Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


In the end of February 2014, Cyprus and Norway signed a double tax treaty between the two governments.

CYPRUS-NORWAY SIGN NEW DOUBLE TAX TREATY IN THE WAKE OF NORWAY’S OECD SURVEY 1The treaty signed between the two countries is a step to the further development of trade and economic relations between the two countries.

The Cypriot government aims at expanding the existing network of double tax treaties, so as to attract foreign investment on the island as well as to promote it as an international business and financial hub.

The signed agreement is based on the OECD Convention Model for the Avoidance of Double Taxation on Income and on Capital, providing for the Article 26 exchange of information according to the respective articles of this model.

The signing of the said treaty comes in the wake of an updated survey on Norway by OECD, which concludes that the economy of the petroleum-producing country is performing well; unemployment is low with a strong social mobility. The survey also addresses the challenges that lie ahead for Norway out of high household indebtedness at floating interest rates.