ADVISORY TAX AUDIT. member of

ADVISORY TAX AUDIT member of

2 CONTENTS: 1. Why do business with us 2. To whom it may concern 3. Become our client and associate 4. Become a professional associate 5. Our history 6. Globalization 7. Contact us 8. Our services 9. Our goal 10. Our mission 11. The secret of our success 12. Our company 13. Formation of International Companies 14. Cyprus - An International Business Center 15. Our consultants Page 3 3 4 4 5 6 6 7 7 7 7 8 8 10 12

1. Why do business with us? We are among leaders in taxation and business consulting Services We are specialised on services for market research, Feasibility studies and finding sources for financing Investment projects in new business activities We operate in an advanced professional business environment, with new methodologies in the way we organize and deliver our services using advanced web based software technology We are targeting high standard services We offer class A services for class A clients We dedicate our selves to deliver the right personal involvement, contact and solution to problems We employ experienced, dedicated and competent Consultants to complete the job We have created a chain of agents with common targets and vision 2. To whom it may concern Organizations and persons: Who have problems or outstanding tax issues with tax authorities and like to be informed for their tax obligations from our tax consultant, with valuable tax experience, ex Inland Revenue Officer Who s tax issues are back dated and outstanding for examination without ever clearing and you want action to finish with them Who like to invest in new business ideas and require professional consultation from Independent Business and Tax Consultants to prepare for them a feasibility study, a market research and source of Finance from European Funds, third party investors or Banking and Financial Institutions Greeks and international investors who like to set up an International Cyprus Company in order to gain the 10% lower corporation tax in Europe, legally and in accordance with double taxation treaties agreements Formation of international Cyprus Companies with a save and secured bank account Registration of a Cyprus Company, which is a well accepted corporation, set up in accordance with money Laundering European Law articles and rules Who like to have a quality and value for money Tax and Business Consulting services 3

3. Become our client and associate - 10% commission For every new client you introduced to us we give you a 10% οn going yearly commission on our invoices. Example: Your yearly accounting expenses 2000 Less: Our invoices on common clients that you have introduced to our company Our invoices value of 5000 * 10% commission every year 500 Your yearly net accounting expenses 1500 4 4. Become our professional associate - 15% commission Example: Our invoices on common clients that you have introduced to our company 10 clients of 2000 invoices per year 20000 Deduct 50% Expenses for administration 10000 Net profit 50% 10000 Commission for associate 15% 3000 Become our Associate and earn 15% profit on turnover You can make a valuable carrier: If you are accountant, lawyer, entrepreneur, economist, banker, or somebody with contacts and technical knowledge on sales? If you like co-operation on specialised services for tax, accounting and business consulting that will deliver to you a high income? Do you like to build up your own progressive portfolio of clients and a satisfactory income? Are you desperate to improve your economics and succeed high income? Are you ambitious personality with high prospects for the future? Do you like to work on our own pace and strength, schedule appointments and time management, using our internet tailor made software communication technology means?

5. Our history CY TAX CONSULTANTS was established by Mr. Nicholas Pais, who has successfully served for more than twenty three years different job positions, with big Accounting Firms and as a Tax Officer in the Income Tax Office of Cyprus, from where he gained valuable professional experience that helped him into building good profession reputation. The founder s vision was to set up an organization to offer specialised professional tax, business and advisory services for corporations and physical persons who have problems with their tax and business issues. Our long term existence in the industry of professional tax and Business Advisory Services has proved to be consistent, trustworthy and effective on the tax cases we had completed. Market demands have brought our corporation to be rapidly expanding in Greece with the main target to deliver high standard Specialised Tax and Business Advisory Services for persons and corporations who have Tax needs and requirements for the formation of international corporations with European profile. Cyprus as a full Europe member State has set up the lower 10% corporation tax rate among the other Europe Members. CY TAX CONSULTANTS has brought a revolutionary way in organizing its services and created an internet based software for the smooth and efficient time management, preparation, administration and decision making process for its corporation. 5 Our own tailor made internet based software delivers high level office automation, categorises, standardises and creates a tool towards watch, approval, administration, decision making, invoicing and communication of all actions and activities of the corporation. Our long term target philosophy is to deliver high level organised and quality services and create a chain of associates worldwide by using our internet web based application software.

6. Globalization Is not a secret that too many orgainizations conceive the world as one market. The use of internet and other communication technology has brought long distance clients outside our door. This demand created a methodology of changing and adopting into new business environment very quickly in order to meet the global client s demand and needs. Globalization made a change in the way corporations are taxed on their world wide rather their local income. 6 Clever men move their direction towards countries with higher level of demand, good environment business conditions, lower level of taxation and competition for their products. That is why, now is the perfect time to decide the following: Chose Cyprus 10% corporation tax bracket Chose Cyprus as your country in which you want to establish your tax residence and new business Incorporate your company and chose Cyprus as your country in which the Board of Directors will manage, control and perform decision making process. Open a bank account in Cyprus in which you have established your tax residence. Start trading and enjoy nil or low taxes in Cyprus into where you normally, reside. We can help getting the right information for starting a business, Dealing with Licenses, Employing Workers, Registering Property, Getting Credit, Protecting Investors, Paying Taxes, Trading Across Borders, Enforcing Contracts and Closing a Business. In CY TAX CONSULTANTS our main target is to help international business to learn how they can benefit from registering low tax company and opening a secured bank account in Cyprus, 100% legal and safe. Our experienced and competent personnel will immediately study, discuss build up and conclude your case based on your own needs and will recommend which is the best tax structure for your case. 7. Contact us We will communicate with professionalism and secrecy for your plans and we will found out which is the best solution for your own case.

8. Our Services Tax and accounting: Market research, feasibility studies and finding the source of financing new projects Set up of international companies Set up of secure offshore bank account Representation and settlement of objections to Income Tax and Supreme Court. Conclusions on assessments which are wrong or unfair Preparation of tax planning for physical and corporate persons Preparation and submission of declarations to Income Tax and VAT Preparation, submission and representation of Capital Statement examination to Income Tax Issuance of any type of tax clearance from Income and VAT tax Tax planning for purchase, sale, reorganization, and dissolution of corporations Book keeping VAT declarations Financial Statements preparation Financial ratio analysis 7 9. Our goal: Promote the accountancy profession by means of high standard of services and dedicate our selves to give max professionalism. 10. Our mission: To offer class A services for class A clients and to deliver quality international business consulting, tax planning and accounting services, with consistency, high professionalism and respect to our clients. 11. The secret of our success: We dedicate our selves to deliver the right personal attention and solution to problems in return for a fair reward. Our firm was organized with targeted professional specifications in order to give fast, effective and high standard services.

12. Our company: Based on our long term experience about the needs of local and international consumer, we have given the right service specifications for fast, effective and efficient problem solution for business consulting, tax planning and accounting services. 13. Formation of International Companies 8 We will do all procedures required from A-Z, for the formation of the International Cyprus Company, in very little time you will be ready to start your international activities. We will offer you Business advisory and tax consulting services, supporting you for all your business operations and actions to be taken in Cyprus. We will advice you in every step you make in order your company to be profitable and to feel satisfied for choosing us as your Business Advisors and Tax Consultants. We will deliver the right consultation for your business, your tax matters and we will solve all the queries about Cyprus International Companies. You need to feel secure and 100% sure that all the activities about the formation of Cyprus company are legal and in accordance with applicable money laundering law and rules. Our expert and competent Tax Consultant, Ex Inland Revenue Officer of Cyprus and his team will answer all questions and clear all inquiries for matters relating to incorporating a Cyprus company. We will prove to you that the procedure is 100% legal and safe. Formation and registration of Cyprus International Company You should follow the following easy steps: For the formation of Cyprus Company declare: 1. three possible names, 2. the main trade activities and scope, 3. the Shareholders, Directors and Secretary.

Details: What is required to set up a Cyprus Company? The Cyprus Company, under common circumstances can be in the form of a Limited Liability Company with shares. For the formation of a Cyprus Private Limited Liability Company with Shares the following information is requested: 1. Name of the Company: Before you set up a company you should get an approval for the name from the Cyprus Registrar, the name of the Company can be written with Greek or English letters and with the word Limited at the end. It is required to prepare a minimum list of three possible names for approval. 2.Preparation of memorandum and articles of association: Includes all the details of the Company s common trade scope and objects which cover a huge business trade activities. The main object is usually written in the first object article of trade. For example shipping, business consulting, building construction or Tourist company. 3. Shareholders, Directors and Secretary: They can be any legal or physical person originated from Cyprus, Greece, Europe and Non Europe resident. You should disclose all correct information about First and Last Name, correspondence address, occupation, nationality and date of birth. In case you prefer anonymity Cypriot Nominee Shareholders can be appointed. 9 4. Share Capital: There is no minimum limit for share capital. General practice suggest that the minimum share capital will be 1.000 Euros, consisting of 1000 shares with nominal value 1 Euro each share. 5. Registered office address is the place where directorship and decision making process of the company is made. You should prove that management and control of the company is made in Cyprus if you want to be taxed in Cyprus. Directors and Secretary are strongly requested to prove that they manage and control the company with a physical presence in Cyprus. The tax bracket for Cyprus resident company is 10% corporation tax. Dividend tax is 15% for Cyprus tax residents residing in Cyprus for more than 183 days a year. If shareholders stay in Cyprus for less than 183 days per year this proves that they are not tax residents in Cyprus and therefore pay 0% dividend tax in Cyprus.

14. Cyprus - An international Business Center The freedom of foreign currency movement from the central bank of Europe and the establishment of Euro as a common currency has helped global business to move into European countries which are considered to be Business Centers, offering a place for high level of services and low tax system. Cyprus has succeeded establishing its place as Business Center and attracted more than ninety thousand international corporations. Over the last twenty five years Cyprus was considered to be an attractive place for international business and has set up a remarkable system both in the private and the government sector, helping international corporations to find a solution, in rendering building premises for their offices, for recruiting competent human resources, for Legal services, for Business Advisors and Tax Consultants and for government services. Cyprus has been a full European Member State and has set up the lower 10% corporation tax among other European Member States and has entered into Double Taxation Treaties with thirty eight countries worldwide, including Greece. 10 More than ninety thousand International Corporations including Shipping and other Multi National Corporations have set up a Permanent establishment in the Inland. Cyprus is remarkable place both for long summer holidays as it is a famous destination for most European Citizens especially English, with more than 1.5 Million Tourist per year. In a fast changing world where globalization of economies plays the key to success corporations and clever business men are moving towards markets with higher level of demand for their products, lower level of competition and lower level of taxation. Cyprus is different from other financial international Business Centers in that offers the lower 10% corporation tax in Europe and thirty eight Double Taxation Treaties with most well known countries. Cyprus is not considered to be an offshore paradise center and has made legal changes to get synchronized with Europe and International Law. International Trade Laws as well Money Laundering Laws have placed Cyprus to be considered a Financial Business Center with true and fair recognition from Europe and well know countries.

Is remarkable to view the following motives for setting an International Cyprus Company: 1. Lower 10% corporation tax in Europe 2. With the right tax planning corporation tax can get lower than 10% On the taxable profits. 3. Cyprus companies under no circumstances are considered to be Paradise corporations and have passed all legal barriers for international recognition. 4. Cyprus invoices and expense vouchers are very well recognized from all European Countries as fully deductable for vat and tax purposes. 5. Cyprus companies are not taxed in accordance with article 15 p.3 and the special tax regime 3% set on by Greek Law 3091 / 2002. 6. Cyprus Tax Law does not include negative articles for transactions between Cyprus and Offshore companies. 7. All foreign non Cypriot shareholders of Cyprus companies pay nil Corporation dividend tax if they reside in Cyprus for less than 183 days per year. 11

15. Οι επαγγελματικοί μας σύμβουλοι Our Consultants Παής Νικόλαος - Φοροτεχνικός Pais Nicholas - Tax and Bussiness Advisor 12 Είναι ο ιδρυτής της CY TAX CONSULTANTS και Διεθνής Συνεταίρος της Klako Group Firm of Professional Accountants in China. Είναι Διεθνής Φορολογικός και Επιχειρηματικός Σύμβουλος. Απόφοιτος του Πανεπιστήμιου State University of New York, με δίπλωμα στα οικονομικά και την λογιστική. Είναι μέλος του Συνδέσμου Εγκεκριμένων Λογιστών της Κύπρου (ΣΕΛΚ) και της Αγγλίας (ACCA). Έχει εργαστεί με επιτυχία σε διάφορα σημαντικά πόστα μαζί με διαφόρους Διεθνείς Λογιστικούς Οίκους όπως Coopers and Lybrand, Touché Ross, Clark Kenneth Leventhal and Moore Stephens και στο Γραφείο Φόρου Εισοδήματος. Από τις θέσεις στις οποίες υπηρέτησε, άντλησε σημαντικές επαγγελματικές εμπειρίες που τον έχουν βοηθήσει στην μετέπειτα ανοδική επαγγελματική του σταδιοδρομία. Έχει εργαστεί με μεγάλη επιτυχία στο Τμήμα Εσωτερικών Προσόδων Κύπρου και είναι έμπειρος σε θέματα διεθνών εταιρειών, έκδοσης φορολογικών εκκαθαριστικών, εξέταση λογαριασμών διεθνών εταιρειών και Εργολάβων Οικοδομών. Επίσης είναι έμπειρος σε επαγγελματικές συμβουλές για οικονομικές αναλύσεις και εισηγήσεις για αύξηση της επίκερδότητας και αναδιοργάνωσης εταιρειών. Η μεγάλη εμπειρία που διαθέτει σε Φοροτεχνικά και Τεχνοκρατικά θέματα των κατατάσσουν στους κορυφαίους Φοροτεχνικούς στην Κυπριακή Δημοκρατία. Με την γνώση του και την εμπειρία του είναι ο εγγυητής της επιτυχίας για κάθε εγχείρημα που οι πελάτες μας επιχειρούν στην διεθνή αγορά. He is the founder of CY TAX CONSULTANTS and an international Partner of Klako Group Firm of Professional Accountants in China. He is an international Tax and Business Advisor. He holds a Bachelors Degree in Accounting and Business studies, from the State University of New York. He is a member of the Association of Certified Chartered Accountants (ACCA) in the United Kingdom and Cyprus. He has successfully served for the last twenty three years from different job positions, with big Accounting Firms like Coopers and Lybrand, Touché Ross, Clark Kenneth Leventhal and Moore Stephens. He also worked in the Income Tax Office of Cyprus, from where he gained valuable Professional experience that have helped him into building good reputation. Having worked with success in the Cyprus Inland Revenue Department of International companies examination and tax clearance certificates, he is experienced and specialised in International Business & Tax Law and Treaties. He has also specialised experience regarding the examination of accounts for land and building developers and contractors. He is an expert on giving professional opinion on financial statement analysis and proposals on how to improve profitability and overcome economic crisis, by giving restructuring scenarios and propositions. His great experience in Specialized Tax and Technocratic subjects puts him among the top in the list of Specialized Tax Consultants in Cyprus. This is the guarantee for the cases we take.

Καρόπουλος Στάθης - Σύμβουλος Διεθνών Εταιρειών Karopoulos Stathis - Consultant for International Companies Γεννήθηκε στην Αθήνα το 1970. Έχει εργαστεί με επιτυχία από το πόστο του Διευθύνοντος Συμβούλου σε διάφορες επιχειρήσεις στον χώρο του Διεθνούς Εμπορίου. He was borned in Athens in 1970. He had worked with success from different job positions in several International Organizations in Greece. Διαθέτει μεγάλη εμπειρία σε τεχνοκρατικά θέματα καθώς και σε θέματα διεθνών και κυπριακών εταιρειών. Είναι ο Εκτελεστικός Σύμβουλος του γραφείου μας στον Ελλαδικό χώρο και ο συνδετικός κρίκος των πελατών μας με τα κεντρικά γραφεία της Κύπρου. He has great experience in Technocratic subjects especially on International Business. He is the Director of CY TAX CONSULTANTS for our office in Greece. He is the chain for the smooth administration of our international clients in Greece. 13 Χριστίνα Φλώρου - Νομικός Σύμβουλος Christina Florou - Legal Consultant Γεννήθηκε στην Αθήνα το 1978. Αποφοίτησε από τη Νομική Σχολή του Πανεπιστημίου Αθηνών και ολοκλήρωσε το Μεταπτυχιακό Πρόγραμμα Σπουδών Εγκληματολογίας του ΠΑΝΤΕΙΟΥ Πανεπιστημίου. Αφού ολοκλήρωσε την άσκησή της στο Ειδικό τμήμα Φορολογίας του Νομικού Συμβουλίου του Κράτους, εργάζεται ως δικηγόρος στην Αθήνα. Αποτελεί την εγγύηση για την νομιμότητα των οποιοδήποτε εμπορικών συναλλαγών που είναι δυνατόν να αποφασίσετε να επιχειρήσετε σε συνεργασία με τον οργανισμό μας. She was borned in Athens in 1978. She graduated from the Law School of The University of Athens, having completed a post graduate program in Criminal Law of Pantios University. She had finished her exercise in the Special Law Department for Taxes of Greece Government. Right now she Has her own independent office in Athens as Lawyer. She is the Legal Consultant of CY TAX CONSULTANTS and she is the guarantee for advising Greek clients about legalization procedures on how to set up a Cyprus low tax International Company.

Λαός Νικόλαος - Υπεύθυνος Μελετών και Επιδοτήσεων Laos Nicolaos - Director for Research and Feasibility Studies 14 Γεννήθηκε στην Αθήνα το 1974. Το 1996, αποφοίτησε από τη Μαθηματική Σχολή του Πανεπιστημίου La Verne (Καλιφόρνια), ειδικευμένος στη μαθηματική λογική και τον μαθηματικό προγραμματισμό. Στη συνέχεια, ολοκλήρωσε μεταπτυχιακά και ερευνητικά προγράμματα στις Διεθνείς Σχέσεις και στη Φιλοσοφία των Κοινωνικών Επιστημών στο Πανεπιστήμιο του Kent (Αγγλία) και στο Royal Institute of International Affairs (Chatham House), καθώς και στη Διοίκηση Επιχειρήσεων (MBA) και στη Χρηματοοικονομική στο European University και στο Free European School of Economics (Ελβετία). Είναι κάτοχος διδακτορικού τίτλου οικονομικών (Columbia-Cloverfield) και επί τιμή διδακτορικού τίτλου στη Φιλοσοφία της Θρησκείας (St Elias School of Orthodox Theology Νεμπράσκας Belford). Επίσης, έχει αναγορευθεί επί τιμή Ακαδημαϊκός στα πεδία των ανθρωπιστικών επιστημών από τη Norman Academy της Ρώμης και από την International Academy of Saint George της Πολιτείας Ουιόμινγκ ΗΠΑ. Έχει χρηματίσει προϊστάμενος ακαδημαϊκών υποθέσεων και καθηγητής οικονομικών σε προπτυχιακά και μεταπτυχιακά προγράμματα του European University στην Ελλάδα και έχει εργαστεί ως ερευνητής στα πεδία της διαχείρισης κινδύνων, των οικονομικών της άμυνας και της διεθνούς ασφάλειας στο Πανεπιστήμιο του Kent (Αγγλία) και στο Royal Institute of International Affairs (Chatham House). Επίσης, έχει εργαστεί ως διευθυντής παραγώγων και τίτλων σταθερού εισοδήματος σε ελληνική χρηματιστηριακή εταιρεία (EUROFINANCE ΑΕΠΕΥ) και ως διευθυντής στρατηγικού μάνατζμεντ στους κλάδους των κατασκευών, καινοτόμων τεχνολογιών και διαχείρισης ευρωπαϊκών ερευνητικών προγραμμάτων (TERNICA SA, SOFTCENTER SA, PRO SCIENTIA RESEARCH AND DEVELOPMENT INSTITUTE). Έχει αναπτύξει πολύπλευρη επαγγελματική δραστηριότητα ως σύμβουλος σε θέματα FUND MANAGEMENT, RISK MANAGEMENT, και COUNTRY ANALYSIS με θέματα επενδύσεις σε κεφαλαιαγορές, χρηματαγορές, αγορές ενέργειας (βιοκαύσιμα, πετρέλαιο, φυσικό αέριο), προγράμματα εθνικής ανάπτυξης και, σε μικρή έκταση, στη ναυτιλία. Αποτελεί το κλειδί της επιτυχίας του γραφείου μας στον τομέα ερευνάς, ετοιμασίας μελετών βιωσιμότητας, εξεύρεση ευρωπαϊκών κονδυλίων επένδυσης και γενικά εξειδικεύεται σε θέματα επενδύσεων, διοίκησης και οργάνωσης επιχειρήσεων. Nicolas Laos was born in Athens, Greece, in 1974. He is an economic and political consultant, with extensive international professional background in the fields of fund management, risk and country analysis, company valuation, construction industry, software industry, etc. He is a graduate (with honors) of the Mathematics Department of the University of La Verne, California. He holds an MBA in Finance from the Free European School of Economics (Brittnau, Switzerland), and he has completed postgraduate and research programmes in International Relations (international political economy and international security) at the University of Kent and at the Royal Institute of International Affairs (Chatham House, London). For his accomplishments in the fields of the social sciences and humanities, he has been awarded with the title of Academician from the Norman Academy of Rome (Italy) and from the International Academy of Saint George of the State of Wyoming (USA), and he has been awardsed with a Doctorate Degree in Divinity from the Saint Elias School of Orthodox Theology (Nebraska, USA). Furthermore, Nicolas Laos has been awarded with chivalric titles. He is Knight of the Hospitaller Order of Saint Lazarus of Jerusalem, Noble Lieutenant of the Pontiffical Military Guard of the Holy See of Saint James the Just of Jerusalem, Knight Commander of the Order of Saint Daniel the Prophet, and Knight Grand Cross of the Order of Saint Michael the Archangel. Nicolas Laos has published several books, research papers and articles. Some of the books authored by Nicolas Laos are the following: (1) Topics In Mathematical Analysis and Differential Geometry (World Scientific Publishing, Co., 1998), (2) Finance (Kosbil - K. Smpilias Publications, 2005), (3) Theory Construction and Empirical Relevance in International Relations (Ant. N. Sakkoulas Publishers, 2000), and (4) Financial Engineering (Diavlos Publications, 2004). Articles written by Nicolas Laos have been published by the Center for Strategic Research (Turkey), Moshe Dayan Center (Israel), US Postgraduate Naval School, Institute of International Economic Relations (Greece), ELIAMEP (Greece), «Naftemporiki» newpaper (Greece), etc. Moreover, Nicolas Laos has lectured extensively at the Business School of the European University (Switzerland - Greece Campuses). He is the key for our office success in the field of feasibility studies, market research, applications for obtaining funding by European Community Funds, specialization on subjects on management and organization for businesses.

Cytax Consultants Cyprus Office: 25th March Street No7, Apt 101, 2408 Engomi, Nicosia, Cyprus Tel: Cyprus 7000 3360, International +357 22 461 402, Fax: +357 22 819 011 Email: info@cytaxis.net, www.cytaxis.net Greece Office: Favierou 16-18, Athens, Greece Tel: +30 2130 441 442 - Mob : +30 699 66 11 911 Email: info@cytaxis.net, www.cytaxis.net