Events

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June 2017

2017 CFA Seminar 5 – Common Reporting Standard (CRS): Framework & Reporting

Total number of participants: 151 The Cyprus Fiduciary Association (www.cfa.org.cy) organised two (2) independent half-day (4-hours) seminars, titled "Common Reporting Standard (CRS): Framework and Reporting" (16 June, St Raphael Resort, Limassol & 19 June, Cleopatra Hotel, Nicosia). The seminars were addressed primarily to Compliance Professionals and Directors of Administrative Services Providers, but also to any other ASP employees that had an interest in familiarize themselves with the concept of the Common Reporting Standard and its applications under real life scenarios. The instructors of the seminar [...]
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June 2017

CFA 5th Annual General Meeting

On Monday, 12 June 2017, the Cyprus Fiduciary Association held its 5th Annual General Meeting at the Hilton Cyprus in Nicosia. The AGM was honoured by the presence of the Chairwoman of the Cyprus Securities & Exchange Commission (CySEC), Ms Demetra Kalogerou, the Vice-Chairman of CySEC, Mr Andreas Andreou, the Director General of the Cyprus Investment Promotion Agency (CIPA), Ms Natasa Pilides, the President and General Manager of the Institute of Certified Public Accountants of Cyprus (ICPAC), Mr Demetris Vakis [...]
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May 2017

2017 CFA Seminar 4 – Induction Course in Administrative Services

Total number of participants: 72 The Cyprus Fiduciary Association (www.cfa.org.cy) organised one (1) two-day seminar (14 hours), titled “Induction Course in Administrative Services” (22 & 23 May, Cleopatra Hotel, Nicosia). CFA aimed to provide rigorous training to all junior employees of Administrative Services Providers (ASPs), as well as any other person that would like to gain an understanding of the overall operations and obligations of ASPs. The instructors of Day 1 were  Ms. Stella Strati, Limited Partner - Corporate Finance, in Patrikios Pavlou & Associates LLC and Mr. [...]
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May 2017

2017 CFA Seminar 3: VAT – An In-Depth Explanation of the Fixed Establishment Concept

Educational Pillar: Corporate Administration Total number of participants: 40 The Cyprus Fiduciary Association (www.cfa.org.cy) organised two (2) independent half-day VAT seminars (4 hours) titled “titled “An In-Depth Explanation of the Fixed Establishment Concept” (8 May, St Raphael Resort, Limassol & 10 May, Cleopatra Hotel, Nicosia): The instructor of the workshop was Mr. Alexis Tsielepis, Managing Director at Chelco VAT Ltd. The objective of the seminar was to provide participants with a comprehensive understanding of how the Fixed Establishment concept as it relates to indirect tax, is [...]
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March 2017

2017 CFA Seminar 2: Identification, Risk Assessment & Monitoring of Transactions

Educational Pillar: AML and Compliance Total number of participants: 127 The Cyprus Fiduciary Association (www.cfa.org.cy) organised two (2) independent half-day Anti-Money Laundering workshops (4 hours) titled “titled “Identification, Risk Assessment & Monitoring of Transactions” (22 March, Cleopatra Hotel, Nicosia & 24 March, St Raphael Resort, Limassol): The instructor of the workshop was Mr. Nassos Paltayian, Head of Compliance at Abacus Ltd and Vice-President of the CFA AML & Compliance Affairs Committee. The objective of the workshop was to provide participants an in depth understanding of the key elements of [...]
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March 2017

2017 CFA Seminar 1: Cyber Security – Practical Guidance for ASPs

Educational Pillar: AML and Compliance Total number of participants: 40 The Cyprus Fiduciary Association (www.cfa.org.cy) organised two (2) independent half-day seminars (5 hours) titled “titled “Cyber Security – Practical Guidance for ASPs” (01 March, Cleopatra Hotel, Nicosia & 02 March, St Raphael Resort, Limassol): Mr. Constantinos Gakopoulos and Mr. Nikos Tsarouchas from A.C. Slashopt Ltd, were the instructors of the first part of the seminar that aimed to educate and alert all SMB (Small/ Medium Businesses) clients in all industries regarding cyber security and how risk assessment [...]
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December 2016

CFA Seminar – AML Challenges & Developments 2016

Educational Pillar: AML and Compliance Total number of participants: 127 The Cyprus Fiduciary Association (www.cfa.org.cy) organised two (2) independent half-day seminars (5 hours) titled “AML Challenges & Developments 2016” (14 December, Cleopatra Hotel, Nicosia & 16 December, St Raphael Resort,Limassol). The seminars were divided in two (2) parts: Part A – AML Regulatory Developments Part B – Challenges in the implementation of the Risk Based Approach The instructor of the first part was Mr. Nicos Pavlides, Director at NAP Regulatory Compliance Services Ltd. The chief objective of Part A was [...]
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November 2016

The 3rd CFA Forum: Cyprus International Business Sector – The Way Forward

On November 25th 2016, the Cyprus Fiduciary Association organised at Carob Mill (Limassol) its third annual Forum titled “Cyprus International Business Sector – The Way Forward”. The Forum aimed in identifying and examining international and local developments that have taken place over the past year within the Fiduciary and International Business sectors and how these developments affect Cyprus.  Local and international professionals assessed the current status as well as the future prospects of the Cyprus international business sector. The speakers presented topics [...]
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November 2016

Data Protection Seminar – New Horizons

Total number of Participants: 58 On Wednesday November 16th 2016, the Cyprus Fiduciary Association organised at Cleopatra Hotel (Nicosia) a three (3) hour seminar on Data Protection in collaboration with the Office of the Commissioner for Personal Data Protection. The speaker of the seminar was the Commissioner for Personal Data Protection, Ms Irene Loizidou Nicolaidou who gave a thorough presentation regarding the Cyprus Data Protection Law and the transposition and implementation of the new European Regulation 2016/679 of 27th of [...]
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November 2016

CFA Seminar – Common Reporting Standard: Framework & Reporting

Educational Pillar: AML and Compliance Total number of participants: 138 The Cyprus Fiduciary Association organised two (2) independent half-day seminars (4 hours), titled “Common Reporting Standard - Framework & Reporting” (02 November, St. Raphael Resort, Limassol & 04 November, Cleopatra Hotel, Nicosia). The instructor of the seminar was Mr. Anastasios Yiasemides, Board Member in KPMG (Cyprus) Ltd. The  objective of the seminar was to assist participants familiarize themselves with the concept of the Common Reporting Standard (CRS). Upon completion of the seminar, participants were [...]
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October 2016

CFA Seminar – The Duties & Liabilities of Trustees

Educational Pillar: Directorship/ Trustee Services Total number of participants: 71 The Cyprus Fiduciary Association organised two (2) independent half-day seminars (4 hours), titled “The Duties & Liabilities of Trustees” (19 October, St. Raphael Resort, Limassol & 20 October, Filoxenia Conference Centre, Nicosia). The  objective of the seminar was to provide an in-depth analysis of all matters relating to the role of Trustees and their responsibilities and liabilities under the relevant Cyprus Trust Legislation with particular emphasis on the provisions of [...]
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September 2016

CFA Heads’ Dinner

The Cyprus Fiduciary Association organised its annual networking dinner for the top management of its member-firms. The dinner took place at the Mermaid Terrace, Atlantica Miramare Beach Hotel (Limassol), on Friday 30th of September 2016. The organisation of the event was an excellent opportunity for the highest ranking executives of the CFA member firms to network and socialize with each other in a friendly and relaxed environment.       
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September 2016

CFA – LUNCH WITH FINANCIAL REPORTERS

On Wednesday, September 28th, the Board of Directors of the Cyprus Fiduciary Association organised a lunch with financial reporters/ journalists from a number of media in the country, at the Hilton Cyprus. The aim of the lunch was to network with journalists who cover topics and news that relate to the fiduciary and international business sectors, in order to inform them of the mission and vision of CFA, the targets of the new BoD for the next two years, and [...]
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June 2016

CFA SEMINAR – COMPANY DIRECTORS: DUTIES & LIABILITIES

Educational Pillar: Directorship/ Trustee Services Total number of participants: 81 The Cyprus Fiduciary Association organised two (2) half-day seminars (4 hours), titled “Company Directors: Duties & Liabilities” (23 June, Cleopatra Hotel, Nicosia and 24 June, St. Raphael Resort, Limassol). The objective of the seminar was to provide an in-depth analysis of the role of Directors, undertaken by service and fiduciary providers in Cyprus. The instructor was Mr. Christophoros Christophi, Advocate in Christophi & Associates LLC. Mr. Christophi gave a presentation [...]
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June 2016

4TH ANNUAL GENERAL MEETING

On Wednesday, 08 June 2016, the Cyprus Fiduciary Association held its 4th Annual General Meeting at the Hilton Cyprus in Nicosia. The Annual General Meeting was honoured by the presence of the Minister of Finance, Mr. Harris Georgiades, the Chairwoman of the Cyprus Securities & Exchange Commission, Ms. Demetra Kalogerou, the Vice-President of CySEC, Mr. Andreas Andreou, the General Manager of the Institute of Certified Public Accountants of Cyprus (ICPAC), Mr. Kyriakos Iordanou, the President of the Cyprus Chamber of [...]
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May 2016

CFA Seminar – Induction Course in Administrative Services

Educational Pillar: Directorship/ Trustee Services, AML & Compliance, Corporate Administration Total number of participants: 62 The Cyprus Fiduciary Association organised one (1) two-day seminar (12 hours), titled “Induction Course in Administrative Services” (23 & 24 May, Cleopatra Hotel, Nicosia). The objective of the seminar was to provide rigorous training to all new employees of Administrative Services Providers (ASPs), as well as any other person that has an interest in the provision of Administrative Services, in order to gain a general [...]
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April 2016

CFA Seminar – Tax & VAT Issues for Corporate Administrators

Educational Pillar: Corporate Administration Total number of participants: 46 The Cyprus Fiduciary Association organised one (1) full-day seminar (6 hours), titled “Tax & VAT Issues for Corporate Administrators” (13 April, Cleopatra Hotel, Nicosia). The objective of the seminar was to provide Corporate Administrators and other employees working within Administrative Service Providers, with a general understanding of basic Taxation and VAT issues that may be faced, directly or indirectly, in their daily work. The instructor of the first part was Ms. [...]
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March 2016

CFA Workshop – Daily Challenges of a Compliance Officer & The Role of the Board of Directors in Compliance

Educational Pillar: AML & Compliance Total number of participants: 177 The Cyprus Fiduciary Association organised four (4) independent full-day workshops (7 hours), titled “Daily Challenges of a Compliance Officer & The Role of the Board of Directors in Compliance” (3 & 10 March, Cleopatra Hotel, Nicosia and 4 & 11 March, St Raphael Resort, Limassol). The instructor of the workshops was Mr. Nicos Pavlides, Director of NAP Regulatory Compliance Services Ltd. The workshops were divided into two parts:  Part A – [...]
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December 2015

CFA Seminar: Trusts – The Essentials

Educational Pillar: Directorship/ Trustee Services Total number of participants: 112 The Cyprus Fiduciary Association organised two (2) independent half-day seminars (4 hours), titled “Trusts: The Essentials” (3 December, Cleopatra Hotel, Nicosia & 4 December, St. Raphael Resort, Limassol). The instructor of the seminars was Mr. Pericles Spyrou, Managing Director of MMG Trust (Cyprus) Ltd. The objective of this seminar was to assist the participants familiarize themselves with the concepts of trusts and to have the necessary skillset to set-up, administer [...]
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November 2015

The 2nd CFA Forum: Cyprus International Business Sector – The Way Forward (A Year On)

On November 6th 2015, the Cyprus Fiduciary Association organised at Grand Resort (Limassol) its second annual Forum titled “Cyprus International Business Sector – The Way Forward (A Year On)”. The Forum aimed to identify and examine international and local developments that have taken place over the past year within the Fiduciary and International Business sectors and how these developments affect Cyprus. Local and international professionals assessed the current status and the future prospects of the Cyprus international business sector. More [...]
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October 2015

AML CHALLENGES AND DEVELOPMENTS SEMINAR

Educational Pillar: AML & Compliance Total number of participants: 158 The Cyprus Fiduciary Association organised two (2) independent half-day seminars (5 hours), titled “AML Challenges and Developments” (6 October, Cleopatra Hotel, Nicosia & 7 October, Mediterranean Beach Hotel, Limassol). The instructor of the seminars was Mr. Nicos Pavlides, Director of NAP Regulatory Compliance Services Ltd. The duties and responsibilities of the Compliance Department have significantly increased over the last two years and are still evolving. The objective of the seminars [...]
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September 2015

CFA HEADS’ DINNER

The Cyprus Fiduciary Association organised its annual networking dinner for the top management of its member-firms. The dinner took place at the beautiful gardens of Poseidonia Beach Hotel (Limassol), on Wednesday 23rd of September 2015. The organisation of the event was an excellent opportunity for the highest ranking executives of the CFA member firms to network and socialize with each other in a friendly and relaxed environment.             
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September 2015

CFA SEMINAR ON NEW MO.K.A.S. ONLINE REPORTING SYSTEM

Total number of participants: 55 The Cyprus Fiduciary Association organised one (1) three-hour seminar focused on “MO.K.A.S. New Online Reporting System” (22 September, Cleopatra Hotel, Nicosia). The speaker of the seminar was Mr. Theodoros Stavrou, Investigator at the Unit for Combating Money Laundering (MO.K.A.S.), who presented, through a ‘test environment’ , the steps to register on the online system and the reporting procedure that reporting entities should follow for submission of reports to the Unit. This online project will assist [...]
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July 2015

Essentials of Managing a Cyprus Company

Educational pillar: Corporate Administration Total number of participants: 99 The Cyprus Fiduciary Association organised two (2) independent two-day seminars (11 hours), titled “Essentials of Managing a Cyprus Company” (29-30 June, Cleopatra Hotel, Nicosia, and 2-3 July, St Raphael Resort, Limassol). The instructor of the first day of the seminar was Mr. Pericles Spyrou, Managing Director of MMG Trust Cyprus Ltd, who covered the set-up and on-going management of a Cyprus company, as well as the procedures followed for the strike-off [...]
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June 2015

3rd Annual General Meeting

On Tuesday, 16 June 2015, the Cyprus Fiduciary Association held its 3rd Annual General Meeting at the Hilton Park Hotel in Nicosia. The Annual General Meeting was honoured by the presence of the Minister of Finance, Mr. Harris Georgiades, the Minister of Energy, Commerce, Industry and Tourism, Mr. Giorgos Lakkotrypis, the Chairwoman of the Cyprus Securities & Exchange Commission, Ms. Demetra Kalogerou and the President of the Cyprus Investment Promotion Agency (CIPA), Mr. Christodoulos Angastiniotis. In his brief address, Mr. [...]
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June 2015

FATCA: Latest Developments & Reporting Obligations

Educational pillar: AML & Compliance Total number of participants: 155 The Cyprus Fiduciary Association organised two (2) independent half-day workshops (4 hours), titled “FATCA: Latest Developments & Reporting Obligations” (4 June, Cleopatra Hotel, Nicosia, and 5 June, St Raphael Resort, Limassol). The instructor of the workshops was Mr. Rakis Christoforou, Managing Director of Global AML Services Ltd. In view of the required reporting to the Tax Department for FATCA purposes on 30 June 2015, participants had the opportunity to learn [...]
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May 2015
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How to Manage the Compliance Department

Educational pillar: AML & Compliance Total number of participants: 133 The Cyprus Fiduciary Association organised four (4) independent half-day workshops (5 hours), titled “How to Manage the Compliance Department” (21 & 22 May, St Raphael Resort, Limassol, 25 & 26 May, Cleopatra Hotel, Nicosia). The instructor of the workshops was Mr. Nicos Pavlides, Director of NAP Regulatory Compliance Services Ltd. The duties and responsibilities of the Compliance Department have significantly increased over the last two years and are still evolving. [...]
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March 2015

The Role and Liabilities of Directors

Press Release On Friday 6 March and on Monday 9 March 2015, the Cyprus Fiduciary Association with the instrumental help of the Professional Development Committee organised two (2) seminars, with the following topic: “The Role and Liabilities of Directors”. Both of them were whole-day seminars, and were respectively held at the Cleopatra Hotel, in Nicosia and at the St. Raphael Hotel in Limassol. The rationale for selecting this extremely interesting and intricate subject as the first seminar of 2015 was [...]
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December 2014

FATCA Workshops

The Cyprus Fiduciary Association organised two full-day FATCA workshops on Tuesday, 2 December 2014 at Cleopatra Hotel in Nicosia and Wednesday, 3 December 2014 at St Raphael Hotel in Limassol. These workshops aimed to provide practical guidance in regards to the FATCA implications and the respective obligations of Cyprus entities. Cyprus is about to sign a Model 1 IGA (intergovernmental agreement) with the US government, requiring local institutions to register with the Cyprus tax authorities by the end of the [...]
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November 2014

CFA Forum: The Way Forward

The CFA presented on the 6th of November 2014 at Four Season Hotel, the latest institutional policy trends and changes, as well as developments in servicing international investors. The seminar aimed to bring together all professionals in the international business sector in order to devise, agree on and commit to a strategy that will further enhance the position of Cyprus as an international business centre. More importantly, the CFA showed the way forward to ensure that the sector continues to [...]
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October 2014

Anti – Money Laundering (AML) Workshop

CFA organized on 6/10/2014, 7/10/2014, 9/10/2014, 13/10/2014, 14/10/2014 and 21/10/2014 Anti – Money Laundering Workshops in Nicosia and Limassol. The limited amount of participants for each workshop was 30 for each workshop. The objective of each workshop was to present and analyze the real-life application of centrally important regulatory compliance obligations of administrative services providers, based on the relevant legislation. Participants had the chance to work in Case studies. On completion of this workshop, the participants gained the following Revisited [...]
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July 2014

The International Tax and Current Tax Developments Seminar

17th of July 2014 at St. Raphael Resort the International Tax and Current Tax Developments Seminar The Cyprus Fiduciary Association organized on 17th of July 2014 at St. Raphael Resort the International Tax and Current Tax Developments Seminar. The speaker was Mr Neophytos Neophytou. The seminar gave the opportunity to the participants to get informed on the latest International Tax Developments.       
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June 2014
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2nd General Annual Meeting

On Wednesday, 11 June 2014, the Cyprus Fiduciary Association held its 2nd Annual General Meeting at the Le Meridien Limassol Spa & Resort. The Annual General Meeting was honoured by the presence of the Minister of Finance, Mr. Harris Georgiades, and the Chairwoman of the Cyprus Securities & Exchange Commission, Ms Demetra Kalogerou. In his brief address, Mr. Georgiades referred to the progress made during the previous year, where although we still have a long way to go, it appears [...]
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October 2013
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Anti-Money Laundering Seminar – Analysis of the CySEC Requirements

On Thursday, 17 October 2013, the Cyprus Fiduciary Association organised a seminar with the following topic: “Anti-Money Laundering – Analysis of the CySEC Requirements”. This was a whole-day seminar and it was held at the Ajax Hotel in Limassol. The new Administrative Services Law (L.196(I)/2012), voted on December 2012, requires fiduciary firms – those not exempted from the Law – to acquire a licence from the Cyprus Securities & Exchange Commission (CySEC). One of the requirements is the employment of [...]
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May 2013
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Annual General Meeting

On Friday, 17 May 2013, the Cyprus Fiduciary Association held its 1st Annual General Meeting at the Mediterranean Beach Hotel in Limassol. The Annual General Meeting was honoured by the presence of the Minister of Finance, Mr Harris Georgiades, as well as representatives of the Cyprus Securities & Exchange Commission. In his greeting to the AGM, the Minister referred to the difficult economic conditions we are currently facing in our country but stated his and the government’s determination and will [...]
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February 2013
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Presenting the New Fiduciary Law

14th February 2012 – The Cyprus Fiduciary Association organised a presentation of the new Fiduciary Law L.196 (I)/2012, regulating the providers of administrative services to companies of international activities, at the Holiday Inn in Nicosia. The Anti-Money Laundering Directive DI144-2007-08 of 2012 of the Cyprus Securities & Exchange Commission, with which all regulated persons will have to comply, was also presented. The Cyprus Securities & Exchange Commission was present at the event with several representatives, two of which, Ms Eva [...]
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October 2012

CIIM, CFA Seminar on ‘The Role of the Director’

The Cyprus International Institute of Management and the Cyprus Fiduciary Association joined forces and presented a specialised seminar on 'The Role of the Director' which was attended by more than 100 delegates from companies offering directorship services. The seminar was an essential introduction to the role, duties and legal responsibilities of a nominee director acting for client companies. The guest speaker was Paul Munden, lead tutor at the Institute of Directors responsible for designing the governance and director roles and [...]
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June 2012
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CFA Professional Briefing

Cyprus Fiduciary Association Professional Briefing June 2012 – Cyprus Fiduciary Association hosted a Professional Briefing event on the 6th of June 2012 at the Ajax Hotel in Limassol. The event was attended by the Association’s Members and a great number of Fiduciary Providers of the island who were invited for a discussion concerning the latest developments on the new Fiduciary Law, currently under discussion at the House of Representatives, as well as the benefits of registering their Firms under the [...]
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May 2012

CFA First Officially Event

Cyprus Fiduciary Association is officially the first innovating factor of Fiduciary Sector The first official event of the Cyprus Fiduciary Association was successfully carried out on Wednesday, 2nd of May 2012, at Amathus Beach Hotel in Limassol. The event commenced with short speeches by the President of the Association Mr George Savvides, the Registrar of Companies and Official Receiver Mr Spyros Kokkinos, the Vice-President of the Cyprus Securities and Exchange Commission Mr Andreas Andreou, and the Senior Officer of the [...]
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