On 24 May 2016 a tax treaty was signed between Cyprus and Latvia. The treaty provisions will take effect on the 1st of January following the exchange of notification of ratification between the two states. The most significant provisions of the treaty are as follows: Dividends and interest: There will be no withholding tax on dividend [...]

The tax treaty between Cyprus and Bahrain entered into force and its provisions will take effect on the 1st January 2017. The most significant provisions of the treaty are as follows: Dividends, interest and royalties: These will only be taxed in the state of residence of the recipient. Capital Gains: Gains resulting from the disposal [...]

Amendment of the Treaty Signed Between Cyprus and Ukraine To open, download and save this document in PDF format please click here.   An agreement was reached between Cyprus and Ukraine that will amend the existing Tax Treaty between the two states. The changes will take effect not earlier than the 1st January 2019, a date [...]

Tax Treaty between Cyprus and Iran   To open, download and save this document in PDF format please click here.   On 4th August 2015 a tax treaty, which is based on the OECD model treaty, was signed between Cyprus and Iran. The  treaty  provisions will take effect on the 1st of January following the exchange [...]

The Minister of Energy, Commerce, Industry and Tourism Yiorgros Lakkotrypis said that the time required for the registration of a company at the company registrar has been reduced to up to a maximum three days. “We have improved the time required for someone to register a company,” the minister who was commenting in an interview [...]

Cyprus – Georgia Double Tax Treaty In May 2015 a double tax treaty between Cyprus and Georgia has been signed which is based on the OECD model with some modifications. The treaty is expected to come into force on 01/01/2016 provided that it will be ratified by the two states within 2015. The treaty applies [...]

We are pleased to inform you that we can help you open bank accounts in Euro Pacific Bank which is based in St. Vincent and the Grenadines.You can access the website of the bank at: http://europacbank.com/#cyfiduciary   Key Benefits: Ease of Doing Business Fast account opening process with personal bankers available via phone, email or [...]

The government has announced plans to modernize the island`s taxation framework in order to make it more competitive and to attract investments. The changes proposed fall within three main categories: High net worth individuals In order to attract high-net worth individuals, it is proposed that the notion of “non-domicile” is introduced. According to this provision, [...]

All companies registered in Cyprus should pay the annual levy of €350 to the Registrar of Companies before 30th June 2015. After this deadline the following penalties apply: -          Within 2 months from the due date 10% -          Within 5 months from the date due 30% Please note that if the annual levy and/or the relevant penalties are [...]

UAE Company Formation There is no doubt that the United Arab Emirates, and particularly Dubai, has become an acclaimed international financial centre offering unique tax planning opportunities. We are pleased to announce that we can now offer an extensive range of services for the UAE jurisdiction which include: UAE Company formation UAE bank account opening [...]