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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...

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...

Due to the mounting criticism of foreign countries, Cyprus has tightened its vetting process in its Citizenship by investment scheme. After the changes, the scheme applicants will be subjected to more rigorous vetting procedures and enhanced due diligence. Finance Minister, Mr Harris...

In the second part of the interview, Mr Siegert, Senior Head of Sales of the Collection Group, talks about the versatile advantages of a “virtual office” – a product name that he helped to shape. Question: Mr Siegert, you are one of the leading experts on the development and commercial...

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%....

The law governing the establishment of trusts in Cyprus is based on the English system. It is a combination of the English Principles of Equity and Statue Law. Cyprus International Trusts are regulated by the International Trusts Law 69(I)/1992 as amended by Law 20(I)/2012. What is a trust?...

The number of new Cyprus company registrations continues to rise in 2018. According to the Registrar of Companies the number of new Cyprus company registration rose 16 percent in April to 1,168 compared to the previous year. In the first quarter of 2018 the total number of new Cyprus company...

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. Key conclusions emerging from authors such as George Magnus, senior...

Insuring our valuables and the precious things that we have is essential. If you own physical gold, silver or other precious metals, you would not like to risk loss of a part of your wealth. But are you sure that the insurance of your gold and silver really provides full coverage, full in terms...

Unallocated gold storage allocated gold storage, segregated gold storage or allocated and segregated gold storage – these terms describe the form of storage and the legal relation of a gold owner with his or her physical gold purchased and stored. The same terms are of course also used for...

According to Lebanon’s Central Bank or Banque du Liban (BDL)’s balance sheet, total assets of the bank reached $118.3 billion at the end of 2017, rising by $15.9 billion which is 16% increase compared with the previous year. Moreover, the securities’ portfolio of the Central Bank increased by...

Cyprus Notional Tax Deduction (NID) is a deduction against taxable profit calculated by applying a “reference interest rate” to new equity injected into companies and used by companies for the performance of its activities under certain conditions and constraints.The notional tax deduction in...

The 5th Energy Symposium was organized jointly by the Institute of Energy for South-East Europe (IENE) and FMW Financial Media Way with a special theme ‘Cyprus Europe’s new energy gate’ on the 1st of November in Nicosia. Cyprus was praised by Costis Stambolis, executive director of IENE on...

Gravity Ventures, a new venture building incubator has entered the Cypriot market with the aim to support local and international business founders and start-ups for their development and their entrance into international markets. Gravity is located in Nicosia, in the capital of Cyprus. It is...

Lebanon has a fast-growing Information Technology sector. Its market size was USD 436.2 million in 2016 and it is expected to further grow at a compounded annual interest rate of 9.7% and reach USD 543.5 million by 2019. The impact of this growth on the national GDP is forecasted to be greater...

Cyprus is currently the fastest growing fund centre in Europe thanks to its modern funds legislation fully in line with all relevant EU Directives and its well-established network of financial and professional service providers. Alternative Investment Funds (AIF) are new investment vehicles as...

An individual enjoys the Cyprus Non-Domiciled Status if he/she is tax resident of Cyprus and has not been a tax resident of Cyprus as per the Income Tax Law for a period of 20 consecutive years prior to the introduction of the law (i.e. prior to 16 July 2015). An individual is considered to...

Unallocated gold storage, allocated gold storage, segregated gold storage or allocated and segregated gold storage – these terms describe the form of storage and the legal relation of a gold owner with his or her physical gold purchased and stored. The same terms are of course also used for the...

Cyprus is well known as a preferred country for holding companies, international or regional headquarters and investment companies. Cyprus continues to be the place of choice for many international businesses and business people, and for investors. Consequently, Cyprus company registrations are...

The Ministry of New and Renewable Energy (MNRE) of India and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India on behalf of Germany have signed an agreement on technical cooperation under the Indo-German Energy Programme for the green energy corridors project in India....