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Iranian chain stores are gradually rising and attracting more consumers to do their routine shopping in a more efficient way.

The source of the foreign currency which is to be transferred, will be registered on ISC platform by the importers.

After some years of tough negotiations, the new Cyprus India Double Taxation Avoidance Agreement (DTAA) has been signed on 18 November 2016. The new Cyprus India DTAA is expected to re-boost trade and investment activities between the two countries.

The changing regulatory requirements, global tax reforms and initiatives such as the Base Erosion and Profit Shifting (BEPS) action plan undertaken by the OECD raise important questions...

The number of new Cyprus company registrations continues to rise in 2018. According to the Registrar of Companies the number of new Cyprus company registration rose 16 percent in April to 1,168 compared to the previous year.

Due to the mounting criticism of foreign countries Cyprus has tightened its vetting process in its Citizenship by investment scheme.

During the last meeting of the Money and Credit Council on Tuesday, new directives were approved with the aim of raising the capital adequacy ratio of banks, coordinated with international standards.

The number of new Cyprus company registrations continues to rise in 2017.

Cyprus has been selected for an Iranian feature film production "Mastermind". The Canadian-Iranian film production company Aria Persys arrived in Cyprus to shoot a feature film, starting in the first days of October.

Double Tax Avoidance Agreement (DTAA) was signed between Cyprus and Saudi Arabia on 03 January 2018, in Riyadh for the avoidance of double taxation between two countries and</strong> the prevention of tax evasion

Indian companies became one of the most important foreign investors around the world in the past years. The strong European brands and advanced technology attract Indian investors to Europe.

The Cyprus Investment Programme opens the way to the exclusive nature of the Cypriot passport, currently ranked 12th by the passport index.

France, Germany and the UK are seeking to establish a payment channel to bypass the new US sanctions against Iran in order to enable trading between European and Iranian businesses in key sectors, specifically oil industry.

According to the Central Bank of Iran, 40 registered banks and credit institutions operate in Iran which there are five foreign banks among the active banks' list.

It also announced that it will end its balance sheet runoff in September this year.

During the first quarter of 2018, the economy of Cyprus rose by 0,8%, compared with Q1 of the previous year. The European Bank for Reconstruction and Development readjusted its forecast for the economic growth of Cyprus in 2018 from 2,5% to 3,2%, while the European Commission estimates 3,6%.

Iranian Banks have established banking ties with two leading banks in Austria which 22 of these banks have linked-up with Oberbank, a major bank in Austria, to expand economic and banking relations between Iran and Austria.