Tax-News.com, a Lowtax Network Publication, Launches the Cyprus Review 2010-2011
A review and forecast of Cyprus's international business, legal and investment climate.
East Sussex, United Kingdom, October 06, 2010 --(PR.com)-- Tax-News.com, a Lowtax Network Publication, has published the latest in its Jurisdiction Review publication series, featuring Cyprus. Cyprus represented a natural choice for a Tax-News.com analysis, due to the international tax planning benefits that the jurisdiction boasts, the close ties that it has to important economies such as the UK and Russia, and its EU membership, healthy banking system and new shipping tax regime.
Commenting on the benefits for businesses offered by Cyprus, Tax-News.com EU Editor, Lorys Charalambous observed that:
"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 relatively sophisticated European business environment and stable economy mean that the island is an ideal place to locate holding, trading and intermediary companies.
"Cyprus’s strategic location at the crossroads of Europe, Asia and Africa, in combination with a benign tax regime, has enabled the island to become a world force in shipping. The Cypriot maritime industry is one of the largest in the EU and the 10th largest worldwide, with more than 1,850 ocean going vessels exceeding 21 million gross tons on the jurisdiction’s registry. Moreover, Cyprus is the biggest third party ship management centre in the EU, with about 60 ship management companies operating in the territory.
"Our Review of Cyprus has shown that it continues to shine as an investment bridge between the EU and the rest of the world. Most importantly it is clear from our investigation, and from the high level of interest, that the future remains bright for Cyprus."
You can read the Tax-News.com Review 2010-2011 digital edition at http://www.tax-news.com/cyprus/cyprus_review_2010.asp, free of charge. A hard-copy release is expected on 15th October.
Tax-News.com, a Lowtax Network Publication, has maintained an online presence for over ten years, and boasts some of the highest traffic in its sector.
All enquiries, including Cyprus Review sponsorship, advertising or contribution requests should be addressed to: India Gabrielle, india.gabrielle@tax-news.com, +44 (0)1424 205 425.
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Commenting on the benefits for businesses offered by Cyprus, Tax-News.com EU Editor, Lorys Charalambous observed that:
"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 relatively sophisticated European business environment and stable economy mean that the island is an ideal place to locate holding, trading and intermediary companies.
"Cyprus’s strategic location at the crossroads of Europe, Asia and Africa, in combination with a benign tax regime, has enabled the island to become a world force in shipping. The Cypriot maritime industry is one of the largest in the EU and the 10th largest worldwide, with more than 1,850 ocean going vessels exceeding 21 million gross tons on the jurisdiction’s registry. Moreover, Cyprus is the biggest third party ship management centre in the EU, with about 60 ship management companies operating in the territory.
"Our Review of Cyprus has shown that it continues to shine as an investment bridge between the EU and the rest of the world. Most importantly it is clear from our investigation, and from the high level of interest, that the future remains bright for Cyprus."
You can read the Tax-News.com Review 2010-2011 digital edition at http://www.tax-news.com/cyprus/cyprus_review_2010.asp, free of charge. A hard-copy release is expected on 15th October.
Tax-News.com, a Lowtax Network Publication, has maintained an online presence for over ten years, and boasts some of the highest traffic in its sector.
All enquiries, including Cyprus Review sponsorship, advertising or contribution requests should be addressed to: India Gabrielle, india.gabrielle@tax-news.com, +44 (0)1424 205 425.
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TheLowtaxNetwork
Kate James
+44 (0)1424 205 425
http://www.tax-news.com/cyprus/cyprus_review_2010.asp
Kate James
+44 (0)1424 205 425
http://www.tax-news.com/cyprus/cyprus_review_2010.asp
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