The Global Legal Entity Identity Foundation has developed a system where each legal entity is requested to register and acquire a unique identification number – a Legal Entity Identifier (LEI)…
Author: Laura Deane
Cyprus Announces Further VAT Payment Flexibility for all Companies
Cyprus’s tax agency has released a number of statements regarding further value-added tax payment concessions for companies and those in the tourism sector financially impacted by the COVID-19 pandemic. Previously,…
Singapore Introduces New Work Pass to Attract Foreign Tech Talent
Singapore Prime Minister Lee Hsien Loong announced in his keynote speech at the Singapore Tech Forum 2020 last week that Singapore requires more technology talent and a newly announced work…
Tax Abuse by International Companies is Costing USD $427 BN in Annual Losses Each Year
According to a study by a global advocacy group, tax abuse by international companies and avoidance by HNWIs (high net worth individuals) is costing countries USD $427 billion each financial…
Greece Blames Pandemic for Almost 50% Decline in Golden Visa Applications
Greece’s golden visa scheme, which provides five-year residency in exchange for investment, has issued 46% fewer residence permits this financial year. Despite pressure from the European Commission, the Greek government…
Which Type of Legal Entity is Right for my Business?
In the following article, we will summarise and weigh up the differences between a limited company and a limited liability partnership to provide increased clarity between the two structures. Those…
Cyprus Faces More EC Condemnation as it Fails to Transpose AMLD5
Last week the European Commission sent a reasoned opinion to Cyprus for failing to implement the 5th Anti-Money Laundering Directive (AMLD5) into national and local legislation. The implementation deadline for the directive has…
Cyprus Interior Ministry Faces Over 1,400 Pending Citizenship Applications
This week the Cyprus Interior Ministry have announced that they are facing over 1,400 pending applications from the citizenship by investment programme that the government was forced to abandon in…
US Ask Cyprus to Tighten Port Access to Russia Amid Global Sanctions
The United States expect to see further assurances on the ability of Cyprus to deny port access to Russian naval vessels, according to the US Assistant Secretary of State for…
Applying for a Working Visa as a Third Country National in Cyprus
In order to apply for a work permit (also referred to as a working visa), the company must be eligible to apply for employing third country nationals. Eligible companies are considered…