|
|
| Overview |
 |
 |
Date:
Monday 30th June
Venue:
London Stock Exchange
Cyprus has always played a major role as a trading and business centre due to its strategic location at the crossroads of three continents.
The implementation of wide-ranging structural reforms has led to the creation of new business opportunities for dynamic investors.
The island is, today, the European Union’s south-easternmost outpost, boasting a healthy economy, a favourable tax regime, an advanced commercial infrastructure, a conducive business environment, a liberal investment regime and a highly qualified manpower.
|
Speakers
|
|
Antonis Paschalides, Minister of Commerce, Industry & Tourism
Phidias Pilides, Chairman of the Board of Directors, Cyprus Investment Promotion Agency
Christos Mavrellis, Vice Chairman of the Board of Directors, Cyprus Investment Promotion Agency
Robert Thompson, First Deputy Managing Director, Unicom Management Services (Cyprus) Ltd
Sir Stephen Wright, Chief Executive, International Financial Services London
|
|
|
Cyprus has developed into a bridge of cooperation and may be used not only as an effective jurisdiction for routing investments within the European Union by third country investors, but also as a portal for investment outside the European Union, particularly into the rapidly growing economies of Central and Eastern Europe, India and China. It is not therefore surprising that Cyprus is considered as ‘the gateway of Europe’.
Furthermore, Cyprus is rapidly emerging as one of the most favoured holding company jurisdictions worldwide. Especially since joining the European Union, the island has become one of the most attractive locations for the setting up of holding companies. The wide network of Cyprus’ double taxation treaties, and other international investment agreements, enables multinational corporations and international enterprises active in cross-border business activities to increase considerably their returns on investment, by using the Cyprus holding company structure in their international tax planning activities.
The island has also developed into a fully-fledged shipping centre combining both a sovereign flag and a resident shipping industry, renowned for its high quality services and standards of safety. A number of fiscal and economic advantages, such as the competitive ship registration costs and annual tonnage taxes, the favourable tax regime for ship management and the low operation costs have further enhanced the image of Cyprus as an international shipping and ship management centre.
Financial Times Global Events in association with The Cyprus High Commission Trade Centre and supported by International Financial Services London, is organising the Conference "Cyprus as an International Business Centre" at the London Stock Exchange on Monday 30 June 2008.
This half-day conference will highlight the numerous comparative advantages which have rendered Cyprus a major hub for international business activities and provide an invaluable insight into the attractive package of tax and other incentives designed to create new investment opportunities in various sectors of the island’s economy.
|
|
|
|
