St. Raphael Hotel
Conference, Seminars and Business Meetings
Investment Opportunities in All Business Spheres
BEST INVEST Congress 2020
BEST INVEST Congress is an educational and networking event that is held in Cyprus, now in its sixth year. It includes a Congress, an Exhibition, Investment Projects, a Business Cocktail Reception and number of seminars and workshops.
The BEST INVEST CONGRESS is a traditional platform for presenting investment and economic potential of Cyprus and other countries that collaborate or have a business and political relationship with Cyprus.

This is a platform for discussing current issues in socioeconomic development. State officials, the business community, and leading experts work together to seek solutions to the main problems that Cyprus faces today.

Participants will hear about innovations and new opportunities, and learn about the market's future. There will also be a detailed update on the current economic situation in Cyprus and potential of different industries based on the island. The panels will also review current investment trends as well as examining in detail how to design, deliver and manage successful investment operations.
Saturday, May 23
Arrival of foreign participants and guests of honor, free time for guests from abroad, pre-arranged business meetings.

Sunday, May 24
Business and cultural program for the members of the International Business Women Partnership (Association of women-business owners). Business networking "On the wheels": a tour around Cyprus including walking in the Troodos park and informal lunch. Evening session "Women-in-Business".

Monday, May 25
08:30 – 09:15 – Registration. Morning coffee.
09:30 – 11:00 – Official Guests' Welcome Addresses. Plenary Session 1. Forecast and analysis for the developments in the Global Economy and Markets in 2020-2023.
11:00 – 11:20 – Networking Coffee Break
11:20 – 12:50 – Plenary Session 2. Forecast and analysis for all sectors of economic activity in Cyprus in 2020-2021.
13:00 – 14:00 – BEST INVEST Exhibition Opening. Free access to public.
13:15 – 14:30 – Networking Business Lunch for congress participants.
14.30 − 16.00 – Thematic Session 1. IT-community of Cyprus: challenges and prospects of business development.
16:00 – 16:30 – Networking Coffee Break
16.30 − 18.00 − Thematic Session 2. Women in Business. The session for an international business community – participants from 15+ countries.
19:30 – 21:30 − VIP Cocktail Reception (300 invitees).

Tuesday, May 26
09.15 − 09.45 − Morning Coffee. Registration for the first bilateral session.
10.00 − 11.30 − Working Business Meeting: "CYPRUS-INDIA: Prospects of mutually beneficial cooperation".
11:30 − 11.55 − Registration for the second session.
12:00 − 13.30 − CYPRUS-RUSSIA. Open Public Meeting on the Russian Council on Cooperation with Cyprus. "Working Together under Difficult Circumstances".
13.30 − 13.55 − Registration for the third session.
14.00 − 15.30 − CYPRUS-ASIA-FAR EAST Business Meeting. "Cyprus as a bridge between Asia and Europe"
15.30 − 15.55 − Coffee Break. Registration for the last closing session.
16.00 − 17.30 − CYPRUS-MIDDLE EAST: "Business and Centuries-tested Friendship"
Program 2019
Monday, 13th of May 2019
Registration. Morning Coffee.
Plenary Session I
Lessons from World Crises and Preparation for a New Turning Point in 2019-2020.
The world in an era of constant crisis. How to prepare for new imbalances in the global economy? What to expect in Cyprus?

Keynote Speech by Philip Ammerman
Assessing the Cyprus Investment Strategy Results and Key Risks Going Forward.
This presentation will review the results of efforts to promote Cyprus as a national investment destination. It will identify some key risks by companies based here going forward, and how to address them. These include:
• Cyprus Substance and OECD Common Reporting Standards
• National Banking Operations
• Tax Incentives and the Tax System
• High Input Prices and Costs
• Regional Geopolitical Issues
• Global Economic Issues

Keynote Speech by Ajay Goyal
Cyprus – a diamond in the rough that is waiting to be polished and shine?
Cyprus trying everything - Casino, Golden Visa, Gas, Tourism… but is there a clear sense of direction where this country can be 20-25 years from now? That choice will be necessary to attract right capital, in right sectors, create right kind of education system and jobs.

What are the high potential areas, threats, risks? Possible choices for Cyprus: these choices, assuming there will be windfall gas revenues from 2025 / 2030 will be Norway - a welfare state that invests in environment and innovation, Dubai - a dynamic post petro-carbon state that creates conditions for enterpreneurship and investment with zero corruption and a highly efficient service economy or Singapore that used its strategic location to build one of most modern investor friendly destinations through good governance. Unless we do that, we can become just another resource - sunshine and gas rich - state and there are too many failed models of that in the world to count. Venezuela is the last one.

Panel Discussion: Anti-crisis Strategies in an Era of Economic Uncertainty.
Philip Ammerman, Managing Partner, Navigator Consulting Group, Greece-UK
Ajay Goyal, Creative Entrepreneur & Venture Investor, Cyprus-India
Yiannis Misirlis, Founding Director, Imperio Group, Cyprus
Jimmy Sexton, Founder and CEO, Esquire Group, UAE
Artem Paleev, Managing Partner, Korpus Prava, Russia
Networking Coffee Break.
Plenary Session II
Investments in Real Business: Production Industry, Services, Education, Medical Tourism, Film Production, Hospitality Industry, Aviation, Agriculture, Energy, Shipping.
Most Promising Industries in Cyprus. Predicted and Potential Return on Investments. Regulatory Environment. Development in the Digital Age. Data Management. Case Studies: Successful Investment Strategies. Panel Discussions. Q&A Session.

George Chrysochos, Director of Cyfield Group of Companies
George A. Danos, Founder and President of the Cyprus Space Exploration Organisation
Stefanos Papilidis, General Manager of Alumil CY
Christianna Diogenous, CEO of Unicars
Pavlos Paradisiotis, CEO, Paradisiotis Ltd
Christos Pittas, General Manager, Eden Resort
Farah Shammas, Managing Director, St Raphael Resort and Marina
Capt. Eberhard Koch, Chairman, CEO, Partner of Oesterreichischer Lloyd Shipping Group
Elvira Ribas, General Manager, OSMIUM Cyprus

Closing Speech: Nicos Nicolaides, Mayor of Limassol
Networking Coffee Break.
Free access to public. Please book your invitation for this one-hour session by sending an email to
Special guest. Keynote comments by H.E. Mr. Yiorgos Lakkotripis, Minister of Energy, Commerce and Industry. Cyprus as an investment destination: strategy, policy, innovations.

BEST INVEST Exhibition and Presentations.
5-min presentations by exhibitors on the largest projects of Cyprus.
Megaron C Conference Room
Training by Igor Mann
№1 in Real Estate
- Sell more
- Fight your fears
- Overcome rejections
- Learn to hear your client
- Increase your productivity

Who is this training for? For sales directors: implement 100% of your work plans. For real estate agents: gain more with interests calculated from deals of the attracted clients. For sales managers: become the best manager of the year.
Business Lunch for Congress Participants.
Panorama Hall
International Seminar on Taxation and Regulations in Cyprus and Russia.
Actual problems and opportunities of doing business in Cyprus and Russia: tax risks, currency regulations, mandatory requirements, obligations, amnesty of capitals.

Speaker: Artem Paleev, Managing Partner, Koprus Prava.

The session will be held in Russian language with simultaneous translation into English
Megaron B Conference Room
Thematic Session on Business and Private Insurance.
Insurance brokerage in Cyprus for business and individuals

• Financial Risk Insurance and Surety Bond Coverage.
• Cyprus Government Medical and Health Plan: known and unknown details.
• What is the role of private insurances like Bupa in the new Health Plan?
• Why it is preferred to use a broker?
• How a broker can customize an insurance contract and create substantial saving on insurance premium?
• What are the impacts of Cyprus being a European country on insurance legislation? What are the consequences?
• The role of the Insurance Supervisory in Insurance Market.

Homi Motamedi, CEO, CISRM Insurance and Reinsurance Brokers Ltd
Amanda Chrysaphi, Health Insurance Officer, Health Insurance Organization Cyprus
Naresh Baldawoo, New Business Consultant for SME groups, Bupa Global EEA
Carolina Melo, Account Manager, Bupa Global EEA
Business Cocktail Reception for participants of the event and selected prominent investors and investment specialists from Cyprus and abroad, CEOs and directors of International and local financial institutions and VIP guests (political and business leaders of Cyprus).
Tuesday, 14th of May 2019
Registration for the first session. Morning coffee.
CYPRUS - INDIA Business Meeting. Prospects of mutually beneficial cooperation.

08.30 – Registration, Coffee.
09.00 – Welcome Notes by the organisers and special guests.
09.10 – Key Note Speech by High Commissioner of India H.E. Dr. R.K. Raghavan.
09.25 – Presentation of India potential and areas where cooperation between India and Cyprus is possible and may be developed in the shortest time.
09.40 – Panel Discussion: Indian businessmen will share their successful experience of working in Cyprus and Cypriot businessmen will tell the audience how they cooperate with India.
10.00 – Case Studies of successful investments and projects of bilateral agreements. Moderated Q&A Session, exchange of opinions (all delegates)
10.20 – Closing Coffee Break to exchange opinions and business cards.
Coffee Break. Registration for the second session.
CYPRUS - RUSSIA Open Discussion. Working Together under Difficult Circumstances.

1. Ситуация с российским бизнесом в аспекте возможностей для инвестирования:
- отток капитала из РФ;
- рассуждения о терминах «тонкая капитализация», «кондуитная компания», «see through» в разрезе российского и кипрского законодательства;
- глобальные инвестиции с применением КИК – за и против;
- введение требований о substance на Карибах – повышение инвестиционной привлекательности Кипра.

2. Глобальные инвестиции для резидентов РФ и Кипра - физических лиц:
- непрозрачная ситуация со статусом резидента в РФ, налоговые последствия, валютное законодательство;
- получение резиденства на Кипре в инвестиционных и налоговых целях;
- рассмотрение различных вариантов инвестирования при различных резиденствах, способы налоговой оптимизации: напрямую, через брокера, через КИК, через фонды.
Networking Business Lunch
Coffee Break. Registration for the last session.
CYPRUS - MIDDLE EAST Get Together Event: Business and Centuries-tested Friendship. Investment Projects in Cyprus: Best Practices and New Perspectives.

Welcome address by Mr. George Demetriou, Board Member, Invest Cyprus

H.E. Mrs. Claude El Hajal, Ambassador of Lebanon to Cyprus
Farah Shammas, Managing Director, St.Raphael Hotel
Ahmed Bassiouny Elsayed, first secretary, embassy of Egypt
Nadeem Al Kabariti, Vice-President of the Jordanian-Cyprus Business Association

George Chehwane, President of Lebanese-Cypriot Association
Conference Packages
Pre-registration open untill 1st March 2020
1-day Participation Fee
€350 250
  • Included: participation in all activities of one Congress Day (choose Monday or Tuesday), coffee breaks and a business lunch, conference materials of the day.
  • Incl. VAT
2-days Participation Fee

  • Included: full program. All plenary sessions, panel discussions, presentations, workshops, seminars, VIP Cocktail Reception, 8 coffee breaks, 2 days networking lunches, VIP Cocktail Reception, all conference materials in digital form.
  • Incl. VAT
The event is held with support and participation of
With participation of Ministry of Energy, Commerce and Industry; Ministry of Finance, Ministry of Transport, Communications and Works; Association of Russian Businessmen in Cyprus, Cyprus-Russian Business Association, Cyprus-India Business Association, Association of Russian-speaking residents of Cyprus.
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Event Director
Participation fees, travel arrangements, exhibition and sponsorship opportunities

Irina Patsalidou
Tel.: +357 97 745594
Commercial Director
sponsorship and promotional opportunities

Sean Alimov
Tel.: +357 97 754126
President of the Organising Committee
Program of the Congress and networking opportunities, side meetings, private meetings

Natalia Kardash
Tel.: +357 25 590530