News

India finally ends Capital Gains Tax loophole with Mauritius

Finally, after many years of discussions, India has decided to change its double-taxation treaty (DTT) laws with the Republic of Mauritius.


Panama Papers: an opportunity for Cyprus

The Cyprus government made a great move last week by pro-actively responding to the Panama papers, which named Cyprus to be amongst the 21 EU, US and other jurisdictions as one of channels used by the wealthy to send their money.


Does Cyprus have a clean Anti Money-Laundering record?

After the 2013 banking crisis and the scrutiny on Cyprus’ business deals with Russia, Cyprus now comes under peer review as per the Financial Action Task Force (FATF) an initiative established by the OECD.


Asian casinos push for betting license in Cyprus

As reports for 2016 emerge regarding the slowing economy in China, coupled with the recent attempts to combat corruption in Asian gambling companies, they are now seeking new jurisdictions to incorporate.


Cyprus set to leave Troika funding programme without a safety net

Capital Intelligence, the rating company based in Limassol, released figures showing that long-term foreign currency sovereign in Cyprus rating has been upgraded from B to B+ and has maintained a constant rate of the short-term foreign currency at B.


Cyprus banking: a number of contradictory announcements

Large Cyprus banks keep releasing contradictory announcements with regards to the banks’ workforce, teetering between plans of hiring new employees and providing early retirement of the existing staff members.


To sell or not to sell? Cyprus' Non Performing-Loan deadlock

Troika has made a decision to not allow borrowers to repay their loans at a discounted price, however without the immediate agreement of the DIKO party, the issue leads the Government towards to a deadlock and a plan overturn.


Cyprus to broaden economic activities with China

The President of Cyprus reiterated the government’s aim to support the development of business & economic relations between Cyprus & China.


Cyprus places in top 10 for improved economic reforms

According to a recent report by the World Bank’s Doing Business, Cyprus ranks 47th in the overall 2016 Ease of Doing Business.