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New Protocol to the Cyprus - Russian Federation Double Tax |
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On 16th April 2009, government representatives from both Cyprus and the Russian Federation signed a protocol to the 1998 double tax treaty between the two countries. The protocol is expected to come into effect on 1st January 2010 subject to its ratification by both governments in 2009. |
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Cross Border Mergers in Cyprus |
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Law N.186(I)/2007 has inserted new provisions in the Cyprus Companies Law, Cap113 (the “Law”), bringing the same in line with the provisions of Directive 2005/56/EC on cross border mergers of limited liability companies (the “Directive”) and facilitating cross border mergers with Cyprus companies, transfers into Cyprus of the registered office of foreign companies and the formation of the Societas Europae (“SE”), the last two having controversially preceded the implementation provisions on cross border mergers. |
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