The Cyprus Stock Exchange is considering a reduction in transaction fees for investors in a bid to make the exchange a more attractive place to invest.
Addressing the House Finance Committee, the chairman of the CSE, Akis Kleanthous, detailed a proposal to cut the transaction fee for private individuals from 0.6% to 0.3% and for corporate trades from 1% to 0.3%.
Additionally, the CSE also wishes to abandon charges levied on the opening of and transferring of shares from Global Trading accounts.
The CSE chairman explained that the move will also harmonise the exchange’s fees with the Athens Stock Exchange as the two institutions prepare to launch a common trading platform.
A comprehensive report on the thirteen offshore stock exchanges, including details of their regulatory regimes, is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop
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