Chase Buchanan Ltd

The Chase Buchanan Cyprus office, as its European head office, offers a comprehensive suite of financial services, primarily aimed at expatriates and residents in Cyprus. These services are designed to address the unique financial challenges and opportunities that arise when living or moving to a foreign country. Here's a detailed breakdown of the services provided: 1. Retirement Planning: International Pension Transfers: A major focus, including advice on transferring UK pensions to international options like Qualified Recognized Overseas Pension Schemes (QROPS) or Self-Invested Personal Pensions (SIPPs). They help clients understand the pros and cons of each and navigate the complexities of international pension rules. Retirement Strategies: Developing long-term retirement plans tailored to individual goals and the financial landscape of Cyprus. 2. Wealth Management & Investments: Private Client Investments: Offering tailored investment solutions for lump sums, discretionary portfolio management, and regular savings plans. Portfolio Analysis & Reviews: Assessing existing investment portfolios for performance, fees, and suitability. Offshore Investment Solutions: Advising on tax-efficient offshore investment products to help clients grow their wealth strategically. Estate & Succession Planning: Assisting with planning how assets will be passed on, including international wills and strategies to optimize benefits for beneficiaries. 3. Expat Tax Planning: Cyprus Tax Residency: Guidance on establishing and understanding tax residency rules in Cyprus. Income Tax & Exemptions: Advice on Cyprus income taxes, applicable rates, and available exemptions. Succession & Inheritance Tax: Specialized planning to minimize inheritance tax liabilities in Cyprus and across borders. International Wills: Assisting with drafting wills that comply with international laws and prevent unforeseen complications. Offshore Investment Tax Efficiency: Structuring investments to be tax-efficient in Cyprus. Defense Contributions: Explaining the difference between income tax and defense contributions in Cyprus. 4. Protection & Insurance: Health Protection: Advice on health insurance options suitable for expats in Cyprus. Income and Illness Protection: Solutions to protect income in case of illness or inability to work. Life Protection Arrangements: Guidance on life insurance to secure the financial future of loved ones. 5. Education Fees Planning: Funding Education Costs: Strategies to plan and manage the financial burden of education fees, particularly relevant for expat families who may face higher international student fees. 6. Expatriate Mortgages: Assistance with obtaining mortgage solutions for individuals looking to purchase property in Cyprus. 7. Corporate Services: Financial planning and advisory services for businesses, including corporation tax planning, property management, workplace pensions, employee incentives, investment opportunities, and business protection. Key aspects that underpin these services: Regulated Advice: As their European head office, the Cyprus branch is highly regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Cyprus Insurance Companies Control Service (ICCS), ensuring adherence to robust financial standards. Expat Specialization: The company's core expertise lies in understanding the unique needs and complexities faced by expatriates, from cross-border taxation to international pension rules. Qualified Advisers: They emphasize that their advisers hold high-level qualifications (e.g., CySEC Advanced, CISI or CII Level 4, Chartered Status Level 6 or 7) and are supported by in-house tax barristers and Chartered Tax Advisers. Personalized & Unbiased Approach: They commit to providing tailored, jargon-free advice, independent of specific financial institutions, focusing solely on the client's best interests. Transparency: They highlight transparency regarding fees and commissions, providing detailed reports before any transactions. Educational Resources: The website offers free downloadable guides on various topics like Cyprus tax, international pension transfers, and retirement in the EU, providing valuable information for expats.