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News of Offshore Business
New
Tax Legislation in Cyprus
The Parliament of Cyprus has approved the changes in the tax legislation
of Cyprus, which will be effective from 1 January 2004. The main goal
of the changes was to harmonize the legislation of Cyprus with European
Union law…>>>
Malta
Shaking Off Reputation As "Tax Haven"
In a recent interview with The Financial Regulator, a quarterly publication
charting the supervision of the world's financial markets, chairman of
the Malta Financial Services Authority, Joe Bannister, tracks the island's
progress from 'tax haven' to a more European orientated regulatory environment…>>>
Offshore
Financial Services Supplying Third Leg to Seychelles Economy
The Seychelles' economy, now able to attract overseas companies like American
food giant Heinz, is undergoing further restructuring to meet the requirements
of globalisation. The islands have for the past two decades been heavily
dependent on tourism and fisheries, following the fall in importance of
cash crop exports…>>>
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