Leading Corporate Service firm sets its sights on Hollywood

OPINION:

The Aspen Trust Group is one of the leading corporate service providers in Cyprus specializing in International Tax Management solutions for Corporates and High Net Worth Individuals such as headquartering, family office services, IP registration, banking and tax compliance and setup and management of entities globally. “We build long-term, trusted relationships with clients, aiming to add value to their businesses and be part of their success story” said Ms. Marina Zevedeou, CEO of the Aspen Trust Group.

Zevedeou was quick to point out the “unrealized” potential of Cyprus as an international film production destination, which is one of the government’s major bets. “Being at the crossroads of three continents, Europe, Asia and Africa, its close proximity to diverse cultures and scenery is unparalleled. Its stable sunny weather, internal short distances, harmonious blend of tradition and modernity and natural beauty make it perfect for filming. If that’s not enough to convince Hollywood, I’m sure the myriad of financial incentives offered by the government for the film production industry will” said Zevedeou. “Our team can assist in the setup and management of the entity which will apply for these incentives, as well as prepare all necessary reports to qualify for them, after advising on the best option to meet unique financial needs” she added.

Another core expertise that sets the company apart from its competitors is IP rights, as Cyprus is an ideal location for the setup of IP holding companies. “Our country has extremely beneficial incentives within its IP Box, while remaining fully compliant with OECD and EU regulations and ensuring full protection of the IP” explained Zevedeou, adding that the Cyprus IP Box Regime offers an 80% deduction of revenue earned from the use of intangible assets, taxing the remainder at the corporate tax rate of 12.5%, while Cyprus-resident companies can see an effective tax rate as low as 2.5%.

Cyprus is on the right track to becoming a leading regional business and investment hub, inviting multinationals to set up their headquarters on the island and enjoy the many benefits that are offered and Zevedeou assures that with growing regulations and compliance standards, Cyprus has evolved into a transparent, fully compliant and accountable jurisdiction and that the Aspen Trust Group is ready to serve more U.S. companies interested in doing business in the country. “We have come to appreciate that the U.S., comprising of an amalgamation of cultures and peoples, has created a unique combination of business skills and attitudes, making it one of the best places to work with. Our Group works hand-in-hand with clients to assist them reach their highest potential while ensuring full compliance and high-quality service” she said.

• Marina Zevedeou is the CEO of Aspen Trust Group. (https://aspentrust.com)