Post-release of the webinar “Cyprus in detail: Cypriot companies for holding, operating and investment”
23 January, 2025
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Interlegal successfully held an international webinar “Cyprus in detail: Cypriot companies for holding, operations and investments”. The event gathered dozens of participants not only from Ukraine but also from Kazakhstan, Azerbaijan, Moldova, Georgia and Bulgaria.
The webinar was a great opportunity for business community to get comprehensive information about work specifications in the Cypriot jurisdiction (e.g., tax aspects and investment climate) and to ask experts the relevant questions from their own experience. Dmytro Bondar, Interlegal associate attorney, revealed the tax advantages of Cyprus for holding structures and operating activities, supporting his theses with relevant cases of restructuring international trading business. In addition, he highlighted specifications of loan issuance, mentioned the transfer pricing rules and double taxation avoidance mechanisms, as well as shared examples of restructuring and closing loan obligations.
Alyona Remenyak, head of Interlegal Cyprus Office, shared with the audience specifications of bank compliance in Cyprus and provided practical advices on how to open and maintain accounts efficiently and worki smoothly with local banks. She emphasized the requirements of Cypriot banks to companies and beneficial owners, the importance of physical and economic substance, certain nuances of applying the Unshell Directive 2021, and listed the main “red markers” for compliance officers.
Serge Polivar, Founder and CEO of SPM Estate, spoke in detail about investments in Cyprus real estate, starting from choosing a property for investment and up to taxation issues. The expert outlined the current state and prospects of the local real estate market and offered the audience interesting options for investment. He also paid special attention to specifications of purchasing real estate in order to obtain permanent residence in Cyprus.
If you were unable to join the webinar online, you can still watch the recording. We still organize relevant events upon important business themes, while Cyprus will once again be in the focus of our attention as one of the most favorable European jurisdictions with ample opportunities for effective management of holding structures, capital protection and profitable investments. Stay tuned for announcements so you do not miss out!