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Signature of the new double taxation convention between Cyprus and the United Arab Emirates

The new double taxation convention agreed between Cyprus and the United Arab Emirates in October 2010 was signed on 27 February 2011 on behalf of the two countries' respective governments during the Cyprus Foreign Minister's visit to the United Arab Emirates.

The agreement aims to enhance cooperation and partnership in trade and tourism and the development of the air transport sector, particularly in the light of Cyprus's membership of the European Union and its situation as the bridge between Europe and the Middle East.

We will post details of the new double taxation convention and its proposed effective date as soon as they become available.