The 6th order has been announced on stockwatch.com.cy today and most likely officially tomorrow and it shall be valid for a period of 7 days.
The government has moved to amend the chargers and fees applicable to various matters concerning companies, winding up, liquidations, bankruptcy and other related matters in Cyprus. Read more
Wishing you a happy new year and all the best for 2013.
On the 8 November 2012 during the official visit of the President of Ukraine, Viktor Yanukovych, to Cyprus an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed in Nicosia.
The new agreement replaces the 1982 Convention for the avoidance of double taxation of income and property with the Former USSR which the Ukraine (and Cyprus) decided to apply after the USSR. The two countries were in negotiations for over five years over the text of the agreement and the signing of it marks the enhancement of the relationship between the two states.
The agreement is based on the OECD Model Tax Convention on Income and on Capital of 2010. The most notable changes from the existing regime are: Read more
The begining of 2013 will mark a great start for Cyprus. Cyprus will be officially removed from Russias Black List of Offshore Jurisdicition as of the 1st January 2013.
The updated blacklist of the Russian Ministry of Finance has been published on 31 October 2012. The removal of Cyprus from the Russian black list has a great meaning for Cyprus since it allows Cyprus to freely present itself to the Russian market for outbound investments. This will effectivly allow Russian Companies and Investors to use Cypriot companies for investment activities. Read more