Deoffshorisation - Time for Action!
Contributed by Fiducenter
28 November, 2014
- Date: Wednesday 09/12/2014
- Time: 11:00 EEST (Limassol / Athens)
- Duration: 30 minutes (approx)
- Questions: Time will be allocated at the end of the session
Deoffshorisation is here it is reality, not a myth!
It had been widely rumoured that the Russian Government would back-off, that there would be significant relaxations before coming in to force, even that it would be nothing more than "a firework" and that it would burn out once all the fuss died down.
The above were nothing more than futile hopes, largely from jurisdictions impacted by its provisions - Cyprus is one of those jurisdictions. If you have a Cyprus entity in your structure, you need to assess how you are impacted by the package of measures covered under the Deoffshorisation term and to come up with the most appropriate course of action. As if this is not a heavy task on its own, all these and much more need to be done swiftly, as the provisions are coming in to effect as from 1st January 2015.
What are your options?
Building up substance, redomiciling, merging, liquidating are but some of the options available. There is no "one size fits all" solution and no "right or wrong" solution. There is the most appropriate way of approaching a structure, based on its specific facts and circumstances. At Fiducenter we have been dealing with restructuring solutions for 35 years now and specifically for Cyprus we can actually claim that we paved the way for some of them for international business companies.
Feel free to speak to us to see how we can help you, our contact details are at the bottom of this message. If you need further information on the topic you can refer to our publications, including our dedicated White Papers. You might also find the webinar we are organising on 17 December 2014 of interest, please see further information below.
There are limited places available, so REGISTER NOW to secure your participation.
You can also refer to our related White Paper by clicking here.
Should you need any further information, or clarification, please contact us.
At Fiducenter we have been providing our clients with international business solutions and professional services since 1980. Founded in Luxembourg and with presence in four of the most attractive financial and business centres in the world, we find solutions for the most complex and demanding of situations.
Note: The application for registration to the webinar will be reviewed by and accepted at Fiducenters discretion
Fiducenter (Cyprus) Ltd
1, Iakovou Tompazi Street
Vashiotis Business Center
CY-3107 Limassol / Cyprus
T: +357 25 50 40 00 | F: +357 25 50 41 00
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