Marfin: Global Investments and Taxation
Marfin: Global Investments and Taxation
8/3/2011 14:05
Marfin Laiki Bank, International Business Banking and Wealth Management Divisions, were the main sponsors of the “Global Investments and International Taxation” conference, organised by Globalserve Consultants Ltd on 24th of February in Tel Aviv, Israel, with the support of the Israeli accounting firm B. M. Certified Public Accountants.

The objective of the conference was to highlight new investment opportunities emerging internationally for the innovative and creative investor, in connection with the current effective tax structures and up-to-date solutions. Participants consisted of business consultants, accountants and auditors, lawyers, trust and wealth asset management companies.

Mr. Miltos Michaelas, Director of International Business Banking, Marfin Laiki Bank, presented and discussed the stability of the banking system in Cyprus and the position of Cyprus as a reliable and attractive financial centre. He also informed the participants of the successful rights issue that took place at the beginning of 2011 and the Bank/s expansion to China, via the establishment of a representative office in Beijing. Thus, Marfin Laiki Bank becomes the first Bank in Cyprus or Greece to set up a banking presence in China.

Mr Kyriacos Michaelides, Director - Wealth Management, Marfin Laiki Bank, presented the personalised financial services for high-net-worth individuals analysing the philosophy of private banking: to provide integrated management solutions through a full range of personal financial services. Mr Michaelides stressed “Our effort is to offer our clients the opportunity to exploit for their own benefit the totality of the Group/s resources, expertise and experience in an effective and efficient manner”.

Mr, Dinos Antoniou, C.E.O of the Globalserve Group, presented the effective structures that facilitate the investment process and maximize the return of the business ventures in European markets, as well as in the growing markets of the CIS countries including Russia with which Cyprus has very good double tax treaties. Furthermore, other effective structures were proposed for investments in the new emerging markets of China and India.

Mr. Marios Efthymiou, Senior Partner of Dinos Antoniou & Co Ltd, highlighted the tax and other benefits of the Cyprus companies as effective vehicles for international investments. The position of Cyprus as a reputable international business centre was emphasized with special reference to the robust and efficient Cyprus banking sector.

Finally, the Cyprus Trust Option was presented by Mrs. Phani Schiza Antoniou, Managing Director of Globalserve Consultants Ltd, while the conference was enriched also with other presentations relating to the Swiss and Israeli tax system.

The conference through its organized business meetings provided to the participants the opportunity to further develop their relationships and expand on the opportunities for cooperation.

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