Stamp duty diverting business away from Cyprus

Calls for other revisions to taxation Visas “could be the final straw” Business is being diverted from Cyprus owing to cumbersome rules on stamp duty, according the Cyprus International Business Association (CIBA),

Suitors bid CYP 15 mln for Emporiki

Emporiki Bank Group S.A. of Greece announced that it has reached a memorandum of understanding with two Cypriot investors to sell its 75.02% stake in its local subsidiary, Emporiki Bank (Cyprus) Ltd.