), such as discovery of a debtor's assets in Cyprus on behalf of a creditor -non resident or a bankruptcy commissioner appointed by the Court of the RF or by a court of another foreign state.
The company provides services in Greek, Russian and English.
AWARDS | RECOMMENDED BY | MEMBERSHIP | PARTICIPATION
MEMBER OF THE CYPRUS BAR ASSOCIATION AND LIMASSOL BAR ASSOCIATION
MEMBER
SWORN ADVOCATE OF THE SUPREME COURT OF THE REPUBLIC OF CYPRUS
World Justice Project (WJP) Rule of Law Index 2026 Qualified Respondent
MEMBER 2026
PUBLICATIONS AND NEWS
Cyprus Introduces a Special Tax Regime for Profits from Crypto-Asset Transactions
On 31 December 2025, Cyprus published Law Ν. 244(Ι)/2025 — the Income Tax (Amending) (No. 4) Law of 2025, amending the Income Tax Law, 2002. The law was published ... 29.04.2026
Rent Payments for Immovable Property in Cyprus Must Be Made Electronically: New Tax Rules as of 31.12.2025
On 31 December 2025, Cyprus published amendments to its tax legislation directly affecting rent payments for immovable property. The new rules introduce two key consequences:
How Tax Payments and Tax Refunds Are Now Set Off in Cyprus: Priority Rules Introduced on 31.12.2025
On 31 December 2025, Cyprus published Law No. 243(I)/2025, titled The Assessment and Collection of Taxes (Amendment) (No. 2) Law of 2025, which amends ...
A DIRECTOR OF A CYPRUS COMPANY CANNOT AVOID CRIMINAL LIABILITY FOR NON-PAYMENT OF TAXES — AMENDMENTS OF 31.12.2025
On 31.12.2025, a rule was introduced which does not allow a director to avoid criminal liability for non-payment of taxes by resigning or being dismissed...... 24.01.2026
Failure to give reasons for refusal to open or closure of bank accounts – Violation of human fundamental right to lawful freedom of expression and information
All the reasons for financial institutions to failure to give any reasons for refusal to open or closure of bank accounts
Advice on current regulatory framework – The CYSEC Directive for the register of crypto asset services providers - The AML/CFT Law - The CySEC directive...