London event successfully introduces Cyprus as an attractive destination for non-doms and HNWIs (pics)

Cyprus's attractiveness as a top investment destination and as an ideal choice for non-doms and high net worth individuals (HNWIs) from all over the world, as well as their families, was highlighted during a conference on the theme 'Non Doms: The Cyprus Private Client Offering Gathering 2024' organised in London by IMH in collaboration with Invest Cyprus .

The 4 December conference, which took place in the wake of the British government's recent decision to, from April 2025, abolish the non-dom tax regime that the United Kingdom had been applying for a number of years, was a first-class opportunity to present the non-dom tax regime that Cyprus has and its many advantages. It also showcased - in parallel - the many advantages of the country in general as an ideal choice for living, working and doing business.

With the main topic of its work being 'Cyprus: A destination of choice for High Net Worth Individuals (HNWIs), their families, companies and employees', the conference served as a source of information for investors who, considering the possibility of changing jurisdiction, would be interested in and would view the prospect of establishing and operating in Cyprus through a positive lens.

More than 120 professionals from the United Kingdom, such as lawyers, accountants, private bankers and family office managers, attended and gained from the more than 30 experts from Cyprus who participated with the presentations/analyses they provided creating an overall picture of the benefits that foreign investors - and others - can enjoy by doing business on the island.

At the same time, participants had the opportunity to come into direct contact and to experience firsthand, and especially through the presence of its representatives there, the friendly business environment that Cyprus offers in all respects.

Opening the conference proceedings, Marios Tannousis, CEO of Invest Cyprus, presented the non-dom status of Cyprus, analysing both the advantages of establishing individuals and businesses in our country as well as the economic and investment field on our island.

Also read: M. Tannousis: Cyprus’ key advantages as a destination for High Net Worth Individuals

George Pantelis, former Permanent Secretary of the Ministry of Finance, in turn presented the positive course of the Cypriot economy and rich opportunities for investment here.

He spoke about both the macroeconomic framework of Cyprus and the investment field, the recent upgrades of the Cypriot economy, and the friendly environment towards individuals and companies that transfer part of their activities to Cyprus or settle in the country.

Also read: George Panteli: Consecutive upgrades of Cyprus' economy and opportunities for foreign investors

The level of interactive panels was impressive, encouraging the exchange of views and the creation of new professional relationships.

In the panel entitled 'Striking the Perfect Balance: Living and Working in Cyprus', a select group of experts in the real estate sector highlighted, among other things, the advantages of individuals/families settling in Cyprus, such as safety, weather conditions, the abundance of quality educational institutions at all levels, advanced infrastructure, etc.

The participants were Kyriakos Charalampous, COO, Domenica Group, George Englezos, CCO, Limassol Greens, and Melina Rafti, General Manager, KORANTINA HOMES.

Also read: Living and working in Cyprus as a non-dom: Abundant benefits and huge opportunities

During the panel 'Cyprus: An International Business Centre with an Attractive Framework for Corporates.' Christos Neokleous, Consultant at Tsirides Law, Andreas Andronicou, Partner, Tax & Legal at PwC Cyprus and Melina Dionysiou, Director/Head of Corporate at Totalserve spoke about the attractiveness of the country as a jurisdiction.

Also read: Cyprus: An international business hub with an attractive environment for companies and foreign investments

Earlier, a panel discussion titled 'Cyprus: A Destination of Choice for HNWIs and their Families' emphasised both the tax landscape and other points that make the country stand out from international competition.

The panel included Marios Andreou, Partner, National Tax Policy Leader, and Head of UK and India Markets at PwC Cyprus, Petros Rialas, CEO of Totalserve, Georgia Papa, Advocate/Director at Pyrgou Vakis Law Firm and Sara Eojourian, Head of Wealth Management at Athlos Capital.

Also read: The non-dom framework and why Cyprus is a destination of choice for HNWIs and their families

The conference concluded with a cocktail reception, which offered attendees a unique opportunity to continue discussions and deepen their professional relationships in a more relaxed atmosphere.

(Source: InBusinessNews)