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Cyprus: Property Market in Sharp Decline
Cyprus: Property Market in Sharp Decline 13.08.2020 3 min read

KPMG (Cyprus) has produced an annual property market report comparing 2019 and 2020 on a year-by-year basis. The report demonstrates a sharp decline in the number of contracts for property …

Cyprus-Russia: Russia Starts Proceedings to Scrap DTAA with Cyprus
Cyprus-Russia: Russia Starts Proceedings to Scrap DTAA with Cyprus 3 min read

The economic pressure on the Russian government has to lead to the final decision to scrap the Double Tax Avoidance Agreement (DTAA) with Cyprus. In the press, sides are blaming …

Cyprus: Bank of Cyprus is Disposing of Non-Performing Loans for €1b
Cyprus: Bank of Cyprus is Disposing of Non-Performing Loans for €1b 11.08.2020 3 min read

Non-performing loans (NPLs) are the real headache for the Cyprus banks which were irresponsibly crediting Cyprus residents while sitting on a pile of deposits until the Cyprus financial crisis of …

The Secrets to Successfully Opening a Bank Account in Singapore
The Secrets to Successfully Opening a Bank Account in Singapore 03.09.2018 3 min read

How it all began For more than 10 years, our company has been successfully opening bank accounts for our clients. During this time, we have accumulated a vast experience in …

Is Cyprus Heading for Another 2013 Banking Crisis?
Is Cyprus Heading for Another 2013 Banking Crisis? 22.08.2018 3 min read

Cyprus is experiencing another banking collapse. Currently, Cyprus Co-operative Bank is going through a difficult time. This passes unnoticed among most foreigners and it is not surprising – the bank’s …

Bank of Cyprus Overseas Companies’ Account Closures: What to Do?
Bank of Cyprus Overseas Companies’ Account Closures: What to Do? 08.08.2018 3 min read

On June 14th 2018, the Central Bank of Cyprus sent a letter to all financial institutions in which he urged Cypriot banks to close down bank accounts for sham companies. …

Cyprus: Holding Companies
Cyprus: Holding Companies 07.08.2020 3 min read

Cyprus is an ideal place for holding company location. The following factors are important when deciding the location of a holding company: Tax treatment of inward and outward dividends. Tax …

Q&A: Does my Cayman Company Have to Register for FATCA? 2020 Update
Q&A: Does my Cayman Company Have to Register for FATCA? 2020 Update 02.07.2020 3 min read

Q- As far as my Cayman Islands company doesn’t have US investors, does it have to register with FATCA? A- Yes- The IGAs and the FATCA Regulations apply to all …

Reporting Requirements for Scottish Limited Partnerships
Reporting Requirements for Scottish Limited Partnerships 02.06.2020 3 min read

The financial and reporting requirements for Scottish Limited Partnerships (SLPs) vary depending on whether the company is a micro-entity, or a small, medium or large entity. Micro-entities and small companies …

Russia and Cyprus: What Will Happen to the Double Tax Agreement (DTA)
Russia and Cyprus: What Will Happen to the Double Tax Agreement (DTA) 06.08.2020 3 min read

Drop in the oil revenue is driving the Russian government to look for any potential replacement. The Russian government took on three major jurisdictions there represents the majority of foreign …

Hong Kong Adopts New Investment Vehicle Structure
Hong Kong Adopts New Investment Vehicle Structure 3 min read

Hong Kong has passed two important legislation by introducing limited partnerships, an investment vehicle which is actively used in the fund industry. The Limited Partnership Fund Bill and the Limited Partnership Fund Ordinance will …

Deutsche Bank Again Found to be Involved with the Latest in Jho Taek Low Case
Deutsche Bank Again Found to be Involved with the Latest in Jho Taek Low Case 17.03.2020 3 min read

New reports have come to light regarding Jho Taek Low, who is a Malaysian businessman and international fugitive sought by the authorities in the US, Singapore, and Malaysia in connection …

Cyprus: Property Market in Sharp Decline
Cyprus: Property Market in Sharp Decline 13.08.2020 3 min read

KPMG (Cyprus) has produced an annual property market report comparing 2019 and 2020 on a year-by-year basis. The report demonstrates a sharp decline in the number of contracts for property …

Cyprus-Russia: Russia Starts Proceedings to Scrap DTAA with Cyprus
Cyprus-Russia: Russia Starts Proceedings to Scrap DTAA with Cyprus 3 min read

The economic pressure on the Russian government has to lead to the final decision to scrap the Double Tax Avoidance Agreement (DTAA) with Cyprus. In the press, sides are blaming …

Cyprus: Bank of Cyprus is Disposing of Non-Performing Loans for €1b
Cyprus: Bank of Cyprus is Disposing of Non-Performing Loans for €1b 11.08.2020 3 min read

Non-performing loans (NPLs) are the real headache for the Cyprus banks which were irresponsibly crediting Cyprus residents while sitting on a pile of deposits until the Cyprus financial crisis of …