Siem Offshore Botswana. Numbered accounts

The Ukrainian government agreed on a new convention on avoidance of double taxation with the Republic of Cyprus. In the event that the convention will be ratified by the Verkhovna Rada, the next year, the operation to pay income residents of Ukraine for residents of Cyprus will be fully covered under the laws of Ukraine «On Taxation profits»

and «On the income tax of individuals». This means that the holders of Cypriot offshore companies will now pay taxes on the «full» - all proceeds to be paid to residents of Cyprus from the territory of Ukraine, will be taxed at a rate of 15% to 25%.