Articles in English

Суббота 27 апреля 2024

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Foreigner in Cyprus. How to earn and invest without breaking laws?

The last event of the BEST INVEST Congress was dedicated to problems and mistakes of foreigners who relocate to Cyprus with investment or working purposes. In the seminar format, the following subjects were discussed: Bank accounts and international transactions: theory and practice; Conflict of the immigration status and source of income; Declaration of investment and business income and payment of taxes in Cyprus and the country of origin; Entrepreneurship without violating Cyprus and international laws; Favorable tax scenarios. The content…

Cyprus, Middle East and Northern Africa

Chrysilios Pelekanos, Vice President of the Cyprus-Saudi Arabia Business Association, Abdelaziz Ghellal, Representative of the African Union; Natalia Kardash, founder, Best Invest Congress, Odysseas Melikides, Chairman of the Cyprus-Africa Business Development Committee. Photo sb-cyprus.com

This working meeting brought together business leaders who aim to develop business cooperation between Cyprus and MENA countries. Together with experts, the participants discussed the prospects for strengthening existing ties and creating new ones, as well as an opportunity to create a permanent operating platform for new acquaintances and joint projects discussions. Panelists: Abdelaziz Ghellal, Director, Galleon Shipping, Algeria. Representative of the African Union, which unites 55 African countries; Odysseas Melikides, CEO, M. Target Group, an active participant in the…

Investments in innovations and new technologies

The last few years the island has been making significant strides in its quest to becoming a source of internationally relevant, disruptive, scalable innovation. The evidence shows an upwards trend in fundable» innovation and the momentum within the ecosystem is pointing toward specific areas of potential interest. It will attract more private, institutional and corporate venture capital. This also changes the role and the range of activities of investment funds in Cyprus. Philip Ammerman moderated this session with three seasoned…

Transformation of Cyprus into an IT hub

What improvements and changes have to be made to transform Cyprus «into Singapore of the Mediterranean»? Petr Valov CEO of Exness mentioned this term (introduced by Cyprus president George Vassiliou in the 80s) during the discussion of BEST INVEST Congress. Four panelists shared their opinions. Challenges, risks, and strategy Marios Demetriades, former minister of transport, communications, and public works told participants that the government had been addressing some of the issues and admitted that much more needs to be done.…

The regulatory framework of crypto assets in Cyprus and the EU

This article will cover the development related to blockchain and cryptocurrency in Cyprus. It is written based on the keynote speech delivered at the Best Invest Congress by financial expert, former chairwoman of Cyprus Securities and Exchange Commission Demetra Kalogerou. Key factors of the economic growth Innovation and digital technology are key factors in economic growth, that is why we must actively support new products and services, which are based on fintech – especially those that can contribute to financing…

Reflect Festival in Cyprus connected 5100 doers

The 2022 edition of Reflect Festival took over Limassol, with more than 5000 people wearing the "Doers United" badges walking the Old Town's streets. The country's biggest and most impactful tech event shows no signs of slowing down, gathering more than 120 speakers and offering world-class stages and a diverse 4-day networking program. Beyond that, Reflect proved to be a meeting spot for entrepreneurs, startups, and investors from the entire region, solidifying its position as an internationally renowned tech event.…

Cyprus is popular among global IT community

IT companies are relocating to the island. But is the country prepared for this influx of new businesses and people? And what does the government have to do in order not to miss this big chance to become a New Tech Industry hot destination? These were the main questions asked during the second session of the Best Invest Congress held in Limassol in October. The session, entitled «Cyprus: a Fast Growing Global Tech Hub», brought together expat business leaders already…