Operating in multiple jurisdictions requires deep expertise in local regulations as well as an appreciation of the ever-evolving global compliance standards, Andreas Mercouri, Managing Director Trident Trust Company (Cyprus), tells Forbes.
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“At Trident Trust”, he adds, “we invest heavily to ensure that all our teams stay up to date with evolving legislation and regulatory requirements. Further, all our functions are supported by dedicated risk and compliance professionals who have extensive experience in their respective regulatory environments”.
Given the wide range of services, Trident Trust offers to Cyprus companies, funds, and trusts, how do you ensure that each client receives a tailored solution that meets their specific needs across different jurisdictions?
At Trident Trust, we know that every single client is unique, and we take a personalized approach to understanding their specific needs. Our process begins with a thorough consultation to understand the objectives. With our deep knowledge of global markets and decades of experience in the field of corporate, fiduciary and fund administration services, we always aim to craft tailored solutions that align with our clients’ goals.
We take pride in our ability to provide seamless, cross-jurisdictional support through our global network. Whether a client needs assistance with corporate structuring, trust and estate planning or fund administration, our teams collaborate across offices to ensure they receive integrated and compliant solutions that are efficient, forward-thinking and future-proof.
Trident Trust operates in multiple jurisdictions. How do you navigate the complexities of different legal and regulatory environments when providing services to companies and trusts in various regions?
Operating in multiple jurisdictions requires deep expertise in local regulations as well as an appreciation of the ever-evolving global compliance standards.
At Trident Trust, we invest heavily to ensure that all our teams stay up to date with evolving legislation and regulatory requirements.
All our functions are supported by dedicated risk and compliance professionals who have extensive experience in their respective regulatory environments.
Additionally, we work closely with legal and tax advisors, as well as regulatory bodies, to anticipate changes and proactively guide our clients through complex compliance landscapes.
Finally, our robust risk management frameworks and internal compliance protocols ensure we uphold the highest standards of regulatory integrity across all our services, consequently, helping our clients remain fully compliant wherever they operate.
As part of your services, Trident Trust also assists with relocation and immigration. How do you integrate these services with your corporate solutions to provide a seamless experience for clients moving their businesses or families to Cyprus?
Relocating a business or family to Cyprus involves multiple legal, financial and logistical considerations. At Trident Trust, we simplify this process by offering a comprehensive, end-to-end solution that integrates immigration, corporate (re-)structuring, and fiduciary services.
For businesses, we handle company formation or re-domiciliation, banking solutions and regulatory compliance, to ensure a smooth transition into the Cypriot jurisdiction.
For individuals and their families, we assist with residence and work permits, tax and wealth management solutions.
By coordinating these services under one roof, we eliminate administrative burdens and provide a trouble-free relocation experience, allowing our clients to focus on their business and personal successes.
With the growing demand for international business solutions, how does Trident Trust stay ahead of market trends and continue to offer innovative services to both companies and high-net-worth individuals?
Trident Trust is committed to maintaining its position at the forefront of our industry by continuously evolving and modernizing its service offering to meet the changing needs of its clients. Some of the ways we achieve this are:
- We closely monitor local and international regulatory developments, economic trends and industry shifts to proactively adapt our solutions.
- We invest in cutting-edge digital solutions that enhance security and efficiency across all our services.
- We actively engage with our clients to understand their evolving needs and goals, and develop bespoke solutions that address their specific challenges.
Our teams, locally and internationally, consist of experts who bring deep industry knowledge, allowing us to provide forward-thinking and strategic advice.
Through a combination of the above points, we ensure that Trident Trust remains a trusted partner for businesses and high-net-worth individuals navigating complex international landscapes.
How does Trident Trust ensure the highest level of expertise and compliance across all its services, from company formation and fund administration to immigration and relocation support?
Maintaining the most stringent of standards in terms of expertise and compliance is a core priority at Trident Trust. We achieve this through a combination of:
- Continuous professional development ensures our teams stay abreast with regulatory changes and industry best practices.
- We have robust internal controls and risk management processes in place to ensure, adherence to local and international regulatory requirements.
- We work closely with advisors, auditors and regulatory authorities to maintain compliance and provide our clients with up-to-date guidance.
Our core values – Integrity, Respect, Accountability and Initiative – guide every aspect of our work, ensuring that we operate with transparency and professionalism at all times.
By integrating these principles into our operations, we provide clients with the confidence that their businesses and/or personal funds are managed with the highest level of diligence and expertise.