Tarovision Fiduciaries Group

Fees Schedule

 

* ONLY FOR CYPRIOT ENTITIES

BANK INTRODUCING SERVICES
Description Fees () Note
Bank Account Opening Services – Cyprus 800 For companies incorporated by Tarovision Fiduciaries Group
Bank Account Opening Services  – Cyprus 1.000 For companies not incorporated  by Tarovision Fiduciaries Group
Bank Account Opening Services  – Other Jurisdictions 900 For companies incorporated by Tarovision Fiduciaries Group
Bank Account Opening Services – Other Jurisdictions 1.100 For companies not incorporated  by Tarovision Fiduciaries Group
Filling application for Debit Card 70 Per each application
Bank Account Opening Services  – Cyprus 1.000 Individuals
Bank Account Opening Services  Other Jurisdictions 1.200 Individuals
Introduction Compliance Fee for New Clients 150 Applicable for each person  or legal entity involved in the Company  Not applicable for  Tarovision Fiduciaries Group nominees
COMPLIANCE SERVICE CHARGES
Description Fees (€) Note
Introduction Compliance Fee for New Clients 150 Applicable for each person  or legal entity involved in the Company  Not applicable for  Tarovision Fiduciaries Group nominees
Annual Compliance Review 100 Total fees for all person or legal entity involved in the Company. Not applicable for  Tarovision Fiduciaries Group nominees
Compliance Service Fee for all post company incorporation services involving new persons or legal entities. 120 Applicable for each person  or legal entity involved in the Company  Not applicable for  Tarovision Fiduciaries Group nominees
COMPANY ADMINISTRATION
Description Fees (€) Note
Signature of Documents 30 each  document page
Signature of Documents

–       Financial Reports

–       Bank Application

 

50 each  bundle of documents
LEGAL ADMINISTRATION SERVICES
Description Fees (€) Note
Drafting of Resolutions 70 each resolution
Drafting Minutes 90 each minutes
*Incumbency Certificate 120 each Certificate
 * Incumbency Certificate  with certified copies of Company Certificates 200 each Certificate excluded the Memorandum & Articles of Association
* Incumbency Certificate  with certified copies of Company Certificates + Memorandum & Articles of Association 250 each Certificate
* Other certificate issued by the Secretary 150 each Certificate
Inspections of Company files and other operation connected to the acquisition of documents and /or information 150 Hourly Rate – charged in 1/4 hour blocks
Drafting Power of Attorney 150 each Power of Attorney
Drafting Letter for 3rd parties 150 Hourly Rate
Preparation and Submission of Company Registrar / Companies House or Register of Commerce 40 each form
Preparation of file for transfer the Company to another Services Provider e/o Registered Agent 350 each file
TAX   SERVICES
Description Fees (€) Note
*Income Tax Registration with Authorities 110 Obtain TIN number
*Registration with VAT Authorities 130 Obtain VAT number
*Registration with VIES Authorities 130 Obtain VIES registration
*Registration with INTRASTAT 130
*TAXISNET Registration 50 For each registration
*Deregistration with VAT Authorities 150
*Deregistration with VIES Authorities 150
*EORI Registration 350
*Official Request of Information from VAT Authorities 150 Hourly Rate – charged in 1/4 hour blocks
*Preparation of official letters to correct previously submitted VAT  Returns 150 Hourly Rate – charged in 1/4 hour blocks
*Preparation and Submission of Company House Levy 20
*Preparation and Submission of Tax Returns and other Tax forms 250 For each form
*VAT Returns – Preparations and Submissions 100 to 200 For each form – final amount based on volume of work involved
*VIES Returns – Preparations and Submissions 25 to 150 For each form – final amount based on volume of work involved
*Tax Residency Certificate 120 each Certificate + Governmental Fees
*Tax Clearance Certificate 150 each Certificate + Governmental Fees
ACCOUNTING   SERVICES
Description Fees (€) Note
Bookkeeping Services – Dormant account 300 Including the preparation of annual accounts reports

 

Bookkeeping Services – from 0 to  50 transactions 700 Including the preparation of annual accounts reports
Bookkeeping Services – from 50 to  200 transactions 1200 Including the preparation of annual accounts reports
Bookkeeping Services – above 200 transactions To be quoted
Preparation of various statements ( no annual reports) 70 each Statement
CONSULTANCY SERVICES
Description Fees (€) Note
Consultancy services 150 Hourly Rate – charged in 1/4 hour blocks
Drafting of Deed, Letter and other documents 150 to 300 Fixed fee – final amount based on volume of work involved
Drafting Memorandum, Partnership Agreements or Deed of Trust 150 to 300 + Hourly Rate of 190 Final amount based on volume of work involved
Phone/Text/Email/Skype 200  Hourly Rate  – charged in 1/4 hour blocks
CERTIFICATE & CERTIFICATION SERVICES
Description Fees (€) Note
*Certificate issued by authorities 70 each Certificate + Governmental Fees
Certificate issued by authorities – electronic format 50 each Certificate + Governmental Fees
Certification of copies of original documents by Tarovision Officers 30 each Certificate
*Apostille 75 each Certificate + Governmental Fees
Certification of signature 20 each Signature
Certified translation of documents To be quoted
*Affidavit 120 each Document + Governmental Fees
MANAGEMENT & TRUSTEE SERVICES
Description Fees (€) Note
Director Services 350 each Director  – yearly
Secretarial Services 350 each Secretary  – yearly
Nominee Shareholder Services 350 each Shareholder – yearly
Trustee Services  – Annual Fee 500 yearly
Trustee Services –  Operational  Fees To be quoted final amount based on volume of work involved and risk connected
Payment services 5 For each payment performed by  the client account ( only for payments of Governmental Fees, Auditor Fees and other operational expenses )
Attending Board of Directors 50 each Board
Attending AGM 50 each General Meeting – applicable also for
Attending Meeting on behalf of the Company / Trust 150 Hourly Rate – charged in 1/4 hour blocks
Company management activities 150 Hourly Rate – charged in 1/4 hour blocks
REGISTERED OFFICE  SERVICES
Description Fees (€) Note
*Annual registered office fee – option 1 250 Only legal correspondence ( authorities )
*Annual registered office fee – option 2 500 Only legal correspondence with forwarding mail services by scan method – 50 mail per year
*Annual registered office fee – option 3 800 Business and legal correspondence with forwarding mail services by scan method – 50 mail per year
Mail services per mail received 5
Scanning mail service – per mail received 5
Forwarding mail services by post – per mail received 5 + Postal cost
Telephone & Fax Services To be quoted
DISSOLUTION & LIQUIDATION  SERVICES
Description Fees (€) Note
Dissolution Services by Struck Off 600 + Governmental Fees
Liquidation Services – Annual Fee 2500 + Governmental Fees
Liquidation Services – Operational  Fees To be quoted final amount based on volume of work involved + Governmental Fees
INTRODUCER FEES
Description Fees (€) Note
Acting as introducer in Bank or Financial Institution 150 yearly
Correspondence with the Bank or Financial Institution 200 Hourly Rate – charged in 1/4 hour blocks
Correspondence address for bank communications 50 yearly
FINANCIAL AUDITING 
Description Fees (€) Note
Financial report issued by registered Auditor To be quoted
POST AND COURIER SERVICES
Description Fees (€) Note
International courier 100 Remote locations + 50 Euro
International registered post 30 Up 500 g. + 15 Euro
Local courier (within Limassol or Lugano) 15
Local intercity courier 30

 

 

1. APPLICABILITY

These Terms of Business set out the general terms that will apply to the services provided by TAROVISION Consulting and/or any of the third professionals appointed to perform the services (hereinafter referred to as “TAROVISION”) to its clients.

2. DEFINITIONS

2.1 In these Terms and Conditions, the following words and phrases shall, save where the context requires otherwise, have the following meanings:
“TAROVISION” refers to one or more of Tarovision Fiduciaries Group Ltd, a Cyprus private company limited by shares, its subsidiaries, its network of member firms, agents,intermediaries and their related entities. TAROVISION and each of its member firms are legally separate and independent entities that provide the “Services”;
“Business Day” means a day on which the Service Provider is ordinarily open to carry on business;
“Client” as used herein means the person who engages TAROVISION to render Services,directly or through the Managing Person or Authorised Person and/or means the beneficial owner and/or his Managed Entity to whom the Service Provider provides the Services;
“Managing Person or Authorised Person” as used herein means the person, if any, who is generally Autorised by the Client to give instructions to TAROVISION on a day to day basis;
“Instructions” means any communication, confirmation, instruction, notice or request given in writing by the Client or any other Authorised Person of the Client;
“Fee Schedules” means the attached Schedule of Fees or any Schedule of Fees issued from time to time by the Service Provider for the Services, as such schedule appears at all times on the web side of the Service Provider;
“Managed Entity” means any entitiy(ies) created directly or indirectly by TAROVISION, or any entities managed by TAROVISION, or any entities that TAROVISION provide Services, and any entity(ies) owned by the Managed entity in respect of which services are provided;
“Appointees” means and includes any individual or company who as part of the Services shall act as a director or other officer, secretary, trustee, protector, enforcer, nominee Partner,manager, signatory, shareholder or Registered Agent of any Managed Entity;
“Service Provider” means TAROVISION and each of its employees, agents,officers and servants from time to time who are engaged in providing the Services worldwide;
“Employees” means and includes the directors, other officers, consultants,partners and staff (as appropriate) of the Service Provider;
“Fee Schedules” means the attached Schedule of Fees or any Schedule of Fees issued from time to time by the Service Provider for the Services, as such schedule appears at all times on the web side of the Service Provider;
Services” as used herein means the provision by TAROVISION carried out or performed for or on behalf of or in connection with (whether before or after its establishment) any Managed Entity by the Service Provider or any Appointee or Employee of services consisting of:
i. Administration and consulting/advisory Services including the provision of corporate, management, administration and accounting services and without prejudice to the generality of the above in particular:
a) providing a corporate registered office, VAT agent, payroll agent, tax agent and/or registered agent;
b) corporate administration and record maintenance;
c) preparation and assistance in drawing up of minutes of corporate meetings of directors or general meetings of shareholders, including acting as company secretary;
d) maintaining of books of corporate accounts and filing the requisite annual returns;
e) providing office secretarial services and correspondence address, mail receipt, answering and facsimile services;
f) providing compliance services;
g) other administration services requested and agreed to in writing.
ii. The holding of any property for the benefit of a third party beneficiary.
iii. Director Services which means providing director services directly or through
the introduction to the Client of third party entities or persons to carry out such function.
h) other administrative services regulated by law that TAROVISION can provide under own governmental license.
2.2 References to these Terms and Conditions shall include the current version
or any other version as amended from time to time.
2.3 UNACCEPTABLE BUSINESS AND ACTIVITIES REQUIRING PRE-APPROVAL
2.3.1 “Illegal Activities” means any activity designated anywhere in the world as illegal or criminal which, with
out prejudice to the generality of the foregoing,shall be deemed to include activities relating to terrorism, drug trafficking,money laundering, receiving the proceeds of criminal activities or trading  with countries which may from time to time be subject to any  embargo imposed by the Security Council of the United Nations, the European Union or any successor or similar international organisation.
2.3.2 “Prohibited Persons” means persons:
2.3.2.1 prohibited  under the laws of any country for whatsoever reason or who may otherwise be legally incapable or disqualified from being party to a contract.

2.3.2.2 who are undischarged bankrupts or are otherwise disqualified from acting as a director or company officer  or who have ben imprisoned or found guilty of any criminal offence (other than a motoring offence carrying a non-custodial sentence).

2.3.2.3 who have been proven to act in a fraudulent or dishonest manner in any civil proceedings.
2.3.2.4 who are resident in a country which is subject to any international restriction or embargo including, but without prejudice to the generality of the foregoing, those imposed by the Security Council of the United Nations, the European Union or any successor or similar organization.
2.3.2.5 who are government officials or politicians.
2.3.3 “Prohibited Activities” means activities not approved or accepted by Tarovision and which, without prejudice to the generality of the foregoing,include activities relating to:
2.3.3.1 arms, weapons or munitions;
2.3.3.2 mercenary or contract soldiering;
2.3.3.3 security and riot control equipment such as stun guns, electronic restraining devices, CS gas or other similar materials, pepper sprays or any other device that could lead to the  abuse of human rights or be utilised for torture or which may otherwise be used in an offensive manner;
2.3.3.4 technical surveillance or bugging equipment and industrial espionage;
2.3.3.5 dangerous or hazardous biological, chemical or nuclear material
s including equipment or machinery to manufacture or handle such materials and the
transportation,handling,  disposal or dumping of such materials;
2.3.3.6 human or animal organs, including blood and plasma;
2.3.3.7 the abuse of animals, vivisection or the  use for any scientific or product testing purpose of animals;
2.3.3.8 genetic material;
2.3.3.9 adoption agencies, including surrogate motherhood;
2.3.3.10 the abuse of refugees or human rights;
2.3.3.11 pornography;
2.3.3.12 drug paraphernalia;
2.3.3.13 the provision of degrees or qualifications;
2.3.3.14 the provision of credit cards;
2.3.3.15 pyramid sales;
2.3.3.16 religions, religious cults and charities;
2.3.3.17 the offer or provision of legal or tax advice otherwise than by persons who are professionally qualified and, where appropriate, licensed so to do;
2.3.3.18 the provision of trustees or services relating to the administration or management of trusts, companies or the under  taking of any service or business that might compete with Tarovision;
2.3.3.19 trading or other activities relating to futures or other derivatives or financial instruments that create an open or  unlimited exposure;
2.3.3.20 any activity which may damage the reputation of Tarovision or the country of establishment or incorporation of the Entity.
2.3.4 “Pre-Approval Required Activities” means:
2.3.4.1 financial business involving: soliciting funds from the public, offering investment advice to the public, insurance business, the operation and administration of collective investment schemes or the management of investments other than where the assets so managed comprise the property of the Entity;
2.3.4.2 any activity relating to the provision of financial services or any other business activity which requires a licence in any jurisdiction;
2.3.4.3 time share and holiday clubs;
2.3.4.4 advertising an Entity or any address belonging to Tarovision by any means (including the Internet);
2.3.4.5 accepting payment over the Internet for products or services;
2.3.4.6 trading in high-risk products or services, or products or services which may be associated with fraud such as alcohol, cigarettes, tobacco, fine art, the provision of telephone and mobile telephony services (including call back numbers and trading in mobile telephones or SIM cards) and computer chips;
2.3.4.7 utilising merchant numbers for processing credit card orders;
2.3.4.8. gambling or lotteries;
2.3.4.9 mail or telephone order schemes;
2.3.5 If any Clients or the Clients’ Appointees are or become Prohibited Persons, or engage in any Illegal Activities or the Entity engages in any Illegal Activities or Prohibited Activities or undertake any Pre-Approval Required Activities without first obtaining Tarovision’s prior written consent, Tarovision may at its discret
ion immediately terminate the Services or take any of the actions referred to in Paragraph 14 hereof.

3. WARRANTIES

3.1 The Clients undertake, warrant and covenant with Services Provider that:
3.1.1 they have full legal capacity to enter into an agreement with Services Provider in accordance with these Terms of Business and to acquire the Entity and to receive the Services;
3.1.2 when the Entity is not a trust or a foundation, they are the ultimate beneficial owners of the Entity;
3.1.3 they are not and will not act in a fiduciary capacity for any other person,firm or company in relation to the Entity;
3.2 The Clients undertake and warrant with Services Provider that they:
3.2.1 will comply with Services Provider ’s Terms of Business;
3.2.2 procure that those appointed as Clients’ Appointees understand the legal duties and obligations created by these Terms of Business and shall, if so required by Services Provider , procure that such persons enter into direct written agreements with Services Provider agreeing to comply with these Terms of Business;
3.2.3 have taken appropriate tax and legal advice with regard to the establishment, acquisition and operation of the Entity;
3.2.4 agree that Services Provider may (but shall not in any event be obliged to) rely on communications received from the Clients or the Clients’ Appointees in determining what steps Services Provider is required to take in administering the Entity and providing the Services;
3.2.5 will pay, in full, any personal or corporate taxes that may become due as a result of the establishment and operations of the Entity;
3.2.6 will guarantee by personal assets, income the payment of unpaid invoices only if the bank’s assets of the Managed Entity , are insufficient to satisfy the creditors.
3.2.7 will guarantee at the Service Provider, if it act as Director or Trustee or Partner, the fully access and use , without restrictions, of the bank account of the Managed Entity and the
assets kept in this .

4. REMUNERATION AND EXPENSES

4.1 The Service Provider shall be entitled to (a) have a remuneration in accordance with the Fee Schedules; (b) be reimbursed for all disbursements and expenses incurred by it in providing the Services; (c) have a remuneration as otherwise agreed in writing between the Service Provider and the Client and (d) have a reasonable fee by reference to the amount of time spent by the Service Provider and the level of expertise of the persons involved in rendering the Services, in respect of additional services not detailed in any Fee Schedule and not otherwise agreed between the Client and the Service Provider.
4.2 Any estimate of the Service Provider’s fees is given only as a guide on the basis of the information then known to it and may not be regarded as a fixed quotation unless otherwise agreed. The Service Provider will endeavor to revise an estimate if it becomes clear that the level of charge is likely to be substantially different to the estimate.
4.3 The Client hereby guarantees the due payment of all fees, remuneration,disbursements and expenses payable under these Terms and Conditions or under any other agreement or arrangement between the Client and the Service Provider and agrees that the Service Provider may claim under this guarantee.
4.4 Invoices issued by the Service Provider for the Services rendered to the Client will be settled by the Client immediately and the Client agrees to pay and discharge any such invoice  immediately. If settlement of the invoice is not effected within 60 days after the invoice, the Service Provider reserves the right to charge interest on overdue accounts at the rate of 1% per month and to refuse to provide any further services to the Client until all outstanding amounts are settled.
4.5 Where a bank account is in operation, the Service Provider further reserves the right to pay bills, statements or other obligations of the Client by debiting its bank account(s) and this right shall include settlement not only of the invoices of the Service Provider, but also the payment of all duties, taxes, fees, levies and expenses claimed by the authorities of the jurisdiction of incorporation of the Client.
4.6 In the event of non-payment of all or any part of the fees, disbursements or expenses due to the Service Provider or which the Service Provider is liable to pay on the Client’s or Managed Entity’s behalf, then the Service Provider shall have a lien over, or the right not to release from its possession or control, all or any documents or assets, including assets held on the Client’s or Managed Entity’s behalf or to the Client’s or Managed Entity’s order or on behalf of or to the order of any company or other body in common ownership as the Client or otherwise connected or affiliated to the Client in any manner, until such time as all such fees, disbursements and expenses due and payable are discharged.
For avoidance of doubt, this lien shall apply to all documents, property and assets held in relation to the matter in respect of which fees, disbursements, expenses or liability have been incurred and in relation to any other matter whatsoever relating to the Client.
Furthermore, if the Service Provider should cease to act for the Client, a final invoice will be submitted and the Service Provider reserves all rights to exercise the right of lien as aforesaid over all documents, property and assets held on the Client’s or Managed Entity’s behalf or in relation to the Client or Managed Entity until such time as the final invoice is discharged in full. The Service Provider further reserves the right to resign from all posts and appoint the Client in these posts and the Client accepts that such appointment will be valid
without any further written acceptance or consent from his part.

5. REPRESENTATIONS

5.1 The Client is aware of the governing laws of his tax residence country and undertakes, declares and confirms that he shall not be involved in and that a request for Services shall not be for the purpose of, directly or indirectly, any one or more of the following:
a) money laundering and terrorist financing activities;
b) receiving the proceeds of drug trafficking;
c) receiving the proceeds of any criminal activities;
d) activities related to the trading in arms, munitions or other weapons;
e) activities related to trade in violation of any embargo or sanctions imposed by the institutions of the European Union and the Security Council of the United Nations or any other authority;
f) any activity illegal under any relevant jurisdiction (including his tax resident country);
g) any activity which
is likely to adversely affect Services Provider ’s reputation.
5.2 To the extent that the Services being provided by Services Provider are involved, the Client shall not, without the necessary authorization, be involved in:
a) soliciting funds from the general public;
b) offering investment advice to the general public;
c) managing investments other than those of a proprietary nature (own funds);
d) offering trustee or fiduciary services or holding assets other than its own property.
5.3 Should any such
procedures, declarations, confirmations, statements or any other client acceptance or compliance procedures be required, Services Provider shall not be obliged to provide the Services, or continue to service the Client, until such requirements are adhered to or such information is returned to the satisfaction of Services Provider .
5.4 The Client undertakes to immediately inform Services Provider of any changes in any of the circumstances forming the basis of the declarations, confirmations and/or statements mentioned in clause 5.3 or should any of the declarations, confirmations and/or statements made no longer be correct and/or complete, Services Provider shall be entitled to review its relationship with the Client based on such information and shall not be responsible for any action taken by it as a result.

6. INSTRUCTIONS

 

6.1 The Client authorizes Service Provider to give any notice to and to act on his own instructions (either verbal or written instructions) as referred to in these “Terms of  Business”.
6.2 The Client authorizes Service Provider to give any notice to and to act on the instructions (either verbal or written instructions) of the Managing Person or Authorised Person of the Client as referred to in these Terms of Business.
6.3 While Service Provider is Autorised to receive instructions from the client and/or his Managing Person or Authorised Person, Service Provider is not bound by, and shall not be liable for refusing to follow such instructions if it is not satisfied of the circumstances under which such instructions are given, or on the continuing authority of the Managing Person or Authorised Person or if the instructions of the agent contradict other instructions received from the Client.
6.4 Service Provider may act on verbal instructions and shall not be liable in any manner for doing so.
6.5 Service Provider shall have the right to ignore any instructions, which are given in breach of these Terms of Business.
6.6 The Service Provider may rely and act upon Instructions given by the Client or by the Managing Person or Authorised Person of the Client as this is mentioned in the Letter of Indemnity or in other specific document.
6.7 Where the Service Provider does not believe that the person giving Instructions is duly authorised or where the Service Provider is given Instructions that it believes are unclear or  contradictory, it may refuse to act upon such Instructions until it receives evidence to its satisfaction as to the Instructions or the person giving Instructions and none of the Service Provider, the Appointees or the Employees shall incur any liability for such refusal to act.
6.8 None of the Service Provider, the Appointees or the Employees shall incur any liability (a) for their failure to comply with any Instructions which are incomplete, ambiguous or contain errors; or (b) for the non receipt of any Instruction, written or otherwise; or (c) for the lack of authority of any person purportedly giving Instructions on behalf of the Client; or (d) by reason of any failure or lack of availability of the Service Provider’s computer systems or communication systems or in respect of any failure of any product used by them or their
suppliers or suppliers to the Managed Entity to accurately handle date related data or perform date related functions.
6.9 The Service Provider shall provide the Services with reasonable skill and care and shall deal with and act upon Instructions in a reasonably timely manner and undertakes to use reasonable endeavors to do so and shall not incur any liability for any loss arising by reason of the length of time taken to so act upon Instructions.
6.10 If work which the Service Provider has undertaken for the Client or Managed Entity does not proceed to a conclusion or if the Client or Managed Entity withdraws its Instructions, the Service Provider will charge for all work done up to the point the matter becomes abortive together with all costs, disbursements and expenses paid on the Client’s or Managed Entity’s behalf. In such circumstances the Service Provider will also charge for work done and all costs, disbursements and expenses associated with the orderly termination or the transfer of such work to another professional adviser, if applicable.
6.11 If (a) any demand is made against the Managed Entity for payment of any sum due including, without limitation, any taxes, duties, fees or other governmental or state impositions and such payment has not yet been made; or (b) the Service Provider has not been able to obtain Instructions from the Client in circumstances where, in the Service Provider’s opinion,Instructions are required in order to take action that it considers necessary; or (c) the Service Provider has received Instructions from the Client or any Managing Person or Authorised Person which, in the Service Provider’s opinion, are or may be illegal or contrary to the interests of the Client and/or the Managed Entity or which may lead to any of the Service Provider, the Appointees or the Employees incurring personal liability, then the Service Provider may, as it deems necessary, take such action on behalf of the Managed Entity as it thinks fit .

7. INDEMNITY AND LIMITATION OF LIABILITY

7.1 The Client undertakes at all times to hold the Service Provider, the Employees, the Appointees and their heirs, successors, assigns and personal representatives and each of them harmless and to indemnify them to the greatest extent permitted by law from and against all actions, losses, suits, proceedings, claims, costs, damages, demands, disbursements,expenses and liabilities whatsoever (or actions, investigations or other proceedings in respect thereof) which may arise or accrue or be taken, commenced, made or sought from or against them in connection with the Managed Entity or arising from the provision of the Services or any of them and will reimburse them for all costs and expenses and any interest in any amount paid by the Service Provider to third parties (including legal and other professional fees).
7.2 This indemnity will not extend to any actions, losses, suits, proceedings, costs, claims, damages, demands, disbursements, expenses and liabilities which may arise or accrue or be taken, commenced, made or sought from or against any of the Service Provider, the Employees, the Appointee s or their heirs, successors, assigns and personal representatives in respect of any fraudulent or grossly negligent act or omission of such company or person. This indemnity shall continue in force without limit in time, whether or not the Service Provider
is continuing to provide the Services, and without prejudice to any other indemnity given in the Service Provider’s favor.
7.3 The Client’s undertaking and indemnity shall extend to the Service Provider’s agents and delegates mutatis mutandis as if the Service Provider’s agents and delegates were listed as persons to whom the undertaking and indemnity is given and the Service Provider shall hold the benefit of the undertaking and indemnity on trust for the said agents and delegates and their heirs, successors, assigns and personal representatives.
7.4 On the cessation by either the Service Provider or the Appointees of the whole or any part of their duties, the Client undertakes that the indemnities referred to in Clause 7.1, 7.2 and 7.3 remain valid in the absence of fraud or gross negligence on the part of the party seeking to enforce the indemnity.
7.5 The Client will indemnify and keep indemnified the Service Provider and/or its Appointees and/or its Employees against all costs, charges, expenses, loss or damage which they may  incur or be liable to pay or sustain by reason of executing any Powers of Attorney upon the Client’s request and by reason of the Attorney carrying out the powers and authorities conferred upon him by virtue of any Power of Attorney.
7.6 The Client will indemnify and keep indemnified the Service Provider and/or its Appointees and/or its Employees against all costs, charges, expenses, loss or damage which they may incur or be liable to pay or sustain by reason of appointing signatories to the bank account/s of the Managed Entity upon the Client’s request.

8. PAYMENT OF FEES

8.1 Without prejudice of the Sections 3 and 4 , the Service Provider for the Services rendered is irrevocably authorised by the Client to withdraw funds from any money held on behalf of the Client, or any account managed on behalf of the Client, in order to discharge all and any fees and expenses that are due.
8.2 If the Managed Entity, has not sufficient funds in its bank Account(s), all Fees of Services Provider , generated in according with this Terms of Business will be covered by :
a) Properties of the Managed Entity
b) Personal Bank account(s) of the Client(s)
c) other properties of the Client(s)

9. ACTIONS TO PROTECT

9.1 Services Provider is to be deemed as authorised by the Client to take any necessary actions or incur any reasonable administrative expenses on the Client’s behalf in order to ensure the maintenance of the good order of any corporate structure or to carry out any act which Services Provider considers to be appropriate and consonant to the general instructions of the Client and/or the terms hereof and/or any relevant agreement.
9.2 The Client undertakes to make and to continue to make full and correct disclosures to SERVICES PROVIDER or at all times whether upon specific request or not, of any information which is material to the Services being provided by Services Provider and the Client shall hold Services Provider free from all liability for any action necessarily taken if such disclosure is not made in a timely and faithful manner.
9.3 In any event that Services Provider does not receive a reply to any request made to the Client or his Managing Person or Authorised Person, where the request is believed to have been received by the same, irrespective of whether there is a case for urgency or not, Services Provider may in its absolute discretion proceed in any one or more of the following ways:
a) take no further action on that particular matter;
b) suspend any further action in respect of all the Services;
c) utilize any assets held in order to meet any liabilities or those of any corporate structure which are legally and rightfully due;
d) commence steps for the dissolution, liquidation or striking off of any corporate structure;
e) withdraw any of its Services;
f) transfer any legal interest of any assets to the person entitled to the beneficial interest of those assets or to the Managing Person or Authorised Person on his behalf and in this respect Services Provider shall be considered to be appropriately Autorised by the Client and/or the Managing Person or Autorised Person to sign the relative instrument of transfer on behalf of the Client and/or the Managing Person or Authorised Person as the transferee;g) take any other action which Services Provider deems appropriate to protect its reputation or
which is otherwise required by law to take including the disclosure of such beneficial interest to any competent authority;
h) In cases of actions under paragraph (f) and (g) the Client and/or Managing Person or Authorised Person expressly waiver professional secrecy on the part of Services Provider and its directors and officers.

10. DISCLOSURE

10.1 The Client acknowledges that, in certain circumstances, the Service Provider, the Appointees or the Employees may be obliged to give evidence and information to courts or authorities in connection with the affairs of the Managed Entity, as compelled to do so by the laws.
Disclosure of such information will not be made to third parties unless required by law or regulation or where the failure to make such disclosure would, in the opinion of the Service Provider, be prejudicial to the Service Provider, the Appointees or the Employees.
10.2 Without prejudice to clauses 10.1 all information concerning the Client’s business and affairs will be regarded as, and kept confidential by, the Service Provider at all times save for the purposes of instructing and dealing with other advisers acting on the Client’s behalf and save where information is already in the public
domain or the Client instructs or consents to disclosure of information by the Service Provider to a third party specifically or by implication.
10.3 The Service Provider shall not be obliged to disclose to the Client any confidential or other information obtained by the Service Provider at any time whilst acting in any capacity other than in the course of acting on behalf of the Client.
10.4 All information, correspondence, records and data held by the Service Provider on any computer system is solely the Service Provider’s property and for its sole use and neither the Client nor the Managed Entity nor anyone else acting for or on their behalf shall have any right of access thereto or control over that information,
correspondence, records or data. The Service Provider has the right to retain ownership and keep copies of all such information, correspondence, records and data for its sole use and neither the Client nor the Managed
Entity nor any officer or employee thereof shall have any right of access thereto or control thereover.
10.5 The provisions of this Clause shall remain in full force and effect notwithstanding the Terms and Conditions ceasing to apply.

11. CONFIDENTIALITY AND DATA PROTECTION

The Law requires that all personal information be treated as private and confidential. Client personal information will not be disclosed to third parties, other than in the following cases permitted by law.
These are:
  • Where disclosure is made with your request or consent. Such consent need not be in writing if the service is provided over the telephone;
  • When you have been declared bankrupt;
  • When disclosure is required by the Law or court order;
  • When disclosure is made in the course of legal proceedings between us;
  • When disclosure is made for reasons of public interest or the protection of the Fiduciary’s interests;
  • When disclosure is necessary to assess your creditworthiness in connection to or in relation to a bona fide commercial transaction or future commercial transaction.
Services Provider will take the appropriate technical and organizational measures for the security of data and their protection against accidental or unlawful destruction, accidental loss, alteration, unauthorised dissemination or access and any other form or unlawful processing.

12. GOVERNING LAW AND JURISDICTION

The Client and the Service Provider submit to the non-exclusive jurisdiction of the courts of the jurisdiction in which the Service Provider is incorporated or established, as the case may  be, unless the Service Provider elects, at its discretion, to take proceedings within the Client’s jurisdiction of domicile or residence or before any other competent court and the Client waives any right it may have to object to proceedings being commenced in any such jurisdiction or before any such competent Court.

13. AMENDMENT OF THESE TERMS

These Terms of Business may be amended from time to time by the upload of a revised version on Services Provider website.

14. TERMINATION

14.1 Where SERVICES PROVIDER wishes to terminate the provision of its services due to any breach of these Terms of Business,  Services Provider may do so with immediate effect.
14.2 The Client may terminate the Services offered by the Service Provider by giving 60 calendar days’ written notice to the Service Provider.
14.3 In case of termination, all parties shall comply with any reasonable request to ensure that such termination does not cause any mutual undue inconvenience and Services Provider shall duly surrender all property in its possession or control subject only to any retention necessary to cover unpaid fees and disbursements and any reasonably verifiable present or future liability, including any contingent liability related to the services carried out by Services Provider under these Terms of Business.
14.4 Services Provider shall have the right to retain annual fees and any additional costs unless there is an alternative agreement with the Client.
14.5 If the first/following year fees are not settled within a month after the payment deadline, Services Provider is entitled to proceed with the strike off and/or liquidation of the company/entity. In any case, the fee is due.
Without prejudice to the Clauses 14.1-14.6, the Services Provider has absolute right of termination at any time by giving a 15-days written notification, the provision of the following services to the Managed Entity :
(i) management or administration of trusts including, without limitation, the undertaking or provision of trustee;
(ii) Directors for legal persons;
(iii) Secretary, or assistant secretary of legal persons;
(iv) holding the share capital of legal persons and registering the holder
in the respective registers of shareholders on behalf of third persons;
(v) provision of registered office address and or the official mailing address and or electronic address of companies;
(vi) provision of general or limited partners in partnerships;
(vii) provision of other similar services, or in conjunction with the services described above, in relation to other legal persons or organisations, with or without separate legal personality;
(viii) opening or managing bank accounts;
14.5.a In the case the Client fail to accept the termination notice within the 15 -days period the Services Provider is entitled to proceed to all necessary steps and/or procedures to bring into effect such termination, including its direct replacement and/or substitution in the positions held in the Managed Entity. If the Services Provider proceed to its direct replacement  and/or substitution is entitled to notify and filling the relevant forms of the Registrar of Companies or other authorities competent to keep and update the records, public or private, of the
Managed Entity without limitations or any restriction.
14.5.b Without prejudice to the above paragraph, if the Services Provider resign as Registered Shareholder, the shares are, without delay registered in the name of the Ultimate Beneficial Owners, in the percentage of their ownership in the Managed Entity.
14.5.c Without prejudice to the above paragraphs, if the Services Provider resign as Directors for legal persons, the directorship are transferred to the Authorised Person (s).
14.5.d Without prejudice to the above paragraphs, if the Services Provider resign as registered office address and or the official mailing address and or electronic address of companies, he will not be held to collect any correspondence or perform any mail service.
14.6. Without prejudice to the previous Clauses , if the Services Provider resign as authorised signatory, or administrator of the bank account of the Managed Entity, the bank operations will be suspended without any civil, tax or administrative liability toward the Services Provider .
14.7 Regarding the prevision of Clauses 14.5-14.6 , the Client(s) will must pay, at the Services Provider the following fees :
150 Euro per terminated service ;
200 Euro per Transfer performed ;
30 Euro per work hour to prepare the notifications or filled forms;
150 Euro per work hour to prepare deed, petition or notice;
7 Euro per day to kept the ex Managed Entity files in our offices, from the day of termination of the agreement;
the costs above  mentioned not including VAT ,stationary, government charges and fees, courier and postage expenses, and other expenses connected to perform of the transfer.

15. MANAGING PERSON OR AUTHORISED PERSON UNDERTAKINGS AND DECLARATIONS

This clause shall only be  applicable where the Client has appointed a Managing Person or Authorised Person.
15.1 The Managing Person or Authorised Person expressly agrees in its own name and interest and not as agent for the Client, to be jointly and severally liable for:
a) all and any fees and other dues for Services contemplated in these Terms of Business; and
b) all and any indemnity undertakings granted by the Client to Services Provider for any damages, claims or losses contemplated in these Terms of Business and agrees to be so liable as an independent indemnity obligation and irrespective of whether there is a valid claim or otherwise against the Client
15.2 The Managing Person or Authorised Person waives any benefit of discussion in relation to the above undertakings and a grees to pay any outstanding dues and claims under any  indemnity on first demand by Services Provider for the Services carried out by Services Provider . Should any sums be subsequently collected from the client for the Services carried out by Services Provider , such sums shall be immediately reimbursed to the Managing Person or Authorised Person.
15.3 Services Provider may be entitled and is irrevocably Autorised to withdraw funds from any money held on behalf of the Client or any account managed on behalf of the Client or his
Managing Person or Authorised Person, in order to discharge all and any fees and expenses that are payable to it.
15.4 For the avoidance of doubt it is declared that Services Provider agrees to act for a Client introduced to it b
y the Managing Person or Authorised Person on the basis of the undertakings in this clause by the Managing Person or Authorised Person and would not otherwise accept to act.
15.5 The Managing Person or Authorised Person agrees that if it loses contact with the Client or otherwise considers that the Client is not in a position to fulfill its obligations for the Services carried out by Services Provider then it must immediately inform Services Provider of the situation and without prej
udice to the obligations of the Managing Person or Authorised Person Services Provider , agrees to consult with the Managing Advisor to terminate the Services being rendered.
15.6 Any undertaking, commitment, confirmation or any other authorization by the Client in accordance with these Terms of Business shall for all intents and purposes be deemed to be  also given by the Managing Person or Authorised Person.
15.7 The Managing Person or Authorised Person hereby submits to the no-exclusive jurisdiction of Cyprus in relation to any dispute arising out of the Services and these agreed Terms of Business.
15.8 The Managing Person or Authorised Person is responsible for ensuring that he has taken and warrants that he has taken all necessary advice (tax and legal) in any relevant jurisdiction with regards to the Services to be provided by Services Provider to the Client for ensuring that the activities or proposed activities of the Client will not breach the laws of any relevant jurisdiction.
15.9 In order to allow Services Provider to meet its regulatory obligations the Managing Person or Authorised Person and/or Client agree to keep SERVICES PROVIDER fully and promptly informed of the beneficial ownership and/or any changes thereto.
15.10 The Managing Person or Authorised Person and the client undertake to inform Services Provider of any matters that might affect Services Provider ’s willingness to provide or continue to provide any of the Services.

16. ASSIGNMENT

16.1 The Service Provider may assign or transfer the whole or any part of its rights and benefits under the Terms and Conditions. For the purpose of any such assignment or transfer, the Service Provider may disclose information about the Client and the Managed Entity to any prospective assignee or transferee, provided that the Service Provider shall use its reasonable endeavours to procure that such prospective assignee or transferee is placed under an obligation of non-disclosure equivalent to that in Clause 10.
16.2 The Client shall not assign or transfer all or any part of its rights, benefits and/or obligations under the Terms and Conditions.

17. INTERPRETATIONS

17.1 The headings of the sections in these Terms of Business are for convenience of reference only and shall not define or limit any of the terms.
17.2 Whenever the context so requires references to the male gender shall include references to the female gender and references to the single shall include the plural and vice versa.

Financial Statement Audit Services Disclaimer

For legal and regulatory reasons, not all financial statements audit services may be provided directly by Tarovision Fiduciaries Group Ltd and its subsidiaries and employees . All reserved legal activities by Law, will be provided to our customers by duly authorized and regulated Audit Firm or individual Registered Auditor associates with Tarovision Fiduciaries Group.

Privacy Statement of www.tarovision.com.cy

This privacy statement explains data collection and use practices of www.tarovision.com.cy (the “Site”); it does not apply to offline products or services. By accessing the Site, you are consenting to the information collection and use practices described in this privacy statement.

Tarovision Fiduciaries Group Ltd (The Firm) (“Tarovision Fiduciaries Group Ltd ”, “TfG”, or “we”) is strongly committed to privacy issues, and this privacy statement details our approach on such issues. By using this site and submitting any personal data, you agree to the use by Tarovision Fiduciaries Group Ltd  of such data in accordance with this privacy statement. If you have questions on privacy issues, please email us at legal@tarovision.com.cy .

We only collect identifiable personal data or information that is specifically and voluntarily provided by a visitor to our website. We receive limited identifiable information, such as name, title, company address, email address, and telephone and fax numbers, from website visitors.  Typically, identifying information is collected to:

 

  •     Enquire for further information
  •     Distribute requested reference materials
  •     Submit curriculum vitae

 

Visitors are also able to send email to us through the website. Their messages will contain the user’s screen name and email address, as well as any additional information the user may wish to include in the message.

When a visitor provides personal data to us, we will use it for the purposes for which it was provided to us as stated at the point of collection (or as is obvious from the context of collection).  Examples of the types of use are given in the ‘data collection’ section above.  We may also use your data to contact you with information about Tarovision Fiduciaries Group Ltd’s business, services and events, and other information which may be of interest to you; you may unsubscribe from our mailing list at any time by contacting us as set out in the ‘Unsubscribe’ section below.

Our websites do not collect or compile personally identifying information for dissemination or sale to outside parties for consumer marketing purposes, or host mailings on behalf of third parties.

Tarovision Fiduciaries Group Ltd  (the limited liability company registered in the Republic of Cyprus under registration no. 280016  and with its registered address at 72D Thessalonikis Street, 3025 Limassol  is the data controller of any personal data collected through this website, and will process such data in accordance with the Processing of Personal Data (Protection of Individuals) Law of 2001, as amended (the “Personal Data Law”).

We recognise that your information is valuable and we take all reasonable measures to protect your information while it is in our care.

Personal data which has been submitted to Tarovision Fiduciaries Group Ltd  (Cyprus firm) may be disclosed to other member firms in the Tarovision Fiduciaries Group network of firms where this is necessary to meet the purpose for which the visitor has submitted the information. Your personal information may also be transferred to third party service providers who process information on Tarovision Fiduciaries Group Ltd’s behalf, including providers of information technology, identity management, website hosting and management, data analysis, data back-up, security and storage services.  As a result, your personal information may, subject to the provisions of the Personal Data Law, be transferred outside the country where you are located. This includes countries outside the European Economic Area (EEA) and countries that do not have laws that provide specific protection for personal information. By submitting personal data to this site, the visitor is providing explicit consent to the transfer of such data for the fulfilment of their voluntary requests.

Tarovision Fiduciaries Group Ltd may disclose your personal information to law enforcement, regulatory, or other government agencies or to other third parties as required by, and in accordance with, applicable law or regulation.

Your personal information is not shared with any member firms in the Tarovision Fiduciaries Group  network of firms, or shared with any third party, for any secondary or unrelated purposes unless otherwise disclosed at the point of collection. If there is an instance where such information may be shared, the visitor will be asked for permission beforehand.

We have implemented generally accepted standards of technology and operational security in order to protect personally identifiable data and information from loss, misuse, alteration or destruction. In particular, we ensure that all appropriate confidentiality obligations and technical and organisational security measures are in place to prevent any unauthorised or unlawful disclosure or processing of such information and data and the accidental loss or destruction of or damage to such information and data. Only authorised Tarovision Fiduciaries Group personnel are provided access to personally identifiable information and these employees have agreed to ensure confidentiality of this information. Tarovision Fiduciaries Group ’ policy is to use secure socket layer technology for the protection of credit card information submitted through web forms.

If you would like to update any personal data you have submitted through this site, please do so via the original registration page or please email us at legal@tarovision.com.cy .

hen personally identifiable information is retained, we do not assume responsibility for verifying the ongoing accuracy of the content of personal information. When practically possible, if Tarovision Fiduciaries Group Ltd  is informed that any personal data collected through a Web site is no longer accurate, Tarovision Fiduciaries Group Ltd  will make appropriate corrections based on the updated information provided by the authenticated visitor.

If you would like details of the information which you have submitted to us through this site, you have a right of access to such information and you may contact us via the above email address. We may charge for a request for access in accordance with applicable legal requirements.

Should visitors subsequently choose to unsubscribe from mailing lists or any registrations, we will provide instructions, on the appropriate webpage or in communications to our visitors, or a visitor may contact by email to legal@tarovision.com.cy .

The personal data you submit to us will only be retained for as long as is required for the purposes for which it was collected or as required by law.

We use small text files called ‘cookies’ which are placed on your hard drives to assist in providing a more customised website experience. After termination of the visit to our site, you can always delete the cookie from your system if you wish.

Statement about our Bank Introduction Services

We can’t guarantee that the Bank will open the account to you or to your company: it depends on the result of due diligence that the Bank do on you using the documents provided. The following list is what we can do:

1. Provide independent advice and help you to choose the right Financial Institution / Bank

2. Consult regarding due diligence requirements

3. Assist with filling in of the required forms

4. Recommend you to the bank based on your individual profile and due diligence documentation

5. Represent you before the bank in the course of the account opening

in no event shall Tarovision Fiduciaries Group Ltd be liable if the bank refuses to open the Bank Account or if the time to open the Bank Account is considered too lengthy by the Client.

Legal Services Disclaimer

 

For regulatory reasons, not all legal services may be provided directly by Tarovision Fiduciaries Group Ltd and its subsidiaries. All reserved legal activities by Law, will be provided to our customers by duly authorized and regulated Law Firms associates with Tarovision Fiduciaries Group.

AML Policy of Tarovision Fiduciaries Group

In its effort to combat Money Laundering, under its obligations and provisions of its Regulatory Body ( Cysec) in accordance with the The Law Regulating Companies Providing Administrative Services And Related Matters Of 2012 (N.196(I)) , Tarovision Fiduciaries Group has an Anti-Money Laundering Policy approved by its Board of Directors, which is in line with the relative Legislation and the Guidance notes of its Regulatory Authority. The Anti-Money Laundering and Compliance policies are binding for all Tarovision Fiduciaries Group members. The current laws define and criminalize the laundering of proceeds generated from all serious offenses and provides for their confiscation. As the Law places special responsibilities upon Administrative Services Providers, after the law (N.196(I)2012) at the ASP; for this entities are required among others to adhere and implement prescribed procedures for customer identification, record keeping and internal reporting. Tarovision Fiduciaries Group adheres strictly to these requirements and complies fully with the provisions of the law. It gives special emphasis on the “Know Your Customer” principles, and the due diligence concept which form the core part of the ASP’s Anti-Money Laundering policy. Tarovision Fiduciaries Group uses a risk based approach towards money laundering risks and performs an assessment of those risks regularly. The Anti- Money Laundering Compliance Officer is responsible for the implementation, coordination and overseeing of the ASP’s Anti-Money Laundering policy. Suspicious transactions are thoroughly checked and its proprietors are reported to the appropriate Combating Unit for Money Laundering of the local authorities. Full description of the ASP’s AML procedures and guidelines are found in the Company’s internal Anti-Money Laundering Manua

www.tarovision.com.cy

 

Introduction

These terms and conditions govern your use of this website; by using this website, you accept these terms and conditions in full.   If you disagree with these terms and conditions or any part of these terms and conditions, you must not use this website.

License to use website

Unless otherwise stated, Tarovision Fiduciaries Group  and/or its licensors own the intellectual property rights in the website and material on the website.  Subject to the license below, all these intellectual property rights are reserved.

You may view, download for caching purposes only, and print pages  from the website for your own personal use, subject to the restrictions set out below and elsewhere in these terms and conditions.

You must not:

  • republish material from this website (including republication on another website);
  • sell, rent or sub-license material from the website;
  • show any material from the website in public;
  • reproduce, duplicate, copy or otherwise exploit material on this website for a commercial purpose;

Acceptable use

You must not use this website in any way that causes, or may cause, damage to the website or impairment of the availability or accessibility of the website; or in any way which is unlawful, illegal, fraudulent or harmful, or in connection with any unlawful, illegal, fraudulent or harmful purpose or activity.

You must not use this website to copy, store, host, transmit, send, use, publish or distribute any material which consists of (or is linked to) any spyware, computer virus, Trojan horse, worm, keystroke logger, rootkit or other malicious computer software.

You must not conduct any systematic or automated data collection activities (including without limitation scraping, data mining, data extraction and data harvesting) on or in relation to this website without Tarovision Fiduciaries Group  express written consent.

 

Restricted access

Tarovision Fiduciaries Group  reserves the right to restrict access to  areas of this website, or indeed this entire website, at Tarovision Fiduciaries Group  discretion.

If Tarovision Fiduciaries Group  provides you with a user ID and password to enable you to access restricted areas of this website or other content or services, you must ensure that the user ID and password are kept confidential.

 

User content

In these terms and conditions, “your user content” means material (including without limitation text, images, audio material, video material and audio-visual material) that you submit to this website, for whatever purpose.

You grant to Tarovision Fiduciaries Group  a worldwide, irrevocable, non-exclusive, royalty-free license to use, reproduce, adapt, publish, translate and distribute your user content in any existing or future media.  You also grant to Tarovision Fiduciaries Group  the right to sub-license these rights, and the right to bring an action for infringement of these rights.

Your user content must not be illegal or unlawful, must not infringe any third party’s legal rights, and must not be capable of giving rise to legal action whether against you or Tarovision Fiduciaries Group  or a third party (in each case under any applicable law).

You must not submit any user content to the website that is or has ever been the subject of any threatened or actual legal proceedings or other similar complaint.

Tarovision Fiduciaries Group  reserves the right to edit or remove any material submitted to this website, or stored on Tarovision Fiduciaries Group  servers, or hosted or published upon this website.

 

No warranties 

This website is provided “as is” without any representations or warranties, express or implied.  Tarovision Fiduciaries Group  makes no representations or warranties in relation to this website or the information and materials provided on this website.

Without prejudice to the generality of the foregoing paragraph, Tarovision Fiduciaries Group  does not warrant that:

  •  this website will be constantly available, or available at all; or
  •  the information on this website is complete, true, accurate or non-misleading.

Nothing on this website constitutes, or is meant to constitute, advice of any kind.  [If you require advice in relation to any [legal, financial or other l] matter you should consult an appropriate professional.]

 

Limitations of liability

Tarovision Fiduciaries Group  will not be liable to you (whether under the law of contact, the law of torts or otherwise) in relation to the contents of, or use of, or otherwise in connection with, this website:

  • for any indirect, special or consequential loss; or
  • for any business losses, loss of revenue, income, profits or anticipated savings, loss of contracts or business relationships, loss of reputation or goodwill, or loss or corruption of information or data.

These limitations of liability apply even if Tarovision Fiduciaries Group  has been expressly advised of the potential loss.

 

Exceptions

Nothing in this website disclaimer will exclude or limit any warranty implied by law that it would be unlawful to exclude or limit; and nothing in this website disclaimer will exclude or limit Tarovision Fiduciaries Group  liability in respect of any:

  • death or personal injury caused by Tarovision Fiduciaries Group  negligence;
  • fraud or fraudulent misrepresentation on the part of Tarovision Fiduciaries Group ; or
  • matter which it would be illegal or unlawful for Tarovision Fiduciaries Group  to exclude or limit, or to attempt or purport to exclude or limit, its liability.

 

Reasonableness

By using this website, you agree that the exclusions and limitations of liability set out in this website disclaimer are reasonable.

If you do not think they are reasonable, you must not use this website.

 

Other parties

You accept that, as a limited liability entity, Tarovision Fiduciaries Group  has an interest in limiting the personal liability of its officers and employees.  You agree that you will not bring any claim personally against Tarovision Fiduciaries Group  officers or employees in respect of any losses you suffer in connection with the website.

Without prejudice to the foregoing paragraph, you agree that the limitations of warranties and liability set out in this website disclaimer will protect Tarovision Fiduciaries Group  officers, employees, agents, subsidiaries, successors, assigns and sub-contractors as well as Tarovision Fiduciaries Group .

 

Unenforceable provisions

If any provision of this website disclaimer is, or is found to be, unenforceable under applicable law, that will not affect the enforceability of the other provisions of this website disclaimer.

 

Indemnity

You hereby indemnify Tarovision Fiduciaries Group  and undertake to keep Tarovision Fiduciaries Group  indemnified against any losses, damages, costs, liabilities and expenses (including without limitation legal expenses and any amounts paid by Tarovision Fiduciaries Group  to a third party in settlement of a claim or dispute on the advice of Tarovision Fiduciaries Group  legal advisers) incurred or suffered by Tarovision Fiduciaries Group  arising out of any breach by you of any provision of these terms and conditions.

 

Breaches of these terms and conditions

Without prejudice to Tarovision Fiduciaries Group  other rights under these terms and conditions, if you breach these terms and conditions in any way, Tarovision Fiduciaries Group  may take such action as Tarovision Fiduciaries Group  deems appropriate to deal with the breach, including suspending your access to the website, prohibiting you from accessing the website, blocking computers using your IP address from accessing the website, contacting your internet service provider to request that they block your access to the website and/or bringing court proceedings against you.

 

Variation

Tarovision Fiduciaries Group  may revise these terms and conditions from time-to-time.  Revised terms and conditions will apply to the use of this website from the date of the publication of the revised terms and conditions on this website.  Please check this page regularly to ensure you are familiar with the current version.

 

Assignment

Tarovision Fiduciaries Group  may transfer, sub-contract or otherwise deal with Tarovision Fiduciaries Group  rights and/or obligations under these terms and conditions without notifying you or obtaining your consent.

You may not transfer, sub-contract or otherwise deal with your rights and/or obligations under these terms and conditions.

 

Severability

If a provision of these terms and conditions is determined by any court or other competent authority to be unlawful and/or unenforceable, the other provisions will continue in effect.  If any unlawful and/or unenforceable provision would be lawful or enforceable if part of it were deleted, that part will be deemed to be deleted, and the rest of the provision will continue in effect.

 

Entire agreement

These terms and conditions  constitute the entire agreement between you and Tarovision Fiduciaries Group  in relation to your use of this website, and supersede all previous agreements in respect of your use of this website.

 

Law and jurisdiction

These terms and conditions will be governed by and construed in accordance with Cyprus Laws, and any disputes relating to these terms and conditions will be subject to the exclusive jurisdiction of the courts of  Cyprus.