Cyprus Mail
Business Cyprus

Impact of Russian de-offshorisation may be neutral for Cyprus

By Stelios Orphanides

A new law passed by the Russian Duma on November 18, and signed by President Vladimir Putin a week later, aiming at increasing Russia’s tax revenue from companies operating in Russia but domiciled outside the country, may change the pattern of Cyprus’s economy where a significant number of Russian-owned companies are registered, business service professionals said.

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