Cyprus–Norway relations

Cyprus–Norway relations

Cyprus
Norway

Cyprus–Norway relations are foreign relations between Cyprus and Norway. Diplomatic relations were established on 22 March 1963.[1] The government in Cyprus considers that the "bilateral relations between Cyprus and Norway are excellent in all fields".[2] Neither country has resident ambassadors.

Diplomatic relations

Cyprus is represented in Norway through its embassy in Stockholm, Sweden, and two honorary consulates, one in Oslo and the second in Kristiansand. Norway is represented in Cyprus through its embassy in Athens, Greece, and an honorary consulate in Nicosia.[3] Both countries are full members of the Council of Europe. Diplomatic relations were established on 22 March 1963.[2] On 7 April 1998, Svein Ole Sæther became the non-resident Norwegian Ambassador to Cyprus stationed in Tel Aviv.[4][5] He said "[bilateral relations] have been enhanced over the last years, not at least due to tourism."[4] Norway used the opportunity to reaffirm its support to a peaceful solution to the Cyprus dispute and said it would support Cyprus' entry into the European Union.[4]

Agreements

On 21 August 1951, there was a Consular Convention and an Exchange of Letters relating to establishing diplomatic relations. On 2 May 1951, there was a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income. On 17 May 1962, there was an Exchange of Letters constituting an Agreement on the Abolition of Visa Requirement in Nicosia. On 5 March 1963, there was an Agreement on Commercial Scheduled Air Transport signed in London.[6]

Cyprus as tax haven

The taxation levels in Cyprus are considerably lower than in Norway, and Cyprus has actively courted Norwegians to move to Cyprus.[7] Among the Norwegians who moved to Cyprus is the shipping billionaire John Fredriksen, who was the richest man in Norway.[8][9][10]

In 1996 tax rules in Norway were changed to keep shipping companies competitive and under the Norwegian flag as ships changed their registry to Cyprus.[11] By 2008 changes to the tonnage tax regime to harmonize them with the European Union forced some companies to register in Cyprus.[12] Norwegian Service rig company Prosafe moved their headquarters to Cyprus.[13]

Several Norwegian retirees also moved to Cyprus; this too is largely to benefit from the lower tax rate on Cyprus and the minimal crime.[14][15]

See also

References

 This article incorporates public domain material from the Library of Congress document: "Norway: A country study". Federal Research Division. 2002. Bilateral Relations: Cyprus. 

  1. ↑ "Kingdom of Norway" (PDF). Cyprus. Retrieved 2010-05-15.
  2. 1 2 "Cyprus – Norway Bilateral Relations". Embassy of Cyprus in Sweden. Retrieved 3 May 2009.
  3. ↑ "Consulates in Greece and Cyprus". Norway. Archived from the original on April 8, 2010. Retrieved 2010-05-15. There are several Norwegian Honorary Consulates in Greece, and one in Nicosia, Cyprus.
  4. 1 2 3 "New Ambassadors From Finland, Norway And Pakistan Present Credentials To President Clerides". Kypros.org. Retrieved 2010-06-18.
  5. ↑ "Cyprus: Turkish political leader says rumours, withdrawals escalated banking crisis". Anatolia News Agency via BBC Monitoring. May 10, 2000. Retrieved 2010-06-18. Responding to questions of reporters during his meeting with Svein O. Saether, the Norwegian ambassador to Tel Aviv who is also accredited to the Greek Cypriot side ...
  6. ↑ "Kingdom of Norway" (PDF). Cyprus. Archived from the original (PDF) on July 16, 2011. Retrieved 2010-05-21.
  7. ↑ "Kypros jakter på rike nordmenn". Dagsavisen (in Norwegian). 11 May 2006. Retrieved 2009-05-06. .
  8. ↑ "Norway's richest man no longer". Aftenposten. 11 May 2006. Retrieved 2010-05-15.
  9. ↑ "Skatteflyktet til Kypros". Ukeavisenledelse (in Norwegian). 23 August 2006. Retrieved 2010-05-15. .
  10. ↑ "Fredriksen blir kypriot". Aftenposten (in Norwegian). 10 May 2006. Retrieved 2009-05-06.
  11. ↑ "Act Now to Prevent More Oil Spills at Sea". New York Times. 27 February 1996. Retrieved 2010-06-18. .
  12. ↑ "Norway's Whilhelmsen moving shipping unit to Malta". Reuters. 18 June 2008. Retrieved 2010-05-15. The changes were aimed at making Norwegian shipping rules more like those in the European Union, but industry groups have said the move might force some to register in tax havens such as Bermuda or Cyprus.
  13. ↑ "Rømmer norsk utbytteskatt". E24 Næringsliv (in Norwegian). 9 February 2007. Retrieved 2009-05-06.
  14. ↑ Rowlinson, Liz (9 April 2009). "Cyprus is surging forward with state-of-the-art homes". Daily Mail. London. Retrieved 2010-05-21. What's more, since Norway's richest man, John Fredriksen, took Cypriot citizenship in 2006, the flow of his fellow countrymen has increased, too, with investors taking advantage of the lowest income tax in Europe and minimal crime rates.
  15. ↑ "Norske pensjonister: Flytter til 8% skatt på Kypros". VG Nett. 4 December 2008. Retrieved 2009-05-06. Low taxation, low living costs and summery winter temperature limits more and more Norwegians to settle on the Mediterranean island. Now we have established a Norwegian "colony" in Paphos in Cyprus similar seen in Spain.

External links

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