Offshore Outsourcing Botswana. Numbered accounts

The formal occasion - the accumulation of additional funds to the budget of Ukraine. The convention is unlikely to be able to fill the budget because of the zero rate is not subject to all the profits, but only the interest, dividends and royalties. At the end of 2006, the volume of investments from Cyprus to Ukraine amounted to $ 1562 billion Assuming that all loans with an interest rate of 10% per annum, taking into account payment of 15% tax and budget revenues from taxation of the amounts paid by overseas interest, will total about $ 23 Millions Of course, before the new convention will enter into force, the Government needs to denounce its old version.

Most likely, the Ukrainian owners of Cypriot companies, used to optimize the structure of government and taxation, will now be forced to migrate to other offshore jurisdictions. However, most of them probably already know where.