If you’re in business and are considering selling products or services online, you’ll need a merchant account. While exploring your options, consider an offshore merchant account — a bank account established with a foreign bank. Offshore accounts can offer considerable advantages […]
Seychelles Offshore Companies Benefit From Cyprus Banking System
Located in the Indian Ocean north of Madagascar, Seychelles is more than a tropical paradise to nonresidents. Competitive legislation and easy company registration, including a turnaround time of one to two days, make it another haven for offshore businesses […]
70 Companies to Bid for Cyprus Offshore Gas Fields
On Dec. 28, Texan company Noble Energy, Inc. announced the discovery of 3 trillion to 8 trillion cubic feet of natural gas in Block 12 of the Exclusive Economic Zone (EEZ) of Cyprus. To put the magnitude of this discovery into perspective, the gas could power all of Cyprus’s electricity needs for 210 years. Now, in its second round of awarding gas prospecting licenses, Cyprus has 70 international companies interested in placing bids…
The New International Trust Law – New Solid Investment Opportunities in Cyprus
After much debate the House of Representatives finally voted into law the new Cyprus International Trust Law. The bill that was enacted on the 9th of March 2012 aims to modernize the framework of international trusts and have positive impact on investment […]
New Cyprus Drilling Round for Oil and Gas Licensing
A new oil and gas licencing round organised by the Republic of Cyprus. Further drilling blogs in the eastern Mediterranean will contribute to energy security in southern Europe. The new round was announced by the Cypriot government on 13 February, with 12 offshore blocks available. The blocks being offered are located off the southern coast, where […]