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.
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.
With effect from January 1, 2013 Hungary concluded three new double tax treaties between Denmark, Qatar and Georgia. With this, Hungary is having effective double tax treaties with 74 states now.
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.