Cyprus IBSA Discussion on Substance Requirements In International Business Structuring

On 14th May at its headquarters in Limassol, Elias Neocleous & Co LLC proudly hosted the event of the European branch of the International Business Structuring Association (IBSA) on “Substance Requirements In International Business Structuring”. Speakers at the event included prominent figures from the world of business and tax, including Roy Saunders, Founder & Chairman of IFS Consultants and the IBSA, Spyros Ioannou, Partner at LIS Primus Audit & Tax Ltd, Richard Melton, Commercial Director at Vistra and Stefan Nolte, Founder & Managing Director at Shanda Consult Ltd.

The discussion focused on the major shifts in international business and tax structuring on substance requirements and the new stipulations under the Multilateral Instrument (MLI) as well as the fast coming changes in international tax law. The speakers covered a wide-ranging agenda including the approach that several jurisdictions have adopted, including Cyprus, in complying with these developments.

The insightful discussion was followed by a cocktail reception which served as an excellent opportunity for networking. We were pleased to welcome professional colleagues from Cyprus and overseas spanning different specialties as well as existing clients who were interested in being informed and discuss the latest tax challenges of the business world.

Should you require any further information about this matter please contact Elena Christodoulou or your usual contact at Elias Neocleous & Co LLC.