III INTERNATIONAL

BUSINESS CONFERENCE

«Planning of International Business: Experience of Russia, Europe and Asia»

2-3 June 2011, Saint-Petersburg

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Invitation to the conference

We are happy to invite you to participate in the 3-d Annual International Business

Conference “Planning of International Business: Experience of Russia, Europe

and Asia”.

The aim of the event is to create an opportunity for discussion the business

development between Russia, Europe and Asia.

Organizers:

– IMPEX CONSULT GROUP(Russia)

– Management & Bookkeeping Services (Tallinn, Estonia)

IMPEX CONSULT is one of the leading firms on the Russian market of

international tax planning providing registration services in more than 20

jurisdictions of the world. The company helps its clients open bank accounts in

foreign banks as well.

IMPEX CONSULT is the member of the following organisations:

– The International Tax Planning Association (ITPA)

– The Association of European Business (AEB)

– Asia Offshore Association

Management & Bookkeeping Services is the part of IMPEX CONSULT GROUP

and provides auditing and accounting. The company is located in Tallinn

(Estonia).

Some people say the recession is over, others still face difficulties doing their

business in Russia and other countries. But we can surely claim that

business is looking for new opportunities for growth and development and

the ways to increase its value.

The objective of this conference is to provide an opportunity for professional

advisers and business representatives to meet and discuss new waves and

tendencies in the area of international tax planning, raising finance, and

capital investment. Participants will learn much about recent changes in

Russian tax law regarding international taxation and find out the advantages

of doing international business through corporate structures registered in

Austria, Sweden, Netherlands, Slovakia, Lithuania, Cyprus, Liechtenstein,

Singapore and others. Besides that, great attention will be paid to the

opportunities for capital investment and raising finance..

IBCPIBтм 2011 is a great possibility to establish dialogue between the leading

Russian, European and Asian consulting firms, banks’ representatives,

business owners, and top management who are interested in their business

improvement and establishing new useful contacts. The conference

attendees will get maximum of useful information on all aspects and share

their experience.

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Conference brief description

Highly-qualified specialists of leading European and Asian banks, legal and

accounting firms, financial institutions and business sector are invited to

perform as conference speakers.

More than 100 delegates: chief executive officers, top-managers, owners of

trade, investment, industrial companies, specialists in the sphere of law and

financial consulting from Europe and Asia will take part in the conference.

We are happy to invite you to become a delegate on the 3-d International

Business Conference “Planning of International Business: Experience

of Russia, Europe and Asia” which will take place in an amazing city Saint-

Petersburg which is called northern capital of Russia.

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Conference timetable*

Time Event

5.00 pm – 6.00 pm Boat excursion along the rivers and canals accompanied by

Russian and English speaking 2 guides

7.00 pm – 9.00 pm Welcome cocktail in honor of the participants at Park Inn

Pribaltiyskaya

Wednesday, 1 June 2011 (delegates arrive)

Time Event

9.00 am – 9.40 am Delegates registration, morning coffee

9.40 am – 10.00 am Welcome speech

Session 1 RUSSIA AND INTERNATIONAL TAX RELATIONS.

EXPERIENCE OF ASIA

10.00 am–10:30 am Recent Changes in Tax

Legislation of Russia

Regarding International

Taxation

Rustam Vakhitov, head of

the International Tax Practice

(Russia)

10.30 am–11:00 am Tax Risks While Structuring

Assets in Russia: The

Review of Recent Court

Rulings in Russia with the

Participation of Foreign

Companies

Kirill Bondarenko, head of

Moscow office of Impex

Consult Group (Russia)

11.00 am–11:30 am

Case Study: Tax Liability of

Non-Resident Entities to

Source-Based Income From

Debt Transactions in Russia

Kirill Petrov, expert of

TaxArt Group (Russia) +

representative of Russian

company from the real sector

11.30 am–12:00 pm Coffee break

Thursday, 2 June 2011 (the first day of the conference)

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Conference timetable

Time Event

12:00 pm-12:40 pm

The Specificity of

International Taxation

while Investing into

ASEAN countries:

Experience of Vietnam

and Indonesia

Chor Ghee Lim, partner of

VIETVALUES Audit and

Consulting Group (Vietnam)

Session 2

THE ADVANTAGES OF EUROPEAN AND ASIAN

COMPANIES: CHOOSING THE RIGHT JURISDICTION

WHILE STRUCTURING ASSETS IN RUSSIA AND

ABROAD

12:40 pm-1:20 pm

Austria: How to

Successfully Blend the

Interests of Russian

Family and its Business

in a Cross-Border

Environment

Erich Baier, owner and general

manager of Bilanz-Data (Austria)

1:20 pm-2:00 pm

Swedish Companies as

an Efficient Instrument

While Structuring

Investments into Russia

and Overseas

Jacob Hoogenboom, Managing

Director, Intertrust Group

(Russia)

2:00 pm-3:00 pm Lunch

3:00 pm-3:30 pm

Opportunities of IPO on

AIM of London Stock

Exchange with a Help of

Cyprus Companies: Tax

Review

Stelios Gregoriou, director of

Baker Tilly Klitou (Cyprus)

3:30 pm-4:00 pm

The Advantages of Doing

Business in Malta and

through Malta,

Opportunities for Tax

Planning

Francis J. Vassallo, owner and

managing director of Francis J.

Vassallo & Associates (Malta)

4:00 pm-4:30 pm Coffee break

4:30 pm-4:50 pm Run Your Business from

Slovakia

Andrej Filanda, PF/ACT, s.r.o.

(Slovakia)

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Conference timetable

Friday, 3 June 2011 (second day of the conference)

Time Event

Session 2 (continued)

4:50 pm-5:20 pm

Singapore as an

Attractive and Reliable

Basis while Structuring

International Investments

into Russia and Asia

Joe Cheung, Sovereign Trust

(Singapore) Pte. Ltd.

(Singapore)

5:20 pm-6:30 pm Free time

6:30 pm-7:00 pm Transfer to the restaurant “Russkiy Kitch”

7:00 pm-10:00 pm Dinner in the “Russkiy Kitch” restaurant, courses of preparing

samogon (home distilled vodka)

10:00 pm–11:00 pm Walking excursion to the Bronze Horseman

11:00 pm–1:00 am Boat cruise along the Neva and to the Gulf of Finland

Time Event

9:30 am-10:00 am Registration, Morning coffee

Session 2 (continued)

10:00 am-10:30 am Liechtenstein: Financial

Center and Gateway to

International Markets

Daniel Hess, director of ARTHA

TRUST REG. (Liechtenstein)

10:30 am-11:00 am

The Netherlands: New

Posibilities

Rene van den Outenaar,

director of Molade Trust

Management (the Netherlands)

11:00 am-11:30 am

Lithuanian Companies:

Opportunities for Tax

Planning, Investing and

Asset Protection

Jaroslavas Lukoševicius, The

Prospera Group (Lithuania)

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*The conference organizers have the right to make changes in conference timetable and list of speakers without prior notification. However, the possible changes will not affect the conference objectives.

Saturday, 4 June 2011 – departure from the hotel

Time Event

11:30 am-11:50 am Coffee break

11:50 am-1:00 pm Round Table Discussion (1):

The Issues of the Concept of Beneficial Ownership in

Russian and Foreign Taxation

11:50 am-1:00 pm Round Table Discussion (2):

Transfer Pricing Issues in Russia and Overseas

1:00 pm-2:00 pm Lunch

2:00 pm-3:00 pm Round Table Discussion (3):

Fund-raising Opportunities and Ways of Attraction of

International Investments for Russian and Foreign Business

3:00 pm-4:30 pm Free time

4:30 pm-5:00 pm Transfer to Peterhof by Meteor

5:00 pm-18:30 pm Excursion of the Lower Gardens of Peterhof, visiting the

Grotto

7:00 pm-12:00 am Gala dinner at the restaurant “Russkaya Versaliya”

(Konstantin Palace)

11:30 pm Fireworks

12:00 am AFTERPARTY

Standard Package - 1200 Euro

• Participation in all sessions and round tables according to the conference

program;

• Coffee breaks and lunches;

• Handout of the conference materials;

• Simultaneous translation;

• Sightseeing tour of Saint-Petersburg by river & canal;

• Welcome cocktail in honor of the opening of the conference ;

• Evening events: Dinner in a traditional Russian restaurant, foot walk with the

guide, sightseeing tour of the Neva & Gulf of Finland, visiting of Lower Park &

Grotto (Peterhof), gala banquet at the restaurant “Russkaya Versaliya” in honor

of the closing of the conference;

• Invitation from our part to obtain visa to Russia (if required).

Information Package - 800 Euro

• Participation in all sessions and round tables according to the conference

program

• Coffee breaks and lunches;

• Handout of the conference materials;

• Simultaneous translation;

• Sightseeing tour of Saint-Petersburg by river & canal;

• Welcome cocktail in honor of the opening of the conference;

• Invitation from our part to obtain visa to Russia (if required).

Attendant Package - 400 Euro

• Sightseeing tour of Saint-Petersburg by river & canal;

• Welcome cocktail in honor of the opening of the conference;

• Evening events: Dinner in a traditional Russian restaurant, foot walk with the

guide, sightseeing tour of the Neva & Gulf of Finland, visiting of Lower Park &

Grotto (Peterhof), gala banquet in restaurant “Russkaya Versaliya” in honor of

the closing of the conference;

• Invitation from our part to obtain visa to Russia (if required).

Additional service packages to the participants:

• Individual transfer «Airport - Park Inn Pribaltiyskaya - Airport»;

• Evening events: Dinner in a traditional Russian restaurant, foot walk with the

guide, sightseeing tour of the Neva & Gulf of Finland, visiting of Lower Park &

Grotto (Peterhof), gala banquet in restaurant “Russkaya Versaliya” in honor of

the closing of the conference.

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Terms of Participation

About Saint-Petersburg

Saint-Petersburg is located on Golf of Finland of the Baltic Sea and is called

the “The Russian gates to Europe”. The city is the strategic Russian center

which boarders with European Union.

Today Saint-Petersburg is one of the fastest developing cities in Russia which

has a great investments potential.

Saint-Petersburg is surely considered one of the most beautiful cities of

Europe. Its historical center and numerous palaces and parks in suburbs are

included in the list of the World Heritage of UNESCO. The “city of white

nights” is ranked one of the first in the world by the number of waters and

bridges. All these make Saint-Petersburg extremely attractive for so many

tourists from all of the parts of the world who come here every year.

The venue

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Park Inn Pribaltiyskaya

Boasting a prime location on the Gulf of Finland, this hotel in St. Petersburg, Russia

is conveniently located in a 15-minute drive to the city center. The largest

conference hotel in St. Petersburg, Russia, the Park Inn Pribaltiyskaya is ideal for

business and leisure travellers, offering easy access to public transport and nearby

attractions like the Hermitage, Peter and Paul Fortress and the Russian Museum.

Relax in one of the 1,200 newly renovated rooms overlooking the city or the Gulf of

Finland.

Address: 14 Korablestroiteley Street

St. Petersburg 199226 Russia

Park Inn Pribaltiyskaya

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Entertaining program

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Welcome cocktail

First day 1 June 2011

This is not only a great time to spend but

the real opportunity to get the

unforgettable impressions, admire a lot of

amazing views, make photos, visit

historical places.

Boat excursion along the rivers and

canals

Get acquainted with other quests, find

someone you might already know and

simply relax after a trip to Saint-

Petersburg.

Entertaining program

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Russian traditional dishes are

prepared in real Russian stoves in this

restaurant. And the worlds most

popular dishes are served with

Russian “accent”.

Second day 2 June 2011

You will see a unique architecture of

the historical center of the city,

northern islands, the great spaces of

the Gulf of Finland at amazing white

nights.

Dinner in «Russkiy Kitch»

A walking excursion to Bronze

Horseman

Boat trip along the Neva and to

the Gulf of Finland

A walk around the historical center will

become a great opportunity to feel the

mood of the city.

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Third day 3 June 2011

Gala Dinner at “Russkaya Versalia”

(Konstantin Palace)

Fireworks is the great way to

finalize the Gala Dinner and the

entire conference.

Entertaining program

Visiting the Lower Garden of Peterhof

and the Grotto

The former emperor residence is

remarkable for its majestic fountain

cascades and parks. This is a trip to a

children fairytale which will remain in

your heart for long.

The restaurant is located far from the

city noise near Konstantin Palace and

serves Russian and European dishes.

Fireworks

Organizers

Website of the conference: www.ibcpib.com Facebook page IBCPIB™: www.facebook.com/ibcpib Twitter IBCPIB™: www.twitter.com/ibcpib Flicker IBCPIB™: www.flickr.com/photos/ibcpib LinkedIn group: http://www.linkedin.com/groups?home=&gid=2046644

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Organizing committee of the conference IBCPIB™ 2011

Vladimir Nagin Email: nagin@ibcpib.com

Chairman Organizing Committee

Dennis Kryvablotski Email: speakers@ibcpib.com

Coordinator works with the speakers

Inna Maslakova Email: inna.maslakova@ibcpib.com

Organizer of the Conference

Olga Metlushko Email: olga.metlushko@ibcpib.com

Organizer of the Conference

Organizers partners IBCPIB™ 2011

IMPEX CONSULT LTD.

Bol’shaya Semenovskaya str., 40, build. 27, office 2 Russia, Moscow Tel. +7 812 309 39 86 Tel. +7 495 411 91 34 WWW: www.impexconsult.ru

MANAGEMENT &

BOOKKEEPING SERVICES OÜ

Toompuiestee 35, Tallinn,Estonia, 101 Tel. +372 6 640 344 WWW : www.mbs.co.ee