Eurofast - The company's profile
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1 ORGANISATION PROFILE June 2015
Transcript of Eurofast - The company's profile
1
ORGANISATION PROFILE
June 2015
AGENDA
▪ Where we came from▪ Numbers…and why we don’t care about them!▪ What we are good at…and why!▪ Our passion about tax▪ What others think about us▪ Who do we work with▪ Our focus on knowledge
Agenda
Eurofast is a regional business advisory organisation employing over 200 people in South East Europe & East Mediterranean.
Our team of professionals is capable of efficiently addressing all client needs in one single meeting, using one single language
for all the countries in the Region.
Profile
In the emerging markets where we operate in SEE and EM, by the year 2020 we want to see our Organization being the No 1 reference point for businessmen seeking reliable advice in terms of advisory, legal, tax, M&A, assurance, corporate, payroll & accounting. A dream team of forward thinking, qualified, outstanding local professionals with an international outlook, who are always reliable, exclusive, personal, innovative, accountable but above all genuine persons our clients can trust and become friends with.
We would like to be an international boutique of leading professional services company, in the top-10 professional rankings in terms of size compared to other similar organizations in our Region- the preferred choice of thousands of Organizations.
We simply want our clients to stand out and proudly say: "WE WORK WITH EUROFAST IN THIS PART OF THE WORLD!”
Our Vision
We do not seek merelyto satisfy our clients,
We seek to delight them!
Our Mission
What we are good at…Our Services
•International Tax•Mergers & Acquisitions and Transactional Advisory•Transfer pricing•Accounting services•Financial services•Outsourced Payroll and Employment solutions•Corporate services•Citizenship & Residency services•HR administration
•Banking and Financial services•Business Restructuring & Insolvency•IT specialized services•Tax Planning & Tax Compliance•Real Estate tax•Shipping Tax•Energy Tax•Intellectual property•market entry services
Bringing value to clients with our service
Eurofast is Taxand Cyprus
International Tax Eurofast advises and prepares suitable tax plan tailored to your needs. We can maximize your taxation benefits and advantages, minimize tax liabilities, increase tax savings and increase your business liquidity and asset coverage.
• Tax advice surrounding transactions, disposals and spin-offs• Designing acquisition and holding structures• Tax controversy & litigation
• Indirect tax consulting and guidance• VAT compliance and fiscal representation• Indirect tax reviews and planning
Our International Tax services
Our Indirect Tax services
Our Tax Planning and Tax Compliance services
•Review your business operations and group structure•Consider possible restructuring ways for tax saving optimization•Registration to the Tax Authorities•Preparation and submission of tax returns to the Tax Authorities•Tax rulings and negotiations with Authorities•Assistance with Tax Investigations
Our Real Estate Tax Services
• Tax efficient real estate structures• Construction/ development tax strategies• Tax advice (transactions, disposals, spin offs)• Tax neutral financing arrangements
Tax Planning & Tax Compliance Real
Estate Tax
Real Estate Tax & Shipping Tax Shipping Tax &
Energy Tax Our Shipping Tax services
•Shipping Taxation•Ship and Yacht Registration Worldwide•Crew Payroll and VAT•Mergers and Acquisitions Transactions•Transfer of ship ownership
Our Energy Tax services
•Efficient energy structures – Plan strategically and apply deep insight to establish efficient energy structure•Energy projects – Legal and tax advice support •International investors – Our company is an active member of Taxand Energy Service line enabling the exchange of knowledge and expertise between the experts in this field and facilitating their collaboration under various international projects
Intellectual propertyEurofast can provide services for innovators and companies to protect their Intellectual assets.
Our Intellectual property services
•Establish Cyprus IP holding structure•Review and advice on corporate statutory compliance matter•Registration of IP (trademark, patent)•Create IP – related substance•Provide ongoing support
We advise, in the best possible way, every enterprise which is interested in exploring opportunities for development, as far as selling, buying or merging their enterprise with other companies.
• Research of the business environment and market• Negotiating and closing• Preparation and training for high level members of companies• Corporate Law• Legal, tax and financial due diligence• Transactions and Trade finance
Our M&A Services
M&A and Transactional Advisory
Transfer Pricing Eurofast can assist your company to comply with both legal and economic requirements of the countries in South East Europe and Eastern Mediterranean.We can help you design and implement a Transfer Pricing policy that makes sense for your business, capitalize on efficiency and drive your performance.
• Defense strategies• Transfer Pricing Planning and Compliance• Advice and assistance in preparing Transfer Pricing documentation• Negotiations with Revenue Authorities
Our Transfer Pricing Services
Accounting Our Accounting department consists of a team of highly skilled and experienced accountants who are able to offer you all of the accounting services required.
• Computerization of Accounting Records • Monthly Accounting Support Services • Monthly, quarterly, biyearly and yearly Management Accounts• VAT book keeping• Accounting Compliance and Reporting
Our Accounting Services
Financial services Eurofast can provide guidance to a company in obtaining a Cyprus Financial services license, assisting on the completion of all requirements until the competent authorities deliver their assessment
Business plan• Prepare the draft of a specialized Memorandum and Article of Associations • Obtaining all relevant certificates • Guide clients on the Cyprus legislation and requirements on Financial Services Regulation • Preparation of the application and consultation on the structuring of the company• Guidance on the preparation of the three years business plan as required by law• Drafting of the anti money laundering manual • Determination of the internal procedures and the know your client policies
Our Financial Services
Employment & Payroll Services Eurofast has become a leader in employment and payroll services offering
practical and responsive advice to a wide spectrum of clients including multinational and locally listed companies, mid-market companies and large private entities.
• Long and short-term global equity and cash plan design and implementation• Payroll preparation and processing• Employer and employee tax, social security, withholding tax• Legal and regulatory global due diligence• Employee compensation and engagement programs• Equity awards for international assignees
Our Employment & Payroll Services
Corporate Services We aim to provide high quality services in an efficient and effective way. Our wide experience and technical knowledge enables us to offer corporate services with a first-class level of quality, in accordance with our philosophy of going beyond merely satisfying our clients to the level of delighting them.
Eurofast is Authorised and Regulated by CySEC: ASP license no. 04/196
• Company Registrations in various jurisdictions•Representation services•Opening and management of bank accounts,•Creation and management of Trustee services•Company administration
Our Corporate Services
Citizenship & Residency services
Eurofast offers full professional assistance for its clients in obtaining residency and citizenship through “Citizenship by investment” programs in Cyprus and Balkan countries.Local lawyers, tax experts and other professionals in fully pledged offices are ready to provide you with the best advice in all matters related to residence programs.
•Preparation of applications and documentation to be submitted• Submission of documentation to authorities• Representation of applicant for the communication with the authorities• Tax advises on investment opportunities• Assistance on finding and acquiring the immovable property• Preparation of necessary agreements and compliance with the law• Assistance with VAT refund• Work permits
Our services for Citizenship & Residency
HR administrationWe aim to provide HR administration services to our clients with ongoing support by handling HR administration documents and dealing with the employment and labor law issues.
Our HR administration services
•Maintaining employees’ records•Reporting (drafting HR-related reports)•Drafting individual employment contracts/agreements•Elaboration of Labor internal regulations•Submission of HR – related reports to Authorities•Dealing with work permits and residence permits
Business Restructuring & Insolvency
Eurofast offers solutions regarding to the legal and practical issues arising from a company’s restructure and insolvency.
Our Business Restructuring & Insolvency services
•Business restructuring•Assistance with banks, restructuring of loans•Cash and working capital management review•Acquisition of distressed businesses•Advice on directors’ responsibilities•Liquidations
IT specialised services
We offer various IT specialised services along with software and web development.
Our IT specialised services
•IT services (Remote virtual computers, shared space (backup), secure chat, VPN – Our datacenter is located in Switzerland on high secure Level 4 (TierData IV) facility•Cloud services (VPN, backup, emails, web hosting, domains, custom virtual servers, infrastructure as a service, VoIP)•Business continuity and Data recovery procedures•IT sourcing: Remote IT support – servers, routers, workstations Remote IT equipment monitoring (serves, routers, workstations)•Software and web development: Website development Development of Mobile apps Development of promotional videos
Eurofast can provide guidance for market entry services for new entrant businesses in order to maintain their competitive advantage in the market.
Market entry services
• Identify & give access to opportunities in South East Europe• Market Research & analysis• Partner search • Contract preparation and negotiations • Business and marketing plan • Finding suitable office/ store and negotiating price and terms of lease • Recruiting
Market entry services
Services for Financial Institutions
Eurofast is in strategic cooperation with Calculus, FICO and Mr. Spyros Stavrinakis to provide services in Cyprus and South East Europe and East Mediterranean to banks and other institutions in the area of:
• Risk Management• Basell II/III, Collections• Non Performing Loans• Restructuring• Credit Scoring• Predictive Analytics• Analytics Software and Tools to:• Manage risk• Fight fraud• Build more profitable customer relationships
Where can you find usSingle point of Contact, Many Points of View
▪ Lefkosia▪ Athens▪ Thessaloniki▪ Sofia▪ Bucharest▪ Belgrade▪ Tirana▪ Skopje▪ Pristina▪ Banja Luka/
Sarajevo
▪ Zagreb▪ Cairo/ Alexandria▪ Podgorica▪ Kiev▪ Moscow▪ Tbilisi▪ Beirut▪ Erbil
Eurofast in numbers…
Over
200people across South East Europe and East
Mediterranean
21Offices in SEE and East
Mediterranean
5-35Team members in
every office
1Reference point;
1 meeting handles all!
…and why we don’t care about them!
…and why we don’t care about them!
If you measure success in numbers, Eurofast hasn’t achieved all that much. We have never focused on numbers. We prefer to think how to better become
exclusive personal innovative flexible accountable
…and to personally know every single client!!
Regional Competitive Advantage
• Positioned as primary business advisory organisation in the Region
• Only organization which covers entire Region
• We eliminate cultural, language, social & communication barriers
Eurofast offices
All our Eurofast offices: ➢Fully fledged➢Have local team members ➢Connected via telephone extensions➢Connected via video ➢Follow the ISO procedure
…and why we are good at it
Partner Led from Start to Finish
1▪ Management Team
with a Western European philosophy▪ Reference point▪ Meeting handles all!
…in 1 meeting
➢In 1 meeting: - Issue relating to: Country A Country B Country C Country D
➢1 person responsible
Eurofast
Client
The Taxand Story
Taxand : only global organization focused on tax;Eurofast is Taxand Cyprus
2000Leading Tax
Advisors
400Tax Partners
50Independent (do
not undertake audit) tax firms
Up to 25Offices
per country
9Service
areas
1▪ Common purpose – practical advice, responsively delivered▪ Taxander per country▪ Global brand▪ Board with 9 members▪ Global Executive Committee with 50 members▪ Uniting passion – tax▪ Eurofast is Taxand Cyprus
The Taxand StoryDemand
Our passion about tax
In 2002 the tax advisory landscape changed radically
New legislation introduced to prevent repeat disasters
Client demand created for independent (separate from audit) tax advisory services and Big 4
alternatives
Complexity of tax systems requires dedicated tax professionals
Worldwide business operations require global capability
And … local tax legislation differences require local tax
specialists
The largest international network of tax advisors disappeared
The Taxand StorySupply
Our passion about tax
The world’s largest independent tax
organizationNow comprises 50 member firms and
preferred contacts worldwide
Globally providing clients with access to over 2,000 tax professionals and 400
partners
Working together delivering integrated global services
Focused on delivering high quality, senior led, seamless service
And… still growing – more countries; local expansion
Founded by a respected group of 9 entrepreneurial, independent tax firms
Established in March 2005 to respond to market demand
Taxand Key Facts
What othersthink about us
What others think about us
International Tax Review: The only authoritative and genuine awards in taxation worldwide!
South East Europe & Eastern Mediterranean
Our key people
▪ Regional Director, SEEEM▪ Bachelor in Accounting, Diploma information technology
Specializations:▪ M&A▪ Payroll▪ Employment solutions▪ Advisory services
Panayiotis Diallinas, [email protected]
Tel: +30 210 825 7722
RomaniaOur key people
▪ Managing Partner▪ Certified Tax Auditor, Financial Auditor, Expert Charter
Accountant, Authorized Trainer of financial Auditors & Accredited Financial Auditor of Eufunds. Specializations:
▪ Audit▪ Accounting▪ Payroll▪ Employment solutions▪ Tax Advisory▪ M&A
Iulia Lascau [email protected]
Tel: +40 21 318 2262
GreeceOur key people
▪ Transfer Pricing Advisor SEEM▪ Certified Public Accountant member of
ELTE, BSc in Economics-University of Athens, MSc in applied Economics and Finance, Professional Qualification in Audit by the Institute of Certified Public Accountants (IESOEL)
▪ Specializations:▪ Tax & regulatory compliance▪ Transfer Pricing in South East Europe &
Eastern Mediterranean▪ Audit
Anastasia [email protected]: +30 210 825 7722
Our key people
▪ Chief Accountant at Eurofast Sofia ▪ International Economic Relations from University of
National and World Economy in Sofia Specializations:
▪ Tax Consulting▪ Payroll & Accounting▪ Employment services ▪ Local statutory compliance ▪ Application of IRFS.
Ivan [email protected]
Tel: +359 2 988 69 77
Bulgaria
AlbaniaOur key people
▪ Tax Accountant at Eurofast Tirana▪ Graduated from State University of Tirana, Faculty of
Economy. Holds a BSc in Finance Specializations:
▪ Payroll & Accounting▪ Employment Solutions▪ Tax Advice▪ IFRS▪ Accounting
Drilona Likaj
Tel: +355 42 248 548
FYR MacedoniaOur key people
▪ Executive Administrator, Eurofast FYR Macedonia▪ BSc degree in Computer Management Information
Systems and MBA with a concentration in Marketing. Specializations:
▪ Business Development▪ Management▪ Marketing
Elena Kostovska
Tel: +389 2 24 00 225
Bosnia, Croatia, Slovenia Our key people
▪ Regional Executive, Bosnia▪ Economics in Banja Luka, specializing in Business and
Entrepreneurship. Master Degree from the Frederick University Nicosia Specializations:
▪ Accounting & Payroll Advisor▪ EU Funds
Dajana Topic
Tel: +387 51 340 680
MontenegroOur key people
▪ Acting Manager of Eurofast Montenegro▪ Bachelor of University in Economics
Specializations:▪ Financial services▪ Employment▪ Payroll▪ HR services
Jelena Zivkovic
Tel: +382 20 228 490
CroatiaOur key people
▪ Tax and Legal Advisor, Eurofast Croatia▪ Master of Law from the University of Zagreb
Specializations:▪ Expertise domestic tax advice, real estate, corporate
law, corporate insolvency, M&A.▪ Employment Law ▪ Obtaining work and residency permits for clients.
David Jankovlievic
Tel: +385 17980 646
Ukraine Our key people
▪ Country Executive, Eurofast Ukraine▪ MBA degree, specializing in Management from
University of Nicosia in Cyprus and holds a Master Degree of the Kyiv National Pedagogic University Specializations:
▪ Business Development▪ Management▪ Marketing
Nadiya Omelchuk
Tel: +38 044 502 10 68
GeorgiaOur key people
▪ Country Director, Eurofast Georgia▪ Master of Law degree with honors from Kyiv
Shevchenko University Specializations:
▪ M&A▪ Risk management control ▪ Employee law▪ Restructuring of Banks ▪ Insolvency
Anna Pushkaryova
Tel:+ 995 32 220 00 11
Bosnia & HerzegovinaOur key people
▪ Accountant Eurofast in Bosnia and Herzegovina▪ Bachelor in Economics▪ Member of the Association of Accountants and
Auditors of the Republic of Srpska
Specializations:▪ Accounting and Payroll▪ Tax issues▪ Employment services▪ Financial services IgorVujasinovic
Tel : +387 51 961 610
EgyptOur key people
▪ Tax&Legal advisor in Eurofast in Egypt
Specializations:▪ Tax issues▪ Employment services▪ Financial services
Mohamed Ezz [email protected]
CyprusOur key people
Chris Damianou, Director, International Tax
▪ Certified Public Accountant, member of the AICPA
▪ Specializes in international tax structuring and planning, including real estate structuring
▪ Over 25 years of working experience in tax consulting, working with local as well as multinational companies
▪ Author of numerous taxation articles published in the International press and magazines
▪ Former Chairman of the Europe/Middle East/Africa BKR International, one of the top-20 international
accounting and tax organization.
▪ Former President of the Junior Chamber International of Cyprus in 1999.
▪ Honorary Consul of the Republic of Montenegro (except Limassol) in Cyprus.
CyprusOur key people
Zoe Kokoni, Director
▪ Specializes in Tax, Payroll and Labor issues.
▪ Extensive experience in Greek, Bulgarian and Cyprus immigration rules.
Deals with citizenship and residency permits issues, provides advisory
services to expatriates on taxation issues and employee benefits, as
well as social security issues.
▪ Member of Taxand Global Compensation Service line and a Board
member of Antea
▪ Head of our Eurofast representation in ADP Streamline for Greece and
Cyprus.
CyprusOur key people
Maria Damianou, Director, Accounting Support Services
▪ Specializes in accounting, payroll, employer services,
indirect domestic tax and compliance services in Cyprus
▪ Responsible for the management of payroll services of
clients located in multiple locations
▪ Author & contributor of numerous publications
specialized in employment and indirect taxation
CyprusOur key people
Myranda Chatzimatthaiou, Tax and Legal Associate
Specializes in
• Domestic and international tax issues
• Double Tax Treaties consulting
• Accounting, payroll, employer services, indirect
domestic tax and compliance services in Cyprus
• Responsible for the management of payroll services of
clients located in multiple locations
• Author & contributor of numerous publications
specialized in employment and indirect taxation
CyprusOur key people
Maria Savva, Director, Regional Operations
▪ Business Communication Finance (Concordia University,
Montreal). MBA (University of Cyprus)
▪ Supervises and manages all day-to-day operations (HR, IT,
Admin, Marketing) across all offices
Our focus on knowledge
Credentials
Credentials
Credentials
Credentials
Credentials
Credentials
Our focus on knowledge(Taxand publications)
Our focus on knowledge
Media Commentary
Staying close to our community
www.eurofast.eu
Find us online
Thank you!Questions/ Answers
