• Also, good knowledge about Cyprus. First time I've encountered anybody from outside the industry who knew about that.

  • Friend's accountant had been heavily pushing Cyprus as the destination for offshoring funds (e.g. paying all profits from a UK company as a license fee to a Cypriot parent company.)

    He "retired" (probably forcibly) shortly after the 2012-13 bail-in started and many of the people he'd advised had to take considerable haircuts on their offshore stashes.

    [ Our little bootstrap startup never went anywhere, and we wouldn't have ever tried any offshoring nonsense anyway. ]


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