Latest Posts

OECD improves tax exchange of information in Cyprus

January 22, 2016 9:57 am

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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CYPRUS DTT NETWORK UPDATE

December 29, 2015 7:36 am

NEW Cyprus- Bahrain DTT agreement signed in March 2015 In an attempt to strengthen its relations with Gulf countries, Cyprus recently signed a Double Tax Treaty (DTT) agreement with Bahrain. The DTT agreement between the two countries was signed on 9 March 2015. It is expected that upon signing the DTT, economic and trade ties […]

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What UAE Companies need to do to Prepare for VAT

November 24, 2015 10:25 am

While the UAE is preparing to introduce a new Corporate Tax and VAT, companies and firms are called to review numerous features including their financial systems in order to evaluate whether they are ready for the tax. Therefore, companies will have time to alter their financial and accounting systems. While it is still early for […]

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Bank account in Dubai

November 24, 2015 10:23 am

Individuals who are owners or partners in UAE entities can apply for corporate and personal bank accounts. The facilities the banks offer depend on the type of company an individual has (for example UAE Offshore or UAE Onshore) and the type of visa an individual maintains (UAE resident or non-UAE resident). Most of the UAE […]

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