On 8 November 2012, Ukraine and Cyprus signed a new double taxation treaty to replace the one signed in 1982 between Cyprus and the USSR. The new treaty aims to improve transparency, information exchange and economic relations between the two countries. Inspired by the Tax Convention on Income and OECD capital, it should enter [...]Read More
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The Russian Ministry of Finance has recently released a new white list of offshore jurisdictions where Cyprus is no longer included. Although a double taxation treaty was signed between the two countries last February, Cyprus was still regarded as an offshore destination by Russia until October 31. This change presents certain advantages as [...]Read More
In its latest report on financial development published on 12 October 2012, the World Economic Forum has once again awarded first place in the ranking of the biggest global financial centres to Hong Kong. This year, Hong Kong maintains its position as a financial leader and has also managed to strengthen it. Indeed, [...]Read More
Recently, the Ministry of Finance of Singapore made some modifications to the law governing companies. These changes have been studied to maintain Singapore’s competitiveness for companies and investors at the international level. These developments are supposed to be advantageous to different groups of stakeholders such as companies, small and medium-size enterprises (SME), small investors [...]Read More