16.11.2016

Roundtable Maxima Legal «Cyprus New Investment Programme»

On 30 November at 4 p.m. law firm Maxima Legal together with our Cypriot partners, law firm Antis Triantafyllides & Sons LLC will hold a roundtable event on the topic of ‘Cyprus’ new investment programme: ‘How to get the most out of it and the potential tax consequences for Russian citizens’.

Recently migration has been playing an increasingly important role in the management of wealthy individuals’ finances; migration can appeal as an opportunity not only to improve quality of life but can also be used to safeguard assets and earnings. Relocation abroad remains a viable, and if undertaken in a considered way, a profitable investment for wealthy individuals.

A number of jurisdictions, most notably Cyprus, have structured their immigration policies to provide investment programmes for wealthy individuals and their family members to acquire residency and citizenship with flexible residency and investment requirements.

At a roundtable event we will talk about the opportunities for Russian citizens to relocate to Cyprus and explore a new way by which the required investment in Cyprus can potentially be reduced significantly. At the event we will also consider the potential Russian tax consequences of residing abroad.

Vladimir Kilinkarov, Partner at Maxima Legal

Welcome attendees to the event and moderate discussions

Robert Houchill, Associate at Maxima Legal

• Outline of the services that Maxima Legal can offer through working closely with Antis Triantafyllides & Sons LLC and law firms in other jurisdictions to assist Russians who wish to relocate

Investment programme in Cyprus

Nicolas Sparsis, Managing Partner at Antis Triantafyllides & Sons LLC

• An overview of the Cypriot economy and investment opportunities

Stelios Triantafyllides, Partner at Antis Triantafyllides & Sons LLC

• Presentation on the Cypriot citizenship scheme and outline of an adaptation of the scheme that seeks to significantly reduce the minimum amount that needs to be invested for acquiring a Cypriot passport

Elena Kilinkarova, Associate and Head of the Tax department at Maxima Legal

• Implications from a Russian tax point of view resulting from acquiring residency overseas and foreign citizenship for Russian citizens; including comments on potential restrictions and pitfalls

Andreas Santis, from NCH Capital Inc, an International Investment Fund

• Investment opportunities in the property market in Cyprus

The event will be followed by tea and coffee

For those wishing to attend, we kindly ask that you register on the following website: https://maximalegal.timepad.ru/event/405369/