The Republic of Cyprus and The Kingdom of Netherlands, have signed an agreement to avoid double taxation. The treaty will ensure the tax treatment of transactions between the two countries.

The Cyprus Ministry of Interior issued the legal framework and criteria for the expedited process of issuing an Immigration Permit to third country nationals, to attract foreign investments in Cyprus.

Following the Prevention of Money Laundering Law of 2021, companies must register their Beneficial Owners with the registerar of companies.

The Dubai International Financial Centre with 20 per cent increase in the number of licensed firms, recorded its best annual performance in 2020.

The government of the UAE released an updated and more comprehensive Anti-Money Laundering and Terrorist Financing Law.

The Council of Ministers has decided during its meeting on 16 December 2020 on the implementation of UBO registry in Republic of Cyprus.