``Investing Profitably in Bulgaria via Cyprus'' Thursday, April 10,
2008 Seminar 5:30 - 8:00 pm at the Harvard Club, New York City
(Business Wire EON) March 18, 2008 --
"Investing Profitably in Bulgaria Through Cyprus: A Panel
Presentation" will be presented at the Harvard Club, Thursday,
April 10 from 5:30 - 8:00 pm. The Harvard Club is located at 27 West 44th
Street. Cocktails and hors d'oeuvres will be served from 5:30 - 6:00.
Registration is free and must be made by March 27 by calling
212-213-9100 or emailing ctcny@cyprustradeny.org.
Who: The Cyprus Trade
Center is organizing the event in cooperation with The
Bulgarian Consulate Trade Office, Bingham
McCutchen LLP, Ernst & Young, MM
Consult Ltd, Seward Ltd., and The
Repton Group LLC. The panel discussion will be co-hosted by The
Rafael Group, one of the leading investment groups in Bulgaria.
What: The panel discussion will provide a solid briefing on the
benefits of investments in Bulgaria, the use of Cyprus as a location for
financial holding companies vis-à-vis
Bulgaria, and will also discuss legal, economic and tax developments of
importance. It will include the topics:
• Cyprus tax treaty developments
• Investment opportunities in Bulgaria
• Investing in Bulgaria via Cyprus
• Formation and administration of investment
funds in Cyprus and Bulgaria
Why Cyprus: As one of Europe's most advanced economies, Cyprus
has become Europe's leading corporate holding jurisdictions due to its
advantageous corporate tax system which includes a flat 10% corporate
tax rate and no withholding tax and its extensive and favorable double
tax treaties with over 40 countries.
Situated at the hub of three continents, Cyprus links Europe with the
Middle East and Asia. It is the gateway for American corporations
conducting business in the Balkans, Russia and the Middle East, With 78%
of its economy comprised of the services sector, Cyprus has a state of
the art technological, financial and legal infrastructure and a
significant investment in intellectual property, which benefits American
companies establishing operations there. See www.investincyprus.gov.cy
for additional investor information.
Why Bulgaria: As one of the newest member states of the European
Union, located at the strategic crossroads of Europe and Asia Bulgaria
holds a unique economic and investment position.
Bulgaria is the largest recipient of foreign direct investment (FDI) per
capita in the Balkans region, with a dramatic increase in the last
couple of years. Currently considered one of the most rapidly
progressing countries in Europe, Bulgaria’s
leading investment vehicles include:
• Energy (nuclear, thermal, strategic
pipelines, renewables)
• Agriculture
• Real estate
• Infrastructure projects
• Telecommunications
Since its accession to the European Union, International and in
particular U.S. investments in Bulgaria have increased at a soaring rate.
A list of speakers is available on request. General inquiries from
journalists covering direct foreign investments in Cyprus & Bulgaria are
welcomed.
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