(PRWEB) February 15, 2012

At the Business Forum held in Tel Aviv on 24th January 2012, entrepreneurs from Cyprus and Israel gathered to discuss business interests and the latest gas exploration developments. Meridian Trust Corporate & Fiduciary Services director Maria Saveriadou was one of the Cypriot delegates taking part: the event was a genuine success. The enthusiasm and friendly atmosphere amongst the many professionals I met clearly indicated that previous satisfactory collaborations between our countries are set to escalate to impressive levels over the next few years.

The event was co-organised by the Cyprus Ministry of Commerce, the Cyprus Chamber of Commerce and Industry, and the Israeli Chamber, with focus being on the common and sizable prospects of the two communities since the discovery of gas in their respective Exclusive Economic Zones (EEZ). As a result of the latest developments, future business cooperation between the two territories is welcome and certain to solidify within that sector.

The importance of energy developments cannot be underestimated of course, and this is the obvious focus of growing dealings between the two regions. Saveriadou believes that within her area of legal expertise, namely Cyprus company formations, there will be significant growth so as to accommodate new trade and business that will derive as a result of these mutual co-operations.

However, progress and ties within the conventional sectors are also necessary for economic growth, and industries from both communities are encouraged to create suitable conditions for the expansion of trade relations between them in order to realize this growth.

In the trying economy in Europe, Cyprus ranking is 40th out of 183 in the World Banks Doing Business Report 2012, a rise from last years 49th. Significantly, a show of interest by Israeli businesspersons in Cyprus companies within corporate, real estate and the tourism industries was evident, as was the issue of establishing casinos on the island. Cooperation within the medical field was also indicated.

Growth in the number of Cyprus company formations will be substantial, with businesses being established island wide to accommodate the varied commerce surrounding gas exploration. Saveriadou continued: We have been supporting clients with their offshore company businesses for over a decade now. Acting as trustees and fiduciary service providers to Cyprus companies is our forte, and the delivery of expert qualified counsel and services is our tradition. As for myself, my staff and my peers, we are really looking forward to this new and productive phase with our Israeli neighbours.

The good trading communications between Cyprus and Israel will prove easy to maintain and enhance especially now that mutual work surrounding gas exploration are imminent. Apart of the realm of business however, are our ties on a more human level: we live barely 250 miles apart making travel extremely handy, and we share similarities in music, cuisine, climate and family values.

The Cyprus company formation process begins with choosing and receiving approval of a company name from the Registrar of Companies. A qualified legal representative must submit documents to the relevant authorities, the company is then registered with our local tax authority, and if required the company will be registered with the VAT office. For more information please call Meridian Trust on +357 24812050, or email us on info(at)meridian(hyphen)trust(dot)com.

###