Monthly Archives: August 2013

Brief review of developments on the cyprus banking crisis

Following the decision on Cyprus of the Eurogroup meeting held on 25 March 2013, the two major banks of the island Bank of Cyprus and Laiki Bank have been affected and their depositors were forced to contribute to the banks’ … Continue reading

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Cyprus Medical companies

The Cyprus House of Ministers proceeded to vote on amendments to the Medical Legislation thus allowing doctors providing medical services through the establishment and operation of companies. The amendments were published in the Official Gazette on 19 July 2013.

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Malta’s new Residence Program for non-EU individuals includes Schengen Visa

A new residence scheme has been launched by the Maltese Government, called ‘The Global Residence Scheme’ aimed at attracting non-EU persons to take an EU residence in Malta.

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METHODS OF FINANCING THROUGH CYPRUS COMPANIES

The most efficient method of financing subsidiaries and associate companies in international operations through Cyprus is one of the most frequently discussed issues by clients. Especially clients from East European countries where the concept of “gift” is widely used, are … Continue reading

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Ukraine, Malta to sign convention DTA

Ukrainian Finance Minister Yuriy Kolobov is to sign a convention between the governments of Ukraine and Malta on the avoidance of double taxation and the prevention of tax evasion 

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Financial Sector Reform Programme.On the way to restoring and enhancing financial stability in Cyprus

The Central Bank of Cyprus announces that significant progress has been made with the Financial Sector Reform Programme at the conclusion of the three week mission of the international lenders today. The programme was designed to restore the solvency and viability … Continue reading

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Significant progress at Bank of Cyprus with the completion of the recapitalisation and the exit from resolution

The Ministry of Finance and the Central Bank of Cyprus announce that the Bank of Cyprus (BoC) has been fully recapitalised today by the overall conversion of 47,5% of uninsured deposits into shares in the bank, thus putting an end … Continue reading

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