Residence Planning and Corporate Re-domiciliation

Elias Neocleous & Co LLC

Thu 29 Jun 18:00 EET

The IBSA have great pleasure inviting you to join Roy Saunders, Founder and Chairman of the IBSA, Dmitry Zapol of IFS Consultants, Spyros Ioannou of Primus Audit & Tax, Kyriaki Stinga, Elena Christodoulou and Alexis Christodoulou of Elias Neocleous & Co LLC, Miguel Nasser of Squire Patton Boggs, Geraldine Schembri of EMCS Ltd, and Walter Andreoni of Mercanti e Associati for a discussion group meeting examining the preferential tax regimes offered by countries including Cyprus, Malta, Spain, Portugal, Italy, Dubai, Switzerland and the UK for individuals seeking a change in their tax residence, and for companies wishing to change their country of domicile.

 

Our expert panel will explore which countries provide incentives for entrepreneurs to consider migration in advance of receipt of income and capital gains, the conditions which need to be fulfilled, and the potential pitfalls when ceasing tax residence in a particular country. They will also explore the reasons why a UK company may need to be re-domiciled to another jurisdiction, the methods by which they do so (whether by transfer of legal domicile, place of effective management, merger or otherwise), with some practical examples of where such corporate re-domiciliation has been effective.

 

This meeting will be hosted by Elias Neocleous & Co LLC at their offices, 195 Arch. Makarios III Neocleous House, Limassol, 3030 CYPRUS on Thursday 29 June 2023 at 18:00 EET.  A post-discussion dinner will be held at Agios Epiktitos Taverna located in Armenochori, for a delicious meze accompanied by Greek musicians, kindly sponsored by Investec offering the opportunity to meet fellow members and their guests. 

 

Case Study

The discussion will follow a case study involving Peter, a wealthy Norwegian expert in AI, who has created a unique platform operated by technical experts in the UK. He is considering leaving Norway to migrate to a middle eastern country such as Israel, Dubai, Cyprus or Malta. His wife Astrid is currently living in the UK with her daughter Anna, but is concerned about changes to the non-dom tax legislation discussed in the press.  She has no shares in the UK company owned by her husband, nor any significant income to support herself, but wants to remain in the UK. Their son Jan is 25 and a Premier League footballer who is considering a transfer to one of the bigger clubs in Spain or Portugal. Peter is concerned that the UK company, PM Enterprises Ltd, is facing higher corporate tax charges and is considering a re-domiciliation of his company to the country of migration he intends to choose.


 

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.

Miguel Nasser
Miguel Nasser
Senior Associate, Squire Patton Boggs
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Miguel Nasser

Senior Associate, Squire Patton Boggs

Miguel Nasser is a senior associate in the Tax Strategy & Benefits department, based in our Madrid office. He has broad experience as a tax lawyer advising both national and multinational companies on tax matters, with a particular focus on M&A, corporate restructuring, tax planning, tax consolidation and international taxation. Miguel also regularly advises and represents companies in inspection proceedings before Spanish tax authorities, as well as in judicial review proceedings conducted before the Spanish courts.

Spyros Ioannou
Spyros Ioannou
Partner, Primus Audit & Tax Ltd
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Spyros Ioannou

Partner, Primus Audit & Tax Ltd

Spyros is the partner leading tax services at Primus Audit & Tax Limited.  He is an active and experienced lecturer in professional local and international tax courses.

He studied Accounting and Finance at the University of Manchester from which he graduated in 2001.  He is also a Fellow Chartered Accountant with the Institute of Chartered Accountants in England and in Wales.

He specializes in the interpretation of treaties, transfer pricing and international tax planning.  He currently is finalizing the authoring of his own extensive tax guide, to include basic and advanced aspects of Cyprus tax, global transfer pricing, principles of international tax and analysis of the OECD Model Double Tax Treaty.

The physical and legal persons he serves as an advisor, are amongst the most prominent internationally.

Elena Christodoulou
Elena Christodoulou
Senior Associate, Elias Neocleous & Co LLC
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Elena Christodoulou

Senior Associate, Elias Neocleous & Co LLC

Elena Christodoulou is a specialist in corporate and commercial law, specialising in tax and EU law. Elena principally focuses on international and European tax law, particularly as regards state aid, and EU law generally, providing clients from diverse sectors with international tax advisory and business structuring solutions and advice on EU regulatory and compliance matters. International tax expertise gained from advising many blue-chip clients and high net worth individuals over the years.

Alexis Christodoulou
Alexis Christodoulou
Associate, Elias Neocleous & Co LLC
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Alexis Christodoulou

Associate, Elias Neocleous & Co LLC

Alexis joined Elias Neocleous & Co in 2017 coming with extensive experience as a practicing lawyer in South Africa. He is a member of the Cyprus Bar Association and has been an associate of the firm since 2018.

Alexis has considerable knowledge in private client and wealth management as well as international and local Cyprus tax.  He has successfully completed all stages of the ADIT (Advanced Diploma International Tax) examinations, which is a professional qualification offered globally by the highly respected UK-based Chartered Institute of Taxation.  He was admitted as a lawyer in the North Gauteng High Court, Pretoria (Republic of South Africa) in 2014 and was further admitted as a lawyer in the Supreme Court of Cyprus in 2018.

Kyriaki Stinga
Kyriaki Stinga
Senior Associate, Elias Neocleous & Co LLC
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Kyriaki Stinga

Senior Associate, Elias Neocleous & Co LLC

Kyriaki has extensive experience in corporate and commercial law with particular focus in cross border transactions such as acquisitions, mergers and migration re-domiciliation of companies.

Geraldine Schembri
Geraldine Schembri
EMCS Ltd
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Geraldine Schembri

EMCS Ltd

Geraldine Schembri is co-founder and Managing Director of EMCS International, where she focuses on international tax consultancy and finance. An accountant by profession, she acquired experience working with a leading audit firm in the field of accounting and assurance, later on specializing in both direct and indirect taxation. She joined the EMCS Group in 1999. Geraldine is involved in various tax committees, has lectured for the Malta Institute of Accountants, assisted with paper-setting for ACCA and actively contributes to the Malta Section of International Tax Systems and Planning Techniques published by Gee Publishing.She is also authorised as Registered Mandatory for the Malta Retirement Programme and Malta High Net Worth Scheme.

Her constant involvement in the developments of the industry and close networking with service providers in overseas jurisdictions characterizes the pro-active attitude adopted by the firm.

Walter Andreoni
Walter Andreoni
Partner, Mercanti e Associati
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Walter Andreoni

Partner, Mercanti e Associati

Walter Andreoni joined the Studio as a partner in 2017 and deals with all areas of tax law, including in particular corporation taxation, international taxation, transfer prices and Community VAT.

After completing his degree in Economics at the University of Turin, Walter specializes in attending Master's (LL.M.) International Tax Law at the University of Leiden, Netherlands and has worked for several years with Studio Maisto e Associati.

He is a lecturer in primary post-university specialization courses on international taxation issues, author of tax publications and rapporteur at national and international conferences.

Dmitry Zapol
Dmitry Zapol
Tax Advisor, IFS Consultants
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Dmitry Zapol

Tax Advisor, IFS Consultants

Dmitry Zapol is an international tax advisor with practical knowledge of the principles of individual and corporate international taxation and cross-border business planning. He joined IFS in September 2010 after earning his LLM (Tax) degree at King’s College, London. Five years prior to this, Dmitry earned his LLB at Durham University and completed an LPC at the College of Law. Dmitry is a qualified Russian lawyer — he came to the UK from Moscow, where for five years he worked as an associate at Moscow City Bar Association "Barshchevsky & Partners". Dmitry specialised in advising foreign investors exploring opportunities in Russia on corporate tax implications together with Russian and cross-border tax planning. Dmitry holds the Advanced Diploma in International Tax and is studying to become a CTA.

Venue

Elias Neocleous & Co LLC

Solon Theatre

Neocleous House

195 Makarios III Avenue, 1-5th floor 

Limassol CY-3030

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