In which areas of economic activity does Prospectacy emphasize and what do companies demand from professional service providers in Cyprus?
Prospectacy is a specialist firm that provides high-level advisory services to businesses and individuals from abroad on personal and corporate taxation, transfer of corporate headquarters, real estate and other asset management, as well as a wide range of other corporate matters. We currently employ approximately 40 people from Cyprus and abroad.
The services sector continues to “expand” its presence in the Great Place to Work® community. Prospectacy has successfully completed the evaluation process as a Great Place to Work®, with the results of the Trust Index© personnel survey confirming the high level of the company’s work culture.
In a related announcement, the General Manager of Great Place to Work®, Kyriakos Iakovides, said: “We congratulate the success of the Prospectacy team and welcome them to the Great Place to Work® family. Services are a strategic area of development for our country. The establishment of a positive working environment for companies in this sector contribute to our country gaining a significant competitive advantage”.
The CEO of Prospectacy, Vassilis Zertalis, opens up about what’s going on at Prospectacy in the podcast talk.
How did he face the pandemic and how did he manage to turn the crisis into an opportunity!
As Prospectacy said, it promotes “permanent tourism” through the relocation of foreign companies to Cyprus, thereby contributing to the local economy.
The emergence of Cyprus in recent years as a competitive business center in no way allows for complacency. On the contrary, experience teaches us that through attracting foreign investments we should build a sustainable development model that can cope with crises over time.
In the highly competitive environment that has formed internationally due to successive crises, attracting foreign investment remains key to the recovery of the economy and a condition for the creation of a sustainable development model.
In the highly competitive environment that has been created internationally due to the successive crises, attracting foreign investment remains key to the recovery of the economy and a necessary element for the creation of a sustainable development model, explains the CEO of Prospectacy, Vassilis Zertalis.
In his interview with InBusinessNews, Mr. Zertalis emphasizes in this regard that with flexibility and remote work now gaining a central role in the labor market, headquarters and the attraction of foreign investment are not just additional advantages for our country’s economy, but its constituent elements, which ensure its stability and sustainable development.
How Cyprus managed to remain a competitive investment destination during the pandemic, Prospectacy’s Legal Department Manager, Yanna Raevskaya, describes on InBusiness TV
In recent years, Cyprus has embarked on an effort to diversify and expand the productive base of its economy, with the aim of creating a resilient and sustainable development model.
The multiple crises facing the country (inflation, energy, adaptation to the post-COVID era) make it necessary to accelerate this effort in order for Cyprus to emerge unscathed, and as strong as possible from this transition period.
The list of large companies that have chosen to relocate or part of their international operations in Cyprus is not only long, it is also impressive. Wargaming, Amdocs, Sykes, Thomson Reuters, Nielsen, 3CX, eToro, NCR, VTTI are among the major foreign companies that have established headquarters in Cyprus in recent years.
These are essentially companies operating in different sectors of the economy, whose presence in our country has undoubtedly helped the Cypriot economy the most.
How Cyprus managed to remain a competitive investment destination during the pandemic, Prospectacy’s Legal Department Manager, Yanna Raevskaya, describes on InBusiness TV.
Individuals or companies escaping the war in Ukraine who choose Cyprus as their next destination will not only find protection and work. Many of them will be able to offer valuable experience and expertise to our country’s growing tech sector, says Vasilis Zertalis, CEO of the business services provider Prospectacy.
Due to its geographical location, Cyprus has always been a destination for hosting people who were forced to leave their countries due to war conflicts. For example, after the civil war in Lebanon and the Yugoslav wars, Cyprus hosted people and absorbed labor from the affected countries. Many of them are now Cypriot citizens and are productive units in the economy.
Cryptocurrencies have infiltrated our financial vocabulary, leading even citizens who had never dealt with investments to devote part of their income to them. According to data from the International Monetary Fund (IMF), there are currently more than 8,000 active cryptocurrencies, with a total of $2.5 trillion in cryptocurrencies and coins being traded.