The STEP Europe Conference, held at the prestigious Hôtel Hermitage Monte-Carlo on November 21-22, 2024, brought together leading global experts in tax and estate planning. Over two days, discussions centered on high-net-worth individuals (HNWIs), inheritance and heirship, overseas asset management, compliance, trusts, and more.

George Economides, Partner at E&G Economides LLC, participated as a panelist in the discussion titled "Where Do I Set Up My Fund? Investment Funds for Families." The panel featured international experts who shared insights on optimal investment strategies across jurisdictions for ultra-high-net-worth families. They explored the advantages, regulatory challenges, and strategic considerations of establishing investment funds in Europe.

Cyprus, emerging as one of Europe's fastest-growing investment fund hubs, offers diversified portfolios that meet risk management and growth objectives for family wealth preservation. This diversity makes it an appealing jurisdiction for family offices seeking to consolidate varied financial assets.

During the discussion, George Economides emphasized Cyprus' unique advantages:

“Cyprus truly stands out as a top choice for managing a range of assets. Its flexibility with legal structures like AIFs and RAIFs allows for tailored solutions. On the tax side, Cyprus offers significant efficiencies—exemptions on capital gains, no withholding tax on dividends to non-residents, and tax incentives for fund managers. Additionally, the extensive double tax treaty network and forthcoming updates to partnership laws are set to further enhance Cyprus’ attractiveness.”