This article informs about necessary documents and information required for the opening of a bank account in Cyprus or elsewhere. Please note that this article provides information as per end of 2017/beginning of 2018. This article will be updated in July 2019. We often hear that some service providers like consultancy firms, corporate service providers, […]

Loans between related parties where a Cyprus Company is involved will now have to bear interest rates as per transfer pricing rules. The current practice of the minimum interest rate allowable by the Cyprus Tax Authorities on loans between related companies provided for an annual interest rate not lower than 0,35 %. It has been decided […]

Cyprus tax payers (individuals and companies) do now have the possibility of paying their delayed tax liabilities by long-term instalments. The new Law will refer to the possibility for applying taxpayers to arrange with the Tax Department the payment of taxes due (including penalties and interest) by instalments. The tax arrears must be settled to […]

On 18 January 2017, Shanda Consult conducted two interactive workshops for the Organisation for Investment, Economic and Technical Assistance of Iran. OIETAI is the investment promotion body of the Ministry of Economic Affairs and Finance of Iran. The workshops took place at OIETAI Headquarters in Tehran. The interactive workshop organised and held by Shanda Consult was […]

The EU and the US announced the lifting of the economic and financial sanctions against Iran with immediate effect. Iran ordered 114 planes from Airbus immediately. Yesterday evening (16.01.2016), Iran has been found compliant by the International Atom Energy Agency (IAEA) with the terms of the Atom Road-Map Agreement of 14.07.2015. EU Sanctions EU foreign […]

Shanda Consult is implementing a business visit to Iran in January 2017. Mr. Nolte and Dr. Engelke are visiting Iran for meetings on ministerial level and for meetings with various Iranian stakeholders of planned industrial joint ventures of Iranian and German investors. The director of Shanda Consult, Mr Stefan Nolte, and senior consultant and coach […]