Cyprus is an ideal place for people relocating to the country whether for business purposes (setting-up a business or as an employee), for retirement or indeed for any other reason to bring their family along. It offers, among many other advantages, the following:
- Peaceful society with low crime rates
- Low pollution as there is no heavy industry and the island is not densely populated
- Fantastic weather
- Very rich Mediterranean-style cuisine
- Public and private schools and universities of very high standards
- Very good work-life balance aided by short distance travelling free from congestion
- English language is widely spoken
- Excellent social life with lots of sport and recreational venues and facilities and stunning beaches
- Low cost of living
For those families with extensive and often disparate business and personal interests, which are looking for a bespoke, personal, professional service, the Family Office facility takes over considerable time and concern involved in dealing with the family affairs so that the key figures can focus on value-generating activities.
Our involvement assists in doing this without the cost and hassle of establishing, staffing and running an own family office*. Among the main services offered are the following:
Financial Affairs Management
- Investment manager procurement
- Co-ordination of financial and succession planning
- Asset protection support
- Investment management coordination
Estate Planning and Administration
- Arranging for creation of testaments and wills
- Retirement planning
- Assisting with executorships
- Real Estate
- Real Estate advisory
- Bespoke property search
- Support with sale of real estate
- Property management (payment of common expenses, maintenance, security, insurance, etc.)
- Other Assets
- Support with acquisition of passion assets, such as yachts, aircrafts, classic cars, horses, works of art etc.
- Providing digital images and condition reports
- Arranging insurance covers
- Organising maintenance and storage
Family/General Support
- Payment of monthly bills
- Arranging travel and personal security
- Looking after children’s schooling
- Arranging education and training for next generation on issues such as wealth management, risk management, personal security, etc.
- Recruitment and HR services for domestic staff (nannies, chefs, housemates, gardeners, etc.)
- Organising private events (weddings, parties, receptions, etc.)
- Concierge Services
- Sourcing, evaluating and following philanthropic activities
- Secure physical safekeeping of documents
- Relocation services
Furthermore, we provide a wide range of corporate, compliance and administrative services, such as the following:
- Corporate and Trustee
- Accounting, Payroll and Tax
- Banking Administration
For more information about the above services you can refer to the dedicated pages on our website by clicking here.
*For establishing an own Family Office, you can refer to our general line of service related to Setting-up Presence in Cyprus