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Eurofast Profile 2017


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Where we came from
Numbers…and why we don’t care about them!
What we are good at…and why!
Our passion about tax
What others think about us
Who do we work with
Our focus on knowledge

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Eurofast Profile 2017

  2. 2. AGENDA Where we came from Numbers…and why we don’t care about them! What we are good at…and why! Our passion about tax What others think about us Who do we work with Our focus on knowledge Agenda
  3. 3. Our Milestones
  4. 4. Eurofast is a regional business advisory organisation employing local advisors in over 21 cities in South East Europe and Middle East (SEEME). We are uniquely positioned as one stop shop for investors and companies looking professional services in the SEEME region. Our team of advisors are capable of efficiently addressing all client needs in one single meeting, using one single language for all the countries in the Region. Eurofast has over 28 years of history, working with many global brands and leading Institutions, operating in the manufacturing, retail, airlines and professional services sector. Our clients are the vivid evidence that Eurofast is your trusted business advisor in EMEA. Profile
  5. 5. In the emerging markets where we operate in South East Europe and Middle East, by the year 2020 we want to see our Organization being the No 1 reference point for businessmen seeking reliable advice in terms of advisory, legal, tax, M&A, assurance, corporate, payroll & accounting. A dream team of forward thinking, qualified, outstanding local professionals with an international outlook, who are always reliable, exclusive, personal, innovative, accountable but above all genuine persons, our clients can trust and become friends with. We are a regional boutique advisory organisation aiming to be the preferred choice of thousands of Organizations! We simply want our clients to stand out and proudly say: "WE WORK WITH EUROFAST IN THIS PART OF THE WORLD!” Our Vision
  6. 6. We do not seek merely to satisfy our clients, We seek to delight them! Our Mission
  7. 7. What we are good at… Our Services  Corporate Finance  Accounting & Tax Compliance  Outsourced Payroll & Employment Solutions  Market Entry Services  Corporate & Trustee Services  Citizenship & Residency Services  IT Specialised Services  Transfer Pricing & International Tax  Mergers & Acquisitions and Transactional Advisory  Business Restructuring & Insolvency  Real Estate tax  Shipping Tax  Energy Tax  Intellectual property Bringing value to clients with our service Eurofast is Taxand Cyprus
  8. 8. International Tax Eurofast advises and prepares suitable tax plan tailored to your needs. We can maximize your taxation benefits and advantages, minimize tax liabilities, increase tax savings and increase your business liquidity and asset coverage.  Tax advice surrounding transactions, disposals and spin-offs  Designing acquisition and holding structures  Tax controversy & litigation  Indirect tax consulting and guidance  VAT compliance and fiscal representation  Indirect tax reviews and planning Our International Tax services Our Indirect Tax services
  9. 9. Our Tax Planning and Tax Compliance services  Review your business operations and group structure  Consider possible restructuring ways for tax saving optimization  Registration to the Tax Authorities  Preparation and submission of tax returns to the Tax Authorities  Tax rulings and negotiations with Authorities  Assistance with Tax Investigations Our Real Estate Tax Services • Tax efficient real estate structures • Construction/ development tax strategies • Tax advice (transactions, disposals, spin offs) • Tax neutral financing arrangements Tax Planning & Tax Compliance Real Estate Tax
  10. 10. Real Estate Tax & Shipping Tax Shipping Tax & Energy Tax Our Shipping Tax services  Shipping Taxation  Ship and Yacht Registration Worldwide  Crew Payroll and VAT  Mergers and Acquisitions Transactions  Transfer of ship ownership Our Energy Tax services  Efficient energy structures – Plan strategically and apply deep insight to establish efficient energy structure  Energy projects – Legal and tax advice support  International investors – Our company is an active member of Taxand Energy Service line enabling the exchange of knowledge and expertise between the experts in this field and facilitating their collaboration under various international projects
  11. 11. Intellectual property Eurofast can provide services for innovators and companies to protect their Intellectual assets. Our Intellectual property services  Establish Cyprus IP holding structure  Review and advice on corporate statutory compliance matter  Registration of IP (trademark, patent)  Create IP – related substance  Provide ongoing support
  12. 12. We advise, in the best possible way, every enterprise which is interested in exploring opportunities for development, as far as selling, buying or merging their enterprise with other companies.  Research of the business environment and market  Negotiating and closing  Preparation and training for high level members of companies  Corporate Law  Legal, tax and financial due diligence  Transactions and Trade finance Our M&A Services M&A and Transactional Advisory
  13. 13. Transfer Pricing Eurofast can assist your company to comply with both legal and economic requirements of the countries in South East Europe and Middle East. We can help you design and implement a Transfer Pricing policy that makes sense for your business, capitalize on efficiency and drive your performance. • Defense strategies • Transfer Pricing Planning and Compliance • Advice and assistance in preparing Transfer Pricing documentation • Negotiations with Revenue Authorities Our Transfer Pricing Services
  14. 14. Accounting Our Accounting department consists of a team of highly skilled and experienced accountants who are able to offer you all of the accounting services required.  Computerization of Accounting Records  Monthly Accounting Support Services  Monthly, quarterly, biyearly and yearly Management Accounts  VAT book keeping  Accounting Compliance and Reporting Our Accounting Services
  15. 15. Financial services Eurofast can provide guidance to a company in obtaining a Cyprus Financial services license, assisting on the completion of all requirements until the competent authorities deliver their assessment  Business plan  Prepare the draft of a specialized Memorandum and Article of Associations  Obtaining all relevant certificates  Guide clients on the Cyprus legislation and requirements on Financial Services Regulation  Preparation of the application and consultation on the structuring of the company  Guidance on the preparation of the three years business plan as required by law  Drafting of the anti money laundering manual  Determination of the internal procedures and the know your client policies Our Financial Services
  16. 16. Employment & Payroll Services Eurofast has become a leader in employment and payroll services offering practical and responsive advice to a wide spectrum of clients including multinational and locally listed companies, mid-market companies and large private entities.  Long and short-term global equity and cash plan design and implementation  Payroll preparation and processing  Employer and employee tax, social security, withholding tax  Legal and regulatory global due diligence  Employee compensation and engagement programs  Equity awards for international assignees Our Employment & Payroll Services
  17. 17. Corporate Services We aim to provide high quality services in an efficient and effective way. Our wide experience and technical knowledge enables us to offer corporate services with a first-class level of quality, in accordance with our philosophy of going beyond merely satisfying our clients to the level of delighting them. Eurofast is Authorised and Regulated by CySEC: ASP license no. 04/196  Company Registrations in various jurisdictions  Representation services  Opening and management of bank accounts,  Creation and management of Trustee services  Company administration Our Corporate Services
  18. 18. Citizenship & Residency services Eurofast offers full professional assistance for its clients in obtaining residency and citizenship through “Citizenship by investment” programs in Cyprus and Balkan countries. Local lawyers, tax experts and other professionals in fully pledged offices are ready to provide you with the best advice in all matters related to residence programs. Preparation of applications and documentation to be submitted  Submission of documentation to authorities  Representation of applicant for the communication with the authorities  Tax advises on investment opportunities  Assistance on finding and acquiring the immovable property  Preparation of necessary agreements and compliance with the law  Assistance with VAT refund  Work permits Our services for Citizenship & Residency
  19. 19. HR administration We aim to provide HR administration services to our clients with ongoing support by handling HR administration documents and dealing with the employment and labor law issues. Our HR administration services  Maintaining employees’ records  Reporting (drafting HR-related reports)  Drafting individual employment contracts/agreements  Elaboration of Labor internal regulations  Submission of HR – related reports to Authorities  Dealing with work permits and residence permits
  20. 20. Business Restructuring & Insolvency Eurofast offers solutions regarding to the legal and practical issues arising from a company’s restructure and insolvency. Our Business Restructuring & Insolvency services  Business restructuring  Assistance with banks, restructuring of loans  Cash and working capital management review  Acquisition of distressed businesses  Advice on directors’ responsibilities  Liquidations
  21. 21. IT specialised services We offer various IT specialised services along with software and web development. Our IT specialised services  IT services (Remote virtual computers, shared space (backup), secure chat, VPN – Our datacenter is located in Switzerland on high secure Level 4 (TierData IV) facility  Cloud services (VPN, backup, emails, web hosting, domains, custom virtual servers, infrastructure as a service, VoIP)  Business continuity and Data recovery procedures  IT sourcing: Remote IT support – servers, routers, workstations Remote IT equipment monitoring (servers, routers, workstations)  Software and web development: Website development 
  22. 22. Eurofast can provide guidance for market entry services for new entrant businesses in order to maintain their competitive advantage in the market. Market entry services  Identify & give access to opportunities in South East Europe  Market Research & analysis  Partner search  Contract preparation and negotiations  Business and marketing plan  Finding suitable office/ store and negotiating price and terms of lease  Recruiting Market entry services
  23. 23. Where can you find us
  24. 24. Eurofast in numbers… Over 200people across South East Europe and East Mediterranean 21Offices in SEEME 5-60Team members in every office 1Reference point; 1 meeting handles all!
  25. 25. …and why we don’t care about them! …and why we don’t care about them! If you measure success in numbers, Eurofast hasn’t achieved all that much. We have never focused on numbers. We prefer to think how to better become exclusive personal innovative flexible accountable …and to personally know every single client!!
  26. 26. Regional Competitive Advantage • Positioned as primary business advisory organisation in the Region • Only organization which covers entire Region • We eliminate cultural, language, social & communication barriers
  27. 27. Eurofast offices  All our Eurofast offices:  Fully fledged  Have local team members  Connected via telephone extensions  Connected via video  Follow the ISO procedure
  28. 28. …and why we are good at it Partner Led from Start to Finish 1 ▪ Management Team with a Western European philosophy ▪ Reference point ▪ Meeting handles all!
  29. 29. …in 1 meeting  In 1 meeting: - Issue relating to: Country A Country B Country C Country D  1 person responsible Eurofast Client
  30. 30. The Taxand Story Taxand: The only global organization focused on tax; Eurofast is Taxand Cyprus 2000 Leading Tax Advisors 400 Tax Partners 50 Independent (do not undertake audit) tax firms Up to 25 Offices per country 9 Service areas 1 ▪ Common purpose – practical advice, responsively delivered ▪ Taxander per country ▪ Global brand ▪ Board with 9 members ▪ Global Executive Committee with 50 members ▪ Uniting passion – tax ▪ Eurofast is Taxand Cyprus
  31. 31. The Taxand Story Demand Our passion about tax In 2002 the tax advisory landscape changed radically New legislation introduced to prevent repeat disasters Client demand created for independent (separate from audit) tax advisory services and Big 4 alternatives Complexity of tax systems requires dedicated tax professionals Worldwide business operations require global capability And … local tax legislation differences require local tax specialists The largest international network of tax advisors disappeared
  32. 32. The Taxand Story Supply Our passion about tax The world’s largest independent tax organization Now comprises 50 member firms and preferred contacts worldwide Globally providing clients with access to over 2,000 tax professionals and 400 partners Working together delivering integrated global services Focused on delivering high quality, senior led, seamless service And… still growing – more countries; local expansion Founded by a respected group of 9 entrepreneurial, independent tax firms Established in March 2005 to respond to market demand
  33. 33. Taxand Key Facts
  34. 34. What others think about us What others think about us International Tax Review: The only authoritative and genuine awards in taxation worldwide! -
  35. 35. Your Regional Team
  36. 36. Our key people ▪ Regional Director, SEEEM ▪ Panos joined Eurofast Global in 2006 responsible for Eurofast operations in South East Europe and Eastern Mediterranean specifically in Greece, Bulgaria, Romania, Serbia, Montenegro, FYR Macedonia and Albania. Member of the BoD since January 2010, Panos travels extensively to the offices in the region, developing the client base and also offering guidance and direction to the local management thus ensuring that the high quality standards are maintained in every Eurofast office. Specializations: ▪ M&A ▪ Payroll ▪ Employment solutions ▪ Advisory services Panayiotis Diallinas, Tel: +30 210 825 7722
  37. 37. Romania Our key people  Managing Director at Eurofast Global in Romania  Bachelor in Finance, Banking and Accounting faculty from the Academy of Economic Studies and Executive MBA, from Tiffin University, Ohio USA in cooperation with University of Bucharest and a bachelor in Economics, Finance, and Academy of Economic Studies of Bucharest  Specializations:  International Financial Reporting Standards International Standards in Auditing  Financial audits and assurance services  Business and Tax advisory Iulia Lascau Tel: +40 21 318 2262
  38. 38. • Director Eastern Europe • Savvas previously held the positon Head Kiev Representative Office at Hellenic Bank and has many years of experience in banking. Savvas comes with a wealth of experience within the banking Industry having spent the previous 30 years in Hellenic Bank in Cyprus where he was instrumental in handling large international corporate accounts. At the same time, Savvas played a key role in the bank’s International Business center by being head of Accounts, Swift Payment and Incoming Payment Departments. Savvas Perikleous E: T: Cyprus: +357 22222186 Ukraine: +380 947109144 Russia: +749 93503968 Eurofast Ukraine
  39. 39. Greece Our key people ▪ Transfer Pricing Advisor SEEM ▪ Bachelor in Economics from the National and Kapodistrian University of Athens with professional qualification in Audit from IESOEL Specializations: ▪ Analysis of financial data for tax & regulatory compliance ▪ Develop quality transfer pricing studies for clients in South East Europe & Eastern Mediterranean Anastasia Sagianni Tel: +30 210 825 7722
  40. 40. Our key people ▪ Legal and Tax Manager at Eurofast Sofia ▪ LLM - Master in Law from Sofia University ▪ Member of the Bar Association of Bulgaria ▪ Certified for Risk Management and Anti- Bribery and Anti- Corruption policies Specializations: • Corporate and regulatory compliance; • Labour Law and employment relationship; • Tax law; • Civil Law; • Immigration Law • Due diligence; • Commercial Law Petar Varbanov Tel: +359 2 988 69 75 Bulgaria
  41. 41. Albania Our key people ▪ Tax Accountant at Eurofast Tirana ▪ Graduated from State University of Tirana, Faculty of Economy. Holds a BSc in Finance Specializations: ▪ Payroll & Accounting ▪ Employment Solutions ▪ Tax Advice ▪ IFRS ▪ Accounting Drilona Likaj Tel: +355 42 248 548
  42. 42. FYR Macedonia Our key people ▪ Executive Administrator, Eurofast FYR Macedonia ▪ BSc degree in Computer Management Information Systems and MBA with a concentration in Marketing. Specializations: ▪ Business Development ▪ Management ▪ Marketing Elena Kostovska Tel: +389 2 24 00 225
  43. 43. Bosnia, Croatia, Slovenia Our key people ▪ Regional Executive, Bosnia ▪ Economics in Banja Luka, specializing in Business and Entrepreneurship. Master Degree from the Frederick University Nicosia Specializations: ▪ Accounting & Payroll Advisor ▪ EU Funds Dajana Topic Tel: +387 51 340 680
  44. 44. Croatia Our key people ▪ Tax and Legal Advisor, Eurofast Croatia ▪ Master of Law from the University of Zagreb Specializations: ▪ Expertise domestic tax advice, real estate, corporate law, corporate insolvency, M&A. ▪ Employment Law ▪ Obtaining work and residency permits for clients. David Jankovlievic Tel: +385 17980 646
  45. 45. Montenegro Our key people • Director at Eurofast Montenegro • Graduate from the law faculty of University of Kragujevac in Serbia. Currently pursuing postgraduate degree in the field of Tax law and Public finance at the University of Belgrade. Specializations • Tax & Legal consultancy • Advisory Services; Privatisation process • Citizenship & Residency Ivan Petrovic Tel: +382 20 228 490
  46. 46. Ukraine Our key people ▪ Country Executive, Eurofast Ukraine ▪ MBA degree, specializing in Management from University of Nicosia in Cyprus and holds a Master Degree of the Kyiv National Pedagogic University Specializations: ▪ Business Development ▪ Management ▪ Marketing Nadiya Omelchuk Tel: +38 044 502 10 68
  47. 47. Georgia Our key people ▪ Country Director, Eurofast Georgia ▪ Master of Law degree with honors from Kyiv Shevchenko University Specializations: ▪ M&A ▪ Risk management control ▪ Employee law ▪ Restructuring of Banks ▪ Insolvency Anna Pushkaryova Tel:+ 995 32 220 00 11
  48. 48. Ukraine Our key people ▪ Tax and Legal Advisor, Eurofast Ukraine ▪ Bachelor’s Degree in Law (honours) MBA degree, Master`s degree in corporate law from the Kiev V. Hetman National Economic University Specializations: ▪ international tax structuring ▪ highly marginal investment projects, ▪ forex licensing within the EU, ▪ residency & citizenship, ▪ foreign company incorporation and administration Alena Malaya Tel: +38 044 502 10 68
  49. 49. Iran Our key people • Country Executive , Eurofast Iran • Master in Business Administration (MBA) from the University of Cyprus • Engineering degree from Azad University of Tehran, Iran Specializations: • Business matching • Market Entry services • Client development & Strategy Ali Najm Ali.najm +35722 699 222
  50. 50. Egypt Our key people ▪ Country Manager in Eurofast in Egypt ▪ MBA Specialisations: ▪ Regulatory compliance advisory ▪ Labour and social security compliance services ▪ Corporate secretarial support Samar Abdel Rahman
  51. 51. Cyprus Our key people • International Tax Director • Honorary Consul of the Republic of Montenegro (except Limassol) in Cyprus • Certified Public Accountant, member of the AICPA Specialisations • international tax structuring and planning • M&A & joint ventures • cross-border structuring; joint ventures Christodoulos Damianou +357 22 699 222
  52. 52. Cyprus Our key people Zoe Kokoni +357 22 699 222 ▪ International Tax Director ▪ Member of Taxand Global Compensation Service line and a Board member of Antea ▪ Head of our Eurofast representation in ADP Streamline for Greece and Cyprus Specialisations ▪ Specializes in Tax, Payroll and Labor issues. ▪ Extensive experience in Greek, Bulgarian and Cyprus immigration rules. ▪ Citizenship and residency permits issues, provides advisory services to expatriates on taxation issues and employee benefits, as well as social security issues. .
  53. 53. Cyprus Our key people Maria Damianou +357 22 699 222 ▪ Director, Accounting Support Services ▪ Specialisations ▪ accounting, payroll, employer serviceso ▪ indirect domestic tax and compliance services in Cyprus ▪ Responsible for the management of payroll services of clients located in multiple locations ▪ Author & contributor of numerous publications specialized in employment and indirect taxation
  54. 54. Cyprus Our key people Maria Savva, Director, Regional Operations • Business Comm Finance (Concordia University, Montreal) • MBA (University of Cyprus) Specialisations ▪ creating and implementing the organisation’ s business development strategy ▪ customer strategy, building brand equity ▪ knowledge management, ▪ business growth, qualifying new business opportunities ▪ overseeing the expansion of Eurofast in EMEA
  55. 55. Our focus on knowledge
  56. 56. Our focus on knowledge (Taxand publications)
  57. 57. Our focus on knowledge
  58. 58. Media Commentary
  59. 59. Staying close to our community
  60. 60. Find us online
  61. 61. Thank you! Questions/ Answers