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News / 2016 News

2016 News

Russian tax residency rules explained
21 Oct. 2016
Russian tax residency rules explained
The Russian Tax Authorities explained that the tax residency status of individuals shall not be defined based on the 183 days rule, but also on the individual’s permanent place of living, or even...
CORPORATE MIGRATION IN UAE, NOW EXPEDITED
20 Oct. 2016
CORPORATE MIGRATION IN UAE, NOW EXPEDITED
Corporate migration (redomiciliation) is the process by which a company moves its domicile (or place of incorporation) from one jurisdiction to another by changing the country under whose laws it...
CIPA and IDA Ireland sign Memorandum of Understanding
20 Oct. 2016
CIPA and IDA Ireland sign Memorandum of Understanding
On October 19 2016 the Cyprus Investment Promotion Agency (CIPA) and its Irish counterpart, the Industrial Development Authority (IDA) signed a five-year Memorandum of Understanding as a means to...
Cyprus citizenship is becoming very popular in UK
20 Oct. 2016
Cyprus citizenship is becoming very popular in UK
The interest of British people in obtaining Cyprus citizenship is notably increased. The number of telephone calls received daily by the Cypriot Embassy in London is 200, whereas before the Brexit...
Seychelles: New amendments to the International Business Companies Act, 2016
20 Oct. 2016
Seychelles: New amendments to the International Business Companies Act, 2016
Being under a process of several amendments to the IBC Act 1994, the government of Seychelles has eventually approved the enactment of the New IBC Act 2016 on 26th July 2016.
EU to create list of non-cooperative tax jurisdictions
20 Oct. 2016
EU to create list of non-cooperative tax jurisdictions
Aiming at the creation of a common EU list of non-cooperative tax jurisdictions, the European Commission released ‘a pre-assessment of all third countries according to key indicators’.
UAE: Central Bank approves expansion of financial activities of banks and financial institutions
20 Oct. 2016
UAE: Central Bank approves expansion of financial activities of banks and financial institutions
The applications according to which banks and other financial institutions, which operate in the UAE, will be able to expand their activities and to open new branches, have finally been approved.
Cyprus and Latvia Tax Treaty Update
27 Sep. 2016
Cyprus and Latvia Tax Treaty Update
On 24 May 2016, Cyprus and Latvia signed a tax treaty based on the OECD model convention. The treaty contains an article on the exchange of information.
Ukraine - Cyprus Double Tax Treaty Update
27 Sep. 2016
Ukraine - Cyprus Double Tax Treaty Update
Details of the amending Protocol to the 2012 Income Tax Treaty between Cyprus and Ukraine have become available.
Cyprus Citizenship Enhanced!
16 Sep. 2016
Cyprus Citizenship Enhanced!
On 14 September 2016, the Cyprus Government announced that the Council of Ministers approved revised criteria for granting Cypriot citizenship to foreign investors, lowering the threshold and thus...
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