Savvas has an extensive experience in Business Consulting and company restructuring, Tax Planning, VAT and VIES, Auditing and Assurance for both international and local clients and financial advisory for large multinational groups, for over than 25 year.
His area of expertise also includes legal support for real estate transactions and assistance to businesses and individuals in resolving migration issues.
Savvas is U.S.A qualified public accountant since 1994 and the founding partner of 2Plus Audit Ltd in Cyprus since 2005.
Projects
Redomiciliation from Cyprus
Legal support of a project on redomiciliation of a telecoms holding company from Cyprus to the Kaliningrad region of Russia. REVERA ensured documentation support, interaction with state authorities and coordination of the process.
Hexacore
REVERA team provided support in registering a legal entity, obtaining the status of an international company, migration and labour registration of employees. Also, in co-operation with auditors, a tax opinion on the possibility of applying the IP Box regime and attracting financing was prepared.
Developer of creative apps
A comprehensive analysis of the company's articles of association was conducted by REVERA to assess the balance of rights of majority and minority shareholders. This issue was important to ensure that the charter adequately protected the interests of minority shareholders, allowing majority shareholders to manage the company efficiently.
Digital marketing agency
The project was related to the change of the client's current service provider. REVERA ensured a smooth transition of the client to the new service provider and resolved conflict issues with the previous provider.
VR-startup
The REVERA team helped a startup to wind down its operations after unsuccessful investment rounds. The main objective was to maintain the company and its intellectual property (IP) to facilitate a future relaunch.
FinTech platform
REVERA supported the registration of a company in Cyprus with five shareholders located in different jurisdictions, as well as the accumulation of IP rights. The complexity of the project was due to the need to open an account with EMI and go through AML procedures for the five shareholders.