The double taxation avoidance treaty between Cyprus and Luxembourg which was signed on 8 May 2017 in Nicosia, has entered into force on 21 of May 2018 with the application of its provisions starting 1 January 2019 aiming to expand trade and economic relations between the two countries. To read more about signing the treaty, […]

Cyprus has become a gateway to Europe for many Asian investment funds. Due to its strategic location, flexible legislation, low costs and numerous other advantages many Asian funds prefer to establish their base in Cyprus. According to Mr Andreas Yiasemides, vice president of the Cyprus Investment Funds Association there is an increasing number of funds […]

Hong Kong has been ranked as the second most competitive economy in the world by the IMD, International Institute for Management Development in its World Competitiveness Ranking 2018. 63 countries have been assessed for the purpose of the study based on the following four competitiveness factors; economic performance, government efficiency, business efficiency and infrastructure. The […]

A total of 4,660 persons acquired the Cypriot citizenship during the last 5 years, according to data published today by Eurostat, the statistical service of the EU. According to Eurostat, 24.8% of them were Russians, 15.6% Greeks and 7.2% from the United Kingdom. An increase of 40% was registered compared to 2015. In 2016, around […]

During the first quarter of 2018, the economy of Cyprus rose by 0,8%, compared with Q1 of the previous year. The European Bank for Reconstruction and Development readjusted its forecast for the economic growth of Cyprus in 2018 from 2,5% to 3,2%, while the European Commission estimates 3,6%. According to the Registrar of Companies the […]

The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.