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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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