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August 20, 2015 12:57 pm

In an effort to stimulate economic growth and attract investment from abroad, the Republic of Cyprus has made certain amendments on taxes which benefit foreign investors who conduct business activity via the island. The proposed tax reforms also offer a new boost to the island’s economy. The House of Representatives voted and passed the main […]


What is required to open an offshore account?

August 20, 2015 12:55 pm

Offshore banking is viewed negatively by most because it is linked to money laundering, top secrecy and tax evasion. However, reality is that it is legal to set up an offshore account and anyone can do so as long as he/she meet certain requirements. The majority of expats open offshore accounts in order to access […]


Cyprus Implements New Taxes

August 5, 2015 1:17 pm

The Cyprus Council of Ministers have recently approved and submitted some new tax laws to the House of Representatives. The House of Representatives will evaluate the new bills before approving and implementing them. The Republic of Cyprus aims to simplify and upgrade its tax system so as to remain an attractive jurisdiction. The new laws […]


National Risk Assessment Measures to Fight Terrorist Financing & Money Laundering

August 5, 2015 1:15 pm

The Central Bank of Cyprus has recently announced its plan on conducting a complete national risk assessment of measures with the purpose of decreasing terrorist financing and money laundering activities. The Central Bank of Cyprus has decided to carry out an evaluation concerning the risks on a national level in cooperation with the World Bank. […]