The prospect of a no-deal Brexit has seen an increase in financial services companies looking to Cyprus as a ‘low cost’ European base to retain EU passporting rights, an online conference heard. A survey conducted among 150 electronic money and payment institutions, funds managers, and law and accounting firms at the conference highlighted new industry concerns over Brexit, with 76.9% of participants claiming the future of the UK financial services sector depended on the outcome of the Brexit negotiations. Just 2.6% said Brexit would have no impact.
Read full articleWe are delighted to announce that ‘World Tax 2021’, the International Tax Review’s comprehensive guide to the world’s leading tax advisory firms has once more rated our Tax Advisory Team as ‘Tier 1’. The team’s work in areas of tax controversy has been specifically praised. Additionally, at the individual level, Managing Partner, Elias Neocleous, has been recognised as a ‘Tax Leader’ in Cyprus.
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