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200+ Leading Companies in Limassol

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Foreign Business Leaders in Cyprus

By John Vickers   We all know that Cyprus has worked hard over the years to gain a reputation as an international business centre, attracting foreign companies to set up branches and even headquarters here so as to take advantage of the island’s favourable tax ...
 

The World's Greatest Leaders

Governments are failing, companies are under siege, and age-old institutions are losing their grip. How do you lead in a time when everyone is a free agent, following his own star? Fortune has found 50 living lessons. Leung Chun-ying is the leader of Hong Kong. As chief ...
 

Credit Institutions in Cyprus

The banking sector in Cyprus, comprising local banks, subsidiaries and branches of foreign banks, is regulated, supervised and monitored by the Central Bank of Cyprus (CBC). By law, the Central Bank’s main objectives are to preserve stability in the financial sector, ...
 

The Top 50 Accounting/Audit/Tax Advisory Firms in Cyprus

Two years ago, in June 2013, Gold compiled its first list of the leading accounting, audit and tax advisory firms in Cyprus, ranked in order of size (i.e. by number of employees).  Now, some 27 months after the bailout of the economy and the near-collapse of the banking ...
 

The World’s Richest Hedge Fund Managers

Despite a decidedly poor year for hedge fund managers the world over in 2014, some 45 billionaires globally owe their fortunes to heading such an investment vehicle.  Indeed, though hedge fund performance during the year was less than stellar, most of the world’s ...
 

Cyprus Banks: Facts and Figures

Cyprus had always enjoyed a flourishing banking sector but, after joining the EU in 2004, its attractiveness as a base for holding and finance companies, and the significant increase in the number of foreign trading companies and regional headquarters setting up in Cyprus, ...
 

Revealing 2015’s Richest

Despite plunging oil prices and a weakened euro, the ranks of the world’s wealthiest defied global economic turmoil and expanded yet again.  For Forbes’ 29th annual guide to the globe’s richest, it found a record 1,826 billionaires with an aggregate ...
 

30 Strategic Proposals

The Cyprus Fiduciary Association’s most recent Forum, entitled “The Way Forward,” outlined the latest institutional policy trends and changes, as well as developments in servicing international investors.    Aiming to bring together all ...
 

Top 80+ Law Firms in Cyprus

“If there were no bad people, there would be no good lawyers.” Charles Dickens, The Old Curiosity Shop By John Vickers   The legal profession has always been a popular one with Cypriots and while other traditional choices (the civil service, ...
 

The Biggest Winners and Losers of 2014

Following the conclusion of 2014, we reveal the year’s largest financial winners and losers.   The biggest gainer of 2014 was Alibaba founder and executive chairman Jack Ma, the former English teacher-turned billionaire entrepreneur. ...
 

Hey Big Spender: Top Christmas Spender States

The Christmas period is a make or break time for retailers and their supply chain, with sales made in November and December having a disproportionate impact on their performance for the year. Last year, for example, total spending over the Christmas period in the major ...
 

The Largest Philanthropic Donations Of 2014

With the season of giving upon us, Wealth-X has released a list of the 10 largest single charitable donations of 2014.  Billionaire investor Warren Buffet made the largest donation of 2014, the list details, contributing US$2.1 billion to the Bill and Melinda Gates ...
 

CIBA Members 2014

The Cyprus International Businesses Association (CIBA) was established on 31 December 1992, on the initiative of a number of businessmen who had based their international activities in Cyprus, taking advantage of the island’s advantageous tax regime and relaxed immigration ...
 

The Richest Women in the World

Wealth-X has compiled a list of the wealthiest women in each region of the world.   Among them are heiresses of leading brands such as Christy Walton, who inherited a portion of the Walmart fortune after her husband’s death in 2005, and Liliane Bettencourt, ...
 

The World’s Top 20 Banks

July saw the release of 2014’s Top 1000 World Banks ranking, compiled and published by The Banker magazine, the financial affairs publication owned by The Financial Times. Providing in-depth data and analysis of the international banking industry’s performance, ...
 

The Richest Get Richer: Forbes 400

Thanks to a buoyant stock market, the richest people in the US just keep getting richer. That has made it harder than ever to join the ranks of Forbes’ 2014 list of 400 wealthiest Americans.   The price of entry to The Forbes 400 this year is $1.55 billion, the ...
 

The Most Powerful Women in Business

Fortune has released its annual list of the 50 most powerful women in business.    The list is compiled by Fortune editors, who consider four criteria: the size and importance of the woman's business in the global economy, the health and direction of the ...
 

Legal Business’ Global 100

It has been a rough few years for the supermen and women of the world’s largest law firms, notes Jaishree Kalia, author of Legal Business’ Global 100.   While the disputes and insolvency markets have soared since the 2008 crisis, the big name transactional ...
 

10 Top American Corporate Tax Avoiders

“Bigtime companies are moving their ‘headquarters’ overseas to dodge billions in taxes, and that means the rest of us pay their share,” bemoans Allan Sloan, a Journalist with Fortune 500.   In his feature, entitled ‘Positively ...
 

60 Potential Real Estate Investors

It is undeniable that foreign investment will be a key catalyst in the process of restarting the Cyprus economy.    Through which means, though, may this investment be encouraged?    Real estate is being pinpointed as an area with great potential, ...
 

Double Taxation Treaties

Double taxation treaties are credited the world over as being vital to making a jurisdiction more attractive, more accessible, and more transparent; none can refute the paramount place DTTs hold in encouraging investment and collaboration between two states. Whilst Cyprus has a ...
 

The Biggest Companies in Cyprus

Though a magnanimous undertaking, IN Business has, for the second consecutive year, released its collector’s edition, IN Business 700+, featuring – as the name suggests – over 700 of the biggest companies currently operating in Cyprus.   Last ...
 

Council of Economic Advisers

Tasked with the vital job of advising the President on matters of economic policy, the Council of Economic Advisers of Cyprus – one might say – holds the key to unlocking sustainable future economic growth.   As described by Sir Christopher Pissarides, ...
 

Europe's Best Banks

The financial crisis has proven to be one of the most significantly challenging periods for banking institutions worldwide. Faced with necessary changes in regulation, tighter capital requirements, non-performing loans and stunted revenue growth – not to mention ...
 

Tax Leaders of the ‘Big Five’ in Cyprus

Cyprus has long had a reputation as an attractive tax jurisdiction and many international companies, individuals and investors have relocated their operations to the island to take advantage of its unique benefits.    Complementing the effective tax structure of ...
 

Cyprus’ EU & Competition Law Experts

Dating back to its inception in the Roman Empire, Competition Law is an essential type of legislation that seeks to maintain market competition, by regulating anti-competitive conduct by companies. These ‘antitrust’ laws apply to virtually all industries, as ...
 

Members of the CFA

The Cyprus Fiduciary Association has long been an advocate for the development of the professional and financial services sectors in Cyprus.   The association aims to strengthen Cyprus’ reputation as an International Business Centre, streamlining the management ...
 

Highest Corporate Tax Rates

Nearly two-thirds of CEOs around the world say the international tax system is in urgent need of reform, and 70% say the impact of tax on their company’s growth is among their top concerns.    With international businesses increasingly seeking to relocate ...
 

Cyprus' IP Law Experts

Intangible, complex, competitive; intellectual property rights are extraordinarily crucial to the success – indeed the survival – of almost every company.    Defined as the exclusive rights to “creations of the mind” by Richard Raysman, ...
 

The World’s Top 20 Oil Companies

In an age of renewable energy and an obsession with sustainability, fossil fuels still remain king.    Most of us in the modern world use a combination if oil and gas to power our daily lives, fuelling everything from cars and homes to the integral structures ...
 

Luxury Hotels in Cyprus

With is azure waters, golden sand, and almost perpetually shining sun, Cyprus has evolved into a touristic Mediterranean haven. Discerning customers demanding of decadence will not be disappointed: Cyprus’ luxury hotel offerings are ever-increasing, embellishing the island ...
 

Banks in Cyprus

Investors, individuals, and enterprises alike depend on financial institutions to facilitate growth and prosperity.    Trust, transparency, and tailored services are indispensable in the building of long and lasting relationships between bank and client. ...
 

Cyprus Shipping Chamber: Full Members

Though the Cyprus-Troika loan agreement has brought an end to the financial uncertainty surrounding the country’s banking system, strict austerity measures imposed on Cyprus have affected the smooth operation of shipping companies based here.    Thomas ...
 

120+ Leading Companies in Limassol

Limassol, the second-largest city in Cyprus, has often been described as 'the dynamo of the Cyprus economy' and not only by the local Chamber of Commerce and Industry whose job it is to promote their home base.    It is generally accepted that the ...
 

Top 50 Cyprus Accounting, Audit, Tax & Advisory Firms

Number Crunchers. Bean Counters. Ledger Lovers. Account Ants…These are just some of the more innocent nicknames used when referring to accountants and auditors while to those outside the profession, only one word comes to mind to describe their job: boring! Of course, ...
 

30+ Talented Young Professionals

In order to form a clear picture of how these gifted young professionals view Cyprus, the current financial crisis and their own situation, we asked them for their views on a range of issues. A selection of their answers is presented on the following pages but some clear and ...
 

50 Leading Female Financial Services Professionals

In 2010, IMF Head Christine Lagarde, who was France’s Finance Minister at the time, quipped to a journalist that “Ιf Lehman Brothers had been Lehman Sisters, today’s economic crisis clearly would look quite different”. Many people, and not only women, ...
 

Top 10 Stock Markets of 2013

A list of the world’s 10 best performing stock markets of 2013 – courtesy of independent investment research firm, Morningstar – has been released, and a few surprise entries have caused eyebrows to be raised.   For example, should an audacious ...

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