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UAE seen by High Net Worth Individuals as a ‘safe haven’

UAE seen by High Net Worth Individuals as a ‘safe haven’

October 8, 2014 2:25 pm

In keeping with the latest report published in the Barclays Insights Series, economic security and opportunity are the two main features that drove 65% of well-off individuals to continue living within the UAE for the following five years. Generally, the rich view the UAE as a safe haven, in terms of economic security and business […]

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Cyprus Holding Companies

Cyprus Holding Companies

October 8, 2014 2:25 pm

Despite the difficulties Cyprus faced in 2013 with the economic recession and stabilisation program, Cyprus remains a dependable global business and financial hub, keeping on offering access to an ideal tax system, a widespread network of tax treaties and a transparent lawful framework. We might likewise want to highlight that the greater part of the […]

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Double tax agreement between Cyprus and Lithuania now in force

Double tax agreement between Cyprus and Lithuania now in force

October 8, 2014 2:13 pm

In June 2013, Cyprus and Lithuania signed the double tax agreement, which will be put in effect from January 1, 2015. According to the agreement made no withholding tax will be imposed on the dividends paid by a Lithuania resident company (excluding partnerships) to a Cyprus resident company as long as the receiver is the […]

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BVI signs Model 1B IGA for FATCA

BVI signs Model 1B IGA for FATCA

August 18, 2014 8:18 am

British Virgin Islands Premier, Hon. Dr. Orlando Smith, on 3oth June 2014 in Washington DC, signed the inter-governmental agreement (IGA), relating to the US FATCA (Foreign Account Tax Compliance Act, with the United States Government. Mr. Neil Smith, the Financial Secretary accompanied the Premier. Inline with anticipations, the IGA is based on the Model 1B […]

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