Agenda
PRELIMINARY AGENDA (1st ANNOUNCMENT)
12:00-12:10 Welcome Address by the Chairperson of the Summit
12:10-12:20 Opening Speech
Stella Kammitsi, Chairwoman, STEP Cyprus, Managing Director, Raza Corporate Services Ltd
12:20-12:30 Cyprus as an International Trusts Jurisdiction
• High-level overview of Cyprus as a trust jurisdiction
• How Cyprus compares to other trust jurisdictions
• International recognition and credibility of Cyprus as a trust hub
• Benefits of choosing Cyprus for trust formation
• Future trends and opportunities in the Cyprus trust industry
Christiana Loizou, Senior Associate, KPMG Law (Theodorides, Georgiou, Iacovou & Co LLC)
12:30-12:40 Legal framework, Asset Protection and Wealth Management
• Wealth management and estate planning benefits
• Legal framework, updates and recent developments in Cyprus trust laws and regulations
Chryso Pitsilli-Dekatris, Co-Managing Partner, Chrysostomides Advocates & Legal Consultants
12:40-12:50 Asset Protection Strategies & Tax Framework
• Cypriot tax regime and how it benefits trust structures
• Double taxation treaties and their relevance to trusts • Asset protection strategies using Cyprus trusts
• Asset protection strategies using Cyprus trusts
• Explanation of different trust structures available in Cyprus
• Trustee responsibilities and roles
Glafcos Kyprianou , Senior Manager, Legal Counsel, Kitserve Limited
Panayiotis Kyriakides, Director, Head of Tax Advisory & Compliance, Kiteserve Limited
12:50-13:00 Role of Trustees, Compliance and Reporting
• Role and importance of professional trustees in Cyprus
• Regulatory requirements for trustees in Cyprus
• Anti-money laundering (AML) and Know Your Customer (KYC) requirements for trusts
• Reporting obligations for trust structures
• Compliance best practices for trustees and beneficiaries
Christina Economou, Business Development Director, Trident Trust Company (Cyprus) Ltd
13:00-13:25 Panel discussion between moderator and speakers
13:25-13:35 The advantages of Cyprus trusts: a foreign practitioner’s point of view
The Cyprus International Trust Law allows a number of arrangements that are in line with the requirements of sophisticated investors with cross-border family relationship and assets. Some examples are: (i) estate planning arrangements for families coming from jurisdictions with forced heirship provisions, (ii) asset protection exercises, and (iii) private trusts furthering charitable purposes. In addition domestic trust law allows to the set-up traditional trusts under provisions crafted after the corresponding 20th century English legislation. This is a perfect framework for a leading trust jurisdiction. This presentation will highlight the comparative advantages of Cyprus in relation to other international financial centres.
Paolo Panico, Chairman, STEP Europe, Deputy Chairman, STEP Global