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New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
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| TODAY 11/03: Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
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Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
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by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
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for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
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| 24/02 Lowtax
Cyprus, annual update
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| 22/02 Lowtax
Brunei, annual update
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| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
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| 15/02 Lowtax
Australia,
major content expansion
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| 27/01 Lowtax
Germany, major content expansion
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'Low-tax' business and investment in the top 50 jurisdictions covered in
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A topical guide to offshore e-commerce focused on tax and regulation. |
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One of the web's largest and most authoritative business and investment
information sources. |
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The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
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on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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| Dubai And Cyprus Sign Regulatory Agreement |
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, May 22, 2008
The Dubai Financial Services Authority (DFSA) has entered into a Memorandum
of Understanding (MoU) with the securities regulator of Cyprus, it has been
announced.
The MoU signing took place on 19th May between Georgios Charalambous, Chairman
of the Securities and Exchange Commission of Cyprus (CYSEC), and David Knott,
Chief Executive of the DFSA, during a visit to Nicosia.
The CYSEC is responsible for the supervision of the Capital Market in Cyprus.
It licenses, monitors and regulates investment firms, regulated markets, collective
investments schemes and their management companies.
It also monitors and supervises
the issuers of securities listed on the regulated markets and monitors the securities
transactions in the country. It approves company prospectuses and takeover bids.
David Knott, described the MoU as a "significant
initiative" for the Dubai regulator.
“As a member of the European Union, Cyprus is an active participant in
the work of the Committee of European Securities Regulators (CESR), adopting
and harmonising international standards in Europe and continuing to establish
world class standards in the regulation of capital markets."
"As such this Memorandum
of Understanding is a significant initiative, recognising the importance of
these arrangements for co-operation and information sharing between the two
regulators."
“There are already a number of branches and subsidiaries of Cypriot firms
operating in the DIFC so this bi-lateral agreement, which reflects the responsibilities
of both agencies, will enhance information sharing and co-operation between
the DFSA and the CYSEC as regulators of these firms.”
As more financial services firms join the Dubai International Financial Centre
(DIFC) from Cyprus, it is anticipated that this bilateral relationship will
assume increasing importance as both regulators rely on the quality of regulatory
standards administered in the other’s jurisdiction.
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