Grant Thornton Cyprus launches new service line

Grant Thornton Cyprus has announced the launch of a new service line, People, Relocation and Family Office Services, under the leadership of new Partner, Phryni Yiakoumetti Mina.

This addition to the Firm’s portfolio of services strengthens its commitment to delivering comprehensive, client-focused solutions that drive business success and enhance individual and organisational potential, it said in a press release. These services target private local or international companies including family offices.

Phryni Yiakoumetti Mina brings a wealth of expertise and an impressive track record to Grant Thornton Cyprus. A fellow Chartered Certified Accountant (FCCA) and member of the Institute of Certified Public Accountants of Cyprus, she holds advanced degrees in Management Studies and Human Resource Development, as well as specialised certifications in Business Family Governance, Advising Family Businesses, and Trust Law and Creation. Her extensive career includes setting up such services in another big organisation and leading a vast number of projects in different areas. She has been instrumental in guiding local and international clients, as well as high-net-worth individuals, with a wide range of strategic and operational needs.

Speaking about this new chapter for the firm, Stavros Ioannou, CEO of Grant Thornton Cyprus, said: “We are excited to welcome Phryni to our team and to introduce this new Service Line. This significant expansion reflects our dedication to meeting the evolving needs of businesses and families in an increasingly complex environment. Attracting, managing and engaging people continues to be a top priority on the business agenda, yet it needs to be spearheaded in a totally different way than in the past. We shall bring to the forefront solutions that balance the focus between enabling technology and human capital/ talent. Phryni’s unparalleled expertise in servicing international clients, will strengthen our hand holding support to companies and individuals seeking to set up headquarters/ base in Cyprus, affluent individuals to become non-doms tax residents, or entrepreneurs to grow their business through Cyprus.”

The new service line encompasses a broad spectrum of offerings designed to meet the diverse needs of organisations and families. Key services include:

- People Services: These focus on helping organisations enhance efficiencies and receive on the spot HR support through HR/People outsourcing services, transform/ optimise their people agendas and HR functions, enhance workforce planning, recruitment and development of talent, help them navigate and implement on new legislations/ changes e.g. Pay Transparency etc.

- Relocation/ Immigration Services: Leveraging on the long experience in the area, Grant Thornton Cyprus is best suited to provide seamless and fast relocation solutions for both individuals and businesses. From navigating on different permits to offering on-the-ground handholding support, project managing the whole process, to liaising with their teams abroad, the Firm ensures their clients relocation process is efficient, compliant, and stress-free. Existing in-house immigration teams can also be supported to elevate their internal migration operations through technology.

- Family Office Services: With a focus on a personalised service, family offices can be guided in navigating the complexities of managing wealth, ensuring long-term success and legacy preservation. The Firm’s niche teams, based on the ground and abroad, can support on cybersecurity and data protection, asset tracing and recovery, recruitment and/or relocation of specialised staff, organisational design, family governance and compliance support to the local family office.

To explore how these services can benefit your organisation, visit the Firm’s website for more information: www.grantthornton.com.cy/services/People-Relocation-Family-Office-Services/.

Phryni Yiakoumetti Mina added: “Joining Grant Thornton Cyprus and establishing this new service line is very exciting to me as I am truly passionate for these areas! It is also an honor for me to join a team of great professionals and a dynamic fast growing international network. Through our tech and people centric solutions, we aim to unlock the full potential of our clients’ most valuable asset, its people. I’m also fascinated to continue supporting companies and individuals setting up in Cyprus, and promote Cyprus, as a great base in the EU.”

This launch represents another milestone in Grant Thornton Cyprus’ journey of growth and innovation, further solidifying its position as a leader in professional services, the press release concluded.