Andorra signed the agreement on financial transparency (based on the OECD AEoI) with the European Union. The aim of the accord is to prevent clearly the citizens of the EU member states to hide their wealth in the city-state.
The Cypriot Parliament voted a number of changes in the laws on 18th of April 2013 as part of the agreement concluded with ESM and IMF for financial assistance to Cyprus but it maintains important tax advantages.
As of the 28th of December 2012, Hungary has implemented a new investment program for obtaining permanent residence permit, which may serve as an exquisite entry for non-European investors to the European Union.
Monaco and the European Union agreed on mutual introduction of automatic tax information exchange, the principality will share the information of the bank account holders to the national tax authority of their tax residence.
Partly preceding partly following the negotiations conducted between The European Central Bank-European Commission-IMF troika the House of Cyprus Representatives has voted important and substantial changes, which also affects international businesses.