{"id":49208,"date":"2024-12-07T15:05:40","date_gmt":"2024-12-07T08:05:40","guid":{"rendered":"https:\/\/porticoandbridge.com\/?p=49208"},"modified":"2024-12-07T15:05:40","modified_gmt":"2024-12-07T08:05:40","slug":"cyprus-showcases-tax-benefits-at-london-event-amid-uk-tax-reforms","status":"publish","type":"post","link":"https:\/\/porticoandbridge.com\/en\/cyprus-showcases-tax-benefits-at-london-event-amid-uk-tax-reforms\/","title":{"rendered":"Cyprus showcases tax benefits at London event amid UK tax reforms"},"content":{"rendered":"

Cyprus highlighted its investment attraction at a London event on December 4th, emphasizing tax incentives for high-net-worth individuals amid ongoing UK tax reforms.<\/span> \u00a0<\/span><\/p>\n

The event, titled “Non-Doms: The Cyprus Private Client Offering Gathering 2024,” was organized by IMH and Invest Cyprus at the London Stock Exchange.<\/p>\n

Over 150 attendees, including more than 120 UK professionals \u2013 such as lawyers, accountants, private wealth advisors, and family office managers \u2013 and over 30 experts from Cyprus, participated.<\/span><\/p>\n

By bringing these groups together, the conference aimed to strengthen ties between Cyprus and the international investment community.<\/p>\n

At the heart of the discussions was Cyprus’s competitive tax regime, offering asset protection solutions and residency opportunities for businesses and individuals.<\/p>\n

The main theme, “Cyprus: The preferred destination for ultra-high-net-worth individuals, families, companies, and their employees,” focused on the country’s numerous advantages for non-domiciled individuals.<\/span><\/p>\n

To reinforce this strategic focus, Marios Tannousis, CEO of Invest Cyprus, and George Pantelis, former Director-General of the Ministry of Finance, outlined Cyprus’ approach to attracting international investors and businesses.<\/span><\/p>\n

Their presentations highlighted the island’s growing appeal as a stable jurisdiction offering financial benefits to high-net-worth individuals.<\/span><\/p>\n

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This year’s conference comes at a crucial time for Cyprus. Following the UK government’s decision to abolish the long-standing non-domiciled tax status, as announced by Chancellor Rachel Reeves in her Budget speech to Parliament last October, significant changes are set to be implemented.<\/span><\/p>\n

The current regime will be replaced in April 2025 by a residence-based system with internationally competitive terms for temporary residents.<\/p>\n

This shift creates a valuable opportunity for Cyprus to position itself as a prime choice for high-net-worth individuals, boosting its economy and international standing.<\/p>\n

The conference concluded with a networking breakfast, providing attendees with the opportunity to exchange ideas and explore new collaborations.<\/span><\/p>\n

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Cyprus highlighted its investment attraction at a London event on December 4th, emphasizing tax incentives for high-net-worth individuals amid ongoing UK tax reforms. \u00a0 The event, titled “Non-Doms: The Cyprus Private Client Offering Gathering 2024,” was organized by IMH and Invest Cyprus at the London Stock Exchange. Over 150 attendees, including more than 120 UK … Read moreCyprus showcases tax benefits at London event amid UK tax reforms<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":49200,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[319,93,2],"tags":[],"class_list":["post-49208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eu-immigration","category-real-estate","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/49208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/comments?post=49208"}],"version-history":[{"count":1,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/49208\/revisions"}],"predecessor-version":[{"id":49210,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/posts\/49208\/revisions\/49210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media\/49200"}],"wp:attachment":[{"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/media?parent=49208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/categories?post=49208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/porticoandbridge.com\/en\/wp-json\/wp\/v2\/tags?post=49208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}