Eastern Mirror Desk
Dimapur, June 16 (EMN): A seminar primarily based on investment designed to educate entrepreneurs in Nagaland was conducted on Saturday in Dimapur. The central theme revolved around the methods of doing business and investing abroad especially in London and Cyprus through an estate firm, the Millwood Kane International Company.
The programme was organised by the North Eastern India-Asean Chamber of Commerce & Industry (NEI-ACCI) at Hotel Saramati in the city.
Nish Bhatt, the founder and CEO of Millwood Kane International, a leading real estate investment firm based in London and Cyprus, gave a presentation during the event. Bhatt has 25 years of experience investing in London real estate and has lived in Cyprus for 15 years.
Bhatt stated in his presentation that Cyprus was one of the leading places in the world to invest in, make profit, and save considerably. In corroborating his statement, Bhatt mentioned that there is zero dividends tax, zero inheritance tax, only 2.5% corporation tax, in Cyprus. One may invest money globally without any restrictions, and enjoy all the privileges of a European Union citizen, besides avail visa-free travel to over 160 countries in the world.
“We live in a world ruled by complex tax environments. Companies scan the world looking for ways they can achieve corporate tax savings. Cyprus offers a tax free haven,” Bhatt stated.
The corporate official stated that the world is constantly changing fast with new inventions and technologies hitting the global market every day. ‘The future belongs to those who embrace change,’ he said. He opined that business with a global reach will be different from the others in the competition.
Bhatt urged the young entrepreneurs in the programme to think globally and trade globally. He assured that his company would make all arrangements to the point where one is ready to manage on one’s own if anyone of them plans to go forward with the enterprise.
On being queried about how much money would be required to start with, the CEO said at least INR 1.5 cr. would do.
Millwood Kane International has a vast range of resources and key partners enabling individuals and corporations a route to Europe, Africa, and the Middle East with a more tax efficient structure through Cyprus as a hub.
To be eligible to invest in Cyprus, a person must own permanent residence rights for life. The applicant must retain the investments for a period of at least three years from the date of naturalisation. Millwood Kane will assist during the applications.
In an interaction with the media, when asked what influenced him to come to Dimapur of all places in the world, he said it was the chairman of the NEI-ACCI Anil Srivastav who requested him to come and interact with young entrepreneurs in Nagaland. He said he didn’t have any other engagement but to return to Cyprus. He will be in Dimapur till tomorrow and has invited anyone interested to know more to approach him.
Bhatt mentioned about educated workforce, world class infrastructure, high quality education, more trade agreements than any other country, among others that make Cyprus a destination for corporate companies.
“If you are ready to embrace it, the world is waiting for you,” he said.
