eurofast profile 2017
TRANSCRIPT
EUROFAST;ORGANISATION PROFILE
2017
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
Our Milestones
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
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
We do not seek merelyto satisfy our clients,
We seek to delight them!
Our Mission
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Where can you find us
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!
…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!!
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
Eurofast offices
All our Eurofast offices: Fully fledged Have local team members Connected via telephone extensions Connected via video Follow the ISO procedure
…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!
…in 1 meeting
In 1 meeting: - Issue relating to: Country A Country B Country C Country D
1 person responsible
Eurofast
Client
The Taxand Story
Taxand: The only global organization focused on tax;Eurofast is Taxand Cyprus
2000Leading Tax
Advisors
400Tax Partners
50Independent (do
not undertake audit) tax firms
Up to 25Offices
per country
9Service
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
The Taxand StoryDemand
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
The Taxand StorySupply
Our passion about tax
The world’s largest independent tax
organizationNow 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
Taxand Key Facts
What othersthink about us
What others think about us
International Tax Review: The only authoritative and genuine awards in taxation worldwide!
-
Your Regional Team
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, [email protected]
Tel: +30 210 825 7722
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 [email protected]
Tel: +40 21 318 2262
• 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: [email protected] T: Cyprus: +357 22222186Ukraine: +380 947109144
Russia: +749 93503968
Eurofast Ukraine
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 [email protected]
Tel: +30 210 825 7722
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
[email protected] Tel: +359 2 988 69 75
Bulgaria
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 [email protected]
Tel: +355 42 248 548
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 [email protected] Tel: +389 2 24 00 225
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 [email protected]
Tel: +387 51 340 680
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 [email protected]
Tel: +385 17980 646
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 [email protected]
Tel: +382 20 228 490
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 [email protected]
Tel: +38 044 502 10 68
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
[email protected]:+ 995 32 220 00 11
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 [email protected]
Tel: +38 044 502 10 68
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 @eurofast.eu+35722 699 222
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 [email protected]
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 [email protected]
+357 22 699 222
CyprusOur key people
Zoe [email protected]+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.
.
Cyprus
Our key people
Maria [email protected] +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
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
Our focus on knowledge
Our focus on knowledge(Taxand publications)
Media Commentary
Staying close to our community
www.eurofast.eu
Find us online
Thank you!Questions/ Answers