]LZ[TLU[ YLX\PYLZ [PTL HUK JVUZ[HU[ LɈVY[Z ;OPZ PZ [OL Z[HNL H[ ^OPJO ^L J\YYLU[S` Ă„UK V\YZLS]LZ P L WLYZ\HKPUN PU]LZ[VYZ [V WYVJLLK ^P[O [\YU PUN [OLPY PU]LZ[TLU[ PU[LYLZ[ PU[V ZVTL[OPUN TVYL [HUNPISL ( THQVY KL]LSVWTLU[ PU [OL YLZ[YPJ[PVU VU [OL TV]LTLU[ VM JHWP[HS HIYVHK VJJ\YYLK VU 4HYJO ;OL 4PUPZ[LY VM -PUHUJL YHPZLK [OL [OYLZOVSK [V Ă TPSSPVU WLY HJJV\U[ WLY TVU[O >OPSL [OPZ PZ H SPMLSPUL MVY 7LUZPVU M\UKZ HUK V[OLY PU]LZ [VYZ ^OV JHU UV^ PTWSLTLU[ investment policies, it also pro ]PKLZ MVY HU PUJYLHZL PU JVTMVY[ MVY PU[LYUH[PVUHS PU]LZ[VYZ [V YL \ZL *`WY\Z HZ H WSH[MVYT MVY -VYLPNU +PYLJ[ 0U]LZ[TLU[ -+0 (Z MVY [OL JVUZ\S[HUJ` Ă„YTZ 0 JVUZPKLY [OH[ ^L OH]L HSS THKL JOHUNLZ HUK HKHW[LK V\Y HJ[P]P[PLZ PU Z\JO H ^H` HZ [V KLHS LɈLJ[P]LS` ^P[O [OL JOHS SLUNLZ IYV\NO[ HIV\[ I` [OL JYPZPZ Global trends regarding transparency and exchange of information, BEPS, etc. are changing the international tax landscape. Will Cyprus ILULĂ„[ HZ H Q\YPZKPJ[PVU MYVT these changes? Can the country become an impor-
On the basis of the indicators we have today, we expect positive growth in the sectors of tourism, professional services, exports and in certain areas related to these sectors
[HU[ Z\IZ[HUJL Q\YPZKPJ[PVU in which international comWHUPLZ ZL[ \WM\SS` ÅLKNLK VɉJLZ& *`WY\Z OHZ HSS [OL WYLYLX\PZP[LZ [V ILJVTL [OL YLHS I\ZPULZZ JLU[YL [OH[ P[ KLZLY]LZ [V IL >P[O ULHYS` `LHYZ VM L_WLYP ence in serving international PU]LZ[VYZ [OL JV\U[Y` OHZ H KL]LSVWLK ZLY]PJLZ ZLJ[VY VM MLYPUN [VW X\HSP[` WYVMLZZPVUHS HUK ÄUHUJPHS ZLY]PJLZ ^P[O HU LZ[HISPZOLK PUMYHZ[Y\J[\YL [OH[ THRLZ *`WY\Z HU PU]LZ[VY MYPLUKS` SVJH[PVU MVY ZL[[PUN \W M\SS` ÅLKNLK VɉJLZ ^P[O ZPNUPÄJHU[ Z\IZ[HUJL -\Y[OLY TVYL *`WY\Z OHZ UV ZOVY[ HNL VM OPNO X\HSP[` LK\JH[LK WYVMLZZPVUHSZ ^OV JHU WSH` HU PTWVY[HU[ YVSL PU [OLZL ZL[ \WZ HUK PU [OL KL]LSVWTLU[ VM H I\ZPULZZ MYPLUKS` LU]PYVUTLU[ [V Z\WWVY[ [OL KH` [V KH` YL X\PYLTLU[Z VM Z\JO VWLYH[PVUZ 0U HKKP[PVU *`WY\Z LUQV`Z KH`Z VM Z\UZOPUL H `LHY H OPNO Z[HUKHYK VM SP]PUN PU[LYUH[PVUHS ZJOVVSZ HUK V[OLY MHJ[VYZ [OH[ WSH` HU PTWVY[HU[ YVSL PU [OL KLJPZPVU VM [VW L_LJ\[P]LZ [V YLSVJH[L [V *`WY\Z ;OLYLMVYL [V HUZ^LY `V\Y X\LZ[PVUZ! @LZ 0 [Y\S` ILSPL]L [OH[ *`WY\Z ^PSS ILULÄ[ MYVT [OL NSVIHS JOHUNLZ HUK `LZ *`WY\Z JHU ILJVTL HU PTWVY[HU[ Z\IZ[HUJL Q\YPZ KPJ[PVU MVY PU[LYUH[PVUHS JVT WHUPLZ [V ZL[ \W M\SS` ÅLKNLK VɉJLZ œ ^L Q\Z[ ULLK [V THRL Z\YL ^L WH]L [OL ^H` I` LUZ\YPUN [OL YPNO[ SLNPZSH[P]L provisions and administrative WYHJ[PJLZ Gold magazine is of the view that Cyprus’ services to international investors are too dependent on Russian and Ukrainian business and that we should be looking to develop new geographical and sectoral markets. Do you agree with this opinion and, if so, what new
markets should the country be seeking to develop? 0[ HWWLHYZ MYVT [OL KH[H VM [OL 9LNPZ[YHY VM *VTWHUPLZ [OH[ interest in registering new com WHUPLZ PU *`WY\Z YLTHPUZ OPNO 0YYLZWLJ[P]L VM ZTHSS TVU[OS` Ă&#x2026;\J[\H[PVUZ [OL [YLUK PZ WVZP [P]L HUK [OPZ ZOV^Z JVUĂ&#x201E;KLUJL PU [OL *`WY\Z LJVUVT` (Z 0 OH]L HSYLHK` UV[LK OV^L]LY [OL ZP[\H[PVU YLTHPUZ PU Ă&#x2026;\_ ;OL 9\ZZPH <RYHPUL JVUĂ&#x2026;PJ[ ,< ZHUJ[PVUZ HNHPUZ[ 9\ZZPH HUK 7YLZPKLU[ 7\[PUÂťZ YLHJ [PVU ^P[O KL VÉ&#x2C6;ZOVYPZH[PVU HYL YLHZVUZ LUV\NO [V WYL]LU[ \Z MYVT ILPUN JVTWSHJLU[ HUK H[ [OL ZHTL [PTL [V LUJV\YHNL \Z [V SVVR [V V[OLY THYRL[Z Z\JO HZ *OPUH [OL 4PKKSL ,HZ[ HUK LSZL^OLYL Are you happy with the performance and results of Deloitte for 2014? What are your Ă&#x201E;YTÂťZ WSHUZ MVY & 0U V\Y Ă&#x201E;YT HJOPL]LK TVYL [OHU YLZWLJ[HISL NYV^[O ^OPJO PZ HU LZWLJPHSS` WSLHZPUN YLZ\S[ NP]LU [OL LJVUVTPJ HUK competitive circumstances in ^OPJO ^L VWLYH[L HUK H ]HS\ HISL PUKPJH[VY VM V\Y M\[\YL ;OL [PTLZ HOLHK ^OPSZ[ THYYLK ^P[O \UJLY[HPU[` SVVR M\SS VM WYVTPZL MVY +LSVP[[L HUK [OPZ 0 H[[YPI\[L to our willingness to adapt, PU]LZ[ HUK SLHYU ^OPSZ[ ZPT\S[H ULV\ZS` WYHJ[PJPUN V\Y ZOHYLK ]HS\LZ PU JVTIPUH[PVU ^P[O V\Y T\S[P KPZJPWSPUHY` HWWYVHJO HUK ZLY]PJL KPÉ&#x2C6;LYLU[PH[PVU 6\Y WSHUZ MVY [OL M\[\YL HYL YVV[LK PU +LSVP[[LÂťZ NSVIHS Z[YH[LN` HUK V\Y NSVIHS ]PZPVU [V ILJVTL [OL ¸<UKPZW\[LK leader in service provisionâ&#x20AC;?, [OL ¸Ă&#x201E;YZ[ JOVPJL VM [OL TVZ[ ZV\NO[ HM[LY JSPLU[Z HUK [HSLU[š MHTV\Z MVY [OL JHSPIYL VM V\Y WLVWSL HUK YLZWLJ[LK MVY [OL L_JLW[PVUHS X\HSP[` VM V\Y ^VYR 6\Y ¸(Z 6ULš Z[YH[LN` ^P[O MVJ\ZLK HUK [HYNL[LK THYRL[ PU]LZ[TLU[ ^PSS OLSW \Z ZLJ\YL
HUK ^PKLU V\Y SLHKLYZOPW WVZP [PVU PU V\Y THYRL[ (SS [OLZL strategies guarantee respon ZPISL THUHNLHISL HUK Z\Z[HPU HISL NYV^[O MVY V\Y Ă&#x201E;YT We would assume that domestic advisory services are on the rise, as many Cypriot companies seek advice on M&As, corporate restructurings, etc. Please comment VU `V\Y Ă&#x201E;YTÂťZ L_WLY[PZL HUK potential in this area. 3H[LS` K\L [V [OL Ă&#x201E;UHUJPHS JYPZPZ HUK [OL OPNO SL]LYHNL VM THU` I\ZPULZZLZ PUKP]PK\HSZ ^L OH]L PUKLLK ^P[ULZZLK HU increase in M&A or corporate YLZ[Y\J[\YPUN HJ[P]P[` 6U [OL 4 ( MYVU[ ^L HJ[ LP[OLY MVY [OL I\`LY VY [OL ZLSSLY -VY [OL I\` LY I\` ZPKL ZLY]PJLZ ^L VÉ&#x2C6;LY H [HYNL[ ZJYLLUPUN HWWYVHJO Ă&#x201E;UHUJPHS TVKLSSPUN HUK I\ZP ness valuation, due diligence YL]PL^Z Ă&#x201E;UHUJPHS YLZ[Y\J[\YPUN ULNV[PH[PVU Z\WWVY[ YL]PL^ VM :HSL 7\YJOHZL (NYLLTLU[Z HUK WVZ[ TLYNLY PU[LNYH[PVU ZLY]PJLZ -VY [OL ZLSSLY ZLSS ZPKL ZLY]PJLZ ^L VÉ&#x2C6;LY ]LUKVY K\L KPSPNLUJL Ă&#x201E;UHUJPHS HUK [H_ PUMVYTH[PVU TLTVYHUK\T L[J KLHS THY keting and structuring,support during negotiations and trans HJ[PVU JSVZPUN Z\WWVY[ -VY JVYWVYH[L YLZ[Y\J[\YPUN ^L OH]L ILLU LUNHNLK I` LP[OLY IHURZ VY [OLPY JSPLU[Z KPYLJ[S` VY IV[O [V WLYMVYT PUKLWLUKLU[ I\ZPULZZ YL]PL^Z VM [OL [YV\ISLK I\ZPULZZLZ JVTWHUPLZ ^P[O H ]PL^ [V HZZPZ[PUN [OL SLUKLY HUK [OL JSPLU[ [V Ă&#x201E;UK H ]PHISL YLZ[Y\J[\YPUN WYVWVZP[PVU 6\Y ZLY]PJLZ PU]VS]L [OL WYLWHYH[PVU VM ZWLJPHSPZLK Z[\KPLZ YLWVY[Z [OH[ NLULYH[L [YHUZWHYLUJ` HIV\[ [OL JVTWHU`ÂťZ I\ZPULZZ WSHU P[Z J\YYLU[ WLYMVYTHUJL HUK SPX\PKP[` Z[H[\Z YLZ[Y\J[\Y PUN TLHZ\YLZ HUK P[Z HIPSP[` [V YLJV]LY Z\Z[HPUHISL WYVĂ&#x201E;[HIPSP[` HUK SPX\PKP[`
A WORLD LEADER OF THE ACCOUNTANCY AND FINANCE PROFESSION N THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS
Gold 43