Blog
Cyprus-Kazakhstan Tax treaty creates investment channel
December 17, 2020
The Cyprus Kazakhstan Double Taxation Treaty, comes into effect on January 17, 2021, is expected to create a channel for investment from Kazakhstan through Cyprus to Europe, and from Cyprus through its partner country to the east.
Cyprus is one of the top 10 investors in Kazakhstan, according to Kazak government statistics, having placed $165 million in direct investment in the country in the first half of 2020. Over 70 Cyprus companies have registered in Kazakhstan, and these will have significant advantages thanks to the treaty.