The plenary session of the Cypriot Parliament elected 36-year-old member of the Democratic Rally, Annita Demetriou, as the new Speaker of the Legislative Body.
Kyproksella parlamenttivaalit – Pääkysymyksinä vanhoihin puolueisiin liittyvät korruptiosyytteet ja uudet puolueet poliittisen kentän ääripäissä yle.fi - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yle.fi Daily Mail and Mail on Sunday newspapers.
Αssociated Press
A demonstrator takes a mock copy of Cyprus passport during a demonstration against corruption outside of the conference center in the capital Nicosia, Cyprus, Wednesday, Oct. 14, 2020. (AP Photo/Petros Karadjias) 5/5/2021 The National Herald
NICOSIA The now-defunct Golden Visa scheme on Cyprus that was staunchly defended by Cypriot President Nicos Anastasiades – whose family s law firm was a broker for them – granted at least 770 residency permits and European Union passports to people not eligible for them.
That was the preliminary finding of a report by a four-member panel appointed by the government to look into the scandal that saw the end of the program in November, 2020 and the EU also investigating.
For businesses in Africa, lobbying can play a vital role in creating a more open, business friendly legal system which is fit for purpose. However, throughout history, the process of lobbying policymakers has been open to abuse and at times, controversial. One only has to look at Britain’s current Greensill scandal and the accusations facing the government of cronyism to know that there is often no easy solution to these problems, and even with legislation in place, the lobbying process can be wide open to abuse. The pandemic has also exposed the often-blurred lines between the public and private sector, especially when it comes to awarding contracts for public health work.
Exempt
It should be noted that the SDC Law provides that when a
Cyprus-domiciled person transfers assets to a non-domiciled
relative (up to the third degree), it is then up to the
Commissioner to decide whether the transfer was performed for tax
avoidance, in which case the income deriving from the said assets
will be subject to defence tax.
Cyprus, a Prime Tax Destination
Cyprus was not the first country to apply the Non-Domiciled Individual concept. Countries such as
Ireland, Malta and the United Kingdom have also adopted similar tax
concepts. For example, while in Cyprus one can only uphold the