BCS Cyprus opens investment opportunities in Russia

The accession of Cyprus to the European Union in May 2004 has created new opportunities for international financial services companies based in Cyprus and in the wider Mediterranean area, making the island a suitable platform for investment activities around the world and in new markets such as Russia.

In an interview with the Financial Mirror, Dr. Evgeny Kunts, the Executive Director of Limassol-based BrokerCreditService (Cyprus) Ltd, a subsidiary of the leading investment house in Russia, described the current status of the Russian capital markets and explained how the company provides clients with a mechanism to conduct Russian-focused investment business according to EU regulatory standards.

 

— Russia’s thriving financial markets

 

Since 2000, Russia has been among the fastest growing economies in the world in dollar terms.

“While natural resources are increasingly gaining value, Russia’s global economic significance is gradually but irreversibly transforming that country into the top tier of the world economies. And it’s not all about natural resources,” explained Evgeny Kunts.

The real growth in the consumer, financial services and real estate sectors are among the fastest growing in Europe, with growth rates consistently above 10% per annum from the beginning of the decade, he explained.

“The performances of Russia’s financial markets have also been spectacular since the beginning of the 21st century. All theses factors make the case for Russian investments more compelling than ever before,” Kunts added.

 

— Market leadership

 

BrokerCreditService has consistently demonstrated market leadership in its core lines of business specializing in high-opportunity Russian emerging market securities trading including Internet brokerage, market research and asset management.

Kunts said that the company offers innovative and sophisticated services for both domestic and international clients as BrokerCreditService is the leading operator on the main Russian exchanges as well as in the OTC market in Moscow, the ADR and GDR markets in London.

“Our team of an internationally trained group of professionals offers a comprehensive research coverage needed of Russia’s capital markets. Our Asset Management Department provides a comprehensive range of services, including mutual funds and individual accounts, while the company also has extensive network of offices within Russia,” he explained.

BrokerCreditService (Cyprus), a wholly-owned subsidiary of BrokerCreditService Russia, is licensed by the Cyprus Securities and Exchange Commission and a member of the investment compensation fund. Its principal activity is brokerage, investment advice and related services.

The company is also authorized by the Financial Services Authority (FSA) of the United Kingdom, and is a member of the London Stock Exchange.

The double–tax treaty agreement with Russia and many other Eastern European countries, as well as the preferential tax regime on the disposal of securities, has determined the company location in Cyprus.

 

— Russian-focused investment business

 

In Cyprus, BrokerCreditService provides its clients with a sophisticated mechanism to conduct investment business according to EU regulatory standards.

“We offer equity, equity-related, fixed-income services and investment advice to clients. We are proud of our company and we strongly believe that the company’s focus on its client and a transparent work system will assist our clients in reaching their investment objectives,” Kunts explained.

“Moreover, any opportunity rising from the Russian capital market is unquestionable and only incompetence can cause it to be lost. Our sales department can help to explore the various opportunities of investment in the prosperous Russian financial market,” he said.

 

PROFILE

 

BrokerCreditService (Cyprus) Ltd. was established in Limassol in December 2004 and received its CSE license (KEPEY 048/04) in 2004. It employs ten people. Dr. Evgeny Kunts is the Executive Director. For information call Tel. 25 822 734 or visit the website at www.bcs.ru/eng