TAX CORPORATE SERVICES ACCOUNTING

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Margery Fowler
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3 TAX CORPORATE SERVICES ACCOUNTING At Savva & Associates, our vision is to be the premier Professional Services provider in Cyprus. Since 2010, we have been the fastest-growing professional services provider in Cyprus. We are acknowledged as the leading service provider in our field as a result of having one of the strongest technical teams on the island, adopting a service-minded approach unseen among our competitors, and being the most cost-efficient Tier-1 provider in Cyprus. Our team of highly experienced qualified chartered accountants and lawyers work with clients and their advisors to establish and administer Cyprus structures to the highest level of international standards. We ensure that corporate structures contain the appropriate level of substance, and that all risks are clearly identified and communicated.

4 OUR GROUP Savva & Associates, being a Cyprus Securities and Exchange Commission licensed fiduciary and corporate services providers on the island, is engaged in the fields of taxation, corporate administration, accountancy, fiduciary, investment fund licensing and administration, international trusts, special-license companies and business advisory services based in Cyprus. We have built a reputation as being one of only a handful of Cyprus firms outside the BIG4 with the technical capabilities to provide clients with high-level Cypriot tax and VAT advice. Our Partners To provide our clients with the most comprehensive level of professional service possible, Savva & Associates has partnered with a dynamic law firm and audit practice, all centrally headquartered in Nicosia, Cyprus. Our common philosophy is our strong commitment to place our clients first and to offer unparalleled service delivery; coupled with the expertise of accomplished professionals. S. Evangelides & Partners LLC, being a licensed Law Firm offering a full range of legal services with a particular focus on corporate, commercial, tax, intellectual property and trusts law matters. The Firm has received several awards, recognizing law firms and lawyers around the world who stand apart for their excellent customer service. Our people stand apart from our competitors, all sharing the principles of integrity and dedication to offering unparalleled client service, responding quickly and going the extra mile in servicing the needs and goals of their clients worldwide. S&V Audit Services, being a licensed Audit Firm headed up by ex-big4 chartered accountants with extensive experience in accounting, tax, audit, compliance and corporate administration. The firm s focus is on attention to detail, delivering exceptional service and establishing strong business relationships built on trust and a sterling reputation. With experts in multiple disciplines including taxation, accounting, audit, law, and investment fund management who focus on delivering exceptional service, Savva & Associates has earned a reputation as Cyprus premier tax and corporate services provider, delivering cost-effective advice and direction for clients with interests in Cyprus and abroad. We also work with many of the world s largest international legal and accounting firms, including BIG4, to provide reliable and timely Cypriot and international tax advisory services, and also facilitate all aspects of the formation and ongoing administration of Cyprus structures.

5 OUR SERVICES Our expertise in an international business environment enables us to offer a comprehensive set of services specifically targeting professional intermediary firms, and individually customised solutions that can be tailored to any specific need. Our broad range of services ensures that no additional costs are incurred in engaging numerous parties in the formation and ongoing administration of Cypriot entities. Our services include: International Tax Planning Cypriot Tax and VAT Planning Company, Trust, and Special-License Company formation Public and Private Investment Fund services Cyprus Investment Firm formation Trustee and Representation services Company Secretarial services Financial Management and Accounting Financial Reporting and Tax compliance Office solutions and comprehensive substance services Investor Immigration Services including the Cyprus Investment Programme

6 why cyprus? Advantages of Cyprus Cyprus remains a leader amongst international tax planning jurisdictions. Thousands of Cyprus companies are formed each year by foreign investors, exceeding that of any financial center in Europe. Cyprus combines a convenient location amongst three continents, low tax rates, financial stability and credibility as well as a wide network of international treaties for the avoidance of double taxation. European Member State Cyprus has been a full member of the European Union since May 2004 and member of the Eurozone, fully adopting the Euro as its currency since Cyprus-based businesses have full access to EU markets with all the privileges this entails. The Cyprus Investment Programme In recent years, the Cyprus Investment Programme (CIP) has become, available to investors in Cyprus by Exception pursuant to the Decision of the Council of Ministers dated 13th September 2016, as amended in May 2018 issued as per Article 111A(2) of the Civil Registry Law 2002, of the Republic of Cyprus (the Law ). Recent revisions to the Programme have made it one of the most attractive globally. By virtue of this Law, the Council of Ministers of Cyprus may grant citizenship by naturalisation to foreign entrepreneurs who decide to invest in Cyprus. Additionally, the Law provides for the granting of Cypriot citizenship to the spouse, children as well as parents of the investor on the basis of the CIP. Tax Benefits Cyprus is consistently ranked as the most attractive European tax regime by major business organizations and tax professionals across Europe. Cyprus has been commended for the stability of its tax law, the consistency in interpreting its tax legislation, its low tax rates, and its extensive network of highly favorable double tax treaties. The Cyprus holding company regime is widely acknowledged as one of the most favorable in Europe. Infrastructure Benefits Cyprus maintains a highly professional workforce to provide support to international business. The accounting, legal and banking sectors are well developed with excellent telecommunication facilities. The island enjoys a high standard of living, within a stable and safe environment. Legal System Cyprus has a well-functioning legal system based on principles of common law and equity established through historical links with the United Kingdom. The origins of Cyprus company law and other laws regulating business are traced back to the laws of the UK, updated for 21st century business practice and harmonized with European Directives. The familiarity of the legal and commercial systems assists international business people in working within the Cypriot commercial environment. English is spoken universally and is the accepted language of business.

7 FREE EXPERT CHECK We are happy to provide high-level guidance from our tax and legal experts when considering the use of a Cypriot entity in an international structure. We will give our initial comments free of charge or any obligations.

9 75 Prodromou Avenue, 1st Floor, 2063 Nicosia, Cyprus Office: Telefax:

1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n!

1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n! CONTENTS Cyprus Facts 02 About our firm 03 Our services 04 Citizenship 05 PR VISA 06 TR VISA 07 CY Company 08 While in Cyprus 11 CYPRUS