6

May

-

Dates Pending

17

Jun

2025

Setting Up a Family Office in Cyprus: A Step-by-Step Guide

FROM

€

200

350

15 CPD Points

18

HOURS

English

Kyriacos Kourtellos

description

COURSE DESCRIPTION

This course provides a detailed roadmap for establishing a family office in Cyprus, focusing on jurisdictional considerations, legal structures, staffing, and operational setup. Participants will gain in-depth knowledge of the regulatory landscape, compliance requirements, and strategic advantages of Cyprus as a family office hub. With practical examples, case studies, and interactive discussions, this course equips professionals with the skills to design and manage family offices tailored to the unique needs of high-net-worth individuals (HNWIs).

What This Course Aims to Do

Provide a step-by-step guide to planning, designing, and setting up a family office in Cyprus.
Equip participants with knowledge of the regulatory and licensing requirements for family offices in Cyprus.
Offer practical insights into choosing the right legal structure and internal organization for a family office.
Develop participants' ability to establish essential services, manage assets, and design governance frameworks for long-term success.
Emphasize the importance of family dynamics, succession planning, and intergenerational wealth management.
Showcase practical tools and strategies for asset transfer, protection, and management.

Why Register for This Course?

Gain a thorough understanding of how to set up and manage a family office in Cyprus, from planning and licensing to operational workflows and governance.
Learn through case studies, group discussions, and hands-on exercises that apply theoretical knowledge to real-world scenarios.
Benefit from the expertise of trainers who specialize in family office management and Cyprus's regulatory landscape.
Acquire skills to evaluate family needs, recommend the best family office models, and establish structures that align with strategic objectives.
Understand why Cyprus is a leading jurisdiction for family offices, with its tax benefits, legal infrastructure, and global connectivity.
Gain insights into emerging trends in family office management, including the use of technology, ESG considerations, and evolving regulatory frameworks.
Enhance your credentials and become a trusted advisor for HNWIs and their families in the wealth management sector.

This programme may be approved for up to 15 CPD Points. Eligibility criteria and CPD Points are verified directly by your association, regulator or other bodies which you hold membership.

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course content

Dates and times

Course content

Module 1: Planning and Designing a Family Office

Defining the purpose and objectives of a family office (wealth management, succession planning, lifestyle management)
Identifying family needs and customizing services to align with values and priorities
Choosing the right family office structure (Single-Family Office vs. Multi-Family Office)
Strategic planning: Creating a long-term vision for the family office
Interactive discussion: Identifying family goals and how they influence office design

Module 2: Jurisdictional Considerations for Establishing a Family Office in Cyprus

Key factors in selecting Cyprus as a jurisdiction (tax efficiency, legal requirements, infrastructure)
Overview of Cyprus’s regulatory framework and compliance requirements
Comparative advantages of Cyprus vs. other jurisdictions
Case Study: Evaluating Cyprus as a location for a family office

Module 3: Legal Structure and Licensing Requirements in Cyprus

Selecting the legal entity (LTD, LLC, partnership, trust) and their advantages
Licensing requirements for family office services (wealth management, investment, lifestyle management)
Drafting governing documents (mission statements, roles, responsibilities)
Practical examples: Legal considerations and licensing processes

Module 4: Building the Family Office Team and Internal Structure

Organizational design: Flat vs. hierarchical structures
Key roles and responsibilities within the family office (CEO, CFO, investment managers, legal advisors)
Internal staffing vs. outsourcing services (pros and cons)
Governance frameworks: Establishing advisory boards and committees
Case Study: Structuring an efficient family office team in Cyprus

Module 5: Funding and Operational Setup of a Family Office in Cyprus

Funding options (capital contributions, investment income, service fees)
Financial planning for operational expenses (salaries, outsourcing, office costs)
Establishing workflows for accounting, reporting, and legal services
Technological infrastructure: Cybersecurity, data management, and reporting
Group discussion: Operational efficiency and cost management

Module 6: Establishing Core Services in a Family Office

Setting up essential services: Wealth management, tax planning, legal services, and philanthropy
Designing investment management processes: Risk management, portfolio diversification, direct investments
Managing family dynamics: Governance tools for succession planning and intergenerational wealth transfer
Developing external networks: Collaborating with legal, tax, and investment professionals in Cyprus
Interactive Case Study: Establishing service packages for a family office in Cyprus

Module 7: Asset Transfer and Structuring for a Family Office

Practical steps for transferring family assets (legal documentation, asset valuation, ownership restructuring)
Managing complex asset structures (international investments, real estate, family businesses)
Protecting family wealth through trusts, holding companies, and estate planning
Integrating estate planning and succession strategies into the family office framework
Practical Exercise: Drafting an asset transfer plan for a Cyprus-based family office

This course provides a comprehensive and practical approach to family office management, ensuring participants leave with actionable knowledge and skills to establish and operate successful family offices in Cyprus.

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suitable for

COURSE PREVIEW

HAVE A LOOK
INSIDE THE COURSE

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course details

Methodology

Live sessions - online via Zoom

Interactive lecture with PowerPoint presentation

Case study and analysis and group discussion

Practical exercises to apply legal concepts in real-world scenarios

Q&A sessions for in-depth understanding

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Funding

This seminar is funded by the HRDA.

Our training center offers special prices for individuals who are not eligible for funding and the opportunity to pay the course fee in manageable installments.

Unemployed participants are eligible for HRDA funding provided they meet certain requirements. For more information, please contact us at 24 655510.

Admission Requirements

No pre-existing knowledge or qualifications are required for this course.

Who is this aimed at

Wealth Managers and Financial Advisors
Legal Advisors
Tax Advisors
Accountants
Private Bankers
Family Office Executives
Business Consultants
Real Estate Advisors
Investment Advisors

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Certificate Awarded

A Training Certificate will be awarded to those participants who will successfully complete the training.

Coming Soon

More details about this course will be uploaded soon.

INSTRUCTOR

MEET YOUR INSTRUCTOR

Kyriacos Kourtellos

Kyriacos is an Advocate at K. A. Kourtellos & Co LLC. Prior to founding his firm, Kyriacos trained at a leading Litigation practice and held positions in the Corporate, Commercial and Energy departments of top-tier and Big 4 law firms. He has close to 15 years of experience in high-value business structuring, project development and transactional work.

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MORE ABOUT INSTRUCTOR

COLLABORATORS

ADDITIONAL INSTRUCTORs

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frequently asked
questions

QUESTION 01

Do I need to be registered on the ERMIS Portal?

Yes, if you are registering for a course that is HRDA accredited, all participants (either receiving funding or not) will have to access and register as natural persons on the ERMIS Portal. If you are receiving funding and you are being registered for continuous professional/vocational training by your employer, your employer should also be registered with the ERMIS platform as a legal person. Contact us if you have any difficulty registering as a natural person or a legal person.

QUESTION 02

Will I receive a certificate at the end of the training?

Yes, you will receive a Certificate of Attendance from ELTRC or the relevant awarding body.

QUESTION 03

Do you have terms and conditions for seminar attendance?

Yes. You may find our terms and conditions here.

QUESTION 04

Will I receive the notes for the lesson and have access to recordings?

Yes, you will be given the course materials through an online platform and you will be allowed to download and keep the course materials and specimens for certain courses. Recordings will also be available in the drive for three months.