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The Cyprus Germany Business Association


The Cyprus-Germany Business Association welcomes the signing of the Cyprus-Germany agreement for the avoidance of double taxation.

The new agreement adopts the OECD (Organization of Economic Cooperation and Development) measure for transparency and exchange of information for taxation purposes. Improved provisions are also envisaged regarding dividends, interest, capital gains and shipping.

The Association’s Annual General Meeting was held at the Londa Hotel in Limassol on Thursday, 27 May 2010. Present at the General Meeting was H.E. the Ambassador of Germany in Cyprus Dr Gottfried Zeitz, who reaffirmed the full support of the German Embassy to the activities and events organized by the Association for the further development of the trade and economic relations between Cyprus and Germany.

The Cyprus-Germany Business Association will have its Annual General Meeting on Thursday, 27 May 2010 at 12:30pm at the Londa Beach Hotel in Limassol. Following the AGM, Mr Thomas Kazakos, Director General of the Cyprus Shipping Chamber, will deliver a speech on the subject “The New Cyprus Shipping Taxation System”.

Our Association organized a Panel Debate and presentation of the latest developments in the German travel market. The presentation was made by Ms Heike Beller of the German Firm FVW Media Group.

A large number of tourism professionals discussed the problems, prospects and opportunities to develop tourism from Germany.

All participants had the opportunity to contribute to this debate by making their own suggestions and recommendations. These suggestions and recommendations will be further discussed with the Cyprus Tourism Organization, which for sure will be extremely useful in their effort to promote tourism from Germany.

Our Association in co-operation with the Paphos Chamber of Commerce and Industry organized on Wednesday, May 11 a Round-Table Discussion titled "Business and economic opportunities between Germany and Cyprus".

Present at this event that took place in Paphos was a large number of members of our Association, members of the Paphos Chamber and also German Businesspeople who live and operate in the Paphos region.

Mr George Leptos, President of the Paphos Chamber of Commerce & Industry, Mr George Michaelides, President of our Association, and H.E. Dr Gottfried Zeitz, Ambassador of Germany in Cyprus, addressed the event.