en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.0036
GBP 1.3143
CHF 1.0038
RUB 0.0152
HKD 0.1277
JPY 0.0088
CNY 0.1446
CAD 0.7648
AUD 0.7293
BRL 0.2668
EUR 1.1487

Short news and ideas

Cyprus taken off the blacklist


In a statement issued on October 31st 2012, the Russian Ministry of Finance confirmed that Cyprus had been removed from its blacklist of tax-haven jurisdictions. This step by the Russians came about as a result of the protocol signed by the two countries on October 7th 2010 on the signing of an agreement for the avoidance of double taxation between them. This is an extremely important decision for companies registered in Cyprus. From now on Cyprus can more freely advertise the tax benefits enjoyed by companies registered there. As we have mentioned several times in earlier editions of the LAVECO Newsletter, the Cypriot tax system offers very favourable possibilities for the arrangement of international investment and holding companies. Cyprus was already popular among both Russian and other foreign businessmen, as even now it is the number one investor in Russia. The amount invested in Russia through Cypriot companies is more than 70 billion euros.

Related jurisdictions: