Administration & Treasury Management
Companies operating in regions where the local banking and administration infrastructure is not reliable can gain significant advantages from outsourcing this function in Cyprus. Further to the efficient banking system and tax beneficial regime of most of Cyprus, there is an abundance of qualified personnel within most of the professional disciplines to support even the most complex operations. The centralized administration and treasury management functions enjoy the advantage of a convenient time zone ensuring uninterrupted service to global operations.
The cost of running such a function from Cyprus is significantly lower compared to maintaining this in a country with a high cost of living.
Such a set up opens up possibilities for sophisticated transfer-pricing planning to minimize tax and optimize timing for the incidence of costs and profit generation.