ΠΕΡΙΓΡΑΦΗ

This course provides a detailed roadmap for establishing a family office in Cyprus, focusing on jurisdictional considerations, legal structures, staffing, and operational setup. Participants will gain in-depth knowledge of the regulatory landscape, compliance requirements, and strategic advantages of Cyprus as a family office hub. With practical examples, case studies, and interactive discussions, this course equips professionals with the skills to design and manage family offices tailored to the unique needs of high-net-worth individuals (HNWIs). 

Why Register for This Course?

• Gain a thorough understanding of how to set up and manage a family office in Cyprus, from planning and licensing to operational workflows and governance.
• Learn through case studies, group discussions, and hands-on exercises that apply theoretical knowledge to real-world scenarios.
• Benefit from the expertise of trainers who specialize in family office management and Cyprus's regulatory landscape.
• Acquire skills to evaluate family needs, recommend the best family office models, and establish structures that align with strategic objectives.
• Understand why Cyprus is a leading jurisdiction for family offices, with its tax benefits, legal infrastructure, and global connectivity.
• Gain insights into emerging trends in family office management, including the use of technology, ESG considerations, and evolving regulatory frameworks.
• Enhance your credentials and become a trusted advisor for HNWIs and their families in the wealth management sector.

CPD Points Recognition

This programme may be approved for up to 15 CPD Points. Eligibility criteria and CPD Points are verified directly by your association, regulator or other bodies which you hold membership.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

• Provide a step-by-step guide to planning, designing, and setting up a family office in Cyprus.
• Equip participants with knowledge of the regulatory and licensing requirements for family offices in Cyprus.
• Offer practical insights into choosing the right legal structure and internal organization for a family office.
• Develop participants' ability to establish essential services, manage assets, and design governance frameworks for long-term success.
• Emphasize the importance of family dynamics, succession planning, and intergenerational wealth management.
• Showcase practical tools and strategies for asset transfer, protection, and management.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

• Professionals already working within a family office in Cyprus, to be eligible employees of family offices must have more than an administrative role.
• Lawyers/legal council and advocates
• Accountants and auditors who manage wealth in the family office setting.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Content

Module 1: Planning and Designing a Family Office

• Defining the purpose and objectives of a family office (wealth management, succession planning, lifestyle management)
• Identifying family needs and customizing services to align with values and priorities
• Choosing the right family office structure (Single-Family Office vs. Multi-Family Office)
• Strategic planning: Creating a long-term vision for the family office
• Interactive discussion: Identifying family goals and how they influence office design

Module 2: Jurisdictional Considerations for Establishing a Family Office in Cyprus

• Key factors in selecting Cyprus as a jurisdiction (tax efficiency, legal requirements, infrastructure)
• Overview of Cyprus’s regulatory framework and compliance requirements
• Comparative advantages of Cyprus vs. other jurisdictions
• Case Study: Evaluating Cyprus as a location for a family office

Module 3: Legal Structure and Licensing Requirements in Cyprus

• Selecting the legal entity (LTD, LLC, partnership, trust) and their advantages
• Licensing requirements for family office services (wealth management, investment, lifestyle management)
• Drafting governing documents (mission statements, roles, responsibilities)
• Practical examples: Legal considerations and licensing processes

Module 4: Building the Family Office Team and Internal Structure

• Organizational design: Flat vs. hierarchical structures
• Key roles and responsibilities within the family office (CEO, CFO, investment managers, legal advisors)
• Internal staffing vs. outsourcing services (pros and cons)
• Governance frameworks: Establishing advisory boards and committees
• Case Study: Structuring an efficient family office team in Cyprus

Module 5: Funding and Operational Setup of a Family Office in Cyprus

• Funding options (capital contributions, investment income, service fees)
• Financial planning for operational expenses (salaries, outsourcing, office costs)
• Establishing workflows for accounting, reporting, and legal services
• Technological infrastructure: Cybersecurity, data management, and reporting
• Group discussion: Operational efficiency and cost management

Module 6: Establishing Core Services in a Family Office

• Setting up essential services: Wealth management, tax planning, legal services, and philanthropy
• Designing investment management processes: Risk management, portfolio diversification, direct investments
• Managing family dynamics: Governance tools for succession planning and intergenerational wealth transfer
• Developing external networks: Collaborating with legal, tax, and investment professionals in Cyprus
• Interactive Case Study: Establishing service packages for a family office in Cyprus

Module 7: Asset Transfer and Structuring for a Family Office

• Practical steps for transferring family assets (legal documentation, asset valuation, ownership restructuring)
• Managing complex asset structures (international investments, real estate, family businesses)
• Protecting family wealth through trusts, holding companies, and estate planning
• Integrating estate planning and succession strategies into the family office framework
• Practical Exercise: Drafting an asset transfer plan for a Cyprus-based family office

This course provides a comprehensive and practical approach to family office management, ensuring participants leave with actionable knowledge and skills to establish and operate successful family offices in Cyprus.