The last event of the BEST INVEST Congress was dedicated to problems and mistakes of foreigners who relocate to Cyprus with investment or working purposes. In the seminar format, the following subjects were discussed: Bank accounts and international transactions: theory and practice; Conflict of the immigration status and source of income; Declaration of investment and business income and payment of taxes in Cyprus and the country of origin; Entrepreneurship without violating Cyprus and international laws; Favorable tax scenarios. The content…

This working meeting brought together business leaders who aim to develop business cooperation between Cyprus and MENA countries. Together with experts, the participants discussed the prospects for strengthening existing ties and creating new ones, as well as an opportunity to create a permanent operating platform for new acquaintances and joint projects discussions. Panelists: Abdelaziz Ghellal, Director, Galleon Shipping, Algeria. Representative of the African Union, which unites 55 African countries; Odysseas Melikides, CEO, M. Target Group, an active participant in the…

The last few years the island has been making significant strides in its quest to becoming a source of internationally relevant, disruptive, scalable innovation. The evidence shows an upwards trend in fundable» innovation and the momentum within the ecosystem is pointing toward specific areas of potential interest. It will attract more private, institutional and corporate venture capital. This also changes the role and the range of activities of investment funds in Cyprus. Philip Ammerman moderated this session with three seasoned…

What improvements and changes have to be made to transform Cyprus «into Singapore of the Mediterranean»? Petr Valov CEO of Exness mentioned this term (introduced by Cyprus president George Vassiliou in the 80s) during the discussion of BEST INVEST Congress. Four panelists shared their opinions. Challenges, risks, and strategy Marios Demetriades, former minister of transport, communications, and public works told participants that the government had been addressing some of the issues and admitted that much more needs to be done.…