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I do have offshore company with Cyprus company current account. Does this tax also affects my company?
by memi 14y ago
I do have offshore company with Cyprus company current account. Does this tax also affects my company?
- xachen 14y agoThe risk of doing business in an offshore jurisdiction.
- Pro_bity 14y agoI think so.
- KateScisel 14y agoYes, if your money is in Cyprus. You will be granted shares in your bank of equivalent value to your losses. Does it help? LOL
- martinced 14y agoThis tax only affects residents living in Cyprus. This is already a crazy tax but if they're confiscating money on private companies' bank accounts they'll be killing the economy.
- IbJacked 14y agoI didn't see any references to "only affects residents living in Cyprus". From the articles I've read, it appears to be a tax on all deposits, regardless of foreign or domestic, personal or business.