STEP con­fer­ence fo­cuses on chal­lenges and tax

Financial Mirror (Cyprus) - - FRONT PAGE -

The STEP in­ter­na­tional con­fer­ence held at the Four Sea­sons ho­tel in Li­mas­sol, at­tended by 200 del­e­gates from Cyprus and abroad fo­cused on the trusts and tax in­dus­try.

Other top­ics which were cov­ered dur­ing the con­fer­ence in­cluded strate­gic plan­ning for Cyprus as a fi­nan­cial cen­tre, the OECD’s BEPS pro­ject, the le­git­i­macy of tax plan­ning in to­day’s world and a ju­ris­dic­tional com­par­a­tive per­spec­tive of funds.

Fi­nance Min­is­ter Harris Ge­or­giades in­au­gu­rated the con­fer­ence with a speech on the cur­rent sta­tus of the econ­omy of Cyprus and its prospects.

Emily Yi­oli­tis, the Chair­woman of STEP Cyprus stated that “whilst the econ­omy of Cyprus is slowly im­prov­ing, the road to re­cov­ery is not with­out chal­lenges and tar­geted re­forms can en­sure sta­bil­ity and pros­per­ity.”

STEP is the lead­ing or­gan­i­sa­tion world­wide on trusts, suc­ces­sion and in­her­i­tance plan­ning, deal­ing with cross bor­der trans­ac­tions of high net worth in­di­vid­u­als and cor­po­ra­tions in­volved in so­phis­ti­cated in­ter­na­tional struc­tures rang­ing from as­set pro­tec­tion to phil­an­thropic giv­ing. To­day STEP boasts over 20,000 mem­bers across 95 coun­tries. They in­clude lawyers, ac­coun­tants and other trust and es­tate spe­cial­ists.

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