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articles | May 29, 2013
Cyprus bailout fuels property re-evaluation race
Land registry employees are putting in extra hours without pay to reassess property values as part of the island bailout deal.
Read full articlearticles | May 22, 2013
Sale of Greek banks ‘could cost BoC millions’
Bankers yesterday criticised as unfair a deal to sell the Greek operations of the island’s banks as part of a €10 billion bailout deal Cyprus signed with international lenders.
Read full articlearticles | May 18, 2013
Cost cutting pays off in first quarter
Public finances recorded a surplus of €44.2m during the first quarter of 2013 due to a reduction of government expenditure by 17.2 per cent.
Read full articlenews | April 01, 2013
Cyprus remains an attractive destination for international businesses
Reminding our clients, associates and friends of the favourable investment and tax environment of Cyprus.
Read full articlearticles | February 01, 2013
Finance Minister Vassos Sharly: Cyprus has nothing to hide
Cyprus stands ready to undergo any inspection on its anti money laundering legal framework, Finance Minister Vassos Sharly told Dutch lawmakers, adding that Cyprus has nothing to hide.
Read full articlearticles | January 11, 2013
Laws voted on by Cyprus Parliament as part of bailout process
A number of laws affecting international business were voted on by the Cyprus Parliament recently as part of the preliminary agreement reached between the Cyprus government and the Troika.
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Taxation
Cyprus offers one of the most attractive tax regimes in Europe. A member of the European Union since 2004, Cyprus’ regulatory regime is in full compliance with the requirements of the EU and OECD. Cyprus has one of the lowest EU corporate tax rates at 15%. The island’s advantageous tax rate coupled with an extensive list of double tax treaties places it high on the list of preferred jurisdictions for international tax planners.
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Exporting to Cyprus
As a European Union member state, Cyprus applies European Union Customs Procedures to imported goods, and EU trade policy such as anti-dumping and anti-subsidy measures are followed as well as the EU import regime, which is fairly liberal, though some goods or products, including farm products, may still require import licences.
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