Cyprus to host international STEP conference

Tax and trust challenges in the new world order will be the focus of an international annual Society of Trust and Estate Practitioners (STEP), Conference due to take place in Limassol between May 10 and 11.

The conference has been described as an important opportunity to present Cyprus’ advantages as a financial services destination.

President of the Republic Demetris Christofias is due to officially open the event, whilst Minister of Finance Vassos Shiarly will address the conference as keynote speaker.

More than 240 delegates are expected to take part in the annual conference, organised by the STEP branch in Cyprus.

International trust legislation and regulations recently in place in Cyprus will be presented for the benefit of an international audience for the first time.

According to information published in its official website, STEP is the leading worldwide professional body for practitioners in the fields of trusts, estates and related issues. It has nearly 17,000 members in 80 countries.

STEP branches are based around the world, including in Africa, Asia, Australasia, the British Isles, Canada, the Caribbean, Central and Southern America, Europe, the Middle East and the USA.

STEP Cyprus branch was founded in 2003 and has 183 members.