New Ukrainian List Of Designated Offshore Jurisdictions Does Not Include Cyprus

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.

Explore Firm Details

The Ukrainian government has published the list of designated offshore jurisdictions under the Ukrainian Tax Code, which took effect on 1 April 2011.

Ukraine Wealth Management

The Ukrainian government has published the list of designated offshore jurisdictions under the Ukrainian Tax Code, which took effect on 1 April 2011. Payments by Ukrainian residents for the benefit of entities registered in these jurisdictions are not fully tax-deductible.

Cyprus is not included on the list of designated offshore jurisdictions, making payments to beneficiaries in Cyprus fully deductible.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

New Ukrainian List Of Designated Offshore Jurisdictions Does Not Include Cyprus

Contributor

Wealth Management

Contributor

Ukraine