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Sergey Kartashov talks about why Cyprus is best for relocating IT companies

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Sergey Kartashov, the CEO of Generation Partners, has a huge experience of working as head of an IT asset management company. He finds Cyprus as one of the best countries in the world for IT industry and believes it is also best for relocating IT companies, especially from Eastern Europe.

Factors that make a Country Attractive for Relocation

There are dozens of factors that make a country attractive to IT companies from all across the world. In recent years, Cyprus welcomed IT companies from Eastern Europe and various other parts of the world. According to Sergey Kartashov, the most important factors in this regard are tax policy, legislation, cost of living, infrastructure, and the existence of a developed IT community.

Based on these factors, countries are divided into various categories. The US, Lithuania, Estonia, the Netherlands, Germany, and Cyprus are among the most comfortable countries for IT. On the other hand, Poland, the Czech Republic, Portugal, and many others are in the second category. They provide a comfortable environment for IT. However, there are fewer facilities in these countries as compared to the countries present in the first category. Plus, some communities prefer particular places simply because they can find friends from their native country there and, therefore, can easier adapt to new conditions. This way, Cyprus has become the best destination for relocating IT companies, especially, for the companies based in Eastern Europe.

Tax Policy and IT Legislation in Cyprus

Cyprus is one of the best countries in the world in terms of favorable IT tax policy and legislation. It is very simple to register a company on this island. “The most famous benefit of Cyprus in the world is the flexible taxation system and the implemented IP-Box regime,” says Sergey Kartashov. It offers the lowest corporate tax rate on net income, 12.5%, in the world. The companies only have to pay the Value Added Tax (VAT) of 19% if they sell a product or service to an EU resident. However, there is no VAT if the purchaser is a non-EU resident.

Other Benefits offered by Cyprus to IT Companies

It is very easy to reach the island from any other country located in Eastern Europe. The average flight time from any Eastern European county to Larnaca or Nicosia is less than three hours. Similarly, the flight timing from the island to any other EU country is the same as for Eastern European countries. “It allows the company’s management and its employees to quickly get home and also to other countries to resolve business issues,” notes Sergey Kartashov.

The relocation of foreign companies to Cyprus injected huge money into the economy of the island. It is helping to actively develop its infrastructure to improve facilities for the IT companies. The local real estate market is developing continuously over time. The residential and office rent costs here are very low as compared to other countries. A two-bedroom apartment costs $1300-$1400 per month in the center of the city. The island also has affordable health and schooling facilities for those who come here with their families. Last but not least, Cyprus has a great community of IT developers. It is famous for having a community of game developers and Russian-speaking developers.

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Galaxy Quantum 2 of Samsung has quantum cryptography built in

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Samsung and South Korean transporter SK Telecom have declared the Galaxy Quantum 2, Samsung’s second telephone that features built-in quantum cryptography technology for expanded security. It’s the development to a year ago’s Galaxy A Quantum.

The Quantum 2 incorporates a chip developed by a company called ID Quantique, which says it’s the world’s smallest quantum random number generator (QRNG) at 2.5mm square. It works by capturing random noise with a LED and a CMOS image sensor. As per SK Telecom, the QRNG chip “allows smartphone holders to use services that require security in a more safe and secure manner by generating unpredictable and patternless true random numbers.”

Quantum cryptography RNG is viewed as extremely challenging to hack without extensive physical access to a given device. The advantages will appear to be pretty specialty to the average customer, however the QRNG chip does automatically work with apps that utilization the Android Keystore APIs, which should make the technology more open for developers. SK Telecom is touting local compatibility with any semblance of Shinhan Bank and Standard Chartered Bank Korea, in addition to its own administrations like T World. The transporter says it’ll work with more administrations later on, including Samsung’s own Visas.

The actual telephone has reasonably high specs, near what you’d have found in a very good quality lead telephone from a little while back. It has a Qualcomm Snapdragon 855 Plus processor, a 64-megapixel camera, and a 6.7-inch 120Hz OLED display.

The Galaxy Quantum 2 is just affirmed for a release in South Korea at the present time. It’ll go marked down on April 23rd.

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Samsung Galaxy Z Fold 3 to utilize a less than 4000+ mAh battery capacity

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Reports emanating out of South Korea reveal the latest speculation regarding the upcoming Samsung Galaxy Z Fold 3. As indicated by the reports, this device will come with a 4380 mAh battery. This battery capacity is lower than the 4500 mAh battery which the past generation, Galaxy Z Fold 2 uses. Also, the report guarantees that the lithium batteries will be from Samsung SDI.

WHY IS SAMSUNG REDUCING THE BATTERY?

As indicated by reports, the South Korean manufacturer is reducing the battery due to the change in display size. The organization reduces the size of the Galaxy Z Fold 3 to 7.5 inches. Review that the past generation Samsung Galaxy Z Fold 2 accompanies a 7.5-inch show. In any case, the size of the interior screen stays as before in the two models, 6.2-inches. The movability of the Z Fold 3 cell phone will be higher than that of the past generation .

SAMSUNG GALAXY Z FOLD 3 PREVIOUS SPECULATIONS

As indicated by past reports, the Samsung Galaxy Z Fold 3 will support the S Pen stylus. This isn’t really a speculation, there is an official confirmation for the organization on this. The display will come with a “left and right” dual foldable display. The presentation will fold inwards from the two sides. This implies that this smartphone will come with two hinges.

Moreover, Samsung will upgrade the UTG ultra-thin glass technology of the new cell phone. The new upgraded display will come with a higher hardness to adapt to the touch of the stylus. The general durability and flatness of this display are better than those of plastic screens. Likewise, the organization also increases the thickness of the new age of UTG glass. Besides, the Mohs hardness can arrive at level 5.

As indicated by speculations, the Samsung Galaxy Z Fold 3 and Z Flip 2 telephones will probably arrive in July 2021. The telephones will utilize the Qualcomm Snapdragon 888 processor. Besides, the display will support an adaptive refresh rate, and it will likewise have under-screen front camera technology.

As per reports, the Samsung Galaxy Z Fold 3 is already ready for mass production. An internal anonymous source claims that device comes with digital sensor instruments and better UTG.

His words, ‘We have developed technologies such as digital sensor instruments and UTG that can respond to stylus input. I know that we have completed the preparations and prepared the machine for mass production.’

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T-Mobile will give you a free Samsung Galaxy A32 5G if you trade any old telephone

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T-Mobile is talking a major 5G game today, declaring that it’s giving any individual who trades any old telephone a free Samsung Galaxy A32 5G. The old telephone has to be in working order, but it can be any phone – the press release even mentions you can trade a Sidekick, flip telephone, whatever.

The “free” bit comes after 24 bill credits, so you should stay for a very long time to profit, you actually need to make good on sales tax – yet hello, it’s almost free after all.

The transporter additionally reported that it’s upgrading all of its customers (counting those beforehand on Sprint) who are on a limited data plan to a limitless 5G plan for free.

Moreover, T-Mobile Home Internet by means of 5G launches today with 30 million homes qualified, making the transporter “one of the largest broadband providers in the entire country by service area” from the very first moment. The release snarkily adds that “that’s already more homes than Verizon hopes to cover by the end of 2023”. Oh, and 10 million of those eligible homes are in rural America. There’s only one Home Internet plan, at $60 per month flat, with “expected average speeds of 100 Mbps for most new customers”.

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