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http://groups.drupal.org/node/259213 A lot has happened to Cyprus over the past 12 to 18 months as the country found itself caught up in the conflagration of the Eurozone debt and banking crisis. As a result, some taxes have been raised on both individuals and companies, but, on the whole, Cyprus remains an attractive jurisdiction for holding companies.Cyprus is no longer an offshore jurisdiction in the strict sense of the word, but its tax regime,coupled with its location at the cross roads of Eastern Europe, the Middle East, North Africa and Asia, an extensive network of double-tax treaties, its membership of the European Union and its sophisticated European business environment and stable economy mean that the island has become an ideal place to locate holding, trading and intermediary companies. Cyprus's taxation regime doesn't stand out particularly among its offshore competitors, butchanges to tax legislation approved in 2002 gave Cyprus the lowest rate of corporate tax in the EU at 10%. Cyprus has also adopted the EU's 'Code of Conduct' on 'harmful tax practices' and is placed on the Organization for Economic Cooperation and Development's (OECD) 'white list' of tax compliant jurisdictions and therefore has a reputational advantage over some of its offshore competitors. Cyprus was also rated as the most attractive tax regime in Europe (with the net attractiveness score of 90%) by a 2009 KPMG poll, ahead of Ireland, Switzerland and Malta. The Income Tax Act No. 118(I) of 2002 applied the 10% corporate tax rate to both 'offshore' and 'onshore' companies, although after a short transition period, this distinction has now been removed; as from January 1, 2003, an offshore company (IBC) no longer has a separate taxation status, and is taxed according to the same principles as a regular company. Thus, IBCs are now allowed to trade inside Cyprus. A pre-existing IBC which made an irrevocable commitment not to trade inside Cyprus until 2006 was able to claim the existi

Theoretically Id prefer to write such as this too - spending time and real effort to create a really good post but what can I only say I procrastinate alot and never appear to go done.

A lot has happened to Cyprus over the past 12 to 18 months as the country found itself caught up in the conflagration of the Eurozone debt and banking crisis. As a result, some taxes have been raised on both individuals and companies, but, on the whole, Cyprus remains an attractive jurisdiction for holding companies.Cyprus is no longer an offshore jurisdiction in the strict sense of the word, but its tax regime,coupled with its location at the cross roads of Eastern Europe, the Middle East, North Africa and Asia, an extensive network of double-tax treaties, its membership of the European Union and its sophisticated European business environment and stable economy mean that the island has become an ideal place to locate holding, trading and intermediary companies. Cyprus's taxation regime doesn't stand out particularly among its offshore competitors, butchanges to tax legislation approved in 2002 gave Cyprus the lowest rate of corporate tax in the EU at 10%. Cyprus has also adopted the EU's 'Code of Conduct' on 'harmful tax practices' and is placed on the Organization for Economic Cooperation and Development's (OECD) 'white list' of tax compliant jurisdictions and therefore has a reputational advantage over some of its offshore competitors. Cyprus was also rated as the most attractive tax regime in Europe (with the net attractiveness score of 90%) by a 2009 KPMG poll, ahead of Ireland, Switzerland and Malta. The Income Tax Act No. 118(I) of 2002 applied the 10% corporate tax rate to both 'offshore' and 'onshore' companies, although after a short transition period, this distinction has now been removed; as from January 1, 2003, an offshore company (IBC) no longer has a separate taxation status, and is taxed according to the same principles as a regular company. Thus, IBCs are now allowed to trade inside Cyprus. A pre-existing IBC which made an irrevocable commitment not to trade inside Cyprus until 2006 was able to claim the existing low tax rate for the three years 2

A lot of of what you claim happens to be supprisingly accurate and it makes me wonder the reason why I had not looked at this with this light previously.

Two men and a woman have been jailed for their part in a £4m offshore boiler room scam based in Spain and Ireland. Brian OBrien and Lynne D'Albertson controlled the operation from Sussex, through a firm called Secure Trade & Title, which acted as a supposedly secure funnel for share purchases.

Some genuinely interesting points you have written.

http://www.moneymarketing.co.uk/regulation/three-jailed-in-4m-offshore-investment-scam/1050198.article Two men and a woman have been jailed for their part in a £4m offshore boiler room scam based in Spain and Ireland. Brian OBrien and Lynne D'Albertson controlled the operation from Sussex, through a firm called Secure Trade & Title, which acted as a supposedly secure funnel for share purchases.

nice post! this is actually made my day.

A lot has happened to Cyprus over the past 12 to 18 months as the country found itself caught up in the conflagration of the Eurozone debt and banking crisis. As a result, some taxes have been raised on both individuals and companies, but, on the whole, Cyprus remains an attractive jurisdiction for holding companies. Cyprus is no longer an offshore jurisdiction in the strict sense of the word, but its tax regime, coupled with its location at the cross roads of Eastern Europe, the Middle East, North Africa and Asia, an extensive network of double-tax treaties, its membership of the European Union and its sophisticated European business environment and stable economy mean that the island has become an ideal place to locate holding, trading and intermediary companies. Cyprus's taxation regime doesn't stand out particularly among its offshore competitors, but changes to tax legislation approved in 2002 gave Cyprus the lowest rate of corporate tax in the EU at 10%. Cyprus has also adopted the EU's 'Code of Conduct' on 'harmful tax practices' and is placed on the Organization for Economic Cooperation and Development's (OECD) 'white list' of tax compliant jurisdictions and therefore has a reputational advantage over some of its offshore competitors. Cyprus was also rated as the most attractive tax regime in Europe (with the net attractiveness score of 90%) by a 2009 KPMG poll, ahead of Ireland, Switzerland and Malta.

I don't think so.

A lot has happened to Cyprus over the past 12 to 18 months as the country found itself caught up in the conflagration of the Eurozone debt and banking crisis. As a result, some taxes have been raised on both individuals and companies, but, on the whole, Cyprus remains an attractive jurisdiction for holding companies. Cyprus is no longer an offshore jurisdiction in the strict sense of the word, but its tax regime, coupled with its location at the cross roads of Eastern Europe, the Middle East, North Africa and Asia, an extensive network of double-tax treaties, its membership of the European Union and its sophisticated European business environment and stable economy mean that the island has become an ideal place to locate holding, trading and intermediary companies.

Cyprus Popular Bank Public Co Ltd (the "Bank") announces that during yesterday's Meeting, the Board of Directors elected Mr Chris Pavlou as Non Executive Vice Chairman. The Bank also announces that, during the period of medical leave of Group Chief Executive Officer Mr Christos Stylianides, Mr Takis Phidia, who will be seconded from CNP Laiki Insurance Holdings Ltd, will temporarily undertake duties as Acting Chief Executive Officer. CYPRUS POPULAR BANK PUBLIC CO LTD Jacqueline Loizides