International Succession Planning, Cyprus

Elias Neocleous & Co LLC

Wed 30 Sep 15:30

We have great pleasure inviting you to join Roy Saunders of the IBSA Club, Vassilis Psyrras & Theodora Alexandrou of Elias Neocleous & Co, Lucy Greenwood of The International Family Law Group and Nicolas Bachmann of 1291 Group on Wednesday 30 September from 15:30 to 17:30 for a discussion group meeting exploring the complex aspects of international succession planning.

 

The panel will examine a case study involving a (fictional) international family moving from the UK to Cyprus.  The UK entrepreneur is seeking coordinated advice from tax advisers, onshore and offshore legal counsel, and investment specialists to help assist him in planning for the eventual inheritance of his diverse business and personal assets.  

 

The discussion will include a review of the changes in UK tax legislation which may affect his immediate and long-term planning, as well as the family’s existing wills, trusts, and pension arrangements, with particular attention to inheritance tax exposure and cross-border considerations such as continental forced-heirship rules. The meeting will consider internationally relevant issues, including wealth and estate taxes in several EU countries and the US, particularly with regard to properties owned by the entrepreneur.

 

In addition, the panellists will explore the family’s current investment strategies and the structural changes required to align them with the updated tax and legal landscape, address the potential conflicts among family members and consider practical approaches for anticipating and managing these issues in long-term succession planning.

 

 

View the Case Study and Slide

 

 

The meeting will incorporate several Q&A opportunities for delegates to engage directly with the panellists and will be hosted by Elias Neocleous & Co at the Solon Theatre at their offices at Neocleous House, 195 Makarios III Avenue, 1-5th floor, Limassol. Networking drinks will follow the discussion offering the opportunity to meet fellow members and their guests. This event is free to Club members and invited guests.

 

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Speakers

Roy Saunders
Roy Saunders
Founder and Chairman, IBSA
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Roy Saunders

Founder and Chairman, IBSA

Since qualifying as a Chartered Accountant in 1967, Roy Saunders has accumulated a wealth of commercial experience working independently in commercial property, international tax, advertising and other industries. He is the Chairman of IFS, a boutique international tax practice based in central London. Academically, he is known throughout the world for his many books and publications, the foremost being his red book, International Tax Systems & Planning Techniques published by Sweet & Maxwell. Roy has also taught an MA Course on International Taxation at the Institute of Advanced Legal Studies at the University of London.

Roy is very proud of the fascinating client base of entrepreneurial individuals that he has built up at IFS. He feels strongly about the role that ethical tax structuring plays in the growth of an economy, and that this needs to be better understood by the public at large. Roy founded the IBSA to enable business professionals around the world to discover new business relationships and promote best practice by creating sustainable business structures compliant with international transparency, corporate governance and social responsibility.

Lucy Greenwood
Lucy Greenwood
Partner, International Family Law Group
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Lucy Greenwood

Partner, International Family Law Group

Lucy Greenwood is a Partner at iFLG. Lucy has a very broad depth of experience and knowledge in resolving family issues having specialised exclusively in the field of family law for the last 18 years.

For further information about Lucy, visit the iFLG website

Vassilis Psyrras
Vassilis Psyrras
Advocate Counsel
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Vassilis Psyrras

Advocate Counsel

Vassilis has extensive experience in admiralty claims, ship and project finance, debt restructuring, yacht leasing, shipping operations and corporate and commercial matters. Prior to beginning his legal career, Vassilis worked in various commercial roles for Piraeus-based shipping companies that included seagoing experience as a cadet officer, giving him first-hand knowledge of how shipping companies and ships operate and of their commercial and operational requirements. He has also been in-house counsel in the legal department of a global ship operator based in Hamburg, Germany.

Theodora Alexandrou
Theodora Alexandrou
Associate
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Theodora Alexandrou

Associate

Theodora specialises in corporate law, leveraging her legal expertise to assist clients with a range of corporate and tax matters. After joining our firm as a lawyer trainee, she is now a qualified associate in the corporate and tax department, where she advises private clients on tasks ranging from daily operations to complex financing and corporate governance issues.
 

Nicolas  Bachmann
Nicolas Bachmann
Partner, 1921 Group
X

Nicolas Bachmann

Partner, 1921 Group

Nicolas is a Partner at 1291 Group Switzerland, holding a doctorate degree in Business Administration and Commerce from “Università Commerciale Luigi Bocconi” in Milan.  As a seasoned expert with over 25 years of in-depth expertise in private banking and insurance, Nicolas has been Sales Director and Country Manager of International Markets at a leading Luxembourg private insurance company, as well as Head of Distribution Italy and Branch Manager Lugano for over two decades, advising (U)HNWI clients and their families in multiple jurisdictions, throughout the financial hubs of Switzerland, Luxembourg, UK, and Monaco. 

He specializes in tailored insurance-based wealth- and estate planning solutions for complex family structures, working closely with clients and their trusted advisors by leveraging on his cross-market experience and FMA license to provide fully compliant, yet innovative wealth protection strategies that support privacy, asset protection, tax- and estate planning, which are perfectly suited for pre-relocation planning and international portability.

Venue

Elias Neocleous & Co LLC

They are the largest law firm in Cyprus by a considerable margin and are generally recognized as the leading firm of Cyprus lawyers in Southeast Europe.

 

 

Solon Theatre

Neocleous House

195 Makarios III Avenue, 1-5th floor 

Limassol CY-3030

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