UAE & UK signed double tax agreement

The United Arab Emirates (UAE) Ministry of Finance (MoF) and the UK recently signed a double tax agreement in the MoF ministry in Dubai. The double tax agreement strives to boost trade and economic ties between the two countries as well as avoid taxing companies and individuals twice. The double tax agreement was signed by […]


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Cyprus Substance Requirements

There are many benefits for foreign investors using Cyprus to carry out commercial activities. A fully operational basis provides a more rational and beneficial solution than the traditional agency structure. In the past, the use of Cyprus in commercial operations was mainly through agency structures, whereby the Cypriot company would basically subcontract its operations to […]


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Double Tax Agreement Cyprus & Ethiopia

On 30 December 2015, Cyprus and Ethiopia signed a Double Tax Agreement (DTA). The new DTA was included in the Official Gazette on 18 January 2016. The DTA will come into force once both parties have completed all the required approval procedures. The DTA will be introduced on 1 January 2017. The Cyprus – Ethiopia […]


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How does Cyprus Benefit from Double Tax Treaties with South Africa, Iran & Switzerland

South Africa & Cyprus Tax Treaty South Africa & Cyprus signed a revised Double Tax Treaty (DTA) DTA which came into force in September 2015. The Protocol replaced the Dividends provisions of the DTA (Article 10). According to the Protocol, dividends are subject to tax in the contracting state in which the resident company that receives […]


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New Developments: Cyprus Intellectual Property Tax Field

The Cyprus Ministry of Finance (MoF) has announced new developments concerning Cyprus Intellectual Property Tax on 30 December. The Organization for Economic Co-operation and Development [OECD], the European Union (EU) as well as the G20 have made alterations regarding IP tax, which may concern individuals who own or are interested in engaging in an Intellectual […]


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THE COMMON REPORTING STANDARD

The Common Reporting Standard (CRS) is the standard for the Automatic Exchange of Information (AEOI) developed by the Organisation for Economic Co-operation and Development (OECD), which provides for jurisdictions to obtain information from their financial institutions and to automatically exchange that information on an annual basis with other partner jurisdictions. The CRS was incorporated into […]


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Cyprus plans to revise Intellectual Property Regime

The Ministry of Finance in Cyprus recently made public its intention on revising the existing Cypriot Intellectual Property (IP) Regime via a press release on 30 December 2015. Based on the recent press release, the Ministry of Finance will amend the current IP Regime according to the suggestions the Economic Co-operation and Development (OECD) made […]


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Cyprus-Ukraine Double Tax Agreement

The Cyprus Ministry of Finance has recently made public that the Protocol to the Double Taxation Agreement (DTA) amongst Cyprus and Ukraine was signed on 11 December 2015. The Protocol was initially agreed in September. The existing DTA was introduced on 1 January last year. Once both parties approve the Protocol it will come into […]


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Cyprus Investment Firms & Procedures Concerning Handing Complaints

The Cyprus Securities and Exchange Commission (CySEC) updated the Directive DΙ144-2007-01 of 2012 concerning the activities of Cyprus Investment Firms (CIFs). The updated Directive further explains and complements the policies of 18(2) and 29 policies regarding the Investment Services and Activities and Regulated Markets Law passed in 2007. CySEC has also issued a circular with […]


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OECD improves tax exchange of information in Cyprus

The Organization of Economic Cooperation and Development (OECD) has recently praised Cyprus as being largely obedient and compliant for complying with all the features linked to the Exchange of Information (EOI). In OECD’s October report, Supplementary Peer Review Report, the organization praised Cyprus for its compliance to the EOI criterion, a fact that benefits India […]


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