Nov 28, 2016 | Articles
The 2010 treaty and protocol to replace the current treaty dating from 1981 entered into force on 18 May 2011 and will generally apply as from 1 January 2012. When in effect, dividends will be exempt if paid (1) to a company (other than a partnership) that holds...
Nov 28, 2016 | Articles
Holding Companies Cyprus is no longer an offshore jurisdiction in the strict sense of the word, but its tax regime, coupled with its location at the cross roads of Eastern Europe, the Middle East, North Africa and Asia, an extensive network of double-tax treaties, its...
Nov 28, 2016 | Articles
Jurisdiction Special Focus: Cyprus Cyprus is an independent sovereign republic in the Eastern Mediterranean, with a population of 1,102,000 (July 2010 est), of whom the majority are ethnically Greek, living in the southern part of the island. More than 200,000...
Nov 28, 2016 | Articles
On March 2nd the Cyprus Chamber of Commerce and Industry (KEVE) published a press release stating that there will be no increase to the country’s corporate tax rate as a result of the controversial proposal for an EU “harmonization pact” brought forward by France and...
Nov 28, 2016 | Articles
It has surfaced that the Cypriot Ministry of Finance has submitted a draft bill to the European Commission for clearance, which intends to regulate all forms of online betting and gambling other than horse racing. The proposed statute shall establish a Cypriot Betting...
Nov 28, 2016 | Articles
In May 2011 the Department of Merchant Shipping notified its decision to authorise the use of nautical publications (eg, sailing directions, lists of lights, notices to mariners, tide tables and other publications necessary for their intended voyage) in digital format...
