CX FinanciaArsakeiou 19, Strovolos 2045, Nicosia, Cyprus •

+357 99611812+357 22323461

www.cxfinancia.com • info@cxfinancia.com

CX FinanciaArsakeiou 19, Strovolos 2045, Nicosia, Cyprus •

+357 99611812+357 22323461

www.cxfinancia.com • info@cxfinancia.com

ContentsWelcome to CX Financia 5

Financial Services Licensing 6

Compliance Support 8

Internal Audit 9

Accounting & Financial Regulations Compliance 10

Taxation Services & Consulting 10

Corporate Services 11

Banking Services 11

Debt Restructuring & Mediation Services 12

Cypriot Citizenship Services 13

Choosing Cyprus for Your Business 15

5

WELCOME TO CX FINANCIA

CX Financia is a highly-focused financial ser-vices support company that gives personalized attention to each client. We offer customized

business and investor services to corporations and high-net-worth individuals from around the world.

Professional to the core, we know and understand that international business is constantly evolving and reinventing itself – as are the methodologies, regu-lations and idiosyncrasies of the global financial in-dustry. At CX Financia, we know how to navigate the myriad of ever-changing rules and regulations to deliver optimized solutions to people and organiza-tions while continuing to minimize financial liability and risk, and enhance confidentiality.

“HIGHLY-FOCUSED FINANCIAL SERVICES SUPPORT… WE KNOW HOW TO DELIVER

OPTIMIZED SOLUTIONS TO PEOPLE AND ORGANIZATIONS”Our strengths come from a background in interna-tional accountancy, auditing, banking and stock mar-ket operations; our experience is industry-relevant and compliance-aware. And we are your single point of contact, which means that we bring real value.

WE MAKE IT HAPPEN

Tax Professionals

Financial Service Experts

Legal & Citizenship Experience

Accountants

Banking Professionals

Corporate Mediators

Experience

Core Values & Trust

Quality

WHO NEEDS A LICENSE

7

FINANCIAL SERVICESLICENSING

Companies worldwide are facing increasing pres-sure to conform to ever-more-stringent regula-tion, and regulatory entities are gaining more

and more authority to ensure that business licenses are in place. For most companies, the process of obtain-ing the relevant license means spending valuable time dealing with any number of regulatory bodies.

“CX FINANCIA REMOVES THE BURDEN OF APPLYING FOR

AND SECURING AN APPROPRI-ATE LICENSE IN ANY COUNTRY”

• Operating across multiple jurisdictions, and in conjunction with our network of professional part-ners, CX Financia removes the burden of apply-ing for and securing an appropriate license in any country or territory. Consulting and hands-on ap-plication services are provided to clients, together with advice covering all aspects of the application process.

• Optimum tax and regulatory jurisdiction solutions. We advise on the best options for jurisdiction, tax- and regulatory-wise, depending on client needs and specifications.

• Preparation of the application package – Our ex-perienced team undertake the preparation of all documentation required for license application to the regulator, from the initial to the final stage of approval, as well as assisting with gathering the nec-essary information to accompany the application.

• Drafting of all company documentation – A pre-condition for the application is to have adequate procedures and controls in accordance with the current regulation. We provide customized manu-als, policies and procedures.

• Extend the Group’s reach across jurisdictions – we can help extend your Group’s reach through a rep-office, tied agent, also assist with setting-up branch abroad or offering services cross-border.

KEY POINTS

• Turnkey solution for all your investment firm requirements

• Optimum tax and regulatory jurisdiction solutions

• Extend service activities to other countries (Passporting)

8

COMPLIANCE SUPPORT

Increasing regulatory pressure necessitates renewed procedures to monitor and prevent fraud. Today’s regulators require frequent reporting and empha-

sis is given to AML, organizations therefore need to be certain that their policies and procedures are fully compliant with current regulations. It is imperative for businesses to maintain a well-documented compliance program that clearly demonstrates reliable processes for identifying suspicious transactions.

“IT IS IMPERATIVE FOR BUSINESSES TO MAINTAIN

A WELL-DOCUMENTED COMPLIANCE PROGRAM THAT

CLEARLY DEMONSTRATES RELIABLE PROCESSES FOR IDENTIFYING SUSPICIOUS

TRANSACTIONS”Regulatory reporting is very demanding and extremely challenging for many companies, and is an area of high technical complexity. Our advisers can assist in pre-paring relevant statements or review any related work already undertaken, and can provide ongoing support and customized training as required.

Regulatory reporting is very demanding and is an area of high technical complexity.

• Our advisors can assist you to prepare these state-ments or review any related work done.

• Internal Capital Adequacy Assessment Process (ICAAP)

• Capital Adequacy, Large Exposures and Pillar III disclosures

• Anti-Money Laundering (AML) Reports• Compliance Officer and Risk Manager Annual

Reports• Quarterly Statistics

KEY POINTS

• Compliance and AML support• Risk management solutions• Regulatory reporting• Customized training• Compliance outsourcing

9

INTERNAL AUDIT

As the scale and complexity of the regulatory de-mands on corporations increase, alongside the growing need for accountability and transpar-

ency, and the negative impact of fraudulent activities, the integrity of an internal audit is becoming increas-ingly important. Senior management and executives are increasingly concerned about the vulnerability and exposure of their organizations to risks derived from the market, regulators, competition, or even within the organization as they face financial, operational, strate-gic, governance or reputational risk. Therefore there is a need to implement a precise, unbiased internal audit process to ensure adequate protection.

“THERE IS A NEED TO IMPLEMENT A PRECISE,

UNBIASED INTERNAL AUDIT PROCESS TO ENSURE

ADEQUATE PROTECTION”CX Financia’s team possesses great expertise in in-ternal audit procedures, utilizing past experience and ongoing high-level technical training to support out-sourced and ad-hoc internal audit and health check mandates across a series of jurisdictions. These in-clude FCA, CySEC, CBC and other EU and non-EU regulated entities.

KEY POINTS

• Full internal audit including in-depth examination of procedures and policies

• Review of best practices and corporate governance

• Preparation of auditor’s report • Review of regulatory control

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Actions

10

ACCOUNTING & FINANCIAL REGULATIONS COMPLIANCE

At CX Financia we can act as a client’s out-sourced bookkeeper, accountant, or CFO; compiling and presenting relevant financial

information and reports about business activity in ways that are clear, concise, current, and of course fully compliant. We undertake all the necessary back-office tasks associated with running a business efficiently and seamlessly, including payroll and cash management services, social insurance & PAYE filings, ensuring full support in achieving regulatory compliance.

“WE UNDERTAKE ALL THE NECESSARY BACK-OFFICE TASKS ASSOCIATED WITH

RUNNING A BUSINESS EFFICIENTLY AND

SEAMLESSLY”

The reconciliation of client funds can be complex and tedious. We offer support and training to equip per-sonnel with the essential skills and tools to undertake the tasks accurately and effectively.

TAXATION SERVICES & CONSULTING

Corporate tax planning is complex and requires specific expertise to devise an effective tax-min-imizing strategy and ensure that there are no

unexpected demands. In association with our network partners, we offer optimal tax solutions, enabling cli-ents to focus on the core activities of their business.

Our taxation services cover:• Tax advisory, structuring and international tax

planning• Registration with tax authorities• Filings and ongoing tax obligations• Group reorganization• Double tax treaties and EU directives • Permanent establishment issues • Transfer pricing considerations

TAX PLANNING VIA CYPRUSCyprus is the ideal gateway to these markets. Its enable firms to meet all European regulations. Additionally, Cyrus is home to one of the lowest corporate taxation regimes in the EU.

KEY POINTS • No capital gains tax on profits from the sale

of financial instruments.• Dividend income is exempted from tax.• No tax on deemed dividend distributions

fornon-tax resident investors.

11

CORPORATE SERVICES

Through our international network of associates we specialize in providing legal and fiduciary services for financial institutions and individ-

ual investors around the globe. CX Financia provides first class business services to help set up and grow new business from firm foundations, or to help exist-ing businesses with restructuring or rationalization pro-grams. Our corporate services help reduce the fatigue associated with implementing and managing decisions, allowing clients to concentrate on the ongoing success of their business.

Importantly, with the international focus firmly on ‘economic substance’ in terms of tax avoidance and company status, it is critical that the legal structure of a company is real and tangible. CX Financia provides international clients with customized substance solu-tions.

BANKING SERVICES

Opening a bank account can be complicated and problematic without someone to guide you. CX Financia enjoys working relation-

ships with a broad network of banks in reputable off-shore financial centers. This close partnership and cooperation enables us to facilitate the opening of a business account for each incorporation, onshore or offshore.

OUR CORPORATE SERVICES HELP REDUCE

THE FATIGUE ASSOCIATED WITH IMPLEMENTING AND MANAGING DECISIONS”

We guide clients in selecting the banking services most suited to their business and corporate structure, and support them throughout the application process.

KEY POINTS

• Introductory services to reputable banks• Opening of bank accounts• Advice on matters of due diligence• Set-up and management of online banking

facilities• Provision of bank signatories

KEY POINTS

• Company formation in Cyprus and other jurisdictions

• Nominee services • Sourcing directors • Substance solutions

12

DEBT RESTRUCTURING & MEDIATION SERVICES

Businesses facing cash-flow problems and finan-cial distress often need outside help to reduce and renegotiate delinquent debt in order to

improve or restore liquidity so that they can continue to operate.

We offer clients a comprehensive administrative and financial service that is designed to meet all require-ments for effective and acceptable debt restructurings and liquidity.

“HELP TO REDUCE AND RENEGOTIATE DELINQUENT DEBT IN ORDER TO IMPROVE

OR RESTORE LIQUIDITY”

And as a Licensed Mediator, CX Financia can assist clients in resolving financial matters when both parties agree to the mediation process. For families, a loan modification can help reduce mortgage payments, mortgage interest and/or a mortgage amount. Medi-ation in this situation means that a bank must try to save the primary home, and if both parties in the dis-pute cannot agree, the mediator will help them reach an agreeable solution. Using our mediation skills, we have successfully prevented foreclosures, and have ne-gotiated lower payments for clients.

KEY POINTS

• Solutions for financially distressed businesses and families

• Assist all parties to identify key issues• Help to explore alternative solutions• Guide parties to areas of common ground

13

CYPRIOT CITIZENSHIP SERVICES

Increasingly, Cyprus is becoming a popular choice among non-EU corporations and businessmen/women as the stepping stone into the European

Union trade area. No surprises here, as Cyprus of-fers easy access to a plethora of business opportunities across Europe, with low establishment and mainte-nance costs. It is a wise decision for any international business individual to seek Cyprus citizenship in order to qualify for the full range of benefits offered by the Cyprus business environment.

“IT IS A WISE DECISION FOR ANY INTERNATIONAL BUSINESS INDIVIDUAL TO SEEK CYPRUS

CITIZENSHIP”CX Financia will assist business persons to apply for Cyprus citizenship and manage the process from end to end:

•Application process guidance and preparation •Consulting on fulfilling the required financial criteria •Identification of investment options to meet the criteria •Assistance with identifying residential property and business assets acquisition options•Legal drafting for any real estate purchase •Consulting on acquiring the appropriate tax status •On-going monitoring of the application status •Assistance in obtaining a Cyprus passport & ID card

KEY POINTS

• Cyprus citizenship is also EU citizenship• Fast and simple procedure• No history or language proficiency tests• Nominal investment criteria

14

15

CHOOSING CYPRUS FOR YOUR BUSINESS

For any number of reasons, Cyprus is the perfect business bridge between the European Union and the rest of the world. Cyprus is business

friendly, and has been for hundreds of years. A trading center since the dawn of modern civilization, Cyprus has a strong history in commerce and, more recently, in international finance.

The country has become the established base for countless international companies wishing to take ad-vantage of its extensive range of high caliber services and highly qualified professional business practi-tioners. And importantly, Cyprus banks demonstrated great resilience through the global financial crisis and are now powering ahead.

“THE ESTABLISHED BASE FOR COUNTLESS INTERNATIONAL

COMPANIES”The Cyprus government is constantly finding ways to help companies by streamlining bureaucracy and reg-ulation, and with tax incentives and business initiatives.

•Consistently voted the most attractive European tax regime by major business organizations and tax professionals across Europe•Commended for the stability of its tax law, the consistency in interpreting its tax legislation and

its low tax and VAT rates•No capital gains tax on profits from the sale of financial instruments•Dividend income exempted from tax•No tax on deemed dividends distribution for non-tax resident investors•Legal system based on UK legislation and legal precedents•White-listed country adhering to the EU Code of Conduct with regard to its banking system•More than 35 foreign banks operate in Cyprus providing easy access to international banking

KEY POINTS

• Favorable tax structures• Highly educated, adaptable workforce• Highly developed infrastructure• Leading-edge communications

CX FinanciaArsakeiou 19, Strovolos 2045, Nicosia, Cyprus •

+357 99611812+357 22323461

www.cxfinancia.com • info@cxfinancia.com