On November 17th 2017, the Cyprus Fiduciary Association organised at the Hilton Park Hotel (Nicosia) the Fourth Professional Services Forum called ““International Trends of Professional Services to International Businesses and HNWI and the Future of the Sector in Cyprus”.
The Forum aimed to bring together peer-level leaders from the tertiary sector of the Cypriot economy to present and discuss the latest developments and trends in the field. Now an established annual event, this year’s conference took a new approach to incorporate professionals from the broader spectrum of the industry. Cyprus is recognized as an international centre of excellence for the provision of professional services and this year’s event wanted to provoke constructive thinking within the local sector to help maximize the industry’s potential. The governing bodies of major corporations must reassess their corporate strategies in their continuous and ever-challenging quest to minimize costs and augment their returns. One of the themes of this year’s conference was to explore new sectors and new geographical opportunities within the professional services field in Cyprus.
The speakers presented topics of key interest to the International Business sector providing an overview of the international developments in wealth management of high net worth and ultra high net worth individuals, through the overview of international tax trends and transfer pricing. In addition, there was an analysis of the international and local data that have defined the Professional Services sector in recent years. Speakers also emphasised on the global private banking trends, tax regulatory implications and investment trends and the dynamic of Cyprus as a business and investment centre.
The 4th Professional Services Forum brought together banking and financial institutions, accounting/ audit/ tax companies, asset management, investment companies and law firms, as well as various international Financial Centre Executives.
For more information on the 4th Professional Services Forum, you may visit the website of IMH who was the coordinator of the event.