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UAE’s International Tax Overview

UAE’s International Tax Overview

February 4, 2015 12:41 pm

Basic Investment Information: UAE’s currency is known as the UAE Dirham (AED). The UAE has no foreign exchange control. It is required accounting principles and financial statements are drawn up every year. Principal Business Entities Principal Business Entities comprise of limited liability companies, private or public joint stock companies, any branches and representative offices in […]

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Cyprus Banks Surface form Stress Tests

Cyprus Banks Surface form Stress Tests

February 4, 2015 12:40 pm

According to the European Central Bank’s publication recently, the stress tests conducted on the banks of Cyprus have shown that three of the island’s banks have completed the test and have marked a surplus in capital. Only one completed the assessment with a manageable deficit. The main purpose of the stress tests, which examined 130 […]

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CYPRUS ECONOMY-POSITIVE NEWS

February 4, 2015 12:38 pm

Last week was all positive news for the Cyprus economy. Sunday 26 October 2014. Stress Tests. All Banks have passed the “stress tests” peformed on about 125 Banks all over Europe and intended to examine the strength of the Banks in an extreme case scenario. Four Cyprus Banks were included in those tests (Bank of […]

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De-offshorisation of the Russian Economy

De-offshorisation of the Russian Economy

February 4, 2015 12:37 pm

An updated report of the legislation concerning controlled foreign company (CFC) rules was drawn up by the Russian Ministry of Finance in the beginning of September. The new draft was the result of the work and discussions that took place over the summer. The new revised laws and regulations do not benefit businesses and companies […]

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