Newsletter November 2012

Cyprus Removed from Russian Black List

On 1^st January 2013 Cyprus shall be removed from the Russian black list. This removal has been one of the changes that were brought about by the Protocol to the Double Tax Treaty signed between Russia and Cyprus on 7^th October 20120.

What you need to know when you transfer shares of a cyprus company

The following procedure outlines the stages required for the completion for the transfer of shares of a Cyprus company:

An Instrument of Transfer is duly executed in accordance with the provisions of the Companies Law, Cap.113 (‘’the Law’’) and the Articles of Association of the Company.