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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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OPPO Reno 13 series will debut in China shortly, with India following in 2025

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According to reports, OPPO, a Chinese firm, is getting ready to introduce its Reno 13 series smartphones in its native nation this month. As per 91Mobiles, the OPPO Reno 13 and Reno 13 Pro models are anticipated to debut in China on November 25. The Indian launch is probably set for January 2025. The smartphone series that debuted in July of this year, the Reno 12 series, will be replaced by the Reno 13 series.

Information regarding the specifications of the new Reno 13 and Reno 13 Pro smartphones has leaked online, although the business has not yet confirmed the launch date. These are the specifics:

OPPO Reno 13 Series: Anticipations

It is anticipated that the OPPO Reno 13 Pro would have a 6.78-inch, quad-curved OLED screen with 1.5K resolution. In contrast, the slightly smaller 6.7-inch display with FHD+ resolution is found on the OPPO Reno 12 Pro. In China, the Pro model is probably going to be powered by the MediaTek Dimensity 8350 chipset, while in India, it might have a different processor. A 50MP primary camera, an 8MP ultrawide sensor, and a 50MP telephoto sensor with 3x optical zoom are anticipated to be included in the OPPO Reno 13 Pro’s photographic setup. Most likely, the front camera will include a 50MP sensor.

With a 5,900mAh battery as opposed to the 5,000mAh battery on the Reno 12 Pro, the Reno 13 Pro is anticipated to significantly increase battery capacity. Additionally, it is anticipated that the smartphone would support both 50W wireless and 80W wired charging. Additionally, an IP68/IP69 designation for water and dust protection could increase its durability.

Although the price of the smartphones in the Reno 13 series is not well known, it is anticipated to be similar to that of its predecessor. For comparison, the 12GB RAM + 256GB storage version of the OPPO Reno 12 Pro launched at Rs 36,999, while the 8GB RAM + 256GB storage version of the vanilla model cost Rs 32,999.

OPPO Reno 13 Pro: Anticipated features

  • Display: 6.78-inch OLED, quad-curved, with a refresh rate of 120 Hz and a resolution of 1.5K
  • processor: MediaTek Dimensity 8350
  • rear camera: 50MP primary, 8MP ultra-wide, and 50MP telephoto (3x zoom)
  • front camera: 50MP
  • Battery: 5,900mAh
  •  Charging: 50W wireless and 80W wired
  • IP rating: IP68/IP69; operating system: ColorOS 15 based on Android 15

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Apple has released Final Cut Pro 11, an AI-powered program

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Apple introduced Final Cut X thirteen years ago. Considering that the video-editing program marked its 25th birthday this April, that represents just over half of its lifetime. Some have questioned whether the corporation has discreetly withdrawn the offering due to its multiple lifetimes in the consumer software industry.

Final Cut Pro finally reaches level 11, after 13 years of waiting, and Apple is no longer playing around. On Wednesday, the program will be accessible for download. After a 90-day trial period, new users will need to pay $300 to buy Final Cut Pro 11 from the Mac App Store, while current users will receive it as a free update.

What specifically justified the much anticipated move to 11? AI is two letters. The business is using AI to power new features just weeks after releasing Apple Intelligence for iOS, iPadOS, and MacOS.

Magnetic Mask is at the top of the list because it makes it simple to crop objects and people out of videos without using a green screen.

According to Apple, “This powerful and precise automatic analysis provides additional flexibility to customize backgrounds and environments,” “Editors can also combine Magnetic Mask with color correction and video effects, allowing them to precisely control and stylize each project.”

Transcribe to Captions, which basically adds text to Final Cut’s timeline, is the second standout AI-based tool here. The company claims that its in-house large language model (LLM) powers that feature.

Apple’s problematic mixed-reality headset is the subject of this article’s other major headline. The most recent iPhones now have the capability to record Spatial Video, and Final Cut may be used to edit that footage. It is possible to add effects, color correct the video, and change the titles’ depth placement.

Apple is reportedly working on a more inexpensive variant, even though CEO Tim Cook has acknowledged that the $3,500 headgear isn’t the mainstream consumer product the company wanted. Along with the iPhone 15 Pro and all iPhone 16 models, the Vision Pro itself can record spatial video. Additionally, Canon just unveiled a new twin lens that works with R7 cameras.

Additionally, there are various time-saving features in the new Final Cut. For example, Magnetic Timeline allows you to swiftly rearrange clips while maintaining audio and video synchronization.

According to Apple, Final Cut Pro 11 was developed especially for the M-series of CPUs, which are its first-party silicon. This includes having more simultaneous 4K and 8K playback capabilities.

Apple claims that the M-series of chips, their first-party silicon, were the reason behind the creation of Final Cut Pro 11. This includes the capacity to play back several 4K and 8K ProRes video streams at once.

Final Cut Pro for iPad 2.1 is being released by Apple concurrently with the eagerly anticipated release of Pro 11. The brightness and color of the touched-based interface will be increased, and the workflow will be enhanced as well. Starting on Wednesday, current users can also obtain that for free.

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Apple has revealed a revamped Mac Mini with an M4 chip

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A smaller but no less powerful Mac Mini was recently unveiled by Apple as part of the company’s week of Mac-focused announcements. It now has Apple’s most recent M4 silicon, enables ray tracing for the first time, and comes pre-installed with 16GB of RAM, which seems to be the new standard in the age of Apple Intelligence. While the more potent M4 Pro model starts at $1,399, the machine still starts at $599 with the standard M4 CPU. The Mac Mini is available for preorder right now and will be in stores on November 8th, just like the updated iMac that was revealed yesterday.

The new design will be the first thing you notice. The Mini has reportedly been significantly reduced in size, although it was already a comparatively small desktop computer. It is now incredibly small, with dimensions of five inches for both length and width. Apple claims that “an innovative thermal architecture, which guides air to different levels of the system, while all venting is done through the foot” and the M4’s efficiency are the reasons it keeps things cool.

Nevertheless, Apple has packed this device with a ton of input/output, including a 3.5mm audio jack and two USB-C connections on the front. Three USB-C/Thunderbolt ports, Ethernet, and HDMI are located around the back. Although the USB-A ports are outdated, it’s important to remember that the base M2 Mini only featured two USB-A connectors and two Thunderbolt 4 ports. You get a total of five ports with the M4. You get an additional Thunderbolt port but lose native USB-A.

Depending on the M4 processor you select, those Thunderbolt connectors will have varying speeds. While the M4 Pro offers the most recent Thunderbolt 5 throughput, the standard M4 processor comes with Thunderbolt 4.

With its 14 CPU and 20 GPU cores, the M4 Pro Mac Mini also offers better overall performance. The standard M4 can have up to 32GB of RAM, while the M4 Pro can have up to 64GB. The maximum storage capacity is an astounding 8TB. Therefore, even though the Mini is rather little, if you have the money, you can make it really powerful. For those who desire it, 10 gigabit Ethernet is still an optional upgrade.

Apple has a big week ahead of it. On Monday, the company released the M4 iMac and its first Apple Intelligence software features for iOS, iPadOS, and macOS. (More AI functionality will be available in December, such as ChatGPT integration and image production.) As Apple completes its new hardware, those updated MacBook Pros might make their appearance tomorrow. The business will undoubtedly highlight its newest fleet of Macs when it releases its quarterly profits on Thursday.

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