During his recent visit to the kingdom of Bahrain, president of the Republic of Cyprus Mr. Nicos Anastasiades and the king of Bahrain Hamad bin Isa Al Khalifa signed four bilateral agreements.
According to an official press release, Cypriot Foreign Minister Ioannis Kasoulides, who was accompanying the Cypriot President in his visit, signed a bilateral agreement with his Bahraini counterpart on the Avoidance of Double Taxation.
The double taxation avoidance agreement updates an existing protocol and expands the network of similar deals, based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital, in order to help boost foreign direct investments to Cyprus.
Source:
FinancialMirror.com
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