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ARTICLE · 15 MARCH 2000

Offshore Companies - Sharing Experience & Determining The Outlook For The Next Decade

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC (ENC) is among the largest firms in southeast Europe and the Eastern...

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CyprusEnvironment
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Speech delivered by Andreas Neocleous Managing Partner of Andreas Neocleous & Co at the Economist Conference on 27 January 2000 in Nicosia

When we refer to "offshore companies" we mean the various legal entities that can be registered and can operate in the various "offshore centres" of the world. These legal entities which have different categories and may have different names depending on the country e.g. offshore companies, International Companies, Companies of International Operations etc, are today facing serious problems with regard to their future and existence.

It is widely known that two major and powerful organizations, the European Union and the Organization for Economic Cooperation and Development, supported by Group 7 and the United Nations, have made some decisions and have set up guidelines that aim to neutralize harmful tax competition between various countries.

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