This comprehensive course delves into the critical aspects of substance management and control within corporate entities, with a particular focus on the regulatory framework in Cyprus. Designed for professionals involved in corporate governance, tax planning, and compliance, this course provides in-depth knowledge and practical insights into maintaining substantial presence and control within a company, ensuring compliance with both local and international regulations.
Aims of the seminar:
1. regarding the importance of substance, management, and control in Cyprus Companies.
2. regarding the contents of the substance, management and control test
3. regarding the Cypriot regulatory provisions
4. regarding the case law relating to management, substance and control.
5. regarding the substance risk factors.
6. regarding inland revenue approaches in Cyprus and abroad.
7. regarding the new European approaches to substance and control.
Why this seminar is important for you?
1. to apply the substance, management and control test – both in theory and in practice.
2. to analyse the management and corporate governance of client companies and identify any risk factors.
3. to implement policies and procedures and to better advise clients in relation to challenges relating to substance, management and control.
4. to identify the problems relating to dual residency of clients.
5. to better advise and protect clients from the challenges ahead relating to the ATAD-3.
Attending a course on substance and control in Cyprus can provide individuals with several valuable benefits and insights. Here are some reasons why someone might consider attending such a course:
- Many jurisdictions, including Cyprus, have introduced substance requirements to combat harmful tax practices and ensure that companies have a genuine presence and economic activity within their jurisdiction. A course on substance and control in Cyprus can help individuals understand these requirements and the criteria for demonstrating substance in the context of their business operations.
- International bodies such as the OECD and the European Union have been emphasizing the importance of substance and control in the context of tax planning and cross-border transactions. Attending a course on substance and control in Cyprus can provide individuals with insights into the evolving international standards and guidelines, enabling them to ensure compliance and mitigate risks.
- Substance requirements often involve understanding complex legal and regulatory frameworks. By attending a course, individuals can gain a comprehensive understanding of the regulatory environment in Cyprus, including the relevant laws, regulations, and guidelines related to substance and control. This knowledge can assist them in navigating compliance challenges and avoiding potential pitfalls.
- Substance requirements are not only about compliance; they can also provide an opportunity to optimize business operations. By attending a course on substance and control in Cyprus, individuals can gain insights into how to structure and organize their business activities to meet substance requirements effectively. This can help enhance operational efficiency and contribute to the overall success of their business.
- Professionals working in fields such as tax consulting, corporate law, accounting, or compliance may find attending a course on substance and control in Cyprus beneficial for their professional development. It can enhance their expertise, expand their knowledge base, and provide them with a competitive edge in advising clients or managing corporate affairs in relation to substance requirements.
- withNon-compliance with substance requirements can result in penalties, reputational damage, or other legal consequences. Attending a course can help individuals identify potential risks, understand the implications of non-compliance, and develop strategies to mitigate those risks effectively.
CPD Requirements
Participation in this course can be used to complete your CPD requirements for renewal of your lawyer's license.
Read our article: Substance and Control in the European Union
The ADAT 3 Directive: Universal Test for Management and Control
