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!

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Sherman Snow
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1 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!

2 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 FACTS 2 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!

Overview Cyprus is a well-developed country that

Surrounded by three continents, Europe, Asia and

and individuals can enjoy travel as well as business

The climate of Cyprus is considered to be among the

characterized by its cosmopolitan touch and high

European Cyprus, a modern destination for all people

economic stability of the country create the feeling

3 Overview Cyprus is a well-developed country that enjoys a perfect geographical location. Surrounded by three continents, Europe, Asia and Africa, it rises up the fact that business people and individuals can enjoy travel as well as business opportunities the country is offering. The climate of Cyprus is considered to be among the best in the world, while the life in all cities is characterized by its cosmopolitan touch and high standard facilities. European Cyprus, a modern destination for all people offers great business opportunities as well as company taxation advantages. The safe environment, along with the political and economic stability of the country create the feeling that Cyprus is a unique and ideal business and residential destination. 340 SUNNY DAYS EURO CURRENCY 1.2 m POPULATION EU MEMBER 1 ST SAFEST COUNTRY IN <5M POPULATION STABLE POLITICAL ENVIRONMENT 3 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!

4 About our firm Forsat is an international prestigious firm located in Cyprus offering a range of services to its reputable clients. The company is registered in the Republic of Cyprus with Registration No. HE Additionally, Forsat Advisory & Associates Ltd is a member of various Business Associations in Cyprus. Our office is ideally located in Nicosia business centre in Makariou Avenue. The primary services offered are citizenship by investment, residency schemes and corporate services. The firm s primary target is to offer the best possible solutions at the best possible price. That is why a tailor-made package for every individual is what we recommend. Forsat was established on the premise of delivering value to its customers, and this has been our goal through the years. With this goal in mind, we aim to expand our business relations and associates in various economic sectors to ensure that we can cater to our customer needs. FACTS ABOUT US Almost 2 decades in local and international business Well worth local and international associates Fast and accurate result Trust and secrecy Large number of satisfied clients Well established brand name Most services under one roof 4 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!

OUR SERVICES Our group of associates consists of experienced auditors, Cypriot lawyers, tax planning experts and business advisors for accomplishing successfully the services below.

5 OUR SERVICES Our group of associates consists of experienced auditors, Cypriot lawyers, tax planning experts and business advisors for accomplishing successfully the services below. Having a 2 nd passport or obtaining permanent residency in the European part of Cyprus is always a tricky procedure. Forsat & Associates provides the best possible solutions with competitive fees in accordance with the client demands for citizenship and residency schemes for Cyprus. Forsat is specializing in providing assistance on company formations in a number of jurisdictions as well as provision of fiduciary and other relevant services. Our experienced team of professionals can assist you through the process of registering a Company in Cyprus or in other jurisdictions. The latest department of the firm is as we call it While Living in Cyprus planning department. Our customers while are coming to Cyprus for either business reasons or for reside in the island they do arrive with their families. They do require specialized services. As an office we are able to simplify these types of needs and being next to our client. OUR AREA OF EXPERTISE Citizenship by investment schemes Cyprus permanent residency Investment planning within Cyprus While Living in Cyprus Cyprus company incorporation Accounting and auditing 5 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!

Cyprus Permanent Residency scheme The Cyprus PR program offers non-eu nationals guaranteed permanent residency within 1 to 2 months through a real estate investment of 300,000.

This scheme lets all the nationalities obtain PR in Cyprus without language proficiency, education background and medical tests.

6 Cyprus Permanent Residency scheme The Cyprus PR program offers non-eu nationals guaranteed permanent residency within 1 to 2 months through a real estate investment of 300,000. PR applies to the investor, spouse and dependent children up to age 25 and the parents of the applicant and spouse. This scheme lets all the nationalities obtain PR in Cyprus without language proficiency, education background and medical tests. FINANCIAL CRITERIA: Purchase a new residential Property with the value of at least (+VAT) Provide a declaration with supporting documentation of a secured annual income from a legitimate source, driving from outside Cyprus. The minimum annual income per applicant is ( for every dependent person spouse and children and for every dependent parent or parent-in-law) A statement of deposit must be provided showing a 30,000 minimum deposit in a Cypriot bank account of the applicant, which will be locked for a period of 3 years. After the expiration of this period the money will be released without restriction. OVERVIEW OF THE PROGRAM TIME TO PR 2 Months TIME TO CITIZENSHIP 7 Years ELIGIBILITY All Nationalities RESIDENCY REQ. 1 Day every 2 years FAMILY Investor, spouse, dependents up to age 25 & parents TAX CONSEQUENCES None 6 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!

CITIZENSHIP BY INVESTMENT IN CYPRUS Cyprus is a very well respected European member state in eastern Mediterranean.

Cyprus Government has established a number of incentives to attract foreign direct investment into the country.

One of these is a citizenship-by-investment program that grants full Cypriot citizenship to those that invest more than EUR 2

Successful applicants gain the right to live, work and study in all 28 EU member countries.

7 CITIZENSHIP BY INVESTMENT IN CYPRUS Cyprus is a very well respected European member state in eastern Mediterranean. The country is a major hub for international trade and Cyprus is a full EU member country. Cyprus Government has established a number of incentives to attract foreign direct investment into the country. In 2017, the Government of Cyprus made changes to the citizenship-by-investment program in Cyprus. One of these is a citizenship-by-investment program that grants full Cypriot citizenship to those that invest more than EUR 2 million in real estate and who meet certain other requirements. Successful applicants gain the right to live, work and study in all 28 EU member countries. PROGRAM OVERVIEW TIME TO CITIZENSHIP 3 Months DUAL CITIZENSHIP Permitted RESIDENCY OR LANGUAGE REQ. None TAX CONSEQUENCES None EXIT STRATEGY ELIGIBILITY All Nationalities 3 Years FAMILY Investor, spouse, dependents up to age 28 & parents of main investor VISA-FREE TRAVEL 152 Countries 7 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!

8 FINANCIAL CRITERIA: Eligible persons who meet one of the following financial criteria may apply for the acquisition of the Cypriot Citizenship: Investment in real estate, land development and infrastructure projects of at least 2m Investment in financial assets of Cypriot companies or organizations of at least 2m Investment in Alternative Investment Funds or financial assets of Cypriot companies/ organizations that are licensed by the Cyprus Securities and Exchange Commission of at least 2m Combination of the above criteria, which can also include investment in government bonds of up to CYPRUS CITIZENSHIP BENEFITS Work and Study Travel work 100% Cyprus Visa free for with NO and study in all shareholder in a Passport 152 countries restrictions Europe company ranked 14 th in the world 8 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!

9 CYPRUS COMPANY Cyprus is considered as an established, trust-worthy and reputable business and financial centre. The Island currently presents a number of opportunities to international investors and business people. The Republic of Cyprus became a full member of the EU on May 1st, On 1st January 2008 Cyprus joined the European Union and adopted its official currency the Euro. Cyprus Companies are taxed at the flat rate of 12,5% on their taxable income. Wide network of Double Tax Treaties EU Directives are available Strong political and economic relations with the major economies of the World such as the Russian Federation, China, India, USA and the UK. Excellent Accounting, Legal and Banking Services The main structures useful to the investors who are willing to invest to Cyprus or through Cyprus are the following: The Cyprus Holding Company Finance Company Intellectual Property Company Trading Company ADVANTAGES OF CYPRUS COMPANY 12,5% corporate tax on trading profits No withholding tax on outward payments(dividends-interest-royalties) No participation exemption and no holding period exists. No CFC rules No thin capitalization rules 9 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!

Capital gains from the sale of immovable property situated outside Cyprus is tax exempt Taxable losses carried forward indefinitely; from 2012, a temporary

period of five years from the year to which the profits relate.

re-organizations (cross border permitted) Foreign PE profits exempt Tax free corporate re-domiciliation permitted Possibility for establishing an SE (European

company Secure destination for holding of investments, assets, intellectual property etc.

10 Capital gains from the sale of immovable property situated outside Cyprus is tax exempt Taxable losses carried forward indefinitely; from 2012, a temporary limitation of five years is introduced in the tax system under which, losses will be allowed to be carried forward for offsetting future taxable income, for a period of five years from the year to which the profits relate. Capital gains on sale of securities: 100% exemption unless immovable property in Cyprus is involved Group relief availability (75% holding) Tax free re-organizations (cross border permitted) Foreign PE profits exempt Tax free corporate re-domiciliation permitted Possibility for establishing an SE (European Company) Applicability of all EU directives Extensive Double Tax Treaty network Advance ruling practice exists Easy to open bank account worldwide on the Cyprus company Secure destination for holding of investments, assets, intellectual property etc. Modern banking & legal system EU Member Pro-business Government English speaking workforce HIGHLY FAVORABLE TAX REGIME 12.5% 2.5% 0% 0% 0% Corporate Tax rate Intellectual Property Tax Rate Tax on sales or shares Tax on dividends to shareholders Inheritanc e tax Over 50 countries DTT 10 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!

Accounting, Audit & Assurance, Taxation Our experienced accounting, Auditing and technical staff along with associates can perform day to day support in the preparation of accounting records in

11 Accounting, Audit & Assurance, Taxation Our experienced accounting, Auditing and technical staff along with associates can perform day to day support in the preparation of accounting records in accordance with the relevant regulatory body requirements as well as international finical reporting standards. Our services include: ACCOUNTING Maintenance of the general ledger Reconciliation and analysis of bank accounts Preparation of management accounts and other reports Conversion of overseas GAAP accounting records to IFRS accounting records AUDIT & ASSURANCE Assistance in the preparation of Financial Statements in accordance with international Financial Reporting Standards (IFRSs) Issuance of Audit reports in accordance with International Standards on Auditing (ISA) Assistance in the preparation of Consolidated Financial Statements in accordance with IFRSs Evaluation of internal controls and procedures and reporting on any deficiencies TAXATION Personal & Corporate Tax Services Registration with the Cyprus Tax Authorities Preparation and submission of tax computations and returns Obtain Tax Residency Certificates and Double Tax Treaty Certificates Liaise with the Cyprus Tax Authorities on any matters or disputes which may arise. INTERNATIONAL TAX PLANNING Use of Cypriot and other jurisdictions companies in multinational tax structures Use of Double Tax Treaty provisions on capital movement, fees collection, royalties, interest and dividends. Obtain tax rulings from the Commissioner of Income Tax to ensure the effective use of companies within group structures. 11 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!

12 While living in Cyprus Create a friendly environment for the client It is a customer-oriented department introduced by our office. We tried to develop a personal approach towards our clients through the daily routine while we manage their basic technical services. Working with international clients for many years and gaining experience, we concluded that, clients mostly need help in small details for the everyday living. For instance, how they will get along during their stay in Cyprus, rather than provide to them information that are too technical and not been very useful while living in Cyprus. Customer satisfaction is a matter of foremost importance to us. Our target is, the client to be happy even after we finish our engagements and the technical assistance. With the goal of maximizing customer satisfaction in mind our firm established a professional network based on accommodation, educational institutions (schools, colleges, Universities) for children and adults, guidance and providing information for the basic needs of the clients and also for medical insurance policies. For more information, you can visit our website and as well as and read in detail about these customer-oriented services in 4 different languages Greek, English Farsi and Arabic. Our services Find a suitable accommodation for rent or purchase (Not from specific developer). Home for each and every individual is a matter of great importance. Facilities of the house should match the client s needs. Our experience justifies the fact that the location of a house or business, plays a major role for the everyday satisfaction of the client. It should match with the ideal for the clients location. Medical insurance assistance Basic medical insurance is required by the migration. However, clients might need extra medical insurance in order to cover fully their needs and feel secure for their own medical issues. Our office is working with the reputable insurance providers in Cyprus and France. 12 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!

Assisting in Transportation. In Cyprus the main transportation is a private car with the option to hire or buy.

Banking system is an important factor for both investors and business people.

the world to apply and continue their education in a safe and disciplined country. Education is the number one matter that troubles families going abroad.

13 Assisting in Transportation. In Cyprus the main transportation is a private car with the option to hire or buy. For both options we can provide solutions through well-established associates in the island. Assist in bank issues and explain how banking system works. Banking system is an important factor for both investors and business people. Apart from the fact that our company can assist in bank account opening, we remain at your disposal to assist you in safe everyday interaction with your bank to avoid making costly mistakes in both time and money. Educational services There are numbers of well-established educational institution from Primary school to universities and medium to luxury facilities, which give the chance to everyone from all over the world to apply and continue their education in a safe and disciplined country. Education is the number one matter that troubles families going abroad. Our office manages to become an official representative for almost 90% of the educational institutions in Cyprus in order to be able to provide these services to clients. Assisting clients to choose the right education center based on their needs Assisting in documents preparation before or after arrival Assisting in accommodation (dormitory or private accommodation) After arrival services for the students including Airport pickup, Medical tests, Bank account, Utility procedures (Electricity or water authorities) varies from country to country. We can make necessary arrangements on behalf of the client prior to their arrival to avoid any inconvenience. (if applicable) Assisting in registration and long-term student visa Information about supermarkets, shops, restaurants based on the clients certain requirements, places of interest are some of the information given before or after arrival. Moreover, our team can consult and assist in medical and life insurance which are required from the migration. 13 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!

TAX CORPORATE SERVICES ACCOUNTING

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