The comparative advantages of Cyprus as a business and investment hub were the focus of the panel entitled 'Doing Business and Investing in Cyprus', which took place as part of the Cyprus–India Business and Investment Summit in Mumbai.
The discussion was moderated by George Michael, CEO of IMH, and featured prominent representatives of the Cypriot legal, tax and business ecosystem. The panel attracted strong interest from the Indian business community, confirming the momentum and prospects of bilateral relations.
Responding to the question about Cyprus' role as a corporate gateway to the EU, Chrysilios Pelekanos (President of the Cyprus-Indian Business Association, & Partner, Head of Indirect Tax Advisory, Head of East Market and Deputy COO, PwC Cyprus) referred to the country's long-term development as an international business centre. As he noted, Cyprus combines a stable institutional framework, Anglo-Saxon law, membership in the European Union and a strategic geographical location, elements that make it a mature and reliable choice for companies seeking international growth and access to wider markets.
Christos Scordis (Senior Partner, Scordis, Papapetrou & Co) referred to the tax and legal dimension of business presence in Cyprus , responding to a question regarding company formation, relocation and headquartering. He stressed that the Cypriot tax system, combined with a clear and predictable legal environment, offers legal certainty, operational flexibility and competitiveness, elements particularly important for multinational and growing businesses.
Andriana Efstathiou (Partner, Frangos Law & Bybloserve Management) focused on the advantages for shareholders and business owners , analyzing the key features of the Cypriot tax framework. As she explained, the non-domiciled status, the absence of inheritance tax, the favorable data for capital gains, the possibility of repatriating income and the utilisation of tools such as trusts, make Cyprus an attractive choice for managing, protecting and preserving wealth.
Referring to the prospects for employees and corporate executives, George Kallinicou (Director, Nobel Trust Ltd) presented the advantages of Cyprus as a place to work and live. He focused on immigration policies, relocation procedures for employees and their families, as well as tax incentives and exemptions offered to executives and tax nomads, enhancing the country's attractiveness for international human resources.
Finally, Marios Menelaou (Partner, L. Papaphilippou & Co LLC) referred to the Foreign Direct Investment Screening Law (FDI Screening), presenting key points that investors and their advisors should be aware of. He emphasised that the regulatory framework aims at transparency, compliance and enhancing the credibility of the investment environment, contributing to ensuring stable and secure investments.
The Conference was organised by IMH, in collaboration with Invest Cyprus.
Sponsors: Bank of Cyprus, Frangos Law / Bybloserve Management, Eurobank, Chrysostomides Advocates and Legal Consultants / C Business Advisors, KPMG, L Papaphilippou & Co LLC Advocates and Legal Consultants, Marfields, Nobel Trust / Ioannides Demetriou, PwC, Scordis Papapetrou & Co, K. Treppides & Co Ltd
Exhibitors: Aristo Developers, Christabel Corporate Services, Cyproman Services Limited, Cyprus Fiduciary Association
Supporter: TechIsland
Communication Sponsors: CBN, Gold, INBusiness
Organizer: IMH
