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Cyprus-Jordan investment relations at a new level

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Cyprus-Jordan investment relations at a new level

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Invest Cyprus welcomes the signing of the Agreement on the Avoidance of Double Taxation and the Prevention of Tax Evasion with regard to Income Taxes, between the Republic and the Kingdom of Jordan. The agreement was signed by the Minister of Finance Konstantinos Petridis and the Jordanian Deputy Prime Minister and Minister of Foreign Affairs and Foreign Affairs of Jordan Mr. Ayman Al-Safadi, in the framework of the official visit of King Abdalla to our country.

In addition to the development of bilateral trade and economic relations, this agreement is expected to contribute positively to the promotion of investments between Cyprus and Jordan, as it now ensures clear tax management of trade between the two countries, creating stability and confidence in investors. The effective policy of the Ministry of Finance for expanding, maintaining and updating the network of Double Taxation Avoidance Agreements, with the addition of another important new agreement, contributes to the further strengthening of our country as an international business center.

“The wider region of the Middle East and the Gulf countries, is offered for important investment synergies, which is why we intend to intensify our actions in these markets in the near future. We want to convince that our country can be the ideal gateway to the European market, as it is already emerging as a regional business and financial center but also an investment destination. “Our congratulations to the Ministry of Finance that continues to expand the network of Contracts for the Avoidance of Double Taxation, for the significant benefit of the Cypriot Economy”, said the Chairman of the Board of Directors of Invest Cyprus, Giannis Matsis.

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Source: www.philenews.com

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