EU finance ministers have taken a major step towards ending banking secrecy, agreeing to the automatic exchange of account information. The 28 finance ministers meeting in Luxembourg on 14 October approved a directive requiring banks to swap bank account information with tax authorities in other member countries. This is a real “milestone for what the...Read More

Almost 8,000 new companies were registered in Cyprus in the first three quarters of 2014, according to figures released by the Cyprus Registrar of Companies. Statistical records posted on the Registrar’s official website show that 7,930 new business entities were registered in the first nine months of the year, bringing the total number of registered...Read More