Expert Opinion (#11 November 2012)

Cyprus as an “Offshore” Jurisdiction for Ukrainian Businesses

Oles A. Kvyat

The establishment and use of non-resident companies by medium and big sized businesses are among the essential and most important stages of their structuring and further development today. In such a case, no matter what tax authorities and certain progressive-minded politicians say, “tax minimization” and confidentiality on the part of owners are far from the only purposes, which are pursued by businessmen when establishing or purchasing companies in the so-called “offshore” jurisdictions...

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