Cyprus has traditionally been a preferred jurisdiction for Private Clients and High Net Worth Individuals. Furthermore, the island has been frequently used for the purposes of setting up family offices, to serve the needs of principals and their families worldwide. The driving forces behind these have usually been, Cyprus' attractive tax regime, offering a number of incentives for both entities and individuals, along with a modern trust law regime and a flexible corporate legal framework. Moreover, Cyprus International Trusts have been utilized through the years for asset protection, estate and succession planning and for wealth management purposes.
Recent developments, including sanctions and restrictive measures imposed due to Russians' aggression towards Ukraine and a greater demand for transparency and reporting, have introduced new challenges to be addressed by Private Client advisors and family offices, not only on the local, but on the international level as well.
Join this webinar from Patrikios Pavlou & Associates LLC to understand the current concerns surrounding the Cyprus Private Client landscape and to discuss how recent threats can be tackled or mitigated. The webinar will highlight the current realities and critically examine solutions for such challenges. It will also examine practical approaches for the way forward.
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