Maxima Legal, together with partners from Athens (Corporate Deals) and Cyprus (Stelios Americanos & Co.) accompanied the acquisition of the hotel and land on Crete island (Greece) to create the new modern 4* hotel.

Commercial closing took place on Thursday, July 7th and was successful. In addition to the purchase of the objects, simultaneously the transactions on the renovation of the existing hotel and construction of new buildings, as well as the rental and operation of the new hotel for 5 years were closed. In addition, we have structured and implemented the corporate tax and tax models for financing the above transactions, as well as of owning and operating the hotel. We thank our colleagues and partners for the good work!

“It shall be noted a growing interest in the purchase of the tourist objects in Greece as from a part of the Russian citizens and (increasingly) from the Chinese, and the English citizens. The dynamics of development of the tourism industry in Crete and Greece in general are very positive and, given the low property prices and services in Greece, such projects can show a good margin in the range of 10-12% per year on investments” - said Vladimir Kilinkarov, head of the project legal team, the partner of Maxima Legal.

Last weekend Maxim Avrashkov, managing partner of law firm Maxima Legal participated in a strategy session of Leaders Club in St Petersburg and Leningrad Region.

During dynamic two-day strategy session members of Leaders Club developed key principles of business alliance for St Petersburg unit. In the second part of the event the presentation of a few projects that would be implemented with participation of Leaders Club took place.

Oleg Grinko, a member of the professional community of directors “Direktorium”, Chairman of the Board of Directors of ZAO “Sberinvest” (ZAO “Upravliaiushchiia kompaniia “Sberezheniia I investitsii”) took part in the strategic session of the Club. He spoke about management system in Tavrida Electric.
Dmitri Yalov, Deputy Chairman of the Government of Leningrad Region – Chairman of the Committee for Economic Development and Investment Activity, Julia Ludinova head of the project office of the Administration of St Petersburg were also guests of the event. Representatives of state executive bodies (SEB) spoke about principles of project management implemented in the regions and project offices created, designed to improve the investment climate of Leningrad Region and St Petersburg.

Summing up the strategic session the regional coordinator of Leaders Club Vyacheslav Traktovenko thanked all members of the Club for productive work and noted the importance of such event for St Petersburg unit. “We conduct the strategic session already for the second time and today we can confidently say that we have performed really a lot from the things planned in 2015. Not all goals set last summer have been achieved, but we will make maximum efforts to overcome all obstacles on our way.”

As part of practice Private Wealth experts of Maxima Legal together with international partners advise a private client conducting business in the area of agro-tourism and real estate in different jurisdictions on issues of international tax planning. In this case, our company is developing the structure of the clients ownership of the assets referred by the client (real estate objects, financial assets and so on) for the purpose of optimization of these assets taxation taking into account interests of the client and requirements of applicable legislation of Russia, Austria, Romania and Malta.